- The World Bank is poised to disburse Nigeria a $2.5 billion loan as soon as possible. The nation expects to get the loan shortly after its approval, which could be as soon as June. Given the country's economic struggles throughout the last year, this loan is meant to help it with its recovery…
- Mali's leadership has proposed postponing democratic elections for three years and extending the tenure of military leader Assimi Goita. This move would allow him to stay in power and potentially run for president in the upcoming election.
- In an enlightening interview, Adrian Fielding, Director of the AFRICA CEO FORUM, delves into the forum's vision and strategic initiatives designed to reshape Africa’s economic landscape. With extensive experience in strategy and communications and a deep understanding of the intricacies of African…
- Prince Harry and Meghan have arrived in Nigeria on Friday for their three-day private tour. They will meet with wounded soldiers and visit local charities. Upon their arrival, the Duke and Duchess of Sussex attended their first engagement, an event hosted at a school in the Nigerian capital, Abuja.
- Ghana's Vice President, Dr. Mahamudu Bawumia, has said that the next phase of Ghana's digitization initiative is to establish itself as the first blockchain-powered government in Africa, to combat corruption.
- Despite the crucial necessity of press freedom, African journalists encounter several hurdles as they seek the truth and responsibility. Threats of violence, intimidation, censorship, and legal repercussions are much too widespread, restricting media professionals' capacity to function freely and…
- With vast distances between countries and cities, coupled with limited road and rail infrastructure, and challenging terrain, airlines have proliferated the mobility sector in Africa.
- The International Monetary Fund has reaffirmed its growth projection of 3.3% for Nigeria's economy in 2024, compared to 2.9% last year. This forecast reflects improvements in the services and trade sectors.
- The International Monetary Fund has reaffirmed its growth projection of 3.3% for Nigeria's economy in 2024, compared to 2.9% last year. This forecast reflects improvements in the services and trade sectors.
- Egypt's foreign debt increased by $3.5 billion in the three months leading up to the end of December, according to the central bank data released on Thursday.
- The United States intends to establish its military presence in coastal West Africa. This is despite its almost futile and continuous effort to maintain its influence in said West African countries. Niger is one such country that has shunned US military ties in favor of Russian collaboration.
- An Italian firm is looking to harness Kenya’s biogas. The company intends to establish a biogas facility that will use trash dumps from five large landfills across the country to generate energy for households. This idea is coming from an energy company that has existed in Kenya for decades.
- The rift between the West and the Junta governments in West Africa continues to widen with each passing day. The situation with Niger and the United States reflects this growing tension. Additionally, the soured relationship between France and Mali highlights the region’s frustration with Western…
- The Nigerian government has denied allegations of soliciting bribes from Binance amidst tax evasion and money laundering charges against the cryptocurrency platform.
- Authorities in Zimbabwe have decided to take more drastic measures against corruption to reduce the losses the nation experiences every year. The country has decided to crack down on assets illegally obtained and hidden outside the country. The government is also providing its law enforcement…
- Work stress is a global problem. While it's often associated with Western countries, the reality is that stress affects everyone, regardless of location, including people in Africa.
- Work stress is a global problem. While it's often associated with Western countries, the reality is that stress affects everyone, regardless of location, including people in Africa.
- Namibia has achieved a significant milestone in combating the spread of HIV. The Southern African country is the first on the continent to significantly curtail vertical mother-to-child transmission of both HIV and viral hepatitis B. The plan to eradicate HIV from Namibia on a national scale fully…
- Estimates from the Department of Trade and Industry indicate that South Africa's economy has suffered losses of up to 850 billion rand ($46 billion) due to six consecutive shocks over the past three years.
- Several African economies appear to be on the rise with the prevalence of natural resource exploitation, infrastructure development, and a burgeoning entrepreneurial spirit. The continent has for some time now been garnering attention on the global stage considering how attracted to the market…
- The Indian billionaire Narendra Raval is looking to set up another factory in Kenya. His company recently submitted the Environmental Impact Assessment (EIA) report to Kenya’s environmental regulatory body, the National Environment Management Authority (NEMA) to establish a clinker factory. The…
- The Merchant Marine fleet of African countries plays a pivotal role in fostering economic growth and enhancing regional connectivity on the continent. It catalyzes prosperity, fostering connections, and bolstering national security. Embracing the vast potential of maritime resources, Africa can…
- Foreign businesses looking to penetrate the African market typically go through some of the continent’s most advanced and largest markets. This was Amazon’s approach as it launched its online services in one of the continent’s largest markets; South Africa. The service was launched on Tuesday.
- A representative from the global cryptocurrency leader, Binance, claimed that Nigerian government officials attempted to extort $150 million in bribes from the company.
- The CEO of Binance, the global cryptocurrency exchange platform, has criticized Nigeria for setting a troubling precedent, following the detention of two Binance executives.
- Financial stability is an important priority for governments, businesses, and inhabitants in Africa. African cities that offers decent incomes across industries for the average residents ensures that they are empowered enough not only to take care of their immediate needs but also to bolster the…
- Africa finds itself at a crossroads, battling the issue of poor internet connections at a time when connectivity is essential to international contact. Even while Africa has a wealth of opportunities for digital innovation and technical growth, many Africans still struggle with a painfully…
- Aliko Dangote continues to hold his title as Africa’s wealthiest man with a current net worth of $13.4 billion, now ranking 144th globally. His financial empire is rooted in Dangote Industries, a conglomerate headquartered in Lagos, Nigeria.
- 2024 marks a distinct year for Africa as several African nations find themselves at a crucial juncture, preparing to engage in elections that will shape the trajectory of their governance and economic progress.
- The imperative for African countries to embrace adventure is not merely a matter of choice but a strategic necessity. By cultivating a spirit of boldness, innovation, and resilience, these nations can unlock new opportunities, overcome challenges, and chart a course toward prosperity and progress.…
- The imperative for African countries to embrace adventure is not merely a matter of choice but a strategic necessity. By cultivating a spirit of boldness, innovation, and resilience, these nations can unlock new opportunities, overcome challenges, and chart a course toward prosperity and progress.…
- Chad is about to become the first of Africa's current junta-led states to transition to democratic rule with its ongoing presidential election on Monday.
- With Russia’s stated interest in the African market, more countries on the continent are beginning to gravitate towards partnering with the Asian giant. This time it is the Central African nation of São Tomé and Príncipe, that have decided to enter a military partnership with Russia. Very recently…
- The potential of Africa’s rice market has caught the attention of the East Asian nation of South Korea. The ability of the continent to grow this staple crop has piqued the interest of South Korea which then decided to introduce the K-Rice seed, a technology to boost rice seeds. As a result, South…
- The Nigerian Electricity Regulatory Commission (NERC) has directed the System Operator (SO) at the Transmission Company of Nigeria (TCN) to cut back supplies to customers in Benin Republic, Niger, and Togo to boost domestic supply.
- Large labor forces are closely associated with increased productivity and production in all economic sectors. In African nations, industries such as manufacturing, services, and agriculture contribute significantly to GDP due to their large labor force, which is needed for production, distribution…
- Africa is buzzing with lively economies, all thanks to the hard graft of its people. The continent has even been dubbed the world's future workplace due to its ballooning young population. However, beneath the surface of economic growth lies a huge challenge, stress in the workforce.
- The Nigerian diaspora in the United Kingdom (UK) experienced a significant increase via the country’s educational system. What some would deem a loophole in the system allowed the number of Nigerian dependents in the country to increase by 34 times. This increase spanned from 2019 to 2022,…
- The approval ratings of China and Russia over the West in Africa continue to be accentuated. Recently, the president of the Democratic Republic of Congo gave his two cents on why he believes that Eastern influence is outgrowing Western influence in the mother continent, specifically in the DRC. He…
- It is virtually impossible to emphasize the risks associated with limited press freedom in Africa. The effects are numerous and profound, ranging from straining economic development and escalating social tensions to eroding democracy and accountability. Unfortunately, this has been a prevalent…
- The American and French governments are reportedly lobbying Nigeria and other regional countries to sign new defense agreements allowing them to redeploy expelled troops.
- Niger recently received assistance from its burgeoning bilateral ally, Russia. According to reports, a shipment of Russian humanitarian supplies landed in the West African country. This is according to Niger's security forces, who confirmed that the aircraft delivering the relief packages had been…
- The strength of a passport can greatly influence an individual's mobility and access to other countries. While some passports open doors to several destinations with ease, others face formidable barriers.
- Across all economic sectors, higher productivity and production are directly correlated with a sizable labor force. An enormous labor force drives growth in African countries where sectors like manufacturing, services, and agriculture play a significant role in GDP by supplying the labor required…
- A video of African employees being assaulted physically by an Asian man has gone viral on the Internet. The video, posted by Dom Lucre on X, shows an Asian man yelling at two Africans before proceeding to wield a stick, repeatedly striking the workers as they attempt to shield themselves from harm.
- The value of renewable energy in Africa cannot be stressed enough. The perks of creating green energy are numerous, ranging from combating energy poverty and promoting economic growth to improving energy security and reducing climate change. While Africa contributes the lowest carbon footprint of…