Wayne Lumbasi Angola is moving to acquire a 20%-30% stake in De Beers, the world-renowned diamond company owned by Anglo American, signaling a strategic effort to increase its influence in the global diamond industry. The decision reflects a shift from previous ambitions for majority control, favoring a minority share that allows Angola to participate meaningfully […]
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Wayne Lumbasi A Nigerian court has ordered the United Kingdom to pay £420 million in compensation to the families of coal miners killed during a colonial-era crackdown in 1949, in a ruling that marks a significant moment in the country’s long-running quest for justice over historical abuses under British rule. The judgment, delivered by the […]
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Wayne Lumbasi Rwandan President Paul Kagame has firmly rejected accusations that Rwanda’s involvement in the eastern Democratic Republic of Congo is driven by mineral interests, declaring that such claims distort both Rwanda’s intentions and its economic reality. Speaking at the 2026 Umushyikirano National Dialogue Council in Kigali, Kagame delivered a pointed defense of Rwanda’s regional […]
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Wayne Lumbasi The Kenyan government has announced plans to exempt about 1.5 million low income earners from Pay As You Earn income tax, a move aimed at easing the cost of living and increasing disposable income for workers at the lower end of the wage scale. Under the proposal, employees earning up to KSh 30,000 […]
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Wayne Lumbasi Nigeria’s state oil company is in talks with a Chinese firm as part of a renewed effort to revive the country’s long-struggling refineries, signaling a shift in strategy after decades of failed rehabilitation attempts in the downstream oil sector. The discussions focus on bringing in a Chinese petrochemical operator with experience in refinery […]
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Wayne Lumbasi Ethiopia has firmly rejected claims by U.S. President Donald Trump that the United States financed its colossal Nile River project, the Grand Ethiopian Renaissance Dam (GERD). Speaking to parliament, Prime Minister Abiy Ahmed emphasized that the dam, Africa’s largest hydropower project, was built entirely with Ethiopian resources, with no foreign loans or aid […]
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Wayne Lumbasi Somaliland is moving closer to a trade and investment agreement with Israel that could open access to key mineral resources, including lithium and other materials vital to global technology and energy supply chains. The effort follows Israel’s decision in December 2025 to formally recognise Somaliland’s independence, a move that broke with decades of […]
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Wayne Lumbasi The Jacob Zuma Foundation has strongly rejected recent reports linking former South African President Jacob Zuma to convicted financier Jeffrey Epstein, calling the coverage a deliberate smear campaign aimed at damaging the former president’s reputation. The controversy follows the recent release of thousands of court documents in the United States related to Epstein’s […]
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Wayne Lumbasi Ghana’s President John Dramani Mahama has been named among the five most influential figures shaping global development, securing fifth place on the 2026 Devex Power 50 list, a widely respected ranking that tracks the individuals redefining how development policy, finance and partnerships are evolving worldwide. The annual list, compiled by international development media […]
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Wayne Lumbasi Iran has formally designated the armed forces of European Union member states as “terrorist groups”, sharply escalating an already tense standoff with Europe following the EU’s decision to blacklist Iran’s Islamic Revolutionary Guard Corps (IRGC). The move marks one of the most serious diplomatic confrontations between Iran and European governments in recent years. […]
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