South Africa’s Finance Minister, Enoch Godongwana, has dismissed U.S. President Donald Trump’s claims of a “genocide” against White Afrikaners as false and inflammatory. Speaking during his medium-term budget update on Wednesday, Godongwana said South Africa has been “falsely accused of genocide against its white community and threatened with sanctions based on lies.” His comment comes …
South Sudan’s President, Salva Kiir, has dismissed one of his five vice presidents, Benjamin Bol Mel, in a sweeping government shake-up that also saw the removal of top financial officials. Bol Mel, who was appointed in February and widely believed to be Kiir’s preferred successor, was relieved of his duties without an official explanation. He …
Libyan authorities have deported 80 Nigerians held in various detention facilities across the country, as part of efforts to curb irregular migration and reduce overcrowding in holding centers. The Department for Combating Illegal Migration (DCIM), in coordination with the Nigerian Consulate in Tripoli, facilitated the repatriation via Mitiga International Airport on Wednesday. According to Migrant …
Tens of thousands of Africans have returned to their home countries through the International Organization for Migration’s (IOM) voluntary return programme, funded by the European Union to deter migration before reaching Europe. The programme covers return flights and promises follow-up assistance. But many returnees say the support has fallen short. Twenty-year-old Kabinet Kante, who dreamed …
Post-election protests have brought Douala, Cameroon's economic capital, to a near standstill. Shops remain shuttered, markets are empty, transport services are disrupted, and the rising cost of basic goods is squeezing households already struggling with high inflation. Economists estimate the city is losing over 10 billion CFA francs (about €15 million) daily due to business …
The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
Africa’s next economic revolution may not come from its oil wells, gold mines, or farmlands but from trust, transparency, and technology. A new survey by Co-Develop, released on the sidelines of the Global Digital Public Infrastructure (DPI) Summit 2025 in Cape Town, has revealed a groundbreaking trend. Across six African countries, citizens overwhelmingly believe that …
The Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) has cautioned Nigeria and other countries recently removed from the Financial Action Task Force (FATF) grey list against complacency, urging them to sustain their reforms and strengthen anti-money laundering and counter-terrorist financing frameworks. GIABA Director General, Mr Edwin W. Harris Jr, gave the warning …
Despite a dramatic threat from US President Donald Trump to launch military action against Nigeria over alleged Christian persecution, the country’s economy remains remarkably stable, reflecting resilience amid geopolitical tensions. Data from key economic activities as monitored by Pinnacle daily highlight a robust economic outlook, showcasing the Nigerian economy’s ability to weather external challenges. Trump's …
Mali’s military ruler, General Assimi Goita, has addressed the nation for the first time regarding the ongoing fuel crisis, warning of deadly risks faced by citizens and tanker drivers amid a blockade by a jihadi group. Speaking early this week during a visit to Bougouni in southern Mali to inaugurate a lithium mine, Goita said, …
