After a record 2023 and despite headwinds faced in Africa (Kenya and Nigeria), Rubis delivered a solid performance in 2024 with a €721m EBITDA (-10% yoy) and a €504m EBIT (-19% yoy). Hyperinflation ...

World Bank’s South Sudan Economic Monitor Urges Swift and Sustained Reforms to Accelerate Economic Recovery and Inclusive Growth ...

Impairments dropped 8% to 14.3 billion rand, which helped the lender’s credit-loss ratio — a measure of bad loans as a percentage of the total book — improve to 1.03% for the period. That’s still ...

Absa Group has reported a 10% increase in headline earnings per share for the year ending December 2024, showcasing strong ...

Introduction Government deficit spending creates widespread economic distortions. It is the central policy that distorts, ...

"Even in the face of current economic and political challenges confronting the economy, the Zimbabwe dollar ought to and must remain the nation's currency, so as to safeguard our ...

Amref Health Africa Group CEO Dr. Githinji Gitahi, reminded African leaders and global stakeholders to rethink health investments. This, he said, will help build resilient and sustainable health ...

The Reserve Bank of Zimbabwe said the new notes that includes 50 trillion, 20 trillion and 10 trillion would be released for the "convenience of the public," according to statemen ...

Donald Trump has reignited tensions over land expropriation. And let’s not forget the cautionary tale of our northerly neighbours ...

The U.S. government has shut down Power Africa, a program launched in 2013 by former President Barack Obama to expand electricity access across Africa, Bloomberg reports. Most of Power Africa’s ...

Humans lived under the leafy canopy of a West African rainforest by at least 150,000 years ago. Previously, the oldest secure evidence for humans living in African rainforests dated to about ...

It was the late 19th century and European nations were beginning to look at the African continent as a more permanent resource base for their newly growing industrial sectors. More than the ...