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Intelligence for the New World Economy

D.C.
BXL
Lagos

Riyadh
Beijing
SG

Intelligence for the New World Economy

Semafor World Economy

Yinka Adegoke

Yinka Adegoke

Editor, Semafor Africa

Yinka Adegoke is the Africa editor of Semafor. He was previously the Editor for Strategic Initiatives at Rest of World, and before that was the founding editor of Quartz Africa.

Middle East crisis risks upending burgeoning Gulf-Africa ties

African governments have increasingly relied on Gulf nations — over Washington or Beijing — as sources of capital.

Dubai, UAE.

Africa braces for Middle East conflict fallout on fuel

A jump in oil prices offered short-term fiscal relief for African crude producers while raising inflation risks for the continent’s fuel importers.

A petrol tanker drives out of the Dangote Petroleum Refinery headquarters gate in Ibeju-Lekki, Lagos.

How the Russia-Ukraine war came to Africa

Ukraine has said roughly 1,400 Africans from nearly 40 countries are fighting on the Russian side, though experts believe the numbers are higher.

Family members hold pictures of their loved ones who died fighting for Russia.

Relief, but no reset: South Africa recalibrates after US tariff ruling

Pretoria previously faced the highest tariff rate on the continent.

The MSC container ship is docked while a truck drives past containers at the Durban Harbour.

US spends $1M per deportee to African nations

Africa has become central to the administration’s deportations strategy, which has the stated aim of expelling “millions of illegal migrants.”

Undocumented immigrants wait to be loaded onto an Immigration and Customs Enforcement (ICE) charter jet in Arizona, US.

South African telecoms giant MTN acquires IHS Towers

IHS, which was founded in Lagos, operates nearly 29,000 towers across key MTN markets including Cameroon, Côte d’Ivoire, Ghana, Nigeria, and Rwanda.

Siphiwe Sibeko/Reuters

Zimbabwe moves to scrap direct presidential elections and extend term limits

The changes could keep President Emmerson Mnangagwa, 83, in office until 2030, two years beyond the end of his current term.

Rethinking US-Africa supply chains

Washington held its inaugural critical minerals summit this week, bringing together officials from 54 countries, including several from Africa.

DRC president courts US investment in critical minerals

Speaking at a US Chamber of Commerce event, Félix Tshisekedi said DR Congo was a “strategic partner” in Washington’s push to secure supply chains.

MTN targets fintech acquisitions, East Africa push: CEO

Africa’s biggest telecom group is focusing on growth rather than financial exits.

Trump advisers refine their Africa strategy

A State Department official told Semafor that “priority” areas, like critical minerals, will receive the strongest focus.

US courts African minerals giants as China rivalry escalates

The summit marks the White House’s latest attempt to build a counterweight to China’s dominance of African mineral supply chains.

How West Africa’s medieval Gold Road shows a path for free trade

Three great West African empires laid the foundation of some of the earliest global trade routes in history.

Gates Foundation and OpenAI launch $50M AI health program in Africa

Horizon1000 will begin operations in Rwanda.

Jobs creation must be top of African leaders’ agenda

Africa will experience the fastest labor-force growth of any region in the decades ahead.

Absa executive calls for more banking partnerships to meet infrastructure goals

The era of individual banks single-handedly underwriting large projects is effectively over, said Charles Russon.

South Africa’s AGOA uncertainty still looms

Analysts are uncertain if South Africa will remain eligible for the preferential trade pact after the bill makes its way through the Senate.

The ‘single story’ of African credit ratings

African credit rating agencies say the “Big Three” overestimate the risk of sovereign debt on the continent because they lack a deep understanding of its economies.