- Ethiopia has decided to call back some of its citizens living in the most unideal conditions abroad. The country plans to re-introduce thousands of its citizens back to its country. The decision was made public a week back and would be taking effect as early as April. This initiative highlights…
- In a remarkable turn of events, Nigeria's economy has witnessed a sudden surge with a staggering $1.5 billion influx within just a week. The Central Bank of Nigeria (CBN) has taken center stage in orchestrating this financial boost, strategically injecting funds to stabilize the country's foreign…
- Nigerian businessman Femi Otedola, after falling below the $1 billion has seen his net worth jump to $1.7 billion. The Head of the First Bank of Nigeria Holdings Plc (FBN Holdings), and the CEO of the top power-generating firm, Geregu Power, has seen his net worth fluctuate over the years. Forbes…
- The International Monetary Fund (IMF) has approved a $5 billion augmentation to its loan program for Egypt. This move comes as part of efforts to boost the country's economy, which has been facing challenges exacerbated by the conflict in Gaza.
- African countries have been predicted to dominate the world’s top 10 highest-growing economies in 2024, according to a report on Recent Economic and Social Developments in Africa by the Economic Commission for Africa (ECA).
- Kenya’s tourism sector is set to get a huge boost following plans to build 31 new hotels. A new report shows that plans are already underway to establish 31 new hotels in Kenya this year, with a total of 4,268 rooms.
- Food waste is defined as food and the associated inedible parts removed from the human food supply chain. In 2022, the world wasted 1.05 billion tonnes of food. This amounts to one-fifth (19 per cent) of food available to consumers being wasted at the retail, food service, and household level.
- In a statement from the United States Department of Defense, the Pentagon noted that it hasn’t decided on whether to leave Niger yet. The statement revealed that the US military has not yet resolved to withdraw their troops from the West African country. This information was relayed by the Pentagon…
- Two executives from Binance, the world's largest cryptocurrency exchange, have filed a lawsuit against Nigeria's national security adviser's office and the anti-graft agency, over the violation of their fundamental rights and requesting the court to release them.
- The Central Bank of Nigeria (CBN) has raised the capital requirements for commercial banks with international licenses to N500 billion, while national banks must now have a minimum capital base of N200 billion.
- Egypt, Nigeria, and South Africa have emerged as the most polluted countries in Africa in terms of air pollution and disease burden. These three major countries are faced with the profound health consequences of air pollution, which is further exacerbating the impacts of climate change on the…
- Human life expectancy has doubled in the past century, but huge disparities exist. Unfortunately, some African countries find themselves on the lower end of the spectrum.
- In Kenya, there seem to be a higher obesity rate for the female demographic than their male counterparts. A recent study reveals that this is likely due to lifestyle and bad eating habits amongst others. Additionally, the cost of a healthy diet in the country and the activity disparity between…
- The recently built Dangote refinery could significantly dent the European oil market. The refinery threatens to heighten the competition for European refineries in a market that already seems over-saturated. According to economists, the Dangote refinery might halt the decades-long gasoline trade…
- Kenya and Uganda appear to have resolved their oil dispute, with Kenya preparing to license the Uganda National Oil Company (Unoc). This move effectively ended months of a big disagreement that spilled over into the regional court and harmed diplomatic relations between the two countries. Sources…
- Patrice Motsepe, the South African billionaire, is in talks with Vivendi SE's Canal+ to team up for a multibillion-dollar bid for broadcaster MultiChoice Group, as per sources familiar with the situation.
- Terrorism undermines Africa in many ways, affecting people's lives, the continent's stability, and its capacity to grow. In recent years, a few African countries have been plagued by the scourge of terrorism, with numerous extremist organizations spreading fear, and instability. Terrorism in Africa…
- The latest update on Russia’s nuclear expansion into Africa shows that the Eurasian country has established a partnership with Algeria. This is barely two days after West Africa’s Burkina Faso signed a Memorandum of Understanding with Russia’s state corporation specializing in nuclear energy and…
- Russian President Vladimir Putin and Mali's junta leader Assimi Goita discussed security and economic cooperation over the phone on Wednesday, as confirmed by both countries.
- Bridges are ubiquitous vital structures we see around in Africa. Whether in bustling urban centers or remote rural areas, they play an important role in promoting connections, trade, and interaction within and outside the continent.
- Up to 150 Ugandan children are set to receive free medical surgeries in India in 2024. This was made known by the Secretary of the Indian Association of Uganda, Mr. Sasi Kumar, who noted that these children would receive free heart surgeries during the year. He also noted that these surgeries along…
- According to the Commercial Bank of Ethiopia, the largest bank in the country, 80% of the money it lost to a system glitch has been recovered. Much of the recovery is a result of people voluntarily returning the money they had taken on that day. Given that the news of the system error had spread…
- Togo has ratified a new constitution, extending presidential terms by one year but capping the number of terms to one. This move is expected to grant President Faure Gnassingbe an additional year in his 19-year tenure, prolonging his rule beyond initial expectations.
- The Moscow Kremlin revealed that the newly re-elected president of Russia, Vladimir Putin, and the chairman of Niger’s National Council, Abdourahmane Tiani, recently had an important phone call. Over the line, both men discussed security concerns in the Sahel region. They also discussed the…
- In recent years, Africa has seen a significant transformation in its political landscape: the rise of youthful leaders. This was made much more so with the triumph of Senegal's new president, Bassirou Diomaye Faye. While the emergence of young leaders on the continent seems sluggish, there is no…
- In recent years, Africa has seen a significant transformation in its political landscape: the rise of youthful leaders. This was made much more so with the triumph of Senegal's new president, Bassirou Diomaye Faye. While the emergence of young leaders on the continent seems sluggish, there is no…
- Scientists have revealed a new report that suggests that our species - Homo sapiens - emerged in Africa around 300,000 years ago. By analysing the modern and ancient genomic data for Europeans and Asians, researchers concluded that modern humans descended from Africa before migrating out of the…
- Africa's air travel is buzzing as more and more planes fill the skies. Africa has emerged as a sought-after destination for travellers from around the globe, drawn by its diverse attractions and growing business opportunities.
- As the world watches the United States struggle to maintain its military presence in Niger, there is growing concern that China may be planning to establish a second military base in Africa. The speculation surrounding China's plans comes at a time when African leaders are bluntly articulating and…
- Reports on Monday indicate that the Nigeria's currency may continue on its positive trend as currency traders were sold US dollars by the country’s central bank at a more favorable rate. The central bank in return requested that the currency traders sell no more than 1.5% above the purchase price.
- West Africa’s Burkina Faso and Russia’s state corporation specializing in nuclear energy and high-tech products, Rosatom are about to finalize a nuclear deal. Both sides are now in the process of signing a road map to build a nuclear reactor in the West African country. This is in line with Russia’…
- Africa's telecommunications giant, MTN, has struck a share purchase deal with Telecel, an Africa-focused telecommunications service provider, to acquire MTN's equity stakes in MTN Guinea-Bissau and MTN Guinea-Conakry.
- Africa's need for a strong military structure cannot be stressed enough. Given the ongoing hostilities in many regions, it is paramount that African countries buff up their military might, particularly in the amount of recruits. The courageous men and women who make up Africa's military have been…
- In this present day and age, literacy stands as a fundamental pillar for individual empowerment, societal progress, and economic development. Literacy has been high on the development agenda of government institutions over the past decades; however, in various corners of Africa, many people are…
- Binance, the global cryptocurrency exchange platform, stated that it is aware that Nadeem Anjarwalla, one of the two Binance executives detained in Nigeria following an ongoing probe of the crypto platform, is no longer in Nigerian custody.
- Despite confronting severe difficulties, certain African countries have achieved great gains in increasing their GDP per capita. The World Bank notes that “GDP per capita is the sum of gross value added by all resident producers in the economy plus any product taxes (less subsidies) not included in…
- The South African pop sensation Tyla has edged out every African artiste to become the number one most-streamed African musician on Spotify. This is coming just a few days after she released her debut album “Tyla.” The singer currently boasts the highest number of monthly listeners of any African…
- Senegalese presidential candidate Amadou Ba has conceded defeat in Sunday’s election to opposition leader Bassirou Diomaye Faye. Several of the candidates who contested the election have conceded to him, although official results have not been announced.
- Kenyan advertising tycoon Bharat Thakrar, known for his role in establishing WPP-Scangroup, has taken legal actions against WPP Plc, the UK-based parent company, and its Kenyan subsidiary, WPP-Scangroup, along with their directors.
- According to a recent study by Kuda Bank, young Nigerian adults are taking a more relaxed approach to their long-term financial goals. The study, which analysed a sample size of 774,532,224 transactions from 2023, revealed that Nigerian Gen Zers between 18 and 25 prefer to save their money rather…
- Africa’s richest man, Aliko Dangote has pledged a substantial amount to the alleviation of hunger in Nigeria. It has been revealed that he spent around N15 billion ($10 million) on food intervention programs across Nigeria. The food program is intended to run from March till early April.
- The Democratic Republic of Congo has surpassed Peru as the world’s second-largest copper producer. A recent report shows that the DRC’s production of copper in 2023 surpassed that of Peru, which prior was the world’s largest copper producer, second only to Chile. DRC is one of Africa’s richest…
- The streets of Senegal lit up on Sunday night with the prospect of having a new president. As of right now, Bassirou Diomaye Faye, the opposition candidate, is leading the Senegalese presidential election. The excitement on the streets of Senegal is in anticipation of the exit of an administration…
- Many African countries face different security challenges, including internal conflicts, terrorism, piracy, and border disputes. Over the years, military aircrafts have been the essential assets governments use to conduct aerial surveillance, and combat operations to counter these threats.
- In a bid to open its economy, particularly considering its recent civil war, Ethiopia has been launching initiatives to bring in foreign investors. Its latest move to this effect is the passing of a bill to let foreigners own real estate in the country. Prior to Ethiopia's new economic approach,…
- Some of the school children in the Northern region of Nigeria who were abducted have been rescued. The country’s Defence Headquarters recently revealed that the Nigerian army rescued the abducted pupils and teachers of LEA School Kuriga in the Chikun Local Government Area in Kaduna within Zamfara…
- Ghana and the United Kingdom trade in a variety of areas, including agriculture, industry, services, and technology. Notably, Ghana sends coffee, tea, crude oil, and vegetables to the United Kingdom while importing equipment, textiles, and meat, among others. Recent trade data show that bilateral…