Economy

Dangote refinery’s petrol unit may stay offline for months, extending Nigeria’s reliance on costly imports and delaying subsidy reforms.

South Africa business activity shows modest improvement in August as easing cost pressures offer relief despite U.S. tariffs and inflation risks

The rand softens as dollar strengthens, highlighting South Africa’s vulnerability to global sentiment and domestic structural economic pressures.

KEY POINTS Päijät-Häme District Court sentences Simon Ekpa to six years. Convictions include terrorism offences, incitement, and aggravated tax fraud. Ekpa accused of equipping armed groups and inciting violence via …

South Africa prepares for historic G20 summit, set to welcome world leaders and highlight Africa’s role in global decision-making.

Africa now has 25 billionaires and 122,500 millionaires, reflecting rapid shifts in wealth creation and economic influence across the continent.

Egypt central bank set to cut rates by 100 basis points as inflation cools and growth pressures mount.

KEY POINTS ADC rejects Datti Baba-Ahmed’s criticism. Coalition vows unity against Tinubu’s administration. ADC urges Baba-Ahmed to join opposition bloc. The African Democratic Congress has distanced itself from Senator Datti …

KEY POINTS Tinubu launches tax calculator ahead of January 2026 reforms. Tool lets Nigerians compare new and current income tax rates. President promises system won’t punish the poor, ensures equity. …

Botswana signs $12 billion deal with Qatar’s Al Mansour Holdings to boost infrastructure, energy, and industry while reducing reliance on diamonds.