- Senegalese government were open to Akon’s promises to attract businesses and create jobs in an economically deprived, mostly agrarian part of Senegal. But the project has not progressed beyond the stage of promises.
- Femi Otedola, one of Nigeria's richest individuals has voiced strong support for implementing a windfall tax in Nigeria. He made his sentiments known via a statement to the Nigerian newspaper, Premium Times, where he criticized some of the industry leaders in the banking sector, accusing them of…
- The Nigerian police are on red alert and may soon seek military intervention to maintain order following a wave of violent protests that have erupted in several major cities across Nigeria.
- Gabon’s Transitional President, Brice Clotaire Oligui Nguema, expressed his country's desire to reduce reliance on food imports and hoped to benefit from Uganda's experience in wealth creation.
- The Northern State of Kano, which has been one of the worst hits of the protest, has begun taking some measures to quell the disarray currently engulfing the state.
- Customer service has become a big priority in the airline industry, especially in Africa, where the aviation sector is growing fast. Kenya Airways boasts the best airline staff service in 2024, with South African Airways coming in second, according to the report.
- Sales of rough diamonds in Botswana have dropped significantly in the first half of 2024 as demand for gems slowed in the wake of global economic uncertainty.
- Violence erupted across Nigeria on Thursday as #EndBadGovernment protesters clashed with police and local miscreants in multiple states, including Abuja, Lagos, Kano, Borno and other states.
- The Osu Traditional Council in Ghana has called on President Nana Addo Dankwa Akufo-Addo to act swiftly on the signing of the controversial anti-LGBTQI bill, which has been pending for some time.
- Uganda’s Bujagali Energy Ltd has inked a deal with French oil giants TotalEnergies in a bid to attain its renewable energy targets, while also meeting energy demands in the country. The partnership seemed to have been well received in the East African country. TotalEnergies also intends to expand…
- The real estate market in Africa is expected to reach a value of US$16.60tn by 2024. Within this market, the residential real estate segment dominates with a projected market volume of US$13.97tn in 2024.
- Nigerians have come to a consensus that the 1st of August, 2024, would mark the first day of its "End Bad Governance in Nigeria" protest. Nigerians of all ages and walks of life have decided to take to the streets to protest against the current state of affairs in the country. Under the hashtag #…
- Nigerians have come to a consensus that the 1st of August, 2024, would mark the first day of its End Bad Governance in Nigeria protest. Nigerians of all ages and walks of life have decided to take to the streets to protest against the current state of affairs in the country. Under the hashtag #…
- A Kenyan appeals court has ruled that a series of taxes introduced in 2023 are unconstitutional, putting a vital revenue source for the government at risk.
- On July 31, 2024, Nigerians woke up to the sad news of the passing of the legendary singer, Onyeka Onwenu whose music defined the 80s and 90s and continues to inspire future generations.
- Kenya has for years been dealing with a very bizarre adversary to its hospitality industry, and that is the Indian house crows. From as far as Zanzibar and Comoros, these crows have become accustomed to constituting a nuisance on some of Kenya’s coastal regions. They have also caused losses to…
- MTN Nigeria reported a substantial loss after tax of ₦519.1 billion in the first half of 2024, largely due to challenging macroeconomic conditions in Nigeria.
- Airport lounges have become a key component of modern air travel, offering travellers a welcome break from crowded terminals and a touch of luxury before their flights.
- Nigeria’s energy company, The Nigerian National Petroleum Company Limited (NNPC), recently unveiled plans to bolster the Nigerian oil sector before the end of the year. The group revealed that it aims to produce two million barrels of crude oil per day by the end of the year.
- The World Bank announced on Tuesday that its board has approved a $1.5 billion credit for Ethiopia as the country continues its efforts toward long-term debt restructuring.
- Following an outbreak of Monkeypox (mpox) within the East African region, the governments of the eight member states have embarked on a mission to impart the dangers of the disease to its citizens.
- France on Tuesday sided with Morocco on the matter of its sovereignty over the small Western Sahara country. This was a devastating setback to Algeria's Polisario Front, which claims the Western Sahara region as an independent state. Algeria, as a result, has decided to withdraw its ambassador to…
- South Africa plans to approach the European Union to discuss its proposed tax on carbon-intensive imports, arguing that it will negatively impact the economies of BRICS nations.
- Corruption ranked 4th among the most important problems affecting Nigeria, Africa's most populated country in 2023, after the cost of living, insecurity and unemployment.
- The Kampala City Traders Association (KACITA) has announced its decision to embark on a nationwide tomorrow following the abrupt cancellation of a meeting with President Museveni.
- French oil major TotalEnergies announced on Monday that it would withdraw from an offshore natural gas block off South Africa's southern coast, citing the commercial challenges of developing the finds, Reuters reported.
- The Nigerian government has requested a $500 million loan from the World Bank to solve its water security problems. More precisely, the Nigerian government intends to improve dam safety and strengthen water resource management throughout the country. This would be done under the Sustainable Power…
- With online banking options, some banks have witnessed the growth of their digital channels as the adoption of digital technology increases among their customer base.
- The International Monetary Fund, on Monday, approved a Special Drawing Rights (SDR) 2.556 billion ( US$3.4 billion) Extended Credit Facility for the East African nation of Ethiopia. This is coming shortly after the country allowed its currency to trade freely. With this new loan comes some key…
- The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.
- The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.
- Property prices in Africa have experienced huge fluctuations and growth over the past few decades. the real estate market in Africa is expected to reach a value of US$16.60tn by 2024.
- Africa’s richest man Aliko Dangote, has seen a significant drop in his net worth in the last year, despite the launch of the Dangote refinery. The year leading up to July 29th, saw the Nigerian businessman and philanthropist lose over $1 billion.
- In an exclusive interview with Business Insider Africa, Olivier Buyoya, the Regional Director for West Africa at the International Finance Corporation (IFC), shared his vision for driving economic growth and sustainable development in the region.
- Africa’s largest defense and aviation exhibition, known as Africa Aerospace and Defence (AAD), 2024, set to hold in South Africa will feature some Russian companies including Rosoboronexport. This event dates back to a little under 50 years ago, when it was inaugurated. Both countries have…
- Ethiopia has allowed its currency to trade freely to secure International Monetary Fund (IMF) support and make progress on a long-delayed debt restructuring.
- The Kenyan currency has dropped as a result of disruption in economic activities, particularly within the trade and tourism industries. The currency’s recent decline could be attributed to the ongoing protests in Kenya. Prior to these protests, the currency had been on a positive trajectory during…
- The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has threatened to shut down pipeline facilities if crude oil is not sold and supplied to Dangote refinery and other local refineries.
- The couple, identified as J. Godwin and his concubine B.G., reportedly transported and supervised young Nigerian women, forcing them into prostitution to repay travel expenses.
- President William Ruto has revealed that 1000 Kenyans leave the country weekly to work in foreign countries as part of the government-backed labour export program.
