Tony Elumelu to Step Down as UBA Chairman After 12 Years
Tony Elumelu retires as UBA chairman on 21 August after 12 years; Emmanuel Nnorom, a 40-year finance veteran, takes over...
July 9, 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.
Tony Elumelu retires as UBA chairman on 21 August after 12 years; Emmanuel Nnorom, a 40-year finance veteran, takes over...
July 9, 2026
Ivory Coast development plan drew 47,820 billion CFA francs (about US$80 billion) in pledges on day one — over four...
July 9, 2026
Ethiopia budget hits a record 2.34 trillion birr ($14.6 billion) for 2026/27, up 21.3%, with tax revenue covering two-thirds of...
July 9, 2026
Dangote jet fuel hit 466,000 tonnes shipped to Europe in June, worth $553M—overtaking the US as the region's top external...
July 8, 2026
Mnangagwa term extension becomes law: Zimbabwe's president signed a change on July 7 extending his rule to 2030 and ending...
July 8, 2026
A $753m US-backed railway from Angola to Congo shows how Washington, Africa and a Lusophone builder are racing China for...
July 8, 2026
Africa Intelligence Brief — Morocco chases the World Cup while Egypt fumes over a refereeing row, South Africa faces migrant...
July 8, 2026
Angola's Lobito rail wins fresh funding as Washington and Beijing fight for Africa's cobalt and copper. What it means for...
July 8, 2026
South Africa ranks 8th globally and first in Africa for AI outsourcing, scoring 66.5, an Ataraxis 2026 index finds, led...
July 8, 2026