World News by Wild Rose

Participants at Africa Energy Week in Cape Town are calling for greater efforts to ensure the vast resources of the African continent deliver industrial growth and provide much-needed employment as deals worth billions of dollars have already been struck at the five-day event.

Africa imports 70-80% of the medicines it consumes, and up to 95% of the active pharmaceutical ingredients needed to make them. That dependency leaves the continent exposed to every global supply chain shock, from Covid-19 to the war in Ukraine to instability in the Gulf

The International Monetary Fund now puts Kenya's 2026 economy at about US$151 billion, still seventh in Africa and about US$6 billion behind Angola. The post Kenya Economy Estimate Rises to US$151 Billion appeared first on The Rio Times.

As the International Monetary Fund prepares to release its flagship World Economic Outlook in Bangkok on Tuesday, the headline message is one of stability. But behind the forecasts, a fierce debate is unfolding over Africa’s debt burden, austerity measures and the rising cost for ordinary citizens.

Alain Ebobissé, CEO, Africa50 and Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, Republic of India discuss the policies and partnerships shaping investment in emerging economies with Bloomberg's Haslinda Amin at the 2026 Bloomberg New Economy Forum in New Delhi. (Source: Bloomberg)

Africa is rich in energy, yet hundreds of millions Africans still live without electricity, most of the world's total.

Ecobank and China's Cross-Border Interbank Payment System have signed a MOU to strengthen payment connectivity between China and Africa. It comes as the pan-African banking group opens its first office in Beijing. Jeremy Awori, Group CEO of Ecobank spoke to Bloomberg’s Chief Africa Correspondent Jennifer Zabasajja on Horizons Middle East & Africa about their agreement with China plus their operations in Senegal and the future of their Chairman. (Source: Bloomberg)

Ecobank Transnational Inc. is stepping up efforts to facilitate direct yuan payments for clients trading with China as the pan-African lender seeks to boost ties with the continent’s biggest trading partner and reduce reliance on the dollar.

Oryx Energies SA, an Africa-focused trader, was sold for around $1 billion in a management buyout, according to a source familiar with the deal.

Mauritius Commercial Bank reported an increase in net interest income for the full year that’s as geopolitical tensions are driving up oil & gas prices. Jennifer Zabasajja, Bloomberg's Chief Africa Correspondent spoke to Thierry Hebraud, CEO of Mauritius Commercial Bank on the earnings and the formation of the new Africa Credit Ratings agency. (Source: Bloomberg)

Which African industries are poised to benefit from today’s geopolitical climate? Jennifer Zabasajja has the 2026 Investor’s Guide to Africa. (Source: Bloomberg)

Sub-Saharan Africa’s economic growth will accelerate slightly this year despite headwinds from the Iran war, the World Bank said.

Corporate and trade records reveal how a web of companies exporting gold from Africa to the UAE is still prospering.

Despite the global economic slowdown, Africa is maintaining steady growth. In the second quarter of 2026, its real GDP grew by 1.6%, compared to 0.7% for the global economy.

Oil tycoon Aliko Dangote says he believes the continent will will largely supply its own refined fuel needs by 2030.

The Brics-founded New Development Bank could help launch a fund by the end of the year to guarantee cheap loans for poor families in Africa and Latin America, Brazil’s social development minister said. The scheme would be the Shanghai-based lender’s first financial commitment to Brazil’s global anti-hunger alliance, an initiative sidelined by Washington’s presidency of the G20 this year. Wellington Dias told the South China Morning Post on the sidelines of the United Nations General Assembly in...

Dangote is expanding its energy business across Africa, putting local capital and cross-border infrastructure at the centre of the continent’s refining future. South Sudan’s small businesses turn to solar as unreliable electricity grid leaves entrepreneurs facing blackouts, rising costs and lost in

Dangote Industries President and Chief Executive Aliko Dangote discusses business, investment and Africa’s economic outlook with Bloomberg's Francine Lacqua at the Qatar Economic Forum UNGA Special Edition in New York in 2026. (Source: Bloomberg)