- Shorter working hours can be a boon for both individuals and society, offering several key benefits that address the challenges posed by extended work hours in many African countries. While long working hours have its benefits, it also comes with several consequences. As a result, companies whose…
- The Bank of Tanzania is looking to put a lid on the liberties enjoyed by non-deposit digital platforms, specifically those that fall under Tier 2. This is a result of the conduct of some of these platforms which have led to distressing consequences of little regulations. Tanzania is hardly the…
- Russia and Zimbabwe are looking to bolster their relationship by allowing easy access for citizens of both countries into each other’s borders. Currently it costs about $30 dollars to gain entry into the Southern African country. However, should an agreement be reached Russians would freely be able…
- Africa is one of the largest contributors of troops and police officers to United Nations (UN) peacekeeping operations. Some countries on the continent even rank among some of the world’s top donors. This often translates to the experts from African countries sent on special UN missions.
- Africa' richest man, Dangote, has announced plans to establish a family office in Dubai, joining the growing number of high-net-worth individuals who have been drawn to the Middle East’s financial hub in recent years.
- Unemployment in Nigeria is a huge concern, profoundly damaging its economic stability and social structure. With a huge and expanding young population, Nigeria has the difficulty of producing enough employment to accommodate the millions who enter the labor market each year. Youth unemployment is…
- The end of the Joe Biden administration is nearing, given the current US presidential contest between Donald Trump and Kamala Harris. Nevertheless, up to that point, the president is responsible for managing US affairs, one of which requires him to visit Africa. The Vice president and current…
- Mali, Niger, and Burkina Faso have agreed with Russia to acquire telecommunications and surveillance satellites. The satellite technology would enhance border surveillance and national security across all three nations, while also enabling secure communications.
- The battle between Safaricom and Elon Musk's Starlink for Kenya’s internet market continues to intensify. In its latest move, Safaricom recently amplified its internet fiber speeds up to 100Mbps, in response to Starlink’s high speed offerings of up to 200Mbps. Initially, Safaricom had enjoyed an…
- One of Nigeria’s premier mobile networks, Airtel, has begun exploring the option of solar energy. This is as a result of the company expenditure on diesel fuel. Despite Nigeria’s relatively cheap diesel costs compared to most African countries, the sheer lack of constant power supply has driven…
- India is in discussions with several countries in Africa and South America to assist them in developing a digital payments system based on its homegrown Unified Payments Interface (UPI).
- Despite the fluctuating influence of foreign powers in Africa over recent years, the United States has managed to stabilize its presence in 2024, with 70% of African youth recognizing its impact.
- The rise in diesel costs affects several businesses, such as transportation and agriculture, particularly in African countries where there are little to no alternative energy sources. On the flip side, a developing country with cheap diesel costs offers its people a financial edge.
- Given Russia's growing influence in Africa, as well as the warm embrace the Kremlin receives from various African governments, the question on people's minds is how far Russian influence will spread. Russia's rising popularity in Africa against the popularity decline of the US suggests that its…
- Chinese mining companies are pushing forward with the development of a lithium deposit in partnership with a Zimbabwean state-owned company, despite the sharp decline in lithium prices.
- Ethiopia has warned Somalia about the recent arms shipment deal with Egypt, warning that the recent supply of ammunition may complicate efforts to resolve potential conflicts in the region.
- Africa's richest man, Aliko Dangote, says it appears that the "time has passed" for him to buy the Arsenal soccer club, a deal he once publicly expressed interest in.
- Despite being Africa’s largest oil producer, Nigeria has long depended on fuel imports due to its four state-owned refineries falling into disrepair. As a result, the government has been paying hefty subsidy for decades to keep fuel prices artificially low for its citizens when it imports.
- A new Russian House, a center for cultural interaction between Russia and its African allies, was recently inaugurated in the West African country of Chad.
- In Africa, rhinos are iconic creatures that stand for the challenges of wildlife conservation as well as the beauty of the natural world. The white rhino and black rhino are the two rhino species found on the continent. The primary causes of the danger to both species are habitat loss and poaching…
- Hundreds of Tunisians have once again taken to the streets to express their discontent with President Kais Saied, who has been accused of using his authority to suppress the political opposition in the wake of the upcoming presidential election.
- Africa is home to one of the youngest and fastest-growing populations in the world, and as more young people come of age, the number of citizens eligible for military service is skyrocketing.
- Africa is home to one of the youngest and fastest-growing populations in the world, and as more young people come of age, the number of citizens eligible for military service is skyrocketing.
- Egypt has delivered a second cache of military equipment to Somalia as tensions in the Horn of Africa region rise between Ethiopia and the breakaway region of Somaliland.
- An Egyptian warship has delivered a second cache of weapons to Somalia, including anti-aircraft guns and artillery. This move is expected to heighten tensions between Egypt, Somalia, and Ethiopia.
- Given the economic condition in certain African countries, cheap costs for essential commodities like food and energy are a welcome break. As a result, African countries with low fuel prices frequently provide lower overall living costs for their citizens. Fortunately, despite a myriad of economic…
- Kenya's economy experienced a marginal relief in the form of its currency trajectory. The Kenyan Shilling for the past two months have strengthened against international currencies on the heels of the country’s diaspora remittance. The remittance for August 2024 was significantly higher when…
- Recent data compiled by Bloomberg analysts about the top 10 worst-performing currencies globally have revealed the level of economic challenges emerging markets in Africa are faced with.
- President Ruto urges bold reforms at UN General Assembly to tackle global crises. Speaking before world leaders, President Ruto highlighted the urgency of addressing the rapidly evolving challenges facing humanity.
- The security mission in Haiti led by troops from Kenya is set to receive more men from the East African nation in the coming weeks. This is in line with the promise the Kenyan president made in 2023 to aid in curtailing the insecurity issues in the Caribbean country. The Kenyan head of state;…
- Extended work hours in several African countries have become essential due to the economic clime in said regions. Long working hours have both advantages and disadvantages for people, companies, and society at large. While it can increase productivity and economic production, it can lead to some…
- Ahead of the upcoming elections in Uganda next year, the president's son Muhoozi Kainerugaba, has called on the populace to rally to his father's side. To this effect, he has renounced his plans to run for presidency. He also put out a tweet stating that the next president of the country must be…
- A Kenyan court has ruled that Meta, Facebook's parent company, can be sued in the country over the dismissal of dozens of content moderators employed by a local contractor.
- Seven in ten Africans express concern about the influence of foreign powers, with China and the US being perceived as the most influential. Interestingly, many view this influence positively.
- Tanzania’s United State’s ambassador Michael Battle, on Thursday pushed back on President Samia Hassan’s demand for the West to desist from interfering in its domestic affairs. He affirmed that the United States will continue to support democratic rights and ideals as an important component of its…
- Coca-Cola Hellenic Bottling Company has announced plans to invest an additional US $1 billion (N1,639,450,000,000.00) in Nigeria over the next five (5) years to further capture growth opportunities in the country's beverage market.
- Compared to a year ago, more Nigerians have embraced rail lines as a valid means of transporting goods. Additionally, more Nigerians are beginning to rely on trains for daily commute. In September 2023, Nigeria’s economic hub; Lagos commissioned its Blue Rail Line, an electric rapid transit line.
- The Ugandan vice president Jessica Alupo on the sidelines of the Eurasian Women's Forum which kicked off on Wednesday in Russia, indicated Uganda's intention to open a direct aviation link between both countries. The two countries have had discussions on bilateral agreements, including in sectors…
- Google's new report, titled "The Digital Opportunity of Sub-Saharan Africa," shows the company generated an estimated $16 billion in economic activity across Sub-Saharan Africa for businesses.
- An ambitious plan to provide electricity to 300 million Africans by 2030, supported by an initial $30 billion commitment from the World Bank and the African Development Bank, is now underway.
- Given that diesel is essential to many sectors of the economy and society, including industry, transportation, agriculture, and energy production, high diesel prices in African nations have a substantial negative influence on both the economy and society. Fortunately, there was a slight global…
- The former president of Gabon, Ali Bongo has announced that he is doing away with politics. Ali Bongo had been ousted in a military coup roughly a year ago, shortly after winning a third term in office. Since then he has been residing in the country’s capital despite the fact that military…
- When discussing military power, the focus often falls on the size of a country's active-duty forces, advanced weaponry, and the ability to project power beyond its borders. South Africa has one of the lowest reserve military manpower figures, with only 29,350 personnel.
- Money has remained a huge part of human evolution irrespective of its form as objects, coins or banknotes in the past 5000 years. The oldest currency that is still in use today is the British pound, also known as the pound sterling.
- In Q2 2024, Nigeria, one of West Africa's economic powerhouses, spent ₦12,473.53 billion on imports, representing 39.11% of the nation's total trade. During this period, Nigeria conducted trade with several countries globally, with Asia being its largest trading partner. The country imported a wide…
- Uganda’s debt stock grew by 5% in the last fiscal year ending June 2024. This is according to the Ministry of Finance’s annual debt statistical bulletin and public debt portfolio analysis. The bulletin indicated that the East African country's current debt stock now sits at Shs 40.6 trillion.…
- Peoples from numerous African countries have become conversant with the act of giving. Considering the current socioeconomic conditions on the continent, people from several regions engage in charitable work, albeit, to differing degrees. Furthermore, whether or not there is a pressing need for…
