- A representative from the global cryptocurrency leader, Binance, claimed that Nigerian government officials attempted to extort $150 million in bribes from the company.
- The CEO of Binance, the global cryptocurrency exchange platform, has criticized Nigeria for setting a troubling precedent, following the detention of two Binance executives.
- Financial stability is an important priority for governments, businesses, and inhabitants in Africa. African cities that offers decent incomes across industries for the average residents ensures that they are empowered enough not only to take care of their immediate needs but also to bolster the…
- Africa finds itself at a crossroads, battling the issue of poor internet connections at a time when connectivity is essential to international contact. Even while Africa has a wealth of opportunities for digital innovation and technical growth, many Africans still struggle with a painfully…
- Aliko Dangote continues to hold his title as Africa’s wealthiest man with a current net worth of $13.4 billion, now ranking 144th globally. His financial empire is rooted in Dangote Industries, a conglomerate headquartered in Lagos, Nigeria.
- 2024 marks a distinct year for Africa as several African nations find themselves at a crucial juncture, preparing to engage in elections that will shape the trajectory of their governance and economic progress.
- The imperative for African countries to embrace adventure is not merely a matter of choice but a strategic necessity. By cultivating a spirit of boldness, innovation, and resilience, these nations can unlock new opportunities, overcome challenges, and chart a course toward prosperity and progress.…
- The imperative for African countries to embrace adventure is not merely a matter of choice but a strategic necessity. By cultivating a spirit of boldness, innovation, and resilience, these nations can unlock new opportunities, overcome challenges, and chart a course toward prosperity and progress.…
- Chad is about to become the first of Africa's current junta-led states to transition to democratic rule with its ongoing presidential election on Monday.
- With Russia’s stated interest in the African market, more countries on the continent are beginning to gravitate towards partnering with the Asian giant. This time it is the Central African nation of São Tomé and Príncipe, that have decided to enter a military partnership with Russia. Very recently…
- The potential of Africa’s rice market has caught the attention of the East Asian nation of South Korea. The ability of the continent to grow this staple crop has piqued the interest of South Korea which then decided to introduce the K-Rice seed, a technology to boost rice seeds. As a result, South…
- The Nigerian Electricity Regulatory Commission (NERC) has directed the System Operator (SO) at the Transmission Company of Nigeria (TCN) to cut back supplies to customers in Benin Republic, Niger, and Togo to boost domestic supply.
- Large labor forces are closely associated with increased productivity and production in all economic sectors. In African nations, industries such as manufacturing, services, and agriculture contribute significantly to GDP due to their large labor force, which is needed for production, distribution…
- Africa is buzzing with lively economies, all thanks to the hard graft of its people. The continent has even been dubbed the world's future workplace due to its ballooning young population. However, beneath the surface of economic growth lies a huge challenge, stress in the workforce.
- The Nigerian diaspora in the United Kingdom (UK) experienced a significant increase via the country’s educational system. What some would deem a loophole in the system allowed the number of Nigerian dependents in the country to increase by 34 times. This increase spanned from 2019 to 2022,…
- The approval ratings of China and Russia over the West in Africa continue to be accentuated. Recently, the president of the Democratic Republic of Congo gave his two cents on why he believes that Eastern influence is outgrowing Western influence in the mother continent, specifically in the DRC. He…
- It is virtually impossible to emphasize the risks associated with limited press freedom in Africa. The effects are numerous and profound, ranging from straining economic development and escalating social tensions to eroding democracy and accountability. Unfortunately, this has been a prevalent…
- The American and French governments are reportedly lobbying Nigeria and other regional countries to sign new defense agreements allowing them to redeploy expelled troops.
- Niger recently received assistance from its burgeoning bilateral ally, Russia. According to reports, a shipment of Russian humanitarian supplies landed in the West African country. This is according to Niger's security forces, who confirmed that the aircraft delivering the relief packages had been…
- The strength of a passport can greatly influence an individual's mobility and access to other countries. While some passports open doors to several destinations with ease, others face formidable barriers.
- Across all economic sectors, higher productivity and production are directly correlated with a sizable labor force. An enormous labor force drives growth in African countries where sectors like manufacturing, services, and agriculture play a significant role in GDP by supplying the labor required…
- A video of African employees being assaulted physically by an Asian man has gone viral on the Internet. The video, posted by Dom Lucre on X, shows an Asian man yelling at two Africans before proceeding to wield a stick, repeatedly striking the workers as they attempt to shield themselves from harm.
- The value of renewable energy in Africa cannot be stressed enough. The perks of creating green energy are numerous, ranging from combating energy poverty and promoting economic growth to improving energy security and reducing climate change. While Africa contributes the lowest carbon footprint of…
- US Officials have reported that Russian military personnel have made their way to an airbase in Niger that hosts US forces, following the recent decision by Niger’s leadership to expel the 1000 US troops stationed in the country.
- "Customer loyalty is earned, not given." This classic saying sums up the essence of airline loyalty programs, where airlines vie for travellers' allegiance through several incentives and rewards around the world and in Africa.
- The West African country of Benin has made history by becoming the first country in Sub-Sahara Africa to join the European Bank for Reconstruction and Development (EBRD). This is coming nearly a year after Benin submitted its application to join the group. With its approval, the bank owned by over…
- Expensive real estate prices exacerbate the housing affordability dilemma, making it more difficult for regular people to find adequate and affordable housing. Rapid urbanization in many African cities, combined with a scarcity of housing, drives up property costs, pushing low- and middle-income…
- Africa’s relationship with Russia seems to be growing stronger as Zimbabwe offers to immortalize one of Russia's historical events. The Southern African nation is creating a monument to commemorate the victory of the Soviet Union in the Great Patriotic War. The monument is scheduled to open in…
- Money knows no borders, but sending it across borders used to be a Herculean task, especially in Africa, where it was particularly challenging. While it's still no walk in the park, the proliferation of payment companies on the continent has made the process much more manageable than before.
- GoSolr, a company supported by South African mogul Patrice Motsepe and the largest bank on the continent, intends to invest 10 billion rand ($537 million) in implementing a program to lease solar panels and batteries to households in the country, which has been plagued with power outages.
- GoSolr, a company supported by South African mogul Patrice Motsepe and the largest bank on the continent, intends to invest 10 billion rand ($537 million) in implementing a program to lease solar panels and batteries to households in the country, which has been plagued with power outages.
- The leaders of numerous African states convened in Nairobi, the capital city of Kenya, to talk about financing for the International Development Association of the World Bank. Discussions on key areas where wealthy nations and their development partners may concentrate on accelerating continental…
- According to reports on Tuesday, Uganda and the United States have collaborated on a pharmaceutical project. The report indicated that the US's Walter Reed Army Institute of Research (WRAIR) teamed up with Ugandan scientists to develop an HIV vaccine. The vaccine uses the mRNA vaccine technology…
- Mali experienced its hottest day on record last month, with temperatures soaring to 48.5°C. The intense heat has continued across large parts of the country, leading to an increase in demand for cooling essentials like ice.
- The United Kingdom has sent its asylum-seeker to Rwanda under a voluntary initiative. This development follows the UK government's recent enactment of a contentious law permitting the deportation of irregular migrants to the country.
- Although foreign loans can serve as a valuable tool for financing growth and bridging immediate financial shortfalls, the unregulated accumulation of debt, especially in African countries, often fosters economic instability and hampers sustainable long-term development. Regrettably, this scenario…
- The British auction House, The Saleroom is said to have a large collection of Egyptian antiques for sale. While this is hardly news, what has piqued the interest of the general public is the fact that 18 of these relics are old Egyptian human skulls, as exhibited on the auction house's official…
- Africa, long known for its rich cultural legacy and various landscapes, is now emerging as a hub of wealth generation and economic progress. One of the most notable developments of recent years has been the fast increase in the number of High Net Worth Individuals (HNWIs) throughout the continent.…
- Nigerian president Bola Tinubu recently announced he has clinched a $600 million investment deal with Danish shipping and logistics titan Maersk. However, Maersk seems unaware of any such agreement.
- During their next trip, the Sussex royal couple Prince Harry, and Meghan Duchess of Sussex will be going somewhere closer to home for the Duchess, they would be paying a visit to somewhere Meghan has some ancestry; Nigeria. Reports indicate that the Nigerian Chief of Defense Staff invited Meghan…
- At almost any African party, you can bet that water alone won't satisfy people's thirst or kick off the festivities. Africans enjoy celebrations and socializing, and one of the ways they do so is by drinking beer.
- Africa is incredibly rich in resources, including oil, rare earth minerals, gold, and diamonds. Despite this, the continent has not yet reached its full economic potential. However, there is rising anticipation that Africa may emerge as one of the world's wealthiest continents if it can properly…
- According to a new report, there is a thriving market for used and refurbished smartphones in the Middle East and Africa. The report, which delves into the rising demand for refurbished smartphones in the Middle East and Africa, found that the MEA smartphone market was deemed the fastest growing in…