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, […]

FTSE Russell has officially reinstated Nigeria into its Frontier Market Index, marking a significant milestone for Africa’s largest economy and signaling renewed global investor confidence after nearly three years of being classified as “Unclassified.” The decision reflects growing recognition of Nigeria’s recent economic reforms, particularly in addressing long-standing challenges related to foreign exchange liquidity and […]

Tanzania has taken a decisive step to reform its mining sector, revoking 40 mineral exploration licenses in a sweeping crackdown on speculative practices and regulatory violations. The announcement, made in Dodoma by Anthony Mavunde, signals a firm shift in government policy toward accountability, transparency, and more inclusive participation in the country’s mineral economy. The revoked […]

A deepening fuel crisis is sweeping across Africa, as global supply disruptions linked to escalating tensions in the Middle East continue to reverberate through international energy markets. The situation has been exacerbated by the blockade of the Strait of Hormuz in early March 2026—a critical maritime corridor through which a significant share of the world’s […]

Ethiopia is accelerating its transition to green mobility with an ambitious expansion of its electric vehicle (EV) charging infrastructure, reinforcing its position as one of the most aggressive adopters of clean transport policies globally. The push follows the country’s landmark 2024 ban on the importation of fossil-fuel-powered passenger cars, a bold policy that has rapidly […]