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- The number of individuals who faced acute food insecurity in 2023 stood at over 281.6 million people across 59 countries/territories with about 158 million residing in Africa.
- Aliko Dangote has announced that petrol produced at his 650,000-barrel-per-day facility could be available at filling stations across Nigeria within the next 48 hours.
- The Catoca diamond mine in Angola which is the fourth largest open-pit mine in the World, responsible for producing over 75% of Angola's diamonds, is working towards repairing its relationship with Russia’s Alrosa. Alrosa’s stake in Angola's Catoca diamond mine is 41%. However, both parties came to…
- Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, has revealed plans to submit a proposal seeking to raise Nigeria's value-added tax (VAT) rate from the current 7.5% to 10%.
- Marketers have cautioned that petrol prices in Nigeria may climb much further in spite of the country's continued problems with fuel scarcity and price increases.
- In a bid to regulate illegality in currency exchange, and provide convenience, the Central Bank of Tanzania (BoT) last year granted approval for bureau de change operations in hotels. The bank had made the call for hotels graded 3 stars and above. So far, over 30 hotels in the East African country…
- The Nigeria Civil Aviation Authority (NCAA) has clarified the reasons behind the disqualification of Nigerian airlines from flying into the United States (US).
- Nigeria's Dangote Oil Refinery has started processing gasoline following delays due to recent crude supply shortages, according to an executive on Monday.
- Across numerous sectors, the month of August brought some economic relief to the people of Uganda. The country’s inflation rate fell slightly from July to August, owing to some key economic factors. One of said factors has to do with the East African country’s digital ecosystem, specifically the…
- Indonesia is set to finalize business agreements worth $3.5 billion with several African countries during the second Indonesia-Africa Forum, currently being held on the resort island of Bali.
- Ten persons in Nigeria are facing criminal charges after being labeled as enemies of the state. These individuals who participated in Nigeria's recent 'End Bad Governance Protest in Nigeria' may suffer the greatest sentence if found guilty for treason. Their attorneys have appealed for their…
- Being one of the largest oil producing nations in Africa, Nigeria’s Gross Domestic Product (GDP) benefits a great deal from the sale of this resource. However, it is important to note that the West African country has a diversified economy and thus other sectors have a substantial quota in its GDP.
- The long-awaited Dangote fuel is about to be on sale. The 650,000-barrel-per-day refinery was scheduled to start selling fuel to Nigerians in mid-September after missing multiple deadlines.
- The Nigerian National Petroleum Company Limited (NNPC Ltd) has acknowledged its outstanding debts to suppliers of premium motor spirit (PMS), commonly known as petrol.
- Egypt recently wrote to the United Nations concerning the incidents regarding the Ethiopian Renaissance Dam. For over a decade now, Egypt and Ethiopia have been at odds with each other on the construction of a hydroelectric dam located about 30 km upstream of Ethiopia’s border with Sudan.
- The president of Kenya, William Ruto has demonstrated that the unity of Kenya is of utmost priority. To this effect he has revealed his partnership with the opposition leader to his administration and the former Prime Minister of the country Raila Odinga. Ralia on Tuesday announced his candidacy…
- Tanzania’s power sector, while being unable to provide power for the entire country, boasts one of the cheapest electricity prices in Africa. According to a recent revelation, Tanzania has the cheapest electricity tariff in all of East Africa. This is thanks to government subsidies.
- South Africa's state logistics company, Transnet, has secured a 5 billion rand ($283.53 million) loan from the New Development Bank established by the BRICS group of emerging economies.
- The critical role of local donors in African development has become more widely acknowledged. While international aid and foreign donations have traditionally dominated the scene, Africa is beginning to build a strong community of local contributors.
- Two Kenyan students have emerged victorious in a prestigious global competition organised by the National Aeronautics and Space Administration (NASA).
- Abdul Samad Rabiu, Chairman of BUA Cement, has disclosed that the company’s initial plan to reduce cement prices to ₦3,500 per bag was thwarted by greedy middlemen, or ‘dealers.’
- Uganda’s alcohol market is experiencing a paradigm shift driven by some dynamic market forces. As a result, brewers offering their products to the country are scratching their heads in search of solutions to mitigate the problem.
- In its latest ICT index, the International Telecommunication Union (ITU) has revealed that the world is advancing towards universal and meaningful digital connectivity. In Africa, Libya stands out with the highest ICT index score.
- A stable and growing external Reserve helps to maintain the general health of a country’s financial system especially in Africa, which can lead to numerous benefits for Africans.
- The Southern-Russian city in Siberia; Novosibirsk, has reached out to Burkina Faso’s capital, Ouagadougou, to establish a twinning relationship. During the ongoing Technoprom-2024, held in Novosibirsk which is set to run from the 27th to the 30th of August, the Ambassador of Burkina Faso to Russia…
- Soft Power is defined as a nation's ability to influence the preferences and behaviours of various actors in the international arena. The soft power index, now in its fifth iteration with the 2024 edition, examines the perceptions of all 193 United Nations member states.
- Both West African countries of Nigeria and Niger recently inked a security deal in response to the common threat they face. This is despite the regional issues that arose from Niger’s coup on the 26th of July 2023. Since the coup, the relationship between these neighboring countries have been…
- Chinese lenders approved $4.61 billion in loans to Africa last year, marking the first annual rise since 2016. Between 2000 and 2023, China lent a total of $182.28 billion to Africa.
- While almsgiving has become a part of the overall human experience, not everyone can say they know firsthand or even understand its appeal. There are regions in the world where a sizable portion of the general adult population doesn’t indulge in helping people they don’t know. Some African…
- Starlink, SpaceX’s Low-Earth Orbit (LEO) satellite internet service, is now operational in Botswana, adding it to the list of African nations where the provider is operational.
- Over the past decade, there has been an average drop of 11 percentage points in satisfaction with democracy across Africa. Among the least satisfied nations are Gabon (7%), Congo-Brazzaville (15%), and Eswatini (11%).
- Delays from Boeing Co. in delivering aircraft have compelled Ethiopian Airlines, Africa’s largest carrier, to lease planes to maintain its expansion plans.
- In 2024, the profiles of African billionaires continue to see remarkable fluctuation, demonstrating how swiftly fortunes can change in the continent's unpredictable economic environment. From abrupt market volatility to revolutionary corporate acquisitions, the net worth of Africa's richest…
- The demand for skilled training by workers across the world has increased as the global job market demands for more technologically inclined experts.
- Ukraine’s disrepute continues to spread across Africa, as it gains notoriety in another African state, this time in Central Africa. This new development follows the ongoing debacle, Ukraine has with members of the Alliance of Sahel States (AES).
- Endeavour Mining Plc and Lilium Mining have resolved their legal dispute over the sale of two gold mines in Africa, agreeing to transfer the assets to the Burkina Faso government.
- Most African nations, which are traditionally known as having the continent's lowest gasoline costs, reported a modest increase in fuel prices in August compared to July. Several local and international economic forces conspired to trigger these shifts.
- The Nyerere Bridge in Tanzania, according to the government, has brought in a hefty sum since its establishment, but still has ways to go before the bridge's investment funds are recovered.
- While IQ can be a controversial measure of intelligence, it remains a popular measure. In Africa, Liberia has an average IQ of 45.07, placing it at 198th in global rankings.
- Libya's oil production has plummeted after authorities in the country's east enforced a shutdown, intensifying a crisis that the United Nations warns could threaten the economy's collapse.
- The African phone market has witnessed rapid expansion in recent years with the International Telecom Union (ITU) forecasting the number of mobile phone users to hit 500 million in 2025.
- In a bid to expand the capacity of the Tanzanian- Zambia Crude Oil Pipeline, simply known as the Tazama Pipeline, a contractor has been assigned the job of conducting a feasibility study.
- As it is within Sub-Saharan Africa, it has also been observed in the Northern part of Africa that Western influence is losing ground to Russian influence. This has been a predominant trend around the continent owing to some key factors, including the integration of some African countries into the…
