Africa
LATEST NEWS FROM AFRICA
Africa
Ethiopian Airlines revenue jumps 20%, state news agency says
State-owned Ethiopian Airlines' full-year 2025/26 revenue rose 20% from the same period a year earlier to $9.1 billion, state-run Ethiopia News Agency said on Wednesday.
Africa
South African rand tracks subdued market peers ahead of Fed interest rate decision
The South African rand was subdued in early trade on Wednesday, tracking other emerging market currencies as investors awaited the U.S. Federal Reserve's policy decision and comme...
Africa
Valterra profit leaps on higher prices, sees AI driving future platinum demand
South African miner Valterra Platinum expects AI – and the data centres required to drive it – to propel demand for platinum group metals (PGM), CEO Craig Miller said on Wednesday...
Africa
Five Kenyan security officers killed in suspected al Shabaab attack near Somalia border
Five Kenyan security officers were killed in a clash with suspected al Shabaab militants in the county of Mandera near the Somali border, police said.
Africa
US offers first funding for private ammonia project in Western Sahara
The U.S. Trade and Development Agency said on Tuesday it had agreed to fund early-stage studies for a project aimed at producing ammonia in Western Sahara, marking the first U.S....
Africa
At least 14 killed in attack in Nigeria's Benue state, local officials say
At least 14 villagers were killed and several others injured in an attack in Nigeria's Benue state on Tuesday, a local official said, extending a cycle of violence in the country...
Africa
Thousands protest in eastern Congo over any presidential third term
Thousands of people rallied in the eastern Congolese cities of Goma and Bukavu on Tuesday to protest against proposed constitutional changes that could pave the way for President...
Africa
S&P Global to buy majority stake in African ratings agency Agusto & Co
S&P Global has agreed to acquire a majority stake in pan-African ratings agency Agusto & Co, seeking to deepen its presence in Africa's domestic credit markets, it said on Tues...
Africa
Nation Media Group says it has resumed Uganda operations
Nation Media Group said on Tuesday it had resumed operations in Uganda after being ordered to shut down in late June by Uganda's military chief Muhoozi Kainerugaba, the son of Pr...
Africa
US backs Madagascar rare earths project in push to loosen China's supply chain grip
The U.S. is backing the Ampasindava rare earths project in Madagascar as part of its strategy to loosen the dominance of rivals in critical minerals supply chains, the State Depar...
Africa
S&P Global profit jumps, strikes datacenterHawk, Agusto deals
S&P Global reported a stronger second-quarter profit on Tuesday, as clients sought its ratings, indices, market intelligence and analytics products amid heightened geopolitical un...
Africa
Angola's Unitel hit by cyberattack ahead of stock market debut
Angola's largest telecoms operator, Unitel, said on Tuesday it had suffered a cyberattack that disrupted voice, mobile data and internet services nationwide, a day before the sta...
Africa
Nigeria and South Africa seek to ease tensions over xenophobic attacks
Nigeria said South Africa had agreed to bring to justice those responsible for attacks on foreign nationals, while Abuja was compiling compensation claims for losses suffered by ...
Africa
South African rand muted as firmer dollar weighs
The South African rand was subdued on Tuesday as a firmer dollar kept the risk-sensitive currency under pressure ahead of the U.S. Federal Reserve's policy decision.
Africa
Angola raises more than $300 million in oversubscribed Unitel IPO
Angola raised 300.3 billion kwanzas ($329 million) through the sale of a 15% stake in the country's biggest telecommunications operator, Unitel, after investor demand exceeded th...
Africa
IMF completes final review of Ghana lending program, unlocks $371 million
The International Monetary Fund's executive board on Monday completed the sixth and final review of Ghana's $3 billion support program, clearing the way for a final disbursement o...
Africa
Nigeria tells South Africa to curb xenophobic attacks on migrants, questions state response
Nigeria urged South Africa on Monday to do more to prevent xenophobic attacks on Nigerians and other African migrants, saying repeated violence was straining ties and raising ques...
Africa
At least 30 killed in village attack in Nigeria's Kaduna state, residents say
At least 30 people were killed when armed men attacked a village in Nigeria's northwestern Kaduna state early on Monday, two residents said.
Africa