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President Boko Honors Sir Seretse Khama’s Enduring Legacy of Unity in Botswana
President Advocate Duma Boko has commemorated Sir Seretse Khama Day, highlighting the founding president's pivotal role in fostering national unity and establishing Botswana as a democratic republic. Boko emphasized Khama's principle of prioritizing nation-building and ethnic cohesion as foundational to the country's stability and future development.
Botswana Government Forgoes P16 Billion in Potential Mining Revenue for 2025
Botswana's government is projected to miss out on approximately P16 billion in potential revenue from mining operations in 2025 due to not exercising its option to acquire equity stakes in several licensed projects. This occurs despite existing legislation enabling state ownership at the time of license issuance.
US Troop Realignment in Niger Sparks Nigerian Counterterrorism Readiness Concerns
The United States' decision to withdraw its military forces from Niger has raised significant concerns within Nigeria regarding its counterterrorism readiness, potentially impacting regional security efforts against groups like Boko Haram and ISWAP. This strategic shift necessitates a re-evaluation of Nigeria's defense capabilities and regional cooperation.
Nigeria Completes Repatriation of 801 Citizens from South Africa Amidst Regional Tensions
The Federal Government of Nigeria concluded the large-scale repatriation of 801 citizens from South Africa using Air Peace flights, addressing welfare concerns following periods of heightened diplomatic and social friction between the two African economic powers.
Shell, Nigerian Banks Launch $3 Billion Fund for Local Oil Contractors
A consortium led by Shell Petroleum Development Company of Nigeria and nine domestic banks has established a $3 billion financing initiative, Project Falcon, aimed at empowering local contractors within Nigeria's oil and gas sector and enhancing indigenous participation.
Dangote Refinery Secures $750 Million Eurobond for Debt Optimization Ahead of IPO
Dangote Refinery successfully issued its inaugural $750 million Eurobond, due in July 2031 with a 7.50% yield, marking a strategic move to optimize its debt profile ahead of a potential IPO. The bond's pricing aligns with Nigeria's sovereign curve, reflecting strong investor confidence in the company's export-oriented operations.
Relebohile Mofokeng Completes Four-Year Deal with RUSG from Orlando Pirates
South African attacking midfielder Relebohile Mofokeng has officially completed a four-year transfer to Belgian Pro League club Royale Union Saint-Gilloise (RUSG) from Orlando Pirates. The deal, reported to be worth at least R55 million (approximately USD 3.3 million), includes an option for an additional year and signifies a notable European move for the 21-year-old.
African Union Rallies Behind DRC Ebola Response; Ramaphosa in Kinshasa
South African President Cyril Ramaphosa arrived in Kinshasa for an African Union solidarity mission on Thursday, July 2, 2026, aiming to bolster continental support for the Democratic Republic of the Congo's latest Ebola outbreak response efforts. This initiative underscores Africa's commitment to coordinated public health action and regional stability.
AFC Appoints Fola Fagbule to Lead Nairobi Office, Deepening East and Central Africa Expansion from West African Base
The Africa Finance Corporation (AFC), a prominent infrastructure solutions provider headquartered in Lagos, Nigeria, has appointed Fola Fagbule as the Head of its new Nairobi office. This strategic move aims to accelerate the corporation's investment and development footprint across East and Central Africa, leveraging Nairobi as a regional hub for critical infrastructure projects.
NNPC Remits N4.86 Trillion to Federation Account Despite Upstream Profit Dip
Nigeria's national oil company, NNPC Limited, remitted N4.86 trillion to the Federation Account between January and May 2024. This significant contribution occurred despite a reported dip in profit from its upstream operations, underscoring the company's crucial role in federal government funding.