- When it comes to air travel, having a seamless experience at the airport can make a difference in your trip. In Africa, some airports stand out for their exceptional facilities, services, and overall passenger experience.
- Illegal money changers in Zimbabwe have proceeded with their regular activities after an abrupt recess. Reports show that they have been spotted on the streets again, following their break after the country's move to revamp its currency. In April 2024, the Southern African country became the first…
- Zimbabwe's Central Bank governor has said that the country will refrain from printing additional ZiG notes unless it has the reserves to support the new currency.
- A nation's working-age population begins to decline when it experiences a demographic shift brought on by aging populations and falling birth rates. Some countries such as South Korea already have an alarmingly low fertility rate, with a population decline expected in the coming years, while some…
- According to a recent report, 2023 saw to the decline in the population of dollar millionaires in Kenya. This was a result of the poor performance of the country’s local currency. The report noted that the weak Shilling shed off the investable wealth in dollars these millionaires would have…
- The prevalence of dollar millionaires in African countries helps to drive economic growth, stimulate innovation, and improve social mobility. As growth catalysts and change agents, rich individuals play an important role in influencing their countries' destinies and unlocking prosperity for future…
- Several Africans have just been named to Time magazine's distinguished list of the 100 most influential people of 2024, indicating the continent's growing influence. The increasing prominence of Africans on the international scene is demonstrated by their placement in Time magazine's list of the…
- In recent years, Africa has seen a rise in its number of billionaires, but at the same time, many millionaires have left the continent. Over the past decade, almost 20,000 ultra-rich individuals have moved away or seen dramatic currency depreciations eat away their wealth.
- Russia is in the process of strengthening its relationship with Africa by actively investing in the continent’s healthcare sector. This intention was made known by the president of Russia, Vladimir Putin on Wednesday. He noted that for its part, Russia is prepared for close ties with Africa in the…
- Nigerian chess master, and founder of Chess in Slums Africa, Tunde Onakoya, will begin the journey to break the Guinness World Record for the longest chess marathon today.
- The internet and its accessibility are important in this present age. Whether it's for school, staying connected with friends, or watching movies, the internet has become something we can't do without around the world, including in Africa.
- Inflationary pressures, particularly in Africa are frequently exacerbated by high consumer prices, which reduce the value of savings and fixed incomes. High consumer prices disproportionately affect low-income earners and retirees who rely on fixed pensions, leading to a decline in real income and…
- An anomaly has been spotted in Nigeria’s path to its economic recovery as the country’s foreign exchange reserves (forex) depleted by over 2 billion in the space of a month. This is coming amidst news that the country’s currency, the Naira is gaining owing to government-implemented economic…
- According to Henley & Partners' 2024 Africa Wealth Report, the continent currently holds a total investable wealth of USD 2.5 trillion, with its millionaire population expected to rise by 65% over the next 10 years.
- According to Henley & Partners' 2024 Africa Wealth Report, the continent currently holds a total investable wealth of USD 2.5 trillion, with its millionaire population expected to rise by 65% over the next 10 years.
- Visa applications tend to be the first obstacle people encounter while looking to travel. In Africa, some countries find the process frustrating due to startlingly high rate in which they are denied visas. For context, 70% of the top 10 countries in the world with the highest visa rejection rates…
- The detrimental effects of weak central administrations in African countries are numerous, affecting every part of society, from economic progress to political stability and social welfare. As a result, governments must tow the thin line between establishing control and winning the confidence of…
- Oluwatomi Solanke is the CEO of Trove Finance, driving the company's mission to democratize access to global stock markets through micro-investing. We had an in-depth conversation with him to explore his pioneering role in Nigeria's micro-investment industry, addressing the initial challenges he…
- As Kenya's economy recovers, its president, William Ruto, appears to be gaining the goodwill of his people. Since the year began, Kenya’s economy has continued to experience significant wins. From the gaining of its currency to the reduction of inflation rates, the hardship Kenyans faced in 2023,…
- As recently reported, investment in Nigeria experienced a very dramatic decline over the last decade. To elaborate, Foreign Direct Investments (FDI) in Nigeria fell by $19bn in 10 years. The country's FDI went from $22.7bn in 2014 to $3.7bn in 2023. As a result, the Federal government has begun the…
- Navigating the property market in Lagos can often feel like an exercise in sticker shock, with eye-watering prices making homeownership seem like an elusive dream for many. The soaring costs of renting or buying a home in Nigeria's bustling metropolis are not merely the result of a singular issue…
- Tanzania, Rwanda, and Zimbabwe's drug regulators have recalled a batch of Johnson & Johnson children's cough syrup, following findings by Nigeria of elevated toxicity levels in its laboratory tests.
- The Nigerian currency has gone from being the worst-performing currency in the world to the best-performing currency. The Nigerian Naira experienced a 12% gain in April after being reported as the worst-performing currency in February. Assuming administrators stay on track with their current…
- Across Africa, each city has its narrative to share. While some cities boast modern facilities, lively cultures, and decent living standards, others face challenges like poor infrastructure, poverty, and inequality.
- Each year, Forbes honors the continent's most brilliant young people with its prestigious "30 Under 30" list. This list highlights people who are making huge strides in their fields. This year, the Forbes Africa 30 under 30 list is celebrating its 10th anniversary, and as a result was themed "…
- Nigeria's headline inflation increased to 33.20% year on year in March, up from the 31.70% reported in February, as per data from the National Bureau of Statistics (NBS).
- A recent survey revealed that Uganda’s current economic reality is prompting Ugandans to spend more than they earn. The survey indicated that 7 out of 10 Ugandans are currently living above their means. As a result of numerous factors, external and internal, the country’s adult population for the…
- Civil society groups, spearheaded by Amnesty International, are urging the government to block Shell Plc’s proposed sale of its onshore oil business in Nigeria. They argue that this action is necessary to ensure adequate safeguards for human rights.
- Nigeria’s debt stock as of Q4 2023, its last update period, saw an increase from its previous figure. Reports indicate that Nigeria’s debt stock increased by N10 trillion from Q3 2023 to Q4. This debt, however, which grew at a rate of 10.73% on a quarter-on-quarter basis, includes both domestic and…
- The Forbes 30 Under 30 Africa Class of 2024 is a vibrant group of visionaries who are influencing the continent's future and making an everlasting impact on the global arena. From technology to social impact, these young leaders are driving innovation, promoting inclusive growth, and reshaping…
- Niger has signed a $400 million memorandum of understanding with China National Petroleum Corp (CNPC), a state-owned oil behemoth, tied to the sale of crude oil from its Agadem oilfield.
- Elon Musk's Starlink has suspended internet services to Zimbabwe until it obtains licensing approval from the country's telecommunications regulator.
- 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.
- US senators have introduced a bill to extend the country's African Growth and Opportunity Act (AGOA) trade program with sub-Saharan African nations until 2041.
- About 90 per cent of the countries in Sub-Saharan Africa (42 of 47) are projected to have lower inflation in 2024 (relative to the previous year); however, a group of countries in the region still exhibit persistently high rates of inflation (above target) and, in some cases, these rates have not…
- Africa's economic landscape is undergoing a dramatic change in terms of economic growth, with some nations emerging as important drivers of Gross Domestic Product (GDP) growth in 2024. As the global economy recovers from recent problems, these countries are taking advantage of new trends to develop…
- Military instructors and personnel from Russia's defence ministry have arrived in Niger to train Nigerien soldiers and set up an air defense system in the country.
- Kenya has proposed an idea that would diffuse the tension between Somalia and Ethiopia. Kenya suggested that both countries come to a regional maritime treaty concerning Ethiopia’s deal with a region Somalia considers a breakaway state; Somaliland. Leaders of Ethiopia and Somalia are said to be…
- Libya overtook Nigeria as the top African crude oil producer for March, data from the Organization of Petroleum Exporting Countries (OPEC) has shown. According to the April 2024 Monthly Oil Market Report (MOMR), Libya recorded 1.236 million barrels per day (bpd) of crude production in March, up…
- Kenya has become the second African country, after Nigeria, to recall Johnson & Johnson’s children’s cough syrup following claims of an unacceptably high level of a potentially fatal toxic substance. Kenya's Pharmacy and Poisons Board (PPB) announced on Thursday, a day after Nigeria's health…
- In connection to a cyber crime ring in the Southern African country of Zambia, 22 Chinese nationals have been arrested. This arrest came as a result of the discovery of a "sophisticated internet fraud syndicate," which led to the arrest of a total of 77 people. The arrest resulted from the…
- Tuesday saw the repatriation of thirty-two royal items that had been taken from the Ashanti Empire in West Africa during the 19th century by the Victoria and Albert Museum (V&A) and the British Museum (BM). However, this repatriation is based on a loan deal. The Kingdom which is what is now…
- Netflix co-founder Reed Hastings and former Alphabet CEO Eric Schmidt, via his foundation, have participated in a funding round for an African solar irrigation startup.