- The fundamental incentive behind any investment is its potential for profit, and the real estate industry in African cities is no exception. Every landlord's primary motivation is the amount of money that the rent on his or her property(s) yields periodically. This revenue is based on the property'…
- Through supporting local companies, Tanzania hopes to expedite the creation of locally generated revenue. The Small Industries Development Organization project (Sido) is the vehicle through which the government hopes to accomplish this.
- While African countries have been active participants in the Olympics, the continent has yet to host the prestigious event. This year, only 12 African countries made it onto the medal table. Kenya led the continent with a total of 11 medals: 4 gold, 2 silver, and 5 bronze.
- We often hear about Africa's oil giants, but less is said about the countries with smaller reserves. On a continent as diverse as Africa, with its 54 countries, not every country is blessed with abundant oil wealth.
- Many African countries have long coastlines, which are valuable assets concerning trade. Africa is home to quite a number of coastal nations most of which enjoy significant maritime advantages. However, These nations are likewise vulnerable to attacks from said waters.
- The Nigerian senate has refuted a claim made by the former president of the country; Olusegun Obasanjo. The former Nigerian president had tagged the country’s senate “immoral” for the procedures that determined how much they are paid.
- In many parts of the world, freedom of expression is seen as a fundamental human right. But the reality of how this right is upheld, or violated varies from country to country, especially in Africa.
- Tony Elumelu, the Nigerian businessman and chairman of one of the country’s largest cooperation; Heirs Holdings, has insisted that the government be proactive in its fight against oil theft. He also revealed that his plans to purchase an oil field back in 2017, was thwarted by former President…
- Tony Elumelu, the Nigerian businessman and chairman of one of the country’s largest cooperation; Heirs Holdings, has insisted that the government be proactive in its fight against oil theft. He also revealed that his plans to purchase an oil field back in 2017, was thwarted by former President…
- In addition to being a major economic force, intra-African trade is essential to the expansion and stability of the continent. Trade between African countries contributes to political stability, peace, and security. Intra-African trade has the potential to significantly close Africa's economic…
- Nigerian Afrobeats superstar, Asake has reached a new milestone with his latest album, 'Lungu Boy', which has become the joint highest-charting Afrobeats album on US Apple Music.
- Ethiopian Airlines is one step closer to boasting Africa’s largest airport. The airline is looking to 2029 for the completion of what it has said would be the largest airport in Africa. To this effect, Ethiopia arrived at an agreement on the design of a new four-runway airport, the head of the…
- The currency markets in several African countries are expected to show signs of stability and potential strengthening against the US dollar in the coming week, buoyed by factors such as government interventions, offshore dollar inflows, and market demand.
- Setting a new African Record (AR) of 19.46 seconds, Botswana's Letsile Tebogo upset American track star and Olympic gold medalist Noah Lyles to win the 200 meter race. Lyles had been the favorite to win the race following his equally historic 100 meter performance where he took home gold.
- The benefits of a strong passport are clear: easier access to more destinations, smoother travel experiences, and even better chances of avoiding long queues at border control.
- The extensive coastline for numerous African countries has become a key asset with significant implications for the continent's economic and environmental landscape. The continent of Africa houses a fairly equal mix of coastal and landlocked countries, with the coastal countries having a huge…
- Azercosmos, Azerbaijan's space agency, and the Civil Aviation Authority of Botswana, announced on the 8the August that a recent deal with Botswana to provide satellite services for the Southern African country was inked. To this effect a long-term agreement was reached. Additionally, Botswana is…
- Ukraine’s foreign ministry expressed regret on Thursday over Niger's decision to sever diplomatic relations with Kyiv, describing it as a move based on unfounded and false claims.
- In line with ongoing efforts to become an open economy, Ethiopia's securities exchange is expected to begin operations in October, according to its chief executive.
- Recognizing that not all nations in Africa are equally hospitable to families with children is essential when choosing travel destination on the continent. While Africa is sometimes known for its hospitality, some parts of the continent might not be as kid-friendly as one would hope. A "kid-…
- Thursday 8th of July marked a fresh start for Kenya’s current administration under president William Ruto. President Ruto witnessed the swearing in of his new cabinet members. This is following the National Assembly’s approval of the 19 names from the 20 submitted by the president to different…
- Ukraine, which has been trying to score some points with Africa, given its ongoing conflict with Russia, has in the space of a week been hit with devastating curve balls. A single statement incriminating the East European country cost it some points in the West African area. So far, Niger and Mali…
- In Africa, intra-trade serves as a catalyst for the continent's advancement in addition to being vital to its economy. Regional integration plays an important role for promoting political stability, peace, and security throughout Africa. Trade has a unique power to close gaps and develop…
- More than half of the world's population is now facing a crisis in freedom of expression. According to the Global Expression Report 2024, freedom of expression in Sub-Saharan Africa remains stagnant.
- Africa is not left out of the global gold production venture as West Africa is said to be one of the world's fastest-growing regions in terms of gold production
- There are significant ramifications for not only countries but Africa as a whole when African countries becomes prime locations for investments. Its economy, governance, and global integration are maturing, and this development is suggestive of other important aspects that indicate this. Via…
- A large number of African countries are categorized as low-income countries in the global economy. This classification has a lot of disadvantages, but it also offers the chance to solve problems, which has led to some really great innovations and helped battle poverty.
- Fitch Ratings has downgraded Dangote Industries Ltd.'s creditworthiness, citing a "significant deterioration in the group's liquidity position" among other factors.
- The conflicts across the African continent continue to constitute a massive roadblock towards the development of a region largely blessed with natural and human resources. Between 2015 and 2022, Africa witnessed a significant increase in armed conflicts signaling a slow progress of peace programs.…
- Johannesburg, often referred to as Africa's wealthiest city due to its high concentration of businesses and millionaires, requires 221 billion rand ($12 billion) to address its infrastructure crises.
- Africa has seen an unparalleled surge of protests in 2024 that have spread from the busy cities of North Africa to the remote areas of Sub-Saharan Africa. This year has come to represent the growing dissatisfaction of millions of people who want comprehensive changes, increased political…
- Central banks across the globe hold a very important position in the world’s economic growth as they primarily manage a country’s money supply and interest rates.
- Africa’s ‘Big 5’ wealth markets — South Africa, Egypt, Nigeria, Kenya, and Morocco —collectively represent 56% of the continent's millionaires and over 90% of its billionaires. Per Forbes's real-time billionaire ranking, Nathan Kish, is currently the oldest billionaire on the continent at 92.
- Nigerians on the 1st of August, 2024 began its "End Bad Governance in Nigeria" protest, and 5 days in, the protest has recorded some very peculiar events.
- Air travel, celebrated for its convenience and speed, has become increasingly important in Africa, a continent known for its vast distances and challenging terrains.
- In an interesting turn of events, Nigeria's Aliko Dangote has reclaimed the title of Africa's richest man, just days after South African businessman Johann Rupert briefly overtook him. As of August 5th, 2024, according to Bloomberg’s billionaire real-time index, Dangote's net worth stands at $13.7…
- One of Nigeria’s largest food companies, BUA Foods, recorded a significant growth in revenue this year, despite the volatility in the market. Spurred by increased sales in sugar, pasta and flour, BUA Foods grew at a rate over 30% during the year. However, the year for the food giants was not…
- A statement by a Ukrainian spokesperson has prompted a severe response from the West African country of Mali. The statement suggest that Ukraine, has been working in the shadows against the security of the Malian people, thereby triggering a swift response from Malian authorities. Prior to this,…
- Ukrainian Foreign Minister Dmytro Kuleba will visit three African countries this week to garner support for Kyiv's stance in its ongoing conflict with Russia.
