- With a change in the United States oval office comes changes in economic policies that have the potential to ripple across the globe, including in the East African nation of Kenya.
- Nigeria has successfully recovered over $5 billion in assets over the past 25 years, according to a report from the Civil Society Legislative Advocacy Centre (CISLAC).
- Following the recent agreement between the Dangote refinery and independent oil marketers in Nigeria, estimates for fuel prices in Nigeria have been touted.
- Following the recent agreement between the Dangote refinery and independent oil marketers in Nigeria, estimates for fuel prices in Nigeria have been touted.
- The air passenger traffic in Africa has experienced significant growth over the past few decades, driven by various factors such as economic development, population growth, and increasing connectivity.
- Investment in real estate is primarily driven by the prospect of profitable returns, and this holds true across African countries. Every property owner aims to maximize the income generated from their real estate properties.
- In Africa, city branding is crucial, as nations work to attract global attention and investment. Five African countries made it to the top ranks for brand value in 2024, according to the Brand Finance Global City Index.
- Given Nigeria’s current economic challenges, the financial decisions Nigerians have grown accustomed to are now being adjusted. One example of this is the saving habits of Nigerians.
- With the global shift towards sustainable transportation, electric vehicles (EVs) are becoming increasingly popular. However, concerns about safety in EVs have arisen.
- Algeria has committed $2.8 billion to revitalize its rail network, a crucial step in the country's efforts to improve transportation and promote connectivity within the continent.
- Internet adoption in Africa faces challenges like policy issues, infrastructure gaps, and high costs, but many countries still strive to increase connectivity and support telecom growth.
- The informal sector has over the years become a very important aspect of the African economy, accounting for a sizable proportion of employment on the continent.
- Ugandan forensic experts have released a detailed report on the origin and impact of space debris that fell across parts of western Uganda in May 2023.
- The airline industry staged a remarkable recovery in 2024, surpassing expectations and overcoming the lingering impact of the pandemic. African carriers joined the upward trajectory, posting impressive results and contributing to the industry's robust comeback.
- High hunger levels continue to be a major issue in many African countries, affecting practically every element of society, including health, economic growth, and social stability.
- Citizenship by investment (CBI) enables high net-worth individuals to acquire additional citizenships by making a significant investment in a host country. These individuals provide an investment fund in exchange for expanded global mobility and residency rights.
- The landing cost of Premium Motor Spirits (petrol), in Nigeria which represents the cost of importing and distribution has seen a substantial decline.
- Senegal is expected to recommit a €2.5 billion ($2.67 billion) program aimed at reducing its dependence on fossil fuels during the COP29 climate conference in Azerbaijan this month.
- Australian gold miner, Resolute Mining’s shares witnessed a 32% drop on Monday following the arrests of three of its employees including CEO Terence Holohan by Malian government officials.
- The recently concluded inaugural Russia-Africa Ministerial Conference, which had in attendance, delegations from 54 countries and 45 African ministers, provided some insight into the budding relationship between Africa and Russia.
- In some African nations, young workers are scraping by on less than $2.15 a day, a sobering sign of the deep-rooted economic issues across the continent. Madagascar has the highest percentage of employed youth living on less than $2.15 a day, at 78.18%.
- Companies that prioritize a supportive atmosphere see significant benefits, including a high-performing team that drives success. A good work environment boosts productivity and trust, leading to a strong and trustworthy team.
- Companies that prioritize a supportive atmosphere see significant benefits, including a high-performing team that drives success. A good work environment boosts productivity and trust, leading to a strong and trustworthy team.
- Some economies have become so stable that the governments have been able to operate without taxing their citizens. Although residents in such nations are exempted from paying income tax, they can be taxed on property or other revenue sources.
- The government of South Sudan and Ethiopian airlines have entered a partnership agreement to establish and manage a national carrier for South Sudan.
- Nigeria's most-searched destination is the United Kingdom, accounting for 16.81% of searches. Canada follows closely with 15.40%, while the United States ranks third at 7.66%.
- Donald Trump’s victory in the just concluded US elections triggered massive wins for most businessmen including the stock market. The aftermath of the elections trickled down to the net worth of some African billionaires and while some gained, others counted losses.
- Nigeria’s premier port terminal, APM in Apapa, Lagos has made history by hosting EA Centaurus, the largest container vessel to ever visit the Lagos Port Complex.
- Nigeria's military has issued a warning about a new insurgent group, Lakurawas, reportedly infiltrating the country's northwest from neighbouring Niger and Mali.
- Africa is becoming increasingly vulnerable to cyber threats as the continent embraces digital transformation. The most popular of these threats is the Distributed Denial of Service (DDoS) attack.
- Perenco SA, an oil drilling company owned by the billionaire Perrodo family, plans to direct three-quarters of its $2 billion investments next year toward several African countries.
- Globally, we have seen commendable efforts in raising literacy rates, but there are still major differences, with some areas making faster progress in education than others. Countries like Niger, Chad, and Burkina Faso are particularly affected, with some of the world’s lowest literacy levels,…
- The US has extended a lifeline to Somalia, offering a $1.1 billion debt relief package to help the country tackle its debt burden and rebuild its economy.
- Africa's transportation sector is shifting from fossil fuels to cleaner alternatives, with a rise in CNG and LPG vehicles on the roads, offering a cleaner alternative to gasoline and diesel.
- Ghana’s parliament has resubmitted an anti-LGBTQ bill to President Nana Akufo-Addo for his signature, despite an order to wait until the Supreme Court rules on the bill’s constitutionality.
- An unexpected breakdown of the Kenya Revenue Authority (KRA) system has brought activities at the port of Mombasa to a grinding halt, resulting in substantial financial losses.
- Africa's educational system is grappling with a multitude of issues, such as wars, climate-related disruptions, and financial hardships, leading to an alarming increase in the number of out-of-school children.
- Russia is seemingly keen on employing labor from Zimbabwe, particularly within the construction sector. Both countries have so far undertaken multiple discussions on bilateral arrangements.
- Vitol Group, Trafigura Group, and BP Plc are the main buyers of fuel from Nigeria’s new Dangote oil refinery, which is making waves in petroleum trading across Africa and Europe.
- Donald Trump, the 45th and now, 47th President of the United States of America today, won the US presidency after securing more than the 270 Electoral College votes needed to win the presidency.
- Libya is set to hold its first energy exploration contract tender since the 2011 civil war, as the OPEC member aims to bring back oil majors who have been hesitant due to years of instability and production disruptions.
