Zimbabwe has announced an immediate freeze on exports of all raw minerals and lithium concentrate, tightening state control over resources critical to global clean-energy and defense industries. Government Statement Mines Minister Polite Kambamura confirmed the ban in a statement on Wednesday, stressing that the measure was taken in the national…
Guaranty Trust Bank (GT Bank) Kenya has confirmed it has filed an appeal with the Competition Tribunal, challenging a decision by the Competition Authority of Kenya (CAK) that imposed financial penalties and ordered customer refunds. Bank’s Position In a statement, GT Bank said the matter is now sub judice, making…
The World Bank announced on Monday, February 23, 2026, that it aims to provide $6 billion in mostly concessional financing to Mozambique over the next five years. The funding is designed to support public investment projects as the Southern African nation grapples with strained public finances and recent IMF warnings…
The Competition Authority of Kenya (CAK) has directed Guaranty Trust Bank Kenya Limited (GT Bank) to pay a penalty of Ksh. 33,180,000 and refund Ksh. 13,211,285 to its customer ASL Limited, following findings of false representation and unconscionable conduct. Background of the Complaint The probe began after ASL lodged a…
The Government of Kenya has called on the country’s business community to take full advantage of the upcoming East African Business and Investment Summit, scheduled for February 24–25, 2026. Summit Objectives Speaking at a press conference, Government Spokesperson Isaac Mwaura said the summit will bring together policymakers, business leaders from…
The International Monetary Fund (IMF) has approved approximately $91 million in funding for Niger, with a focus on supporting climate resilience and sustainable development. Economic Outlook Following its latest program review, the IMF projected Niger’s economic growth to remain strong, reaching 6.7% in 2026. The funding aims to stabilize the…
The head of Niger’s military junta, General Abdourahamane Tiani, has declared the start of a “new dynamic” with Algeria following talks in Algiers with President Abdelmadjid Tebboune. End of Diplomatic Chill Tebboune described the meeting as marking the end of “an abnormal period of chilliness” between the two nations. Relations…
Kenya’s Prime Cabinet Secretary Musalia Mudavadi hosted Egyptian Foreign Affairs Minister Badr Abdelatty in Nairobi on Monday, with both sides reaffirming their commitment to deepen bilateral relations, trade, and investment cooperation. Water Cooperation and the Nile Basin Discussions touched on the pressing issue of water scarcity, with Mudavadi emphasizing Kenya’s…
OpenAI has announced the hiring of Austrian researcher Peter Steinberger, the creator of OpenClaw, an artificial intelligence tool designed to execute real-world tasks. CEO Sam Altman confirmed the move on Sunday, describing Steinberger as “a genius with a lot of amazing ideas about the future of very smart agents interacting…
Italian Prime Minister Giorgia Meloni arrived in Addis Ababa on Friday to attend the second Italy-Africa Summit the first to be hosted on African soil. The gathering underscores Rome’s strategic shift toward investment-driven partnerships with the continent under its Mattei Plan. Italy’s Commitment Beyond Migration Addressing dozens of African leaders,…