$100M: Why the AfDB Just Bought Its Way Into the ECOWAS Development Bank

AfDB acquires a $30 million direct equity stake and permanent BIDC board seat.

AAA-rated backing enhances BIDC's corporate governance and lowers global borrowing costs.

A $70 million credit line leverages $230 million for West African renewable projects.

The deal advances NAFAD, reducing regional reliance on external Western and Chinese capital.

$100M: Why the AfDB Just Bought Its Way Into the ECOWAS Development Bank

AfDB acquires a $30 million direct equity stake and permanent BIDC board seat.

AAA-rated backing enhances BIDC's corporate governance and lowers global borrowing costs.

A $70 million credit line leverages $230 million for West African renewable projects.

The deal advances NAFAD, reducing regional reliance on external Western and Chinese capital.

World

Donors Pledge $910 Million for Ebola Emergency in DRC and Uganda

Economy

Bank of Namibia Raises Repo Rate to 6.75% as Inflation Pressures Mount

Finance

Nigeria’s Current Account Surplus Soars 255% to $4.98 Billion in Q1 2026 As Fuel Imports Plummet

Energy

Brent and WTI Futures Plunge Over 2% to 3-Month Lows on U.S.-Iran Accord

Energy

Higher Refinery Output and Shifting Trade Routes Ease Global Jet Fuel Shortage Fears – IEA

Finance

Nigeria Reserves Hit $50.8B as Africa’s Top Economy Bolsters FX Buffers

Energy

ExxonMobil Signs Preliminary LNG Supply Deal for South Africa’s First Import Terminal

Economy

South African Inflation Quickens to 4.5% in May on Surging Transport and Housing Costs

Beyond the Red Carpet: The UK State Visit is an Investment in Nigeria’s Future

24 March 2026

South Africa to scrap its prime lending rate with central bank policy rate

18 February 2026

Nigeria Industrial Giant BUA Partners Abu Dhabi’s AD Ports to Revolutionize West African Logistics

17 February 2026

Nigerian Breweries Swings Back to Profitability in 2025 After 2 years losing streak

13 February 2026

AU Summit: Nigeria Secures Permanent Seat on African Central Bank Board

13 February 2026

Nigerian Naira anchors as foreign reserves hit 8-year peak of $47b

10 February 2026

Economy

South Africa Economy Beats Forecast With 0.5% Q1 Growth Amid War Risks

Business

Nigeria’s Trade Surplus Soars 341% to ₦7.55 Trillion as Fuel Imports Plunge

Economy

Egypt Accelerates Privatization Push With Four Planned State IPOs

Economy

Dangote Refinery Surpasses Capacity to Process 700,000 bpd in Test

Economy

Mozambique Claims 15% Mining Stake To Halt Raw Exports

Business

Zambia Waives 10% Copper Export Tax to Clear Smelter Stockpiles

Economy

Ghana’s Economy Outpaces Projections as Inflation, Interest Rates Decline

Economy

Uganda’s Gold Exports Surge to $6.5 Billion in Nine Months

Business

South Africa Raised Steel Import Duties To 30% Amid China Import Surge

Business

South Africa’s Q1 2026 Jobless Rate Climbs to 32.7% Amid Mounting Economic Pressure

Business

MTN Group Earnings Surge 27.9% as Nigeria and Ghana Drive Q1 Growth

Business

Dangote Refinery Targets $50 Billion Valuation in Landmark 2026 IPO

Business

African Leaders Demand Credit Rating Overhaul at Nairobi Summit

Business

Ghana’s Inflation Hits 3.4% as 16-Month Disinflationary Streak Ends

Business

Nigeria’s Cement Giant Rebrands to HBM After $1B Sale and CEO Terrorism Conviction

Business

Limited Access to Finance, Power Deficits, and Insecurity Slows Nigeria’s Businesses in April

Book Review

The Oil Curse: How Petroleum Wealth Shapes the Development of Nations

Book Review

Reforming the Unreformable – Lessons from Nigeria

Book Review

Why Growth Matters – How Economic Growth in India reduced poverty and the lessons for other developing countries

Book Review

Cobalt Red – How the blood of the Congo Powers Our Lives

Book Review

Rule Breaker: Rebellious Leadership for the Future of Work

Book Review

Collapse and Recovery: How the Covid – 19 pandemic eroded human capital and what to do about it.