- As it is within Sub-Saharan Africa, it has also been observed in the Northern part of Africa that Western influence is losing ground to Russian influence. This has been a predominant trend around the continent owing to some key factors, including the integration of some African countries into the…
- Denmark has announced plans to open embassies in Rwanda, Senegal and Tunisia, and increase its diplomatic workforce in its embassies to Egypt, Kenya, South Africa, Nigeria and Ghana.
- By mid-2030s, Africa's top 100 city economies will be home to nearly 400 million people, about 21% of the continent's population. These cities will generate over 60% of Africa's GDP.
- Africa is set to receive 100,000 doses of the Monkey Pox (mpox) vaccines from Germany. Germany has committed to donating the vaccines from its military stocks. Last week, France made a similar commitment, alongside Austria.
- The Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, recently spoke about the problems her home country Nigeria is facing. In a conference with the vice-president of the country present, she emphasized how political games destroy lives and the economy. As a result, she…
- The continent's major urban centres—like Cairo, Lagos, and Johannesburg—will still lead Africa's top 100 city economies by 2035. In 2023, the combined nominal GDP of these cities stood at $1.4 trillion, and by 2035, this number is expected to more than triple, reaching over $5 trillion.
- The Ghana Armed Forces (GAF) has dismissed allegations that it intends to “take over control of the country” if the general elections on 7 December turn violent.
- The advantages of a strong currency in Africa, as is everywhere else in the world, go beyond financial measures, as it also impacts commerce, investment, regional integration, and geopolitical power. Africa, which is largely made up of rapidly developing nations, also boasts some of the world’s…
- Counterfeiting involves producing imitations of coins and banknotes or making alterations to genuine currencies to raise their denominational values.
- Recognizing India’s relevance in its market, Tanzania has called on the South Asian country to increase its Tanzanian investments. This is notwithstanding the fact that trade between both countries this year is already projected to do better than last year. Tanzania currently enjoys a rapidly…
- Recognizing India’s relevance in its market, Tanzania has called on the South Asian country to increase its Tanzanian investments. This is notwithstanding the fact that trade between both countries this year is already projected to do better than last year. Tanzania currently enjoys a rapidly…
- Africa's urban population is expected to hit nearly 1 billion by 2035, a huge leap from about 650 million last year. By that time, six cities across the continent will each have more than 10 million residents.
- Italy's Foreign Minister has expressed his desire for more African students to study in Italy, a stance that could heighten tensions within the coalition over immigration and citizenship issues.
- Due to factors like taxes and subsidies, diesel costs differ across different borders. For different African countries, each government levies its own set of taxes while having access to the same global petroleum prices. Retail prices for petroleum products therefore differ globally, with certain…
- Nigerians have triggered extreme Bolt surge pricing in Cape Town and Johannesburg, leaving many South Africans stranded due to unavailable and overly expensive rides.
- There is hardly anything more uplifting than receiving aid from where one least expects it. Gestures such as this restore faith in humanity, given the slew of depressing headlines that liter the news. It is especially admirable to see such a culture of generosity thriving in some African countries…
- Uganda’s ambition to become an oil-producing nation continues to gain ground as the country recently drilled 74 oil wells. 7 other oil wells are near completion as Uganda prepares to start producing oil in 2025. Additionally, the taxation of oil and oil associated goods have begun picking up steam.
- Landlocked Niger has restarted crude oil exports through Benin after a previous dispute halted shipments via a newly constructed Chinese-funded pipeline.
- The diamond, discovered at the Karowe mine operated by Canada's Lucara Diamond Corp., has yet to undergo a thorough evaluation, leaving the quality of the gem uncertain.
- The first recorded use of polymer notes was in Australia (1988) when the $10 bill was replaced in celebration of the nation’s bicentennial anniversary.
- Ronaldo’s success on YouTube is a natural extension of his already vast social media presence. At the time this report was written, he had hit 15.6 million subscribers.
- The Federal Government, through the Nigeria Immigration Service (NIS), has increased the fees for the processing and acquisition of Nigerian Passports.
- Russian grain exports reached a record high of 72 million tons in the fiscal year that ended June 2024. This is according to information the Russian Minister of Agriculture Oksana Lut disclosed. The minister also revealed that Africa became a significant destination for Russia’s grain exports.
- Some countries are often perceived as having higher average IQs, which reflects various societal and educational factors. In Africa, Mauritius has the highest average IQ.
- Uganda is conducting oil exploration in two additional regions that could boost the country's proven reserves beyond the current 6.5 billion barrels.
- The three West African nations that make up the Alliance of Sahel States (AES/ASS) have raised concerns over Ukraine’s involvement in its internal affairs. Burkina Faso, Mali, and Niger, recently wrote the United Nations in light of this. They requested that the UN check Ukraine over its…
- Tanzania's partnership with the Dubai-based multinational logistics company DP World is set to initiate cost-effective measures in the Dar es Salaam ports. This has especially to do with the elimination of container demurrage fees within the Tanzanian port.
- Despite crossfires between Israel and Lebanon, African migrants in Lebanon have found themselves unable to leave the country. These African workers are unable to exit the country for a slew of reasons, despite the risk of war currently looming.
- African countries, many of which are net importers of petroleum products, are susceptible to swings in global oil prices. When energy prices across the globe increase, so do local fuel costs. This unfortunately was the case for several countries on the continent, particularly those that typically…
- Ghanaian President Nana Akufo-Addo has officially launched the construction of a 300,000 barrel-per-day oil refinery. However, critics have raised concerns about potential flaws in the project.
- In 2024, some African countries that rank low on the Environmental Performance Index (EPI) are those that have struggled to prioritize environmental health and sustainability.
- The Nigeria Labour Congress disclosed recently that implementing the new minimum wage could be delayed, while in the same breathe expressing optimism that it could be implemented by month’s end.
- South Africa and Morocco have been listed among the top countries in the world that use ChatGPT the most, reflecting the growing interest in AI technology across Africa.
- Nigeria owes its state-owned oil company nearly half of what it expects to collect in revenues this year due to a gasoline subsidy reintroduced in August.
- Egypt is raising electricity prices for households by up to 50% as part of its ongoing efforts to gradually eliminate subsidies in line with an agreement with the International Monetary Fund.
- Numerous industries in Africa are impacted by the increase in diesel prices, including transportation, agriculture, and overall living expenses. This is particularly true for African countries which have not looked into other energy sources. On the other hand, a developing nation whose diesel…
