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Tunisia misses out on Africa’s top 20 banks list

The 2025 ranking of African banks by Tier 1 capital confirms a well-established continental hierarchy, with South Africa, Egypt, Morocco, Algeria, and Nigeria dominating the top positions. Tunisia was absent. According to the latest data, the threshold for inclusion in the Top 20 now stands at approximately $2 billion in Tier 1 capital. Tunisia’s largest […]

Resource curse: more Africa countries could benefit from China’s new tariff-free policy

China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]

Akon inks agreement with Senegal to build ‘real-life Wakanda’

US hip-hop star Akon has finally signed the agreement for Akon City to be built in Senegal, the artist said in a tweet. In 2018, the 42-year-old singer has announced plans to build a “real-life Wakanda” — a reference to the fictional land of Wakanda in Marvel’s Black Panther –, on the back of his […]