Liberia charges former vice president Jewel Howard-Taylor in drug trafficking probe

Liberia has charged former Vice President Jewel Howard-Taylor with drug trafficking, money laundering and other offences as part of an investigation into an alleged transnational narcotics network, the government said on Wednesday.

Howard-Taylor was stopped while attempting to leave Liberia at Roberts International Airport and taken to t...

Dangote offers East African governments stake in planned $16 billion Kenya refinery

Nigerian billionaire Aliko Dangote has offered Kenya, Ethiopia and Rwanda a combined stake of up to 30% in a planned oil refinery in Lamu, as he seeks regional backing for a project that could reshape fuel supply across East Africa.

Kenya is considering a 10% stake worth about $500 million, while Ethiopia and Rwanda have also expressed i...

Nigeria launches 2027 presidential campaign as opposition remains divided

Nigeria officially began campaigning for the 2027 presidential election on Wednesday, August 19, opening a contest in which President Bola Tinubu is seeking a second term while opposition parties struggle to unite behind a single challenger.

The presidential election is scheduled for January 16, 2027. Tinubu, who is running under the rul...

South Africa’s Ramaphosa calls for regional action on migration

South African President Cyril Ramaphosa has called for a coordinated regional response to migration as concerns over undocumented immigration and tensions involving foreign nationals intensify in South Africa.

Speaking at the 46th Southern African Development Community (SADC) summit in Durban, Ramaphosa said the migration challenge was c...

Ghana: India’s Ramky Group plans up to $2 billion investment over five years

India’s Ramky Group plans to invest up to $2 billion in Ghana over the next five years, as the country seeks to attract more manufacturing and value-added industries.

The proposed investment includes the development of a large industrial park of about 2,000 acres, equivalent to roughly 800 hectares, with activities spanning pharmac...

Nigeria mobilises $1 billion to boost domestic sugar production

Nigeria is mobilising an investment pipeline of about $1 billion to accelerate domestic sugar production and reduce its dependence on imports, the National Sugar Development Council (NSDC) said. The initiative is anchored by a $1 billion engineering, procurement and construction-plus-finance partnership with China’s SINOMACH, alongside a ₦...

EBID approves $150 million credit line for Ghana road and bridge projects

The ECOWAS Bank for Investment and Development (EBID) has approved a $150 million credit facility for Maripoma Enterprise Limited to finance eight road and bridge projects in Ghana, as part of an infrastructure portfolio estimated at about $1.2 billion.

The financing is expected to support the development of transport infrastructure aime...

Ghana says it will not reimburse South Africa for evacuation costs

Ghana has rejected any suggestion that it could be asked to reimburse South Africa for the evacuation of Ghanaian nationals, saying it fully financed the operation with support from Ghanaian partners.

The Ministry of Foreign Affairs said more than 1,600 Ghanaians had been evacuated from South Africa since May 2026 following recent xenoph...

Nigeria’s Tinubu plans NNPC listing as stock market value reaches N160 trillion

President Bola Ahmed Tinubu has announced plans to reform and eventually list Nigerian National Petroleum Company Limited (NNPC Ltd.) on the Nigerian Exchange, as his administration seeks to deepen the country’s capital market and mobilize more private investment.

Tinubu made the announcement on August 6, 2026, during a meeting wit...

Ghana’s tourism sector attracts 1.3 million international visitors in 2025

Ghana welcomed 1.3 million international tourists in 2025, as the country’s tourism sector continued to expand despite a decline in tourism receipts.

The country recorded 1,306,962 international tourist arrivals in 2025, up 1.4% from the 1,288,804 visitors recorded in 2024, according to the Ghana Tourism Authority.

However,...

Nigeria tightens cryptocurrency tax rules as authorities seek to boost revenue

Nigeria is tightening its tax framework for cryptocurrency and other virtual assets as authorities seek to bring more digital-asset activity into the formal tax system and increase government revenue.

Under the country’s new tax framework, which took effect in January 2026, businesses involved in virtual-asset activities, including...

Nigeria targets 3 million barrels per day oil output by 2030 with $50 billion investment push

Nigeria is aiming to raise its crude oil production capacity to 3 million barrels per day (bpd) by 2030, backed by up to $50 billion in planned offshore investments and a renewed push to accelerate major oil and gas projects, government officials said. Africa’s largest oil producer is seeking to reverse years of declining output caused by...