Nigeria has long relied on oil as the backbone of its economy, with petroleum exports accounting for the majority of government revenue and foreign exchange earnings. However, recent economic reforms and global market shifts have exposed the risks of this dependence, creating new pressures that have significant implications for peace
In order to bolster the nation’s financial reserves and stabilize its economy, the Bank of Uganda declared in early March 2026 that it would begin buying gold made in the country from artisanal, medium-sized, and large-scale miners through a new program. Officials anticipate buying at least 100 kilograms of gold
The World Bank and the Mozambican government agreed this week to a $6 billion finance package, one of the biggest multiyear development commitments to the nation since its debt crisis and conflict shocks. The money will be distributed over five years with the goals of promoting macroeconomic stabilization, infrastructure rehabilitation,
Recent remarks made by international mediators and Libyan political actors have once again brought attention to the nation’s ongoing institutional impasse and the ongoing lack of a workable plan for postponed national elections. Libya remains split between opposing political leaders in the east and west, more than ten years after
The government’s announcement of proposed changes to its flagship Black Economic Empowerment policy, which aims to address structural inequality, coincided with the rand’s sharp decline against a stronger U.S. dollar this week, reflecting investor unease amid mixed domestic data and global headwinds. Market reactions were swift: South Africa’s benchmark currency
This week, the Democratic Republic of the Congo, one of Africa’s most resource-rich but politically turbulent countries, took a major economic step by moving closer to issuing its first-ever international sovereign bond. Despite the continuous violence in the eastern region, where skirmishes between the military and the March 23 Movement
As part of the expanded B.R.I.C.S.+ framework, South Africa conducted “Will for Peace 2026,” a multinational naval drill comprising ships from China, Russia, Iran, the United Arab Emirates, and South Africa, last week in its territorial waters outside Cape Town. The maneuvers, according to South African authorities, were centered on
On January 9, 2026, China’s Minister of Foreign Affairs, Wang Yi, was scheduled to travel to Somalia for the first time in decades. However, the trip, which was part of Wang’s January Africa tour, was postponed. The purpose of the visit was to increase diplomatic engagement, trade cooperation, and strategic
Due to bumper harvests and rising global prices, Tunisia’s olive oil industry is on track for a significant global breakthrough. Production is predicted to surpass the output of Italy, which has historically been the world’s second-largest producer behind Spain, indicating a possible boost for the North African country’s economy as
In order to reinforce the significance of inclusive dialogue, preventive diplomacy, and community-based engagement in promoting peace, social cohesion, and regional resilience, the African Union’s Panel of the Wise held a two-day consultative roundtable in Dakar, Senegal, on December 15–16, 2025. The roundtable brought together prominent religious and traditional leaders
Tanzania’s main opposition party called for a transitional government on Dec. 11 in response to a disputed election, provoking national protests and an aggressive security crackdown. The Oct. 29 election, which banned important opposition candidates among other abuses, resulted in large arrests and a militarized presence in major cities. United
Sudan Faces Escalating Humanitarian Crisis Amid Renewed Violence The already severe humanitarian crisis in Sudan has worsened over the past few weeks as renewed waves of violence in central and western regions force thousands of civilians to flee their homes. Food, shelter, and essential services are disappearing rapidly in besieged
