UBA fraud losses drop 45% despite more attempts in 2025 Electronic fraud down 57%; forged checks still fully successful Profit after tax up 6%, equity rises to NGN4.22 trillion The pan-African banking group United Bank for Africa (UBA) saw its financial losses from fraud drop by 45.35% in the first half of 2025. According to its half-yearly report, these losses fell to 288 million naira...

Angola to reopen modernized Sacomar and Moçâmedes terminals $600M project boosts mineral exports, container cargo handling Part of regional logistics push linking DRC, Zambia to Atlantic Angola's Ministry of Transport has announced the upcoming reopening of the Sacomar mining terminal and the container terminal at the commercial port of Moçâmedes, located in the southwestern Namibe...

DRC begins major upgrade of flood-prone Moba port Project includes quays, breakwater, logistics platform, road links Aims to revive regional trade, cut transport costs, boost economy The modernization of Moba's port in the Democratic Republic of Congo began on Thursday, with Prime Minister Judith Suminwa Tuluka and Minister of Infrastructure and Public Works John Banza Lunda in...

Geneva donates 200 buses to Tunis, starting 2026 Tunis ordered 300 more buses amid ridership decline in 2024 Partnership aims to modernize transport, boost clean energy transition Geneva's public transport company, Transports publics genevois (TPG), has donated 200 thermal buses to Tunis' transport company, Société des transports de Tunis (Transtu), as part of its program to replace its...

International employers hiring full-time remote workers from Africa are primarily motivated by three factors: access to a large pool of digitally native talent, high language proficiency, and competitive salaries that result in substantial savings compared to Western labor markets. 62.9% of international companies are hiring remote workers from Africa, particularly in the information and...

Ghana’s sovereign bonds lead global EM peers, with the S&P Ghana Sovereign Bond Index up 68.4% YTD and nearly 79% over one year. Inflation eased to 11.5% in August, policy rates fell to 21.5%, and reserves reached $10.7B, driving bond market gains. The cedi slid 7.5% to 12.27/$ in September, cutting foreign returns to ~50–55% despite strong local performance. Ghana’s...

Mauritius faces deeper turmoil as PM Ramgoolam asks central bank governor Rama Krishna Sithanen to resign after weeks of tensions. The S&P Mauritius Sovereign Bond Index shows modest gains (+1.6% YTD, +2.4% over 1 year), reflecting stability amid political crisis. Compared to Kenya (+33% 1yr), Egypt (+27% 1yr) and Ghana (+79% 1yr), Mauritius offers lower returns but steadier bond...

Google offers free AI Pro to students in 8 African nations, raising hopes for skills but also concerns over data use. Weak regulation could turn Africa into a low-cost testing ground for global AI tools. Benefits for students are real, yet risks of dependency, IP loss and hidden costs remain. On September 18, 2025, Google unveiled a headline-grabbing initiative: one year of free access to...

Shenghe takes full control of Ngualla, buying Peak Rare Earths for A$195m and securing 100% of future output. China tightens grip on NdPr supply, undercutting Western diversification plans as global demand from EVs and wind ramps up. Tanzania gains equity and royalties, but local job creation and value capture remain uncertain under Shenghe’s ownership. Chinese miner Shenghe Resources...

Cameroon’s $4.94B alcohol market faces risks as up to $2B flows through informal, unsafe channels. Study finds 32% of drinks exceed EU methanol limits; 16% lack basic labeling, raising health concerns. Weak enforcement undermines safety, revenues, and export potential under stricter AfCFTA markets. Cameroon’s alcoholic beverages market is projected to reach nearly US$4.94...