- The sentiment that Africa is heading in the wrong direction is most pronounced in countries like Nigeria, where a significant 84% of youth express concern, followed by Cameroon, Chad (66%), and Congo Brazzaville (62%).
- Rosatom, the Russian nuclear energy organization, has been running an aggressive campaign towards establishing its nuclear signature across Africa. Within the last year alone the Russian company has initiated deals with several African countries including Congo, Guinea, Algeria and Burkina Faso,…
- The president of Tanzania, Samia Suluhu Hassan, has asked the West to cease interference in Tanzania’s internal affairs. Amid criticism of the West's proclivity to meddle, she demanded that foreign diplomats in her nation follow the Vienna Convention on Diplomatic Relations (1961). She pointed out…
- Poor people account for a disproportionate share of the unbanked. Globally, half of unbanked adults come from the poorest 40% of households within their economy, the other half from the richest 60%.
- In comparison to the previous quarter, Nigeria's export value decreased in Q2 of 2024. When compared to the same quarter last year, the nation did, however, see an uptick. This growth is partly due to the items it supplied to its five leading trading partners, which in the second quarter of the…
- According to Global Firepower, which ranks 145 countries based on their reserve military manpower, Egypt stands at the 15th position with a reserve force of 480,000 personnel.
- In many African countries, fuel costs are affected by an array of variables, including those beyond the continent. Most African countries import their fuels due to a lack of fuel production or refining capabilities. This, in turn, can result in high energy costs relative to a country's purchasing…
- Russia has tentatively agreed to build a fuel pipeline in the Republic of Congo, linking the western port of Pointe-Noire to the capital, Brazzaville.
- Debt-for-climate swap has become a viable option for creditors the Southern African nation of Zimbabwe are indebted to. This ties into the restructure plan for the country’s $21 billion debt, currently led by the country’s former president and the president of the African Development bank (AfDB).…
- The Southern African country of Mozambique and East Africa’s Uganda are currently in talks to extend visa exemptions. This is part of a plan to enhance regional integration, specifically under The African Continental Free Trade Area (AfCFTA).
- Global population has increased tremendously in the last six decades with Africa taking centre stage as a major contributor to the global population growth rate. Five of the eight countries linked to the global population boom from now to 2050 are all African countries.
- The U.S. military announced on Monday that it has completed its withdrawal from Niger. In April, Niger's junta ordered the U.S. to withdraw its nearly 1,000 military personnel from the country following a coup last year in the West African nation
- Every community and nation on the planet understands the value of civil society and charity, and Africa is no different. People from numerous African countries to varying degrees participate in charitable acts, given the continent’s current socio-economic reality. Additionally, the culture in some…
- The Indian company, Adani group, which has vested interest in Kenya has this morning denied protest related allegations laid against it. The group noted that unofficial statements involving the group should not be taken seriously. This debacle relates to a protest that had occurred last week which…
- According to the Central Bank of Kenya’s Bank Supervision Annual Report 2023, the sector's performance reflects resilience amid a challenging business environment.
- Cyberattacks in Africa are steadily increasing as the region gets more digitized. Owing to insufficient systems and low regulatory environments on the continent, many African countries suffer heavily from cyberthreats. However, there are some African countries that boasts top tier cybersecurity…
- Nigeria, in the second quarter of 2024, experienced a decline in export value compared to the previous quarter. However, the country did experience an increase in relation to the same quarter the previous year. This increase is off the heels of the products it sold to its 5 most consistent trade…
- Following an attack on the president of Comoros, the assailant has been reported dead. The president of Comoros, Azali Assoumani, suffered a knife attack on Friday. The knife attack managed to cause an injury to the president’s hands.
- Nigeria's state-owned oil company, NNPC Limited, will start distributing gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market on Sunday.
- Nigeria's state-owned oil company, NNPC Limited, will start distributing gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market on Sunday.
- Germany has agreed to welcome 250,000 skilled and semi-skilled workers from Kenya as part of a targeted labour migration deal in Europe's largest economy.
- Many African countries are becoming major competitors in the global marketplace owing to their youthful, rapidly expanding populations and growing middle classes. Any country's purchasing power is a crucial indicator of its economic health and future prospects. A high purchasing power indicator…
- With emerging alternatives to lithium in the EV and battery sectors, time is of the essence for Ghana's Ewoyaa Project to remain profitable and competitive. Delays in the project could jeopardize its success as market dynamics shift.
- Almost nine in 10 Africans say they are “somewhat free” (20%) or “completely free” (65%) to vote for the candidate of their choice without feeling pressured.
- In war zones, United Nations (UN) peacekeeping missions are usually the thin line between chaos and order. African countries play a crucial role in these missions, not only as recipients but also as primary providers of peacekeeping troops. African participation in UN peacekeeping missions is vital…
- Global gadget maker, Apple has recently announced the release of new models of its flagship products which include the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
- More Africans are resigning from their jobs in search of healthier company culture and better work-life balance as opposed to just wanting a higher salary.
- The amount generated from Value Added Tax (VAT) in Nigeria in the second quarter of 2024, shot up from figures recorded the quarter prior. In Nigeria, VAT is a consumption tax collected on the added value of products and services at each level of the supply chain. The data for the list compiled by…
- South Africa and Russia have enjoyed a budding relationship owing to the seats they share in the BRICS group of nations. As a result, a South African official has noted that South Africa would continue to strengthen its relationship with the North Asian country. Both countries would also put…
- According to survey, 94% of Nigerian youth believe their country is headed in the wrong direction. In Cameroon, 89% of young people share this concern, while 79% of youth in Congo Brazzaville express similar doubts about their nation’s trajectory.
- Uganda’s economic growth projection has been touted to experience a double-digit increase in the next financial year once crude oil production starts in the East African country.
- Ex-Im’s previous investment in Mozambique's gas sector has faced setbacks. In 2020, the bank provided $4.7 billion in financing for TotalEnergies SE’s Mozambique LNG project along the northern coast.
- The U.S. State Department has approved $1.3 billion in military financing for Egypt this year. Egypt has played a key role in facilitating talks with Hamas to bring about a cease-fire and secure the release of Israeli hostages.
- Are you wondering why Ethiopia is just entering a new year and it's 2017? Ethiopia was not colonised by the rest of the world, so it still maintains most of its culture and traditions.
- In the second quarter of 2024, Nigeria spent a total of ₦12,473.53 billion importing goods from other countries. This amount accounted for 39.11% of the West African country's total trade. During the study period, Nigeria traded with a number of nations around the world, with Asia accounting for…
- In an attempt to win the goodwill of people from across the globe, the United States has suggested the addition of two permanent seats for African states in the UN Security Council (UNSC). This move had earlier this year been also advocated for by long-time US rival; Russia.
- Import cover for African countries currently average 5 months. The number of months of import cover held a country is one of the many metrics used to assess its economic stability and resilience. The term "import cover" describes a nation's foreign exchange reserves, which are measured in terms of…
- With a youthful, rapidly rising population and an expanding middle class, several African countries are emerging as significant players in the global economy. When an African country has high buying power, it indicates economic stability, a strong consumer market, and more global importance.
- In Africa, the aviation sector is taking off in a big way. Countries like Ethiopia, Kenya, and South Africa are increasing their aircraft fleet and improving air connectivity.
- Women entrepreneurs in less developed countries like Nigeria have always turned to microfinance institutions to secure funding to grow and expand their businesses.
- In July, Wagner mercenaries were killed in Mali during an attack by rebel fighters amid a desert sandstorm. Interviews with their families and a review of social media data have shown that among the casualties were Russian war veterans.
