Your curated selection of weekly Africa business and investment headlines.
Welcome to Afrika Vantage, your insider's guide to investing and doing business on the African continent. Stay informed about the Lobito Corridor with our "Thoughts on the Corridor" section, and keep up with general business trends across Africa through "Afrika Vantage."
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Headlines
📸 Is Africa’s Natural Resources Wealth Overstated?
📸 Foreign Travel Drops 60% in Lagos & Abuja Airports in 2024
🎦 Ghana’s Floating Solar Panels
Africa
📰 Where the Trump Administration Should Focus Vis-A-Vis Africa Policy and the Lobito Corridor
Focusing solely on railway infrastructure and bringing things in and out of Africa is thinking small. The Corridor should support mineral and agriculture processing, real estate, and more to create a diversified economic corridor.… Read More
📰 Dangote Group Launches Africa’s Largest Tomato Processing Facility in Nigeria
Each year, Nigeria spends USD 360 million importing about 300,000 tons of tomato paste from abroad.“This factory not only meets domestic demand but sets a benchmark for what Nigerian agriculture can achieve,” Dangote said at the factory’s unveiling ceremony.… Read More
📸 Is Africa’s Natural Resources Wealth Overstated?
📰 Resolute Mining Shares Plunge After CEO Detained in Mali
Shares in the Australian gold miner plunged more than 30% last Monday after the CEO Terry Holohan and two other employees were unexpectedly detained in Mali. Mali is Africa’s third-largest gold producer and its Junto government is pressuring mining companies to renegotiate agreements with the government. Last month, four Barricks employees were briefly jailed in a similar manner… Read More
📰 A Rejuvenated Railway Could Change How Minerals Move in Africa – and Globally
CNN’s take on why the Lobito Corridor matters… Read More
📸 Foreign Travel Drops 60% in Lagos & Abuja Airports in 2024
📰 AGOA Expires in 2025 -- AGOA, AGOING, AGONER?
Beyond the U.S. increasingly seeking to boost its domestic manufacturing, there's a growing preference for bilateral trade agreements that allow nations to negotiate terms more suited to their mutual interests.… Read More
📰 Rand to Gain in 2025 While Naira Faces More Pain, According to Ebury
The Longdon firm sees four of the seven African currencies it monitors holding firm in 2025, with the other three losing ground:
🔮 South Africa's Rand up 5%
🔮 Ghana's Cedi down 19%
🔮 Angola's Kwanza down 8%
🔮 Nigeria's Naira down 2.4%
🔮 Kenya's Shilling unchanged
🔮 Zambia's Kwacha unchanged
📸 Donald Trump’s Youngest Daughter is Married to a Nigerian
Tiffany Trump lives part-time in Nigeria at Banana Island with her Lebanese-Nigerian husband, Michael Boulous. Michael’s family made its wealth as the sole importer of Suzuki vehicles in Nigeria but now has a diversified portfolio of businesses in West Africa… Read More
🎦 Ghana’s Floating Solar Panels
The installation is the first of its kind in West Africa. Power is gained from below and above the water. Water panels can be positioned closer together taking up less space.
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