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Economy

Liberia Revenue Authority Shatters Records with Historic $818 Million Domestic Collection

In a landmark achievement for Liberia's economic sovereignty, the Liberia Revenue Authority (LRA) has collected a record-breaking US$818 million in domestic revenue for 2025, surpassing its target and...

Economy

Barbados Adjusts Fuel Prices: Gasoline and Diesel Up, Kerosene and LPG Down

Barbados motorists and businesses face a mixed fuel price adjustment effective from midnight tonight, with increases for gasoline and diesel partially offset by decreases for kerosene and liquefied pe...

Tourism

Barbados Tourism Association Scrambles to House Stranded Travelers Amid Venezuela-Linked Flight Chaos

The Barbados Hotel and Tourism Association (BHTA) has launched an urgent survey of its members to identify available hotel rooms, as widespread flight cancellations linked to the situation in Venezuel...

Finance

African Development Bank Debarments Kenyan Consulting Firm for Fraud in Recruitment Process

The African Development Bank Group (AfDB) has imposed a significant 24-month debarment on Tetralink Taylor & Associates East Africa Limited, a Kenyan consulting firm, and all its affiliated entities. ...

Economy

South Africa Sees Sharp Fuel Price Cuts in January 2026, Easing Inflation Pressure

South Africa's inflation outlook for 2026 has received a significant boost with the announcement of substantial reductions in petrol, diesel, and paraffin prices effective from Wednesday, 7 January. T...

Finance

Japan and AfDB Unveil Billions in New Funding, Eye Africa's Integration into Global Supply Chains

At the Africa Investment Forum 2025 in Rabat, Japan and the African Development Bank (AfDB) announced a significant scaling of their financial partnership, targeting billions in new private capital to...

Africa

Africa's Visa Openness Gains Momentum but Political Will Lags, Landmark Report Reveals

A decade-long push for freer movement across Africa has yielded measurable progress, but significant political and procedural hurdles remain, according to the 2025 Africa Visa Openness Index (AVOI) la...

Energy

Sahel Nations Advance Solar Ambitions with Standardized IPP Protocol Training in Abidjan

A specialized training workshop on the Desert to Power Initiative's Joint Protocol for Independent Power Producers (IPPs) was held in Abidjan from December 1-3, 2025. The event, attended by officials ...

Africa

From Cobalt Mines to Classrooms: AfDB Program Rescues Thousands of Child Laborers in DRC

A groundbreaking initiative by the African Development Bank (AfDB) is transforming the lives of thousands of children in the Democratic Republic of Congo (DRC), rescuing them from hazardous work in ar...

Finance

Flutterwave Acquires Mono in $25-40M Deal to Build African Financial 'Super Stack'

In a major consolidation of Africa's financial technology infrastructure, Flutterwave, the continent's most valuable startup, has acquired open banking platform Mono in an all-stock deal valued betwee...

Technology

Africa's SaaS Potential: Why the Continent's Constraints Could Forge the Next Global Software Giants

Africa's tech ecosystem has produced fintech and mobility unicorns, but a new analysis argues the continent's unique challenges—from power cuts to multi-currency realities—are the very ingredients nee...

Finance

Nigeria's New Tax Law Empowers Banks, Fintechs as Debt Recovery Agents from 2026

Nigeria's landmark tax overhaul, the Nigeria Tax Administration Act, 2025, has taken full effect, introducing a transformative and controversial enforcement mechanism. From 2026, banks, fintechs, and ...

Finance

Caribbean Development Bank Opens $190,000 Grant Fund for Cultural Industry Events

The Caribbean Development Bank (CDB) has launched a new grant program, allocating US$190,000 to support regional conferences and events aimed at boosting the competitiveness of the Caribbean's Cultura...

Economy

Kenya Exits COMESA Sugar Safeguard After 24 Years, Declares Industry Ready for Regional Competition

Kenya has formally ended its participation in the COMESA Sugar Safeguard regime, concluding a 24-year period of trade protection and signaling a new era of open competition for its domestic sugar indu...

Business

African Regulators Raise Stakes: Compliance Now Critical for Foreign Market Entry

Across Africa's fastest-growing economies, regulatory compliance has shifted from a back-office function to a central strategic determinant of success for foreign companies. With regulators strengthen...

Business

Shareholders Laud Dangote's 'Patriotic' Investment as Refinery Cuts Fuel Prices, Eases Inflation

Shareholders in Nigeria have publicly praised Aliko Dangote, President of the Dangote Group, stating his sustained investment in the country has had a transformational impact on the economy, with visi...

Business

Barbados Conglomerate Goddard Enterprises Sees $24.3M Profit Surge Fueled by Ecuador Cocoa Unit Turnaround

Barbados-based conglomerate Goddard Enterprises Limited (GEL) has reported a significant $24.3 million increase in annual profit, largely driven by a dramatic recovery at its cocoa processing subsidia...

Politics

Barbados Grapples with Tourism and Transport Crisis Following US Military Action in Venezuela

Prime Minister Mia Amor Mottley has declared that Barbados is facing immediate and severe consequences from the United States' military intervention in Venezuela, with widespread flight cancellations,...

Business

Barbados Employers' Confederation Demands Minimum Wage Process Be Respected, Warns Against Pre-Determined Increases

The Barbados Employers' Confederation (BEC) has issued a strong public rebuke of the government's recent budget announcement, demanding that all future minimum wage adjustments be routed through the o...

Updated 2026-01-06 01:07:53 UTC • 19 articles