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Semafor Africa
🟡 Semafor Africa: Space for dialogue
In this edition: AfDB warns on Iran war impact, South Africa’s $200B drive, and Nigerian-Americans want a say on Capitol Hill.
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South Africa pushes for $200B investment
For more than a decade, South Africa’s economy has barely grown, leaving it with crumbling infrastructure and the need to create jobs.
South African President Cyril Ramaphosa. Chen Wei/Xinhua via Getty Images.
Africa’s top bank warns of Iran war growth impact
A possible six-month war would hurt the continent’s already fragile prospects, the development bank said.
Raheb Homavandi/File Photo/Reuters
Campaign for African artifacts looks to AI to expedite returns
The platform helps to collate and narrativize the often-fragmented research and bureaucracy involved in the return of artifacts to Africa.
A restitution ceremony for a sacred talking drum, returned from France to Côte d’Ivoire. Bertrand Guay/AFP via Getty Images.
African banks’ revenues surpass $100B
In the five years to 2024, Africa’s banking sector outperformed every other region, according to a new McKinsey report.
Jeffrey Greenberg/Universal Images Group via Getty Images
Nigerian-Americans push to revive Caucus in Congress
The struggle to revive the caucus comes as Nigeria’s designation as a “Country of Particular Concern” test ties between Washington and Abuja.
Kent Nishimura/Reuters
South Africa cuts fuel taxes as Iran war fallout hits consumers
The move sacrifices millions of dollars in revenue for a fiscal framework only recently brought under control.
Esa Alexander/Reuters
The quiet campaign for a mining billionaire to be South Africa’s next president
Can a billionaire stabilize South Africa’s ANC?
Promised sickle cell cure could be on horizon for Africans
While treatment options for the inherited blood disease have long been available, scientists now believe that a cure for sickle cell may lie in gene-editing.
Top CAF official resigns amid AFCON backlash
The resignation came shortly after the controversial ruling by African football’s governing body that stripped Senegal of its African Cup of Nations title.
Sun King pledges to $150M to Ethiopia electrification
The Kenya-based firm, which already operates in 14 African countries, is the world’s largest off-grid solar company.
South Africa opts for low-profile new Washington envoy
Thabo Thage’s appointment as the de facto head of mission comes at a time of heightened diplomatic tension between the countries.
US-China rivalry in DR Congo escalates as Beijing signs new deal
Kinshasa and Beijing inked a new agreement covering geological data sharing, investment protections, and local processing.
Africa’s energy giants eye long-term gains on Iran war disruption
Angola, Mozambique, and Nigeria are among nations increasingly viewed by European and Asian buyers as lower-risk alternatives to disrupted supplies.
South Africa Sibanye sees limits to EU strategic status
CEO says the lithium project still faces the prospect of cheap imports that could undercut its economics.
South Africa walks back claims of US pressure following G7 invite snub
After Paris rescinded its invitation to Pretoria, a South African presidency spokesperson said it was “due to sustained pressure” from Washington.
Africa’s mobile money market hits $1.4 trillion
Sub-Saharan Africa accounted for about three-quarters of the $2.1 trillion global mobile money market in 2025, a GSMA report found.
Nigeria’s Moniepoint acquires 78% stake in Kenyan microfinance bank
Moniepoint is one of Africa’s fastest-growing financial services companies.
Iran war spurs interest in African energy
Algeria agreed to increase LNG exports to Spain, and Ukraine said it would boost gas imports from Mozambique.