- Expensive real estate prices exacerbate the housing affordability dilemma, making it more difficult for regular people to find adequate and affordable housing. Rapid urbanization in many African cities, combined with a scarcity of housing, drives up property costs, pushing low- and middle-income…
- Africa’s relationship with Russia seems to be growing stronger as Zimbabwe offers to immortalize one of Russia's historical events. The Southern African nation is creating a monument to commemorate the victory of the Soviet Union in the Great Patriotic War. The monument is scheduled to open in…
- Money knows no borders, but sending it across borders used to be a Herculean task, especially in Africa, where it was particularly challenging. While it's still no walk in the park, the proliferation of payment companies on the continent has made the process much more manageable than before.
- GoSolr, a company supported by South African mogul Patrice Motsepe and the largest bank on the continent, intends to invest 10 billion rand ($537 million) in implementing a program to lease solar panels and batteries to households in the country, which has been plagued with power outages.
- GoSolr, a company supported by South African mogul Patrice Motsepe and the largest bank on the continent, intends to invest 10 billion rand ($537 million) in implementing a program to lease solar panels and batteries to households in the country, which has been plagued with power outages.
- The leaders of numerous African states convened in Nairobi, the capital city of Kenya, to talk about financing for the International Development Association of the World Bank. Discussions on key areas where wealthy nations and their development partners may concentrate on accelerating continental…
- According to reports on Tuesday, Uganda and the United States have collaborated on a pharmaceutical project. The report indicated that the US's Walter Reed Army Institute of Research (WRAIR) teamed up with Ugandan scientists to develop an HIV vaccine. The vaccine uses the mRNA vaccine technology…
- Mali experienced its hottest day on record last month, with temperatures soaring to 48.5°C. The intense heat has continued across large parts of the country, leading to an increase in demand for cooling essentials like ice.
- The United Kingdom has sent its asylum-seeker to Rwanda under a voluntary initiative. This development follows the UK government's recent enactment of a contentious law permitting the deportation of irregular migrants to the country.
- Although foreign loans can serve as a valuable tool for financing growth and bridging immediate financial shortfalls, the unregulated accumulation of debt, especially in African countries, often fosters economic instability and hampers sustainable long-term development. Regrettably, this scenario…
- The British auction House, The Saleroom is said to have a large collection of Egyptian antiques for sale. While this is hardly news, what has piqued the interest of the general public is the fact that 18 of these relics are old Egyptian human skulls, as exhibited on the auction house's official…
- Africa, long known for its rich cultural legacy and various landscapes, is now emerging as a hub of wealth generation and economic progress. One of the most notable developments of recent years has been the fast increase in the number of High Net Worth Individuals (HNWIs) throughout the continent.…
- Nigerian president Bola Tinubu recently announced he has clinched a $600 million investment deal with Danish shipping and logistics titan Maersk. However, Maersk seems unaware of any such agreement.
- During their next trip, the Sussex royal couple Prince Harry, and Meghan Duchess of Sussex will be going somewhere closer to home for the Duchess, they would be paying a visit to somewhere Meghan has some ancestry; Nigeria. Reports indicate that the Nigerian Chief of Defense Staff invited Meghan…
- At almost any African party, you can bet that water alone won't satisfy people's thirst or kick off the festivities. Africans enjoy celebrations and socializing, and one of the ways they do so is by drinking beer.
- Africa is incredibly rich in resources, including oil, rare earth minerals, gold, and diamonds. Despite this, the continent has not yet reached its full economic potential. However, there is rising anticipation that Africa may emerge as one of the world's wealthiest continents if it can properly…
- According to a new report, there is a thriving market for used and refurbished smartphones in the Middle East and Africa. The report, which delves into the rising demand for refurbished smartphones in the Middle East and Africa, found that the MEA smartphone market was deemed the fastest growing in…
- IQ, or intelligence quotient, is a measure of a person's cognitive abilities compared to others in their age group. It looks at factors like problem-solving, logical thinking, memory, and how good they are with language.
- Mike Adenuga is a billionaire philanthropist, businessman, and entrepreneur from Nigeria. He founded Globacom, a Nigerian telecommunications business, and serves as its chairman. Adenuga is also active in some other businesses, such as banking, real estate, and oil and gas exploration through…
- In response to China and Russia's growing influence in Africa, the US has asserted its claim as the continent's best choice. The three global heavyweights have recently been competing for Africa's partnership, as the US struggles to retain its influence on the continent. However, in recent years,…
- Burkina Faso's communications authority has announced the suspension of several Western and African media outlets due to their coverage of a Human Rights Watch (HRW) report alleging the army's involvement in extrajudicial killings.
- Africa's Merchant Marine fleet is a critical component of the continent's economic growth and regional connectivity. Its significance extends beyond the basic transportation of products; it is a driver for prosperity, connection, and national security. By harnessing the power of the sea, Africa can…
- South Africa has become a fertile ground for the growth of valuable brands across various industries. While these brands represent the country's economic potential they also contribute to its regional and global recognition and competitiveness.
- Tanzania intends to put its weight behind Somalia, the East African Community's newest member. Tanzania's president, Samia Suluhu Hassan, has committed to help Somalia boost bilateral trade. This is part of the president's continuous drive to improve Tanzania's connection with the rest of East…
- Due to a variety of market dynamics and economic reasons, the wealthiest people in Africa have seen considerable swings in their net worth during the year. There have also been additions to the list as is the case with Nigeria’s billionaire Femi Otedola who recently became a billionaire again. The…
- Kenyan President William Ruto praised Zimbabwe's gold-backed currency, ZiG, as a potential catalyst for economic recovery in the southern African nation.
- France has expressed readiness to contribute to funding a 3-gigawatt power cable that would connect Casablanca in Morocco to the town of Dakhla in Western Sahara.
- A new report indicates that Nigeria is losing $9.2 billion every year via its oil industry. Maritime experts revealed that the West African country is losing money to foreign businesses that can potentially be rerouted domestically. This new report highlights one of and not the only avenues Nigeria…
- It is almost impossible to overestimate the significance of low gasoline prices, especially in developing nations like many African countries. Low gasoline prices have an impact on many facets of a country's economy. They ensure that an economy can run efficiently while empowering businesses and…
- The regional governments in Africa enacted several revenue mobilization initiatives since 2022, including tax and subsidy reforms. The Africa Pulse report by the World Bank detailed a number of these tax reforms, highlighting the diverse revenue solutions across the continent. These reforms are…
- A company, led by a distant relative of the Abu Dhabi royal family, has agreed to lend South Sudan €12 billion ($12.9 billion) in exchange for repayment in oil.
- China has dethroned the United States of America (USA) as its approval ratings in the region rose six percentage points, from 52% in 2022 to 58% in 2023, two points ahead of the U.S. According to the report, China recorded its highest leadership approval rating in Africa in a decade, while the U.S…
- Inflation is expected to ease in several major African economies next year, however, it will remain stubbornly high in Nigeria due to the challenging terrain for the naira currency.
- High consumer prices sometimes intensify inflationary pressures, especially in Africa, by devaluing savings and fixed incomes. Low-income workers and retirees who depend on fixed pensions are disproportionately impacted by high consumer prices, which reduces real income and exacerbates economic…
- Cyber threats in Africa pose severe problems that require quick attention and coordinated action. As the continent enters the digital era, it must strengthen its defenses against emerging cyber threats. However, a new report shows that compared to other regions Africa suffers the least at the hands…
- To bolster climate action in Kenya the United Kingdom has pledged to sponsor 50 green investment projects across the East African country. A total of 10 counties in the country have been selected to develop these projects. This means that these 10 counties would get a percentage of the funding…
- Democratic Republic of Congo is losing huge funds in its efforts to combat ongoing conflicts in its eastern provinces, which have resulted in the displacement of over six million people.
- Russia is looking to establish its embassy in another African country in the next few weeks. Russia over the past few years has been looking to deeply root itself into African affairs in a move to usurp the West’s influence in the continent. The idea, based on a recent survey seems to be working,…
- While foreign loans may be an effective tool for financing growth and filling short-term financial shortfalls, unregulated accumulation can sow the seeds of economic insecurity and impede long-term success. Unfortunately, this has been the case for several African countries. Debt servicing has been…
- When we think about power and countries, the big players like the US, China, and Russia usually come to mind. But it's not just about them. There's a whole spectrum of power, from the traditional heavyweights to newer, subtler forms like sticky power, old power, new power, and soft power.
- Kenya has joined a growing list of nations seeking to regulate TikTok in a bid to combat false information, fraud, and the distribution of sexual content. According to reports, the Kenyan government has advised lawmakers against banning TikTok and instead recommended stricter rules to regulate the…
- Democratic Republic of Congo (DRC) has raised concerns with Apple Inc. that the company’s supply chain may be adulterated by conflict minerals sourced from the country.
- Over the past year, fuel prices increased in several African countries. Most of Africa, especially its biggest nations, faced significant fiscal challenges at the start of 2023 and, consequently, the new year. However, these pressures are projected to be eased, as measures and initiatives are being…