Here is our curated list of the Top 10 trending news stories across Africa

Mauritania’s Bid to Become an African Energy Hub

Mauritania is leveraging its substantial gas reserves to transform its agriculture-dependent economy. The Greater Tortue Ahmeyim (GTA) project, launched by BP, is expected to produce gas for at least 30 years, potentially altering global energy supply chains and boosting local economic growth. ft.com

African Continental Free Trade Area (AfCFTA) Powers Continent’s Energy Future

The AfCFTA aims to eliminate tariffs and harmonize trade laws among member countries, promoting infrastructural development in power, transportation, and telecommunications. It’s anticipated to boost Africa’s GDP significantly and increase foreign direct investment by 111% by 2035. reuters.com

South African Growth Outlook Improves Amid Inflation Risks

South Africa’s economic growth is projected to reach nearly 2% in 2025, up from 1.1% in 2024. The formation of a broad coalition government has been pivotal in this growth. However, risks such as protectionist policies and fluctuations in oil and food prices pose inflationary challenges. reuters.com

Nubank’s $150 Million Investment Elevates South Africa’s Tyme to Unicorn Status

Brazilian fintech giant Nubank plans to invest $150 million in Tyme Group, valuing the South African neobank at $1.5 billion. This investment signifies Nubank’s expansion beyond Latin America and supports Tyme’s ambition to become a leading retail bank in South Africa and Southeast Asia. ft.com

Rwanda’s Ambitious Pursuit of Hosting a Formula 1 Grand Prix

Under President Paul Kagame, Rwanda aims to host a Formula 1 Grand Prix, positioning the country as a formidable African power. Despite challenges, Rwanda’s reputation for transparency and significant investments in sports infrastructure bolster this bid. apnews.com

Sub-Saharan Africa’s Economic Growth Projections

The World Bank projects that Sub-Saharan Africa’s economic growth will surpass pre-pandemic levels by 2026. However, this growth is modest compared to other regions. Challenges such as climate shocks, political instability, and heavy debt burdens impede progress. lemonde.fr

Youth Entrepreneurs as Key to Tackling Climate Change in Africa

Empowering young African entrepreneurs is crucial for addressing climate change. Initiatives like the Tony Elumelu Foundation have supported thousands of entrepreneurs, creating jobs and generating significant revenue across the continent. time.com

Currency Crisis Forces Up Cost of Living in AfricaAs the price of basics soars, African governments are intervening to support local currencies. This situation has led to increased living costs across the continent. bbc.com

Malawi Seeks Billions of Dollars from US Firm Over Ruby Sales

Malawi is pursuing substantial sums from a US company, alleging unpaid taxes and royalties from ruby sales. The firm denies the government’s claims. bbc.com

Africa’s Big Copper Countries Set Their Sights on the Profits of Trade

Major copper-producing nations in Africa are focusing on maximizing profits from trade, aiming to boost their economies through strategic initiatives. reuters.com

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