The Vice-Chancellor of the Federal University of Technology Owerri (FUTO), Nnenna Oti, has presented the university’s symbolic “FUTO Macho Man” honor to Aliko Dangote, President and Chief Executive of Dangote Industries Limited, in recognition of his achievements and contributions to industry and society. The presentation took place after Dangote delivered a lecture titled “Enterprise, Leadership […]

The European Commission has announced a new humanitarian aid package worth €235 million (about $256 million) to address worsening food shortages and displacement crises across West and Central Africa. The funding is aimed at supporting millions of vulnerable people affected by escalating conflict, climate-related shocks, and severe food insecurity across the region. A significant portion […]

Tensions within the Sahel region have escalated after the foreign ministers of Niger and Mali leveled serious accusations against neighboring countries during a high-level security forum in Senegal, alleging that some states are actively sponsoring terrorism. Mali’s Foreign Minister, Abdoulaye Diop, claimed that certain neighboring countries—though not named—are harboring and supporting terrorist groups or providing […]

Experts say China is changing the way it works with African countries, moving away from the old “Angola Model” of large loans and major infrastructure projects toward a new approach known as the “Hunan Model.” The older model focused mainly on financing roads, railways, ports, and other large infrastructure in exchange for access to oil […]

Trafigura has signed a landmark $1 billion oil prepayment agreement with the Republic of Gabon, giving the government immediate access to cash in exchange for future crude oil deliveries. The agreement, signed on April 15, 2026, is intended to strengthen Gabon’s public finances, boost foreign exchange reserves, and support infrastructure and social development programs. Under […]

The South African rand is showing renewed resilience, trading at approximately R16.32 per U.S. dollar as of mid-April 2026, marking a 0.4 percent gain from the previous session. The currency’s recent performance reflects a combination of global and domestic factors, including a softer U.S. dollar and growing optimism surrounding potential de-escalation in Middle East tensions, […]