Development
Senegal Turns to Domestic Gas in Push to Cut Electricity Costs by Up to 30%
Senegal plans to increase the use of domestically produced natural gas in electricity generation as part of a wider strategy aimed at…
Category: Economy
Africa
East African Trade Surges to $52.3 Billion as Exports Push Region Into Surplus
East African Community trade reached $52.3 billion in Q2 2026 as exports rose 41.3%, moving the region from a deficit a year…
Africa
Africa–China Trade Nears $274 Billion, but Africa’s Deficit Widens
Africa–China merchandise trade approached $274 billion in the first eight months of 2026, but Africa's deficit widened as Chinese exports continued to…
Business
Dangote Refinery Opens Africa’s Largest IPO as Nigeria Tests Retail Appetite for Industrial Ownership
Dangote Petroleum Refinery has opened a N2.15 trillion public offer, putting one of Africa’s largest industrial assets before public investors and testing…
Afreximbank
PAPSS Has Built the Network. Now Comes the Test of Getting Africa to Use It
PAPSS is shifting from building a continental payments network toward the harder challenge of driving adoption and transaction volumes across African markets.
Africa
South Africa Pushes BRICS Investment Towards African Industry and Value Addition
South Africa is pressing BRICS partners to direct investment into African manufacturing, beneficiation, infrastructure and local value creation rather than reproducing commodity-led…
AfDB
Madagascar Faces $7.27 Billion Annual Development Financing Challenge by 2030
Madagascar needs to mobilise about $7.27 billion annually by 2030 to finance development and structural transformation, according to the African Development Bank’s…
Africa
Transnet Is Profitable Again. South Africa’s Real Logistics Test Starts Now
South Africa’s state-owned logistics group Transnet has returned to annual profit for the first time in four years, but its latest results…
Africa
Dangote’s Crude Appetite Is Beginning to Reshape Nigeria’s Oil Trade
Nigeria’s Dangote refinery has secured at least 16 million barrels of Nigerian crude for delivery in October, extending a sharp increase in…
AfDB
Africa’s Deposit Funds Are Being Asked to Do More Than Protect Savers
A new partnership between the African Development Bank Group and the African Forum of Deposit Funds is opening a broader conversation about…