- Barely 24 hours since Uganda shipped its first batch of petroleum products to Kenya, the two countries are already faced with a complication. Uganda, according to a recent report has been charged millions of dollars more by Kenya in bond fees. This was done in response to a suspected smuggling ring…
- Afrobeat superstar, Rema is on the lineup of star-studded musicians set to perform at the world's most expensive wedding of 2024, happening this weekend.
- In many parts of Africa, the rail networks date back to colonial times. The first railway on the continent was the Alexandria-Cairo line in Egypt, completed in 1856.
- Data breaches are a worldwide issue, but the implications may be particularly severe in African countries. As the continent rapidly digitizes, the risks of data breaches increase, raising serious concerns about economic stability, national security, and personal privacy. Data breaches can be costly…
- Nigeria’s daily oil production for June increased slightly from its figure the previous month. Production of oil in the West African country increased by 25,000 barrels per day. This is a step in the right direction given Nigeria's consistently declining oil production since the year began. As per…
- According to the Salaries and Remunerations Commission, a relieved Kenyan Cabinet Secretary is entitled to a gratuity of 31% of their basic salary for each year served
- According to the Food and Agriculture Organization of the United Nations (FAO) and World Food Programme (WFP), severe food insecurity is expected to worsen in 18 hunger hotspots. A few of these hotspots are in Africa, highlighting numerous factors that contribute to food insecurity in some parts of…
- Following the debacle within Nigeria’s oil sector, oil regulators have reached an agreement with oil producers to stabilize the sector. The deal would ensure that domestic refineries would be able to buy crude at market prices. There has been concerns in Nigeria's oil sector concerning sale of…
- At the beginning of 2024, the number of companies in the Nigerian stock market with a market cap of over a trillion naira grew to 13. Behind these records lie the efforts of individuals, notably the MDs and CEOs, who bear the weight of responsibility in steering their companies through turbulent…
- The scrutiny and discrimination of the LGBTQ+ community in several African countries is one of the most glaring in the world. Most of Africa still has a very low tolerance level for the group. Many LGBTQ+ people are abandoned by their families, and rejected by society. Discrimination against…
- African mines have the potential to supply nearly 10% of the world's rare earth elements within five years, up from zero today, thereby introducing new players into a market currently dominated by China.
- Ethiopia made significant gains from its coffee market in the 2023/24 fiscal year, surpassing the previous year’s figure. The Ethiopian government disclosed that coffee exports raked in $1.43 billion in revenue during the period under review. They also disclosed that they sold 20% more coffee per…
- Nigeria's informal sector is an important part of the country's economy, giving jobs and income to millions of Nigerians. This sector, which comprises unregistered and unregulated firms, covers a wide range of activities, including street vending, small-scale agriculture, domestic employment, and…
- A new study titled The Henley Private Wealth Migration Report 2024 has shown that some countries are steadily growing their millionaire population to measure up with the world economic powerhouses like the United States of America and China.
- Morocco plans to purchase a spy satellite from Israeli Aerospace Industries (IAI) in a $1 billion deal, according to Moroccan media reports on Wednesday.
- Anant Ambani, the son of the richest man in Asia, Mukesh Ambani, is set to marry his longtime girlfriend Radhika Merchant in a grand ceremony, which many anticipate will be the wedding of the year.
- Crime, ranging from petty thefts to organized crime syndicates, has far-reaching effects on countries. In mid-2024, South Africa recorded the highest crime index in Africa.
- Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against them. However, the Cameroonian president's…
- Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against them. However, the Cameroonian president's…
- Kenya is reportedly on the verge of closing 19 Memorandums of Understanding with several Middle Eastern countries. This was revealed by Kenya’s Prime Cabinet Secretary; Musalia Mudavadi during a meeting on Wednesday. He noted that some of the negotiations had gone far, but failed to give a specific…
- A collaborative construction project between the Eastern African nations of Ethiopia and South Sudan was currently greenlit. Both countries in a joint effort, have decided to build an alternative oil infrastructure. The decision was reached to bolster security in both regions as well as expand on…
- Nigeria's NNPC is negotiating another oil-backed loan to strengthen its finances and enable further investment, according to its chief executive, Mele Kyari.
- Some African cities are renowned for providing their citizens with a superior quality of life. Investments in infrastructure, healthcare, education, and public services have significantly improved living standards in many of these cities.
- In recent years, Africa has been rocked by anti-Western military interventions, leading to numerous coups, particularly in its western region. These events have shaken the foundation of its democracies and sparked global concern.
- In an attempt to connect with his people’s struggles, the president of Liberia; Joseph Boakai, has decided to take a massive pay cut. The Liberian president recently announced that he would be lowering his pay by 40% due to economic pressures in the country. This is reminiscent of former president…
- A low cost of living in some African nations indicates that the costs needed to maintain a specific quality of life are lower than in other regions. In addition to being a financial benefit, the low cost of living in several African countries serves as a spur for development and prosperity. Despite…
- Uganda Airlines is setting the stage for a significant expansion over the next five years, aiming to double its fleet and broaden its destination network. A part of this growth strategy is the airline's decision to launch new international flights to London Gatwick by the end of 2024.
- Kenya’s credit rating was recently downgraded by the data intelligence firm: Moody. This slash is a result of the recent Kenyan protest that coerced its government into halting its plans to raise more than $2 billion in new taxes. The protest which turned deadly saw the loss of Kenyan lives and…
- In 2024, several African countries are still dealing with the continuous burden of excessive inflation. This economic state, characterized by a continuous increase in the general price level of goods and services, has various serious consequences for any country that experiences it. In addition to…
- Africa is a large continent with a wide range of security needs and economic capabilities across its 54 countries. As a result, defence budgets vary significantly from one country to another.
- The U.S. military withdrew its personnel from Niger's Air Base 101 near the airport in the capital, Niamey. This move precedes the planned exit from a major drone base near the desert city of Agadez in the coming weeks, according to Reuters.
- Even while African countries are becoming more and more prominent on the global stage, several of them still confronts obstacles that other developed regions do not. One of the problems the continent faces is poverty, as a result, commodities must be reasonably priced given the median wage on the…
- The new Prime Minister of the United Kingdom has revealed that the Rwandan deportation scheme former prime minister; Rishi Sunak, advocated passionately for will be nullified. The program is "dead and buried," Sir Keir Starmer stated on his first full day as prime minister. He noted that the scheme…
- The leaders of Burkina Faso, Mali, and Niger chose to keep going with their plan to leave the West African bloc and form their confederation. To this effect they recently signed a treaty, resolving to leave a bloc that continues to advocate for the return of military rule in the junta states.…
- In Africa, several economic challenges almost make good quality of life seem like a mirage in the desert. Despite this, some African countries still rank better than others in terms of quality of life.
- With its huge market, Nigeria plays a significant role in the continent's economic landscape. African economic integration and development benefit from intra-continental trade. Nigeria's strong engagement in intra-African trade adds to the growth of a unified future by stimulating industrialization…
- Senegal has hinted at plans to withdraw from a 700 million-euro contract with a firm from the Middle Eastern giants; Saudi Arabia. This is part of the new administration’s plan to pull out of deals they deem unfavorable signed under the former president. The Saudi deal in question involves the…
- Zimbabwean President Emmerson Mnangagwa suggested that ZIG - the nation’s new gold-backed currency will become the sole legal tender before the 2030 deadline, phasing out the current multicurrency system.
- The ECOWAS currency is aspired to become a cornerstone of economic integration, streamlining trade and bolstering monetary stability across the region.
- Despite being characterized by its operations outside of a legal framework be it a pro or con, informal businesses in Nigeria are being taxed similarly to registered organizations. A recent report revealed that a significant portion of the informal sector in Nigeria pays taxes.
- President William Ruto has made a bold move by eliminating the budget for the offices of Kenya's first and second ladies following nationwide protests.
