Reserved business sectors law Zimbabwe has introduced a new reserved business sectors law that blocks foreign nationals from operating in several everyday service industries. The policy has triggered concern, debate and confusion across the business community because it reshapes who can own and manage certain enterprises that have, for years, included a mix of local...
Nigeria: crude oil theft scandal The recent seizure of a Nigerian-owned supertanker by the United States has ignited another crude oil theft scandal at a time when West Africa’s energy sector is facing intense scrutiny. The vessel, allegedly involved in transporting stolen crude, has become a symbol of the region’s ongoing struggle with illicit oil...
DRC Rwanda peace deal The recent DRC Rwanda peace deal signed in Washington has stirred renewed hope across the region. The agreement offers a path toward ending decades of conflict in eastern Congo. It sets out commitments by both countries to respect territorial integrity, withdraw foreign troops, disarm militias, and create a framework for regional...
Child Rescue Effort The Child Rescue Effort in Nigeria recorded a major victory with the release of about one hundred schoolchildren who were abducted from a Catholic school in Niger state. This development marks one of the most significant positive outcomes seen in the country’s broader security situation this year. The success of this Child...
Voodoo accusations flared after the Democratic Republic of Congo beat Nigeria on penalties in a World Cup qualifying playoff. The match went to a 4-3 shootout after a 1-1 draw. The result sent DR Congo forward and left Nigeria eliminated. The recent comments made by the former DR Congo coach caused a stir after he...
Nigeria aircraft components Nigeria is making a strategic push into Nigeria aviation manufacturing, marking what could become a major shift in the country’s industrial and economic direction. The government has set out an ambitious plan to begin local production of aircraft components as part of a broader move to modernise the aviation sector and reduce...
The New ZiG Notes 2026 Zimbabwe’s central bank has announced the introduction of New ZiG Notes, sparking concern among cash holders and businesses across the country. The move, aimed at modernizing the currency, has left many citizens anxious about the immediate implications for cash availability, transactional efficiency, and financial stability. The rollout of these notes...
A recent teen theft court case in Bulawayo, Zimbabwe offers a clear business lesson on household risk and youth behaviour. A 13-year-old boy admitted stealing US$1,500 and R1,500 from savings that his family had set aside to buy a residential stand. He pleaded guilty at Tredgold Magistrates’ Courts and was remanded to the Percy Ibbotson...
The International Monetary Fund has revised down its growth outlook for Zambia. The IMF now projects real GDP growth of 5.2 percent in 2025 and 5.8 percent in 2026. The change reflects a clear concern. The agency says limited hydropower generation and periodic load management will weigh on non-mining economic activity. Zambia’s overall performance shows...
Safaricom has once again demonstrated why it remains the most dominant telecom and technology company in Kenya. With total revenue reaching KES 388.7 billion for the financial year ending 31 March 2025, the company has reinforced its position as the most profitable corporate entity in the country. This amount is equivalent to about USD 3...