Eye on Africa

In a compelling discussion with Business Insider Africa, Dr. Sonnie Ayere, the Group Chief Executive Officer of DLM Capital Group, laid bare the nuances of Sovereign Bond-Backed Composite Notes (SBCNs). He delved into their distinct risk-return characteristics and underscored the relevance of this financial innovation for Nigeria's burgeoning debt markets. After two years of meticulous design and assessment, DLM Group has unveiled a product that is quickly gaining a reputation as a transformative solution for…

The atmosphere at the Women's Africa Cup of Nations currently unfolding in Morocco is electric, as teams frantically attempt to secure their spots in the quarterfinals. Every kick, every tackle, and every moment counts. The urgency is palpable; the competition is fierce. In Group C, Ghana and Tanzania find themselves in a precarious situation. Both teams have only managed to gather a single point from their first two matches, leaving them in dire need of a win. Their last opportunity to qualify looms ahead like a looming…

Aliko Dangote, Africa’s wealthiest individual, is embarking on an ambitious project: the establishment of a significant seaport in proximity to his extensive fertilizer and oil refinery operations. This initiative is not merely about logistical convenience; it's a strategic move designed to enhance exports and bolster the ongoing expansion of his sprawling industrial empire. During a recent conversation in Lagos, Dangote unveiled that his team had submitted the necessary documentation in late June to kickstart…

Understanding the Impact of Kenya's Diaspora Remittances Recent reports indicate a noteworthy surge in remittances sent to Kenya, firmly establishing the nation among the top ten African countries recognized for significant remittance inflows. This growth speaks volumes about the dedication and bonds between Kenyans living abroad and their families back home. In June 2025 alone, the Central Bank of Kenya reported remittance inflows totaling an impressive USD 423 million (approximately KSh 54.68 billion). This…

Burundi has proudly joined the ranks of the few nations that have successfully eradicated trachoma, a debilitating tropical affliction. This disease, which spreads through personal contact, contaminated surfaces, and the involvement of flies, has long plagued vulnerable communities. Now, Burundi stands as the eighth country in the region to declare victory over trachoma, marking a significant milestone in public health. Dr. Tedros Adhanom Ghebreyesus, the Director-General of the World Health Organization, acknowledged this…

A Celebration of Empowering Change: Enactus Nigeria Awards Ceremony On July 3, 2025, the vibrant city of Lagos played host to an inspiring gathering—the 25th Anniversary Gala and Awards ceremony of Enactus Nigeria. This landmark event, dedicated to empowering young leaders across the nation, showcased innovative projects aimed at generating both social and economic change. With a presence in over 30 tertiary institutions, Enactus Nigeria has become a…

Nairobi Hosts Groundbreaking Meeting for Finance Ministers of the Horn of Africa Nairobi (AX) — Recently, a significant event occurred in the bustling heart of Nairobi, Kenya. Somalia’s Minister of Finance, Bihi Iman Egeh, took the helm at the 25th Meeting of Finance Ministers under the prestigious Horn of Africa Cooperation Forum. With Somalia proudly presiding over this year's session, the atmosphere was charged with a sense of purpose and determination. The meeting unfolded with a clear focus on enhancing regional…

President Cyril Ramaphosa has placed Police Minister Senzo Mchunu on immediate leave amidst serious allegations linking him to organized crime. In a decisive national address, Ramaphosa revealed the establishment of a judicial commission, headed by the deputy chief justice, which will delve into the claims that pose a significant threat to both national security and the Constitution itself. Such steps highlight the intensifying scrutiny surrounding public officials, where accountability becomes paramount. In the wake of…

Mogadishu (AX) — In a significant move against the persistent threat of Al-Shabaab, the Somali National Army (SNA) recently conducted a targeted operation that resulted in the death of a prominent leader in the terrorist group. This meticulous mission took place in the Toratorow area of the Lower Shabelle region, showcasing the commitment of the military to restore peace and security in the local communities. On Sunday, the SNA confirmed the operation’s success, highlighting the strategic execution led by the elite Danab…

The saga surrounding Nigeria’s state-owned refineries brings to light a deeply rooted issue that extends beyond mere economics; it's a microcosm of the challenges facing the country’s oil sector. Recently, Aliko Dangote, often regarded as not just Nigeria’s richest man but a significant player in the global oil market, denounced the extensive investments made towards the revival of these refineries, labeling them a "complete waste of resources." This stark assessment raises essential questions: What does this say about…