Fogo Island in Cape Verde presents a breathtaking scene of resilience and life within the embrace of an active volcano. Towering at nearly 9,300 ft, Fogo's striking black slopes are a reminder of previous eruptions, the most recent occurring in 2014, which devastated villages but miraculously spared lives. Today, about 600 resilient residents...

In a significant geopolitical shift, Niger's military government has officially withdrawn from the Organisation Internationale de la Francophonie (OIF), marking a further distancing from France, its former colonial ruler. This exit follows Niger's suspension from the 88-member organization after the coup last July that ousted President Mohamed Bazo...

 In a dynamic effort to boost its diamond sales, Botswana is setting its sights on wealthy young Americans, leveraging social media platforms like Instagram and TikTok to promote its natural diamonds. The country's capital, Gaborone, is embarking on an innovative marketing campaign aimed at appealing to a younger demographic that values both l...

 Finance Minister Unveils Controversial VAT Increase In a bold fiscal move, South Africa's Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year. An additional 0.5% hike is also planned for 2026. These steps aim to shore up government revenues amidst complex political dialogue...

 Africa's gross domestic product (GDP) is projected to grow by 3.8% in 2025 and 4.1% in 2026, according to a report by the United Nations Economic Commission for Africa (UNECA) released Wednesday in Addis Ababa during the 57th session of the Conference of African Ministers of Finance, Planning, and Economic Development. The report, presented b...

 Economic Reforms and Challenges The IMF's aid package is aimed at helping Egypt undertake necessary economic reforms to address its fiscal challenges. The government has committed to implementing policies that include reducing public debt, restructuring subsidies, and enhancing the business environment to attract foreign investment. These eff...

 Seven oil companies in Nigeria have committed to paying $37.4 million in outstanding debts to the federal government by August 2025, following an investigation by the House of Representatives' Public Accounts Committee. The probe revealed a staggering $6.39 billion owed by 48 oil firms, including Shell, Chevron, and Seplat. The debts include ...

 Africa's creative economy, valued at nearly $59 billion, is gaining global attention despite representing a small fraction of the $2 trillion global industry. Netflix's $200 million investment in African markets and Canal+'s planned acquisition of Multichoice highlight the continent's growing commercial appeal. Efforts to boost the sector inc...

 Bamako has suspended issuing new artisanal gold mining permits to foreign nationals following recent fatal accidents. On February 15, an artisanal mine collapse in the Kayes region resulted in 43 deaths, primarily affecting women. Earlier, on January 29, a flooded tunnel in southwest Mali claimed 13 lives, including women and children.  ...

A study in Ghana reveals surprising resilience among youth toward farming despite climate change challenges. With a 13.9% youth unemployment rate and over 50% underemployment, agriculture offers opportunities as the average farmer age hits 55. Research with 511 young Ghanaians shows that floods, droughts, and heat don't significantly deter par...

 In a significant move to bolster its food security, Egypt has successfully procured a soft loan amounting to $93.9 million from the European Investment Bank (EIB). This funding agreement was announced by Egypt's Ministry of International Cooperation, highlighting the strategic importance of enhancing the nation's grain storage and logistics c...

 Agriculture is a cornerstone of Africa's economy, playing a critical role in the livelihoods of millions of people across the continent. With agriculture contributing approximately 15.4% to Africa's GDP in 2023, it continues to be a vital sector despite facing significant challenges such as climate change, desertification, and soil degradatio...

 In recent years, the African continent has emerged as a vibrant hub for the film and TV industry, driving significant economic growth and an upswing in tourism. Among African nations, South Africa has become a pivotal destination, not just for viewers seeking authentic storytelling, but also for international production companies aiming to ca...

 In a significant development for the mining industry, Barrick Gold, the world's second-largest gold producer, has successfully negotiated an agreement with Mali's government. This resolution brings an end to a prolonged dispute that lasted nearly two years and had severely impacted mining operations, which are crucial for Mali as they account...

 In an exciting revelation from the Brand Finance 2025 report, South Africa emerges once again as Africa's most valuable country brand. With a remarkable brand value of $215 billion, South Africa has witnessed a commendable 3.3% increase compared to the previous year, solidifying its position at the top of the continent's brand value ranking. ...

Strong currencies offer numerous fiscal advantages, including lower inflation, increased investments, improved trade opportunities, and strong buying power. Africa is home to some countries with the strongest currencies in the world, thanks to its many fast-emerging economies. These currencies are not just symbols of monetary stability but also ind...

 In a decisive move to restore balance to the international cobalt market, the Democratic Republic of Congo (DRC), which stands as the world's largest producer of this strategic metal, has implemented a temporary ban on its export. Spanning at least four months, this export suspension aims to address the current market oversupply that has prec...

 In a momentous turn of events, Senegal's government and the Movement of Democratic Forces of Casamance (MFDC) have signed a historic peace agreement, signaling the end of a four-decade-long conflict. This landmark accord, skillfully brokered by Guinea-Bissau's President Umaro Sissoco Embalo, marks the beginning of a new era of harmony and uni...

 In a noteworthy announcement, the African Development Bank (AfDB) has revealed five candidates competing in its upcoming presidential election, slated for May 29, 2025. This election is of great significance as it will determine the successor to the current president, Akinwumi Adesina, whose tenure concludes in May 2025. The candidates vying ...

 The African Development Bank (AfDB) has projected a promising 4.1% growth rate for the African economy in 2025, showing improvement from the 3.2% growth recorded in 2024. This anticipated growth is attributed to several factors, including widespread economic reforms in multiple countries, easing inflationary pressures, and improved debt manag...