A Council That Didn’t Exist Got US$975,000 in Nigeria’s Budget
Nigeria's Budget Office let a council that never legally existed into the 2026 budget with N1.3 billion (about US$975,000) attached,...
August 27, 2026Africa’s capital markets are deepening fast – from the Johannesburg, Nairobi and Lagos exchanges to a fintech boom banking hundreds of millions of people for the first time. The Rio Times follows the currencies (the rand, naira, cedi and shilling), the banks and IPOs, sovereign debt and the foreign capital arriving on increasingly local terms. We cover it through the same investor lens we bring to Latin America, where the emerging-market playbook is strikingly similar. This hub gathers our Africa markets and investment coverage.
Nigeria's Budget Office let a council that never legally existed into the 2026 budget with N1.3 billion (about US$975,000) attached,...
August 27, 2026
Mozambique approved the operating rules for its new development bank on 25 August 2026, the last step before a 32...
August 27, 2026
Malawi's NOCMA wired US$403,605 to fraudsters after forged emails changed a supplier's bank details. Two senior officials have been arrested.
August 27, 2026
Nigeria petroleum exports rose from 46,000 barrels a day in 2023 to 350,000 in the second quarter of 2026, US...
August 27, 2026
The Tarkwa lease expires in April 2027 and Ghana has ruled out automatic renewal. Gold Fields says it would consider...
August 27, 2026
A Libya ICC trial will proceed after judges confirmed 17 charges over Mitiga prison, the first case from the 2011...
August 27, 2026
Africa Intelligence Brief for August 26: Ramaphosa vows arrests, gunmen hit four Niger state villages, and gold miners double their...
August 26, 2026
The Tanzania vice president, Emmanuel Nchimbi, resigns on 4 September, saying he promised to step aside whenever the president wanted...
August 26, 2026
The Venus oil project in Namibia needs a decision before 2027, TotalEnergies says, warning contractor tenders will expire or cost...
August 26, 2026