Nigeria's Securities and Exchange Commission (SEC) is set to ramp up the licensing of crypto activities in 2025, aiming to establish a clear regulatory framework for the country's growing digital asset market. Since launching its Accelerated Regulatory Incubation Programme (ARIP) in June 2024, the SEC has already issued provisional licenses t...

 Guinea's Simandou mining project, poised to become the world's largest, is gaining attention with its innovative approach of allocating 5% of its revenues to education. This initiative aims to develop the country's human capital as part of a sustainable development strategy. With mining operations set to commence in 2026, the Guinean governme...

A fourth group of Kenyan police arrived in Haiti on Thursday to help combat violent gangs, despite a partial U.S. funding freeze for the U.N.-backed mission. The 200 officers join over 600 Kenyans already working alongside Haitian police, as part of a multinational effort including Jamaica, Guatemala, and El Salvador. This comes after the U.S. froz...

 Abuja has responded to US President Donald Trump's 90-day freeze on most foreign aid by forming a committee to create a transition and sustainability plan for health programs funded by the United States Agency for International Development (USAID). The committee, comprising officials from the ministries of finance, health, and environment, se...

 The African Development Bank (AfDB) has introduced a groundbreaking proposal to establish a new "gold standard" currency system backed by Africa's critical minerals, such as cobalt, copper, lithium, and manganese. The initiative is designed to leverage Africa's vast natural resources — which account for approximately 30% of the world's reserv...

 Rwanda-backed rebels who took control of Goma, a crucial city in eastern Congo, have declared a unilateral ceasefire in the area for humanitarian purposes. The M23 group made this announcement on Monday, responding to calls for a safe passage for aid and the needs of hundreds of thousands of displaced individuals. Goma is situated in a region...

 In recent years, Southern Africa's luxury market has faced challenging times, but it is now poised for a resurgence, especially as people seek unique and high-quality experiences post-pandemic. One of the driving forces behind this growth is the rise of "bleisure travel" — a blend of business and leisure travel, which is reshaping the hospita...

 TotalEnergies failed to secure U.S. approval for nearly $5 billion in financing for its Mozambique LNG project before the Biden administration left office. CEO Patrick Pouyanné had urged officials to expedite approval, fearing further delays under Trump. The U.S. Export-Import Bank is now reviewing the project's terms. Security concerns, Isla...

 A nurse in Uganda has died of Ebola, a health official said Thursday, in the first recorded fatality since the last outbreak ended in 2023. The 32-year-old male nurse was an employee of Mulago Hospital, the main referral facility in the capital, Kampala, Diana Atwine, permanent secretary of the health ministry, told reporters Thursday.After d...

 The Federal Government of Nigeria is seeking $15 billion in private investments to upgrade its struggling power sector and bridge a $23 billion funding gap. This initiative, announced at the World Bank Energy Summit in Tanzania, aims to overcome the country's power crisis and provide electricity to 86 million Nigerians who currently lack acce...

 The eagerly-awaited 2025 Africa Cup of Nations (Afcon) draw, conducted in Rabat, Morocco, has set the stage for Africa's premier football competition. The tournament will commence on December 21, with hosts Morocco facing off against Comoros in an exciting opening match. Defending champions Ivory Coast have been drawn in Group F, which promis...

 Zimbabwe's Kuvimba Mining House is poised to finalize a $270 million lithium project deal with two Chinese companies this month, despite the recent decline in lithium prices. This agreement includes the construction of a 600,000 metric-ton-per-year lithium concentrator in Sandawana, Zimbabwe. Trevor Barnard, the CEO of Kuvimba Mining, disclos...

In 2024, Nigeria successfully reclaimed its position as Africa's premier destination for oil upstream investments, surpassing Angola. According to a report from Wood Mackenzie, this achievement is primarily attributed to Nigeria's strategic development of deep-water projects, notably the $4.6 billion Bonga North Tranche 1 and Energes' $2.6 billion ...

 The Central African Republic (CAR) has strengthened its political ties with Russia following the signing of a cooperation agreement between the ruling United Hearts Movement (MCU), led by President Faustin-Archange Touadéra, and Russia's United Russia party, headed by President Vladimir Putin. Signed remotely, the agreement marks deepening re...

 As Cameroon braces for pivotal elections later this year, the spotlight falls on 91-year-old President Paul Biya, who is widely expected to pursue an eighth term in office. If reelected, Biya would extend his already record-breaking 42-year rule, cementing his status as Africa's longest-serving leader. While his party, the Cameroon People's D...

 Brazil's government said on Friday that Nigeria has been accepted as a partner country in the multinational BRICS group. This adds Africa's largest economy to the growing alliance of emerging market countries.Brazil, which currently holds the rotating presidency of the bloc, described Nigeria as having converging interests with other members ...

 Morocco has firmly established itself as Africa's leading tourist destination. In 2024, the country welcomed an impressive 17.4 million international tourists, earning the top spot among the continent's most-visited nations. This record-breaking achievement represents a 20% increase compared to 2023 and a staggering 33% rise compared to 2019,...

 Rwanda is set to join Africa's oil-producing nations following a significant oil discovery in Lake Kivu. According to the Rwanda Mines, Petroleum, and Gas Board, a 2D seismic survey conducted from 2021 to 2022 identified 13 structural pockets and potential drilling locations with promising hydrocarbon reserves. This development aligns with th...

 Experts are projecting that Nigeria's economy will grow by 3.5% year-on-year in 2025, surpassing an estimated 3.2% growth in 2024, according to the NESG-Stanbic IBTC Business Confidence Monitor. The report attributes this growth to the easing of inflationary pressures and the stabilizing effects of the government's two flagship reforms: forei...

The bill to prolong President Emmerson Mnangagwa's current mandate could be tabled before parliament in a matter of days. Interestingly, it has already won opposition backing. On Tuesday, a top official of the Citizens Coalition for Change (CCC), the party of opposition chief Nelson Chamisa - said the outfit would not block the bid when officially ...