Economy & Business

Libya has taken a significant step toward revitalizing its energy sector after the National Oil Corporation (NOC) signed a series of production-sharing agreements with leading international energy companies following the country’s first…

South African-born biotechnology entrepreneur and physician Patrick Soon-Shiong has become the richest person in Los Angeles, with an estimated net worth of $8.4 billion according to Forbes' 2026 rankings. His rise from a young medical…

As the countdown to the 2026 FIFA World Cup intensifies, the vibrant markets of Kibera in Nairobi have become a magnet for football enthusiasts searching for hidden treasures. Among the countless items sold in the bustling informal…

Tanzania’s long-delayed Mkuju River uranium project is showing fresh signs of progress following renewed support from Russia and high-level discussions involving President Samia Suluhu Hassan during her recent visit to Moscow. The project,…

Africa’s growing industrial ambitions are increasing demand for technical skills, workforce development, and practical education systems capable of supporting modern economies. Across West Africa and beyond, governments are placing greater…

Egypt has taken another step toward strengthening its position as a regional textile and apparel manufacturing hub with the inauguration of a major new garment production facility in New Borg El Arab City, Alexandria. The new facility,…

Leaders at the 29th St. Petersburg International Economic Forum said the balance of global economic power is increasingly shifting toward emerging markets, with Africa expected to play a major role in future growth. The discussions came as…

Egypt is preparing a new wave of economic reforms aimed at making it easier for businesses to operate while advancing plans to list several state owned companies on the stock exchange over the next year. Speaking during a visit to London,…

South Africa has resumed large scale maize exports as the country moves toward what could become the largest maize harvest in its history, creating a substantial grain surplus that may help strengthen food security across Africa.…

A new global wealth report has revealed that Africa experienced record growth in the number of millionaires in 2025, reflecting broader gains in global financial markets and rising asset values. According to the 2026 edition of the…