Business and Finance

In a significant shakeup within Nigeria's petroleum regulatory landscape, President Bola Tinubu has replaced the heads of two pivotal agencies following the resignation of their chief executives. The changes affect the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), marking a notable turn in the country’s oil and gas governance. The resignations of Farouk Ahmed, head of NMDPRA, and Gbenga Komolafe, head of NUPRC, come in the wake…

Congolese Electoral Commission Urges Voter Verification Ahead of 2026 Presidential Election The electoral commission in the Republic of Congo is urging registered voters to verify their names on the provisional voter's roll in preparation for the upcoming presidential elections. This call to action is accompanied by banners displayed throughout Brazzaville, highlighting the critical nature of this verification process. As the nation gears up for the 2026 presidential election, President Denis Sassou Nguesso, now 81 years…

Malawi is facing an acute sugar shortage that has pushed traders and consumers to camp outside distribution sites overnight in hopes of securing supplies, heightening public anger and putting pressure on President Peter Mutharika’s administration to act. Traders outside the offices of the principal sugar distributor in the central town of Nkhotakota say long lines and overnight vigils have become routine as supplies run low. Some vendors accused big businesses of hoarding sugar to force an artificial shortfall that drives…

Lawmakers Warn of Risks to Draft 2026 National Budget Targets Lawmakers are raising alarms about the ambitious US$1.2 billion target of the Draft 2026 National Budget, insisting that without key reforms, these goals remain at risk of being unmet. This budget, the largest proposed under President Joseph Nyuma Boakai's administration, signifies a bold expansion in government spending. It emphasizes funding for social projects, civil service restructuring, infrastructure investment, and governance reforms. However, lawmakers…

Lobito Corridor, the multimodal transport link from Angola’s Atlantic port to Central Africa’s mineral belts, has been paraded at this week’s 7th African Union–European Union Summit in Luanda as a flagship sign of renewed partnership between Europe and Africa. Western capitals and sympathetic media have billed the corridor as a strategic answer to China’s expanding footprint on the continent. But in a stinging appraisal published in Maka Angola, journalist Rafael Marques de Morais urges a different reading: the corridor, he…

The Zimbabwe Human Rights Commission warned this week that technology‑facilitated gender‑based violence (TFGBV) is moving from the margins into the mainstream, forcing many women and girls to silence themselves online and offline. The statement, released to mark the International Day for the Elimination of Violence Against Women, said that journalists, activists, politicians and young women in Zimbabwe are among the most affected and urged stronger enforcement of existing laws. "Women and girls are increasingly…

President Cyril Ramaphosa on Monday praised South Africans for their unity and hospitality after Pretoria successfully hosted the G20 Leaders' Summit — the first time the gathering was held on African soil — and more than 130 related meetings. In a nationally broadcast address, Ramaphosa expressed gratitude to citizens whose cooperation, he said, helped South Africa present a “People’s G20” to visiting heads of state and delegations. He said global leaders had commended the country’s warm welcome and the spirit of ubuntu…

Africa Investment Forum Market Days opened Wednesday with government leaders and development experts urging expanded private‑sector participation, innovative financing solutions and accelerated policy reforms to unlock the continent’s economic potential. Speakers at the 2025 Africa Investment Forum (AIF) Market Days emphasized that private capital, new financing instruments and faster regulatory change are central to closing investment gaps across energy, infrastructure, agribusiness and manufacturing. Delegates described…

Nestlé Denies Claims of High Sugar Content in African Baby Foods Nestlé has firmly denied allegations that its baby food products sold across Africa contain higher levels of added sugar compared to those marketed in Europe. This response comes in light of a report indicating that over 90% of its Cerelac baby food products available in 20 African nations reportedly contain added sugars, often exceeding levels found in similar products sold in Europe. Despite the availability of sugar-free versions in European markets, the…

Europe-Africa Summit: Leaders Seek Revitalized Partnership Amid Global Challenges Scores of African and European leaders are gathered in Luanda, the capital of Angola, for the seventh edition of the Europe-Africa Summit. This year's summit arrives at a critical juncture, characterized by "fraying" relations between these historic trading partners, as the influence of Russia, China, and the United States continues to expand across the region. Experts emphasize the necessity of re-evaluating the relationship between Europe…