Zimbabwe's cabinet has approved draft legislation proposing to amend the constitution.

The amendment seeks to extend the presidential term from five years to seven and to shift the presidential election process to parliamentary voting.

These changes could potentially allow current President Emmerson Mnangagwa to remain in power until 2030.

The proposed legislation has sparked debates regarding its implications for Zimbabwe's democratic principles.

Ghana's SEC has restricted local fund managers’ overseas investment limits to support the cedi and the macroeconomic landscape.

This policy aligns with a three-year IMF-support program aimed at addressing Ghana's recent severe economic challenges.

Investments in foreign securities have been restricted to jurisdictions with agreements for information sharing with Ghana's SEC.

The initiative is part of President Mahama's strategy to reinvest African financial resources domestically.

Africa’s future won’t be led in just one way.

Economic scale, population growth, technology, energy, and governance will all shape who sets the pace in the next decade.

By 2030, Africa will be home to one of the world’s largest and youngest workforces, and the countries that harness it best could redefine the continent’s influence.

Which country do you think will lead Africa, and in what area?

Dodai primarily manufactures and sells lithium-ion battery-powered motorcycles assembled locally in Ethiopia.

The company plans to implement battery-swapping technology to enhance affordability and convenience for users, facilitating wider adoption of electric mobility.

Sasaki has successfully attracted $7 million in investments predominantly from Japanese investors.

Venezuela holds the largest proven crude oil reserves globally at 303.221 billion barrels, surpassing African nations combined.

The Orinoco Belt is central to Venezuela's oil reserve, representing a significant 17–18% of global reserves.

Despite its reserves, Venezuela's oil production has starkly declined to an estimated 900,000–1.1 million barrels per day.

International actions and sanctions, particularly by the United States, have influenced Venezuela's oil industry and production capabilities.

Abdul Samad Rabiu pledged significant monetary rewards to the Nigerian Super Eagles for their performance in the 2025 Africa Cup of Nations and the 2026 semi-final matches.

As Nigeria's second-wealthiest man, Rabiu highlighted the national importance of the team's collective success.

The Super Eagles are set to face Morocco in the semi-final on January 14th, 2026, in Rabat.

Rabiu's continuous philanthropic actions demonstrate his commitment to national development, including education and employee welfare.

Nigeria’s equities market closed 2025 on one of its strongest notes in nearly two decades, with the NGX All-Share Index delivering a 51.19% year-to-date gain, its best performance in 18 years.

Here are the Nigerian billionaires with the highest share price gains and losses in 2025

The transaction concludes a 12-year investment journey and signifies a massive profit of $618 million for Otedola.

Femi Otedola finalized a $750 million divestment from Geregu Power Plc, marking a significant transaction in Nigeria’s power sector.

The ownership transfer to MA’AM Energy Limited occurred through restructuring and did not affect Geregu’s NGX-listed shares.

Otedola’s investment strategy transformed Geregu Power into a top-tier electricity producer contributing 10% to Nigeria’s national grid.

Ghana's cedi has achieved its first annual appreciation in over 30 years, increasing by approximately 41% in 2023.

The strength of the cedi is attributed to high gold prices, increased reserve levels, and a weakening U.S. dollar.

A new initiative, GoldBod, was launched to formalize gold production and improve economic stability in the sector.

Fiscal restraint and reduced deficit levels have played a significant role in bolstering investor confidence in Ghana.

Somaliland has rebutted claims that it engaged in a covert agreement with Israel involving military or political exchanges.

The controversy arose following Israel’s landmark recognition of Somaliland, intensifying regional political sensitivities in the Horn of Africa.

Somalia alleges that the recognition involved clandestine arrangements, which Somaliland denies.

Somaliland’s leadership has declared its commitment to diplomatic transparency.

The United States criticised South Africa for detaining and harassing US officials linked to a controversial refugee program involving white Afrikaners.

Relations between Pretoria and Washington are strained due to differing views on foreign policy and the Afrikaner refugee program.

Washington condemned the release of American officials’ personal information by South African authorities as harassment and intimidation.

The United States warned of severe consequences for failure to address these actions, increasing diplomatic tensions.