Business and Finance

In the verdant landscapes of Rwanda's southern province, the air hums with the excitement of newfound possibilities. Recent discoveries of lithium deposits have ignited the hopes of mining companies, elevating the nation into the spotlight of global mining ventures. After months of meticulous drilling, the preliminary results unveiled what experts refer to as a "high-grade lithium" presence, creating buzz not only among investors but also within various industries. Aterian Plc, one of the key players in this exploration…

Activists are rallying for a stay-at-home strike as they gear up for their next protest concerning escalating fuel and transportation costs. Tensions flared recently when protesters in Luanda faced police intervention, with rubber bullets and tear gas leaving several injured and prompting numerous arrests. On the ground, hundreds of demonstrators from diverse backgrounds came together: taxi drivers, students, street vendors, and passionate members of civil society. United by shared grievances, they marched peacefully…

In a significant turn of events, Uganda has officially reopened its border points with the Democratic Republic of Congo (DRC), specifically at Bunagana and Mupaka. This development comes after a troubling four-year hiatus imposed by geopolitical tensions. The closing of these vital passageways in late January followed the M23 rebel group’s takeover of Goma, the heart of North Kivu Province. Such a disruption cast a long shadow over the region. Bunagana stands at the frontline of economic interaction, resting cheek-by-jowl…

During a recent meeting at the White House, President Donald Trump commended Liberian President Joseph Boakai for his remarkable command of the English language. This encounter, which also included leaders from five other African nations, showcased a moment of genuine appreciation. Trump expressed admiration, even inquiring about how Boakai honed his impressive language skills. Yet, beneath this seemingly innocent praise lies a deeper narrative that deserves scrutiny. Critics swiftly seized upon this incident, interpreting…

In a remarkable turn of events, mixed communications have emerged from both the government of Liberia and the U.S. Embassy in Monrovia following the announcement of a staggering U.S.$1.8 billion deal with Ivanhoe Atlantic, a subsidiary of the prominent U.S. mining company High Power Exploration (HPX). On July 7, the embassy expressed optimism, asserting that the agreement could significantly bolster Liberia's economy. But how firm is that optimism? Just days later, Mines and Energy Minister Wilmont Paye cast a shadow over…

President Cyril Ramaphosa has taken a firm stance against the recently imposed 30% tariff by U.S. President Donald Trump. He characterizes this decision as a "unilateral" action that lacks solid backing from trade data. Announced to take effect on August 1, this tariff highlights a peculiar dynamic, as South Africa is the only sub-Saharan nation singled out in Trump's proclamation. This distinction underscores a complicated and often strained relationship between the two leaders. In a letter addressed to Ramaphosa, Trump…

Next week promises to be a pivotal moment in international relations as U.S. President Donald Trump embarks on his first significant diplomatic initiative focused on Africa since re-entering the political arena. A summit of this magnitude raises important questions: What will be the outcome of these discussions? What implications will this gathering have on U.S.-Africa relations moving forward? The meeting is set to convene five esteemed African leaders: President Joseph Nyuma Boakai of Liberia, President Bassirou Diomaye…

The 2025 U.S.-Africa Business Summit in Luanda provided a remarkable platform for transformative dialogue and strategic engagements that are poised to redefine economic partnerships between the United States and Africa. This gathering was nothing short of historic, as it brought together an unprecedented number of Heads of State and Government. Twelve leaders—among them Presidents and Prime Ministers from various African nations—graced the summit, amplifying its significance. This summit wasn’t just marked by the…

The 2025 U.S.-Africa Business Summit, held in Luanda, served as a pivotal platform to unveil ambitious initiatives, with a staggering $2.5 billion earmarked for projects across Angola, the Democratic Republic of the Congo, Ethiopia, Sierra Leone, and Rwanda. In a post-summit statement, the State Department articulated that this monumental gathering aimed not only to cement key agreements but also to foster an environment conducive to enhancing U.S. exports and investments in Africa. The overarching goal? To champion mutual…

In the throbbing heart of Africa's economic evolution lies the African Continental Free Trade Area (AfCFTA), a monumental venture aiming to redefine the continent’s trade dynamics. Yet, as with any ambitious initiative, the path forward is strewn with both opportunities and obstacles. Among these challenges, the security of ports emerges as a critical focal point, given that a staggering 80% of Africa's trade transits by sea. How can nations truly thrive if the vessels carrying their dreams are vulnerable to theft and…