The Economic Impact of Illicit Financial Flows on African Development Corruption is the abuse of entrusted power for private gain. Money laundering is the process of concealing the origins of money obtained through illegal activities. Together, these practices facilitate illicit financial flows in Africa. For a layman, this is the equivalent of “cleaning” stolen or...
Abdul Samad Rabiu industrial expansion: Net worth analysis Abdul Samad Rabiu, the founder and chairman of BUA Group, recorded a net worth increase of 4.47 billion USD during the first quarter of 2026. This financial growth brings his total valuation to 14.6 billion USD. This movement is a direct consequence of the Abdul Samad Rabiu...
African energy self-sufficiency LAGOS – Four West African nations have opened formal negotiations with Dangote Industries to secure direct petroleum supply contracts. The governments of Ghana, Senegal, Sierra Leone, and Liberia seek to reduce their dependence on European refined products. This shift occurs as maritime disruptions in the Middle East drive international fuel prices to...
African petroleum price volatility: A Continental Breakdown of Fuel Costs HARARE – The African continent is currently grappling with a severe energy shock as of 20 March 2026, driven by an escalating conflict in the Middle East that has pushed Brent crude prices beyond the 100 USD per barrel threshold. This surge has triggered a...
Britain and Nigeria Port Redevelopment Project The economic relationship between Britain and Nigeria entered a new phase on Thursday as both nations finalized a £746 million export finance agreement. The capital is designated for the extensive modernization of the Lagos Port Complex and the TinCan Island Port Complex. This funding supports the Nigerian port redevelop...
Dedollarization roadmap Across Africa, several countries operate with dual or foreign-currency-based monetary systems. Zimbabwe uses the US dollar alongside the ZiG. Others such as Zambia, Angola, Mozambique, and Nigeria have all experienced periods where foreign currencies dominated local transactions. These systems often emerge during economic crises, when inflation destroys confidence in domestic money and people...
Sovereign Debt Architecture: Why African Borrowers Pay More The core fact is simple. African governments pay higher borrowing costs than richer countries. The reason is not only market pricing. It is how the global system is built. The term Sovereign Debt Architecture describes the rules, institutions, and market practices that determine how countries borrow and...
South Africa’s Fuel Prices Are Dropping South Africa’s fuel prices are set to become more affordable in February, bringing welcome relief to motorists, businesses, and households. Recent data from the Central Energy Fund shows that cost reductions at the pump are expected to continue after a period of higher prices, giving South Africans a break...
Top 10 African economies and GDP growth The economic outlook for the African continent in 2026 shows a period of significant recovery and expansion. Financial analysts are closely watching the Top 10 African economies and GDP growth as regional performance is expected to reach 4.3 percent. This growth rate is an improvement from the 4.0...
Standard Chartered Botswana Exit Standard Chartered has confirmed it will fully exit its operations in Botswana. This decision marks a shift from the previous plan to only sell its retail and wealth management divisions. The bank now intends to divest its entire franchise including the profitable corporate and investment banking units. This move ends a...