- Data breaches are a global problem, but the consequences can be especially severe in African countries. As the continent quickly digitizes, the dangers of data breaches grow, posing serious concerns to economic stability, national security, and personal privacy. The issue of data breach can also be…
- According to a half dozen sources, oil suppliers are pulling away from doing business with the Nigerian government. These marketers have decided to suspend dealings with the country due to the debt the government continues to incur. Debts owed by the government, as far back as January, reaching as…
- In Africa, coal usage entails a complicated combination of economic incentives, environmental issues, and health concerns. While coal remains a key component of numerous African countries' energy mix, the continent is shifting towards a future driven by cleaner and more sustainable energy sources.…
- In Africa, coal usage entails a complicated combination of economic incentives, environmental issues, and health concerns. While coal remains a key component of numerous African countries' energy mix, the continent is shifting towards a future driven by cleaner and more sustainable energy sources.…
- Diesel costs have a considerable influence on the social and economic development of various African countries, as they do in most other regions across the globe. The increase in diesel prices has a knock-on effect on various industries, including transportation, agriculture, and the overall cost…
- Niger's junta has agreed to discussions with Benin's government, facilitated by two former Benin presidents, aiming to restore relations after a coup in Niger last year resulted in border closures and the shutdown of a China-backed oil pipeline in May.
- According to the Nigerian Customs Service, importation of cars dropped by an alarming 45%. This is due to the economic hardship plaguing the country, particularly with its foreign exchange rate. Adewale Adeniyi, Comptroller General of the Nigeria Customs Service, provided this information in an…
- As Uganda inches closer to becoming an oil-producing nation, activities related to the oil sector have begun to pick up steam. The taxation of oil and associated goods is one such activity. According to a recent report by Accountant General Lawrence Semakula, these levies have substantially…
- Recently, European Union (EU) warships anchored off the coast of Puntland, a territory located in Somalia. This move marks the growing partnership between both parties as they aim to improve marine security in the area. Upon arrival, a meeting was held to discuss a plethora of issues all of which…
- Nigeria, Africa's largest market, plays a critical role in the continent's economic landscape. Trading with other African nations benefits the continent's economic growth, unity and development. Nigeria's strong engagement in intra-African trade may propel the continent toward a more wealthy and…
- The cost of living in many African cities is rising due to economic downturns. A recent Numbeo index revealed the mid-year cost of living in various African cities.
- Roads are crucial for any development agenda, connecting workers to jobs, students to schools, the sick to hospitals, and producers to markets. However, carrying goods from one African country to another is often a lengthy and expensive process, partly due to the insufficiency of roads.
- Tanzania is quickly modernizing transportation with some of its initiatives. One such initiative is the purchase of two new electric multiple-unit (EMU) trains from South Korea. This adds to an EMU purchased in April, bringing the total amount of EMUs in the country to three. The new electric…
- While a high total IMF credit outstanding can offer vital financial support and help stabilize an economy, including in Africa, it also entails considerable duties and problems that the any given nation must successfully manage. The total amount of debt owed by a country is at risk of rising in…
- The Ghanaian chef, Ebenezer Smith, simply known as Chef Smith had broke the news that he set a new record for the longest cooking marathon. However, has claim seems to have been fabricated with an elaborate plot to disguise himself as the new world record holder. Guinness World Records has…
- TotalEnergies SE is planning to exit its gas-condensate discoveries off the coast of South Africa to focus on exploration efforts closer to Namibia, according to sources familiar with the matter.
- The military Junta in Burkina Faso has been accused of coscripting critics into its military. This was corroborated by Arouna Loure’s story, a vocal critic of Burkina Faso's ruling military junta, who was allegedly forced to serve the military. The story relays that he got a conscription order on…
- Coal production continues to be a key driver of economic growth and energy security in many African countries. Its importance in creating jobs, sustaining industries, and maintaining a consistent energy supply cannot be overstated. While there is growing demand to cut carbon emissions, African…
- Local tourism operators in Zimbabwe are setting their sights on attracting more travellers from Russia. According to recent data, there has been a recent surge in group travels from Russia, China and Japan, signifying a positive trend for the government, which aims to stimulate growth and…
- Nigeria's new Dangote oil refinery is ramping up gasoil exports to West Africa, edging out European refiners, according to traders and shipping data.
- Uganda's coffee industry has achieved a significant breakthrough in the Turkish market, with exports increasing by an extraordinary 2,200% between 2019 and 2024.
- Following the immensely eventful protests that ensued in Kenya over the introduction of a new tax bill, the current administration under President William Ruto has decided to make a few adjustments. The protests which saw the loss of approximately 20 lives, forced the government to revert its tax…
- The Chairman of the Dangote Group: Aliko Dangote has said that Premium Motor Spirit popularly referred to as petrol from his refinery would hit the market in the 3rd week of July. While this is cause for celebration, marketers across the country have expressed concern about the influence this could…
- During the execution of one of the contracts, Ernst & Young Kenya made provisions for allowances to be paid to project officials, which is considered fraudulent and corrupt practices according to the WBG Consultant Guidelines.
- Several African countries are currently combating the issues of money laundering, terrorist financing, and proliferation financing, as identified by the Financial Action Task Force (FATF). While some of these countries are classified as high risk, others are not as severe despite being placed under…
- The Campaign for Democratic and Workers' Rights (CDWR) in Nigeria has urged Organised Labour to consider declaring a nationwide strike over the minimum wage and the recent increase in electricity tariffs.
- Roads are often referred to as the "nerves" of an economy, and for good reason. They form the backbone of a country’s infrastructure, boosting the movement of goods, services, and people.
- Kenya and China recently partnered on a deal that is intended to lead to the growth of the entertainment industry. The new deal between both countries would see to the development of the Kenyan film industry as well as the introduction of Chinese culture into the country via film. A ceremony was…
- The cost of diesel fuel has a significant impact on the social and economic development of several African countries, much like most other regions across the globe. The rise in diesel costs has a ripple effect on several industries, encompassing transportation, agriculture, and the general cost of…
- Ethiopia and South Sudan are collaborating on a project worth $ 738 million to link both countries. The project which entails building a 220-km cross-border road was initially signed the previous year in May. The project would begin as soon as the president of South Sudan gives the final…
- Nigeria’s debt for the first time in its history has become a cause for concern. This new alarming development for Africa’s largest economy is due to its increased debt-to-GDP ratio coupled with its high debt service-to-revenue ratio. A recent report published last week denotes that the country’s…
- Nigeria’s debt for the first time in its history has become a course for concern. This new alarming development for Africa’s largest economy is due to its increased debt-to-GDP ratio coupled with its high debt service-to-revenue ratio. A recent report published last week denotes that the country’s…
- Following the protest in Kenya that shook the country to its core, the president of the East African country, William Ruto, addressed the situation again during a roundtable with the media at State House Nairobi. There he noted that the grievances held by the people should not lead to a disregard…
- The Turkish Embassy in Nigeria has refuted claims of a visa ban on Nigerian passport holders, calling the reports false and urging the public to disregard them.
- Nigeria’s finances in June got a boost in its foreign reserves, according to data from its Central Bank. The Bank’s data showed that the country’s foreign reserves appreciated 4.06%. This is contrary to the controversial news that was reported in April concerning the Central Bank using the forex to…
- Billionaire Anil Agarwal’s Vedanta Ltd can regain control of the Konkola copper project in Zambia after a court-sanctioned plan to settle debts owed to the mine’s creditors.
- The naira ended the first half of 2024 as the world's worst-performing currency, with a steep devaluation, insufficient dollar liquidity, and market volatility undermining efforts to stabilize its value.
- In June 2024, a few African countries saw a reduction in fuel costs, even amongst African countries known to typically have the highest prices of fuel on the continent. The reductions were brought about by a combination of economic factors, both domestic and international. The average fuel price…
- Uganda’s population has experienced a significant increase in the last decade. What was a country with a population of 34.6 million has now seen an addition of around 11.3 million more people. The country’s most populous traditional kingdom accounted for most people in the current data.
- It is often said that the future of the world lies in Africa, largely due to its rapid population growth. This growth presents both challenges and opportunities for African cities, especially their capital cities, which serve as focal points of economic, political, and cultural activity.
- The Nigerian government has plans to purchase an Airbus A330 aircraft seized from an unnamed Arab prince and businessman who defaulted on hundreds of millions of dollars in debt to a German bank, according to Premium Times.
- Pump prices may rise as much as 300% in some states in Nigeria, the Society of Energy Editors (SEE) 2024 Third Quarter Outlook for Nigeria’s Energy Sector (July and September 2024) report found.
- Africa, often called the "next frontier" for economic growth and development, is expected to become a hotspot for FDIs, but progress is still slow. FDI inflows into the continent fell by 3% to $53 billion.
- Russia has expressed its desire to strengthen ties with the Democratic Republic of the Congo. According to the Kremlin, the Central African nation is seemingly a very promising country for developing relations. This evaluation came after the president of the Congo visited Moscow, the capital of…
- Owing to Namibia’s susceptibility to drought, the Southern African country is looking to build its second desalination plant. This industrial unit is typically used to remove mineral components from saline water. Namibia intends to begin construction early next year. This project was first…
- Africa is a continent of remarkable diversity, and its cities are a testament to it. Each city has its unique mix of culture, history, and opportunities. However, in certain pockets of this varied landscape, daily life is marred by challenges arising from ongoing political instability, economic…
