- Beautiful African cities represent the culture and heritage of a continent well known for its diversity and historical precedence. These cities serve as ambassadors of the continent's rich cultural heritage. From the busy and colorful marketplaces of Marrakech to the ancient streets of Cape Town's…
- Senegalese President Macky Sall has set the date for its delayed presidential election for March 24, following a top court ruling that deemed holding the vote after his mandate expires on April 2 unconstitutional.
- In December, Kenya's economy, specifically in Nairobi, experienced an aberration in which inflation disproportionately affected those with the most wealth rather than the poor. High-income earners were hit the hardest by consumer prices. This was an odd trend given that a rise in consumer prices…
- Egypt’s decision to increase its interest rates, which allowed its currency to depreciate by more than 35% has paid dividends. The International Monetary Fund (IMF) said on Wednesday that it will raise its current loan arrangement with Egypt by $5 billion. The lender has kept good on its word,…
- The urgency to enhance capital inflow into Nigeria, the largest economy in Africa, is more crucial now than ever. The Nigerian economy has been facing increased challenges lately, dealing with issues like inflation, unemployment, and a shortage of foreign exchange.
- When people think of Africa, they frequently envision varied landscapes, rich cultures, and lively communities. However, there is another component that characterizes the identity of many African countries: their natural capacity to exude joy and embrace the spirit of fun. Beyond the obstacles and…
- Egypt has increased interest rates and deliberately allowed its currency to weaken by over 35% in a much-anticipated devaluation, potentially opening the door for additional loans from the International Monetary Fund.
- The Ugandan government is in the process of investigating the finances of the country's religious institutions. According to an official, the Ugandan government is developing a policy that would require religious institutions in the country to account for the funds they receive. This policy is not…
- In 2023, the US saw steady growth in African student populations from Kenya, Ghana, Nigeria, Egypt, Ethiopia, and Uganda. According to the US Department of State’s Monthly Data, the US issued around 446,000 F-1 student visas in 2023, an 8.5% increase from 411,000 visas issued in 2022. This was the…
- The president of Tanzania, Samia Suluhu Hassan recently initiated a program wherein she would spend one day every month listening to the issues of the Tanzanian people. This information was disclosed by Paul Makonda, the Ideology and Publicity Secretary of the Chama Cha Mapinduzi (CCM) party. The…
- Ethiopian Airlines, the largest carrier in Africa, has reached an agreement to purchase up to 20 of Boeing Co.'s 777X aircraft, providing the coming jet with an important endorsement from one of Africa’s premier airlines.
- Kenya and Egypt have initiated a dialogue about working together on defense and technology projects. Aden Duale, the secretary of Kenya's defense cabinet, brought up the topic during his visit to the North African country. They also discussed the potential for economic cooperation. Both parties…
- A federal appeals court has refused to hold five major technology companies —Google parent Alphabet, Apple, Dell Technologies, Microsoft, and Tesla— responsible for their alleged involvement in the use of child labour in cobalt mining operations within the Democratic Republic of the Congo.
- When you think about Africa, the immediate thing that hits you is the massive stash of natural resources it boasts – from oil and cobalt to diamonds, platinum, and uranium.
- Aliko Dangote, Africa’s richest man is looking to set up an oil trading arm, probably based in London, to operate the crude and product supplies for his new refinery in Lagos, Nigeria. This move is to ensure that Dangote has full autonomy over the business. Several corporations met with the…
- Binance, a leading global cryptocurrency exchange has announced the discontinuation of all services in Nigeria involving the local fiat currency, the Nigerian naira (NGN).
- The use of skin-whitening creams and injections has become increasingly popular among West African women, who aspire to lighten their skin tone to appear as white as Europeans. In many parts of West Africa, having a lighter skin tone is associated with higher status, privilege, and beauty.
- The proposition by the government of the United Kingdom under the current Prime Minister; Rishi Sunak, to assert Rwanda as a country safe for asylum seekers recently suffered a significant push back. The BBC reported that the UK government has suffered five defeats in the House of Lords over its…
- Several African nations saw an increase in fuel prices over the last year. 2023 and by extension, the beginning of the new year presented major budgetary issues for most parts of Africa, including its largest economies. Food and energy prices, particularly fuel costs were among the most pressing…
- An estimated 70 per cent of financial crimes in Nigeria can be traced back to the banking sector. The banking sector is increasingly becoming a cesspool of fraudulent activities and this is raising considerable challenge and concerns to the Economic and Financial Crimes Commission (EFCC).
- President Emmerson Mnangagwa of Zimbabwe has been sanctioned by the United States. Allegations of corruption serve as the basis for the sanctions on the Zimbabwean leader. The US’s sanction on the Zimbabwean leader is part of an ongoing program that has lasted for over 2 decades, dating back to…
- President Nana Akufo-Addo of Ghana has said an anti-LGBTQ bill passed by Ghana's parliament last week, which could derail international aid for the West African country if it becomes law according to an internal government memo, has not yet reached his desk, Reuters reported.
- Somalia is now fully a member of the East African Community following its submission of ratification of the treaty of accession with the bloc’s Secretary-General on Monday in Arusha, Tanzania. The country had been accepted into the bloc in 2023. Somalia on Friday, November 24th, became the bloc’s…
- Transsion Holdings, manufacturer and maker of Tecno phones, has emerged as the leader of smartphone sales by volume in Africa, surpassing Samsung and Apple, according to a recent report. The report by Hong Kong-based firm Counterpoint Research revealed that Tecno smartphone shipments grew by 77 per…
- Ghana’s inflation for February is expected to increase, running by about 40 basis points to 23.9%. This would make it the second month in a row where inflation levels shot up. Ghana’s inflation rose in January, marking the first time it spiked in six months.
- Even with things getting better in some parts of the economy, the gap between what people make on minimum wage and what it costs to live is still a big problem. This makes life pretty tough for workers and their families.
- The Dutch government has informed thousands of international students who found refuge in the Netherlands following Russia’s invasion of Ukraine in 2022 to leave the country this week or risk being kicked out.
- Mobile internet is a key factor in driving Africa's digital revolution. This tool has been responsible for opening up new opportunities for economic development, education, healthcare, and empowerment. With the tremendous growth in mobile penetration on the continent, more and more individuals are…
- East Africa’s economic outlook according to a recent survey is expected to be positive. This recent survey re-iterates the projections from a few sources, including the African Development Bank and the International Monetary Fund, both of which project growth in the East African region. The survey…
- Africa's global trade participation still stands at less than 3%, largely driven by merchandise trade in 2023, the Economic Commission for Africa (ECA) report on the assessment of progress on regional integration in Africa has said.
- The British multinational oil and gas company, Shell has promised to aid Nigeria in resolving some of its energy crises. The company noted that it would help the Nigerian government use renewable energy sources to provide electricity for millions of Nigerians.
- President William Ruto of Kenya who already enjoys close ties with the president of Uganda, Yoweri Museveni, recently met in Kisozi, Uganda. Both presidents convened at Museveni’s farm to discuss a few subjects of importance and were joined by an unlikely party, Kenya’s opposition leader, Raila…
- The International Monetary Fund (IMF) said it is monitoring events in Ghana following the approval of a bill by lawmakers, which proposes a potential three-year jail sentence for individuals identifying as LGBTQ.
- Aliko Dangote, the Chief Executive Officer of the Dangote Group and Africa's wealthiest man has proposed the transition of Nigeria's economy from a resource-based model to a knowledge-based one.
- South African billionaire Christo Wiese says that Nigeria’s large and growing population is impossible for businesses to ignore and a recent massive exodus of companies from the West African country won’t last. He made this known in an interview on Bloomberg TV.
- China is becoming increasingly popular for African students heading abroad in the pursuit of higher education. According to reports, the rising volumes of Chinese investments in Africa have sparked a keen interest among African youths in learning the Chinese language. This trend is gradually…
- MTN Nigeria faced a challenging year in 2023, as the telecoms giant reported a loss after tax of ₦137.0 billion, a huge contrast to the ₦348.7 billion profits recorded in 2022.
- The Nigerian government has levied a fine of $10 billion on Binance as part of its crackdown on the global cryptocurrency exchange platform, BBC reported.
- Fast mobile internet is propelling Africa's digital revolution, bringing new potential for economic development, education, healthcare, and empowerment. With the rapid increase in mobile penetration in the country, more and more people are finding new ways to maximize their devices. Given the…
- Netflix and Showmax have clearly exerted dominance in the subscription video-on-demand (SVOD) market in Africa, and both have executed widespread expansions that are paying off for both companies. According to a recent study, Netflix will remain the SVOD market leader, with 6.9 million subscribers…
- Kenya’s inflation for February hit a 23-month low of 6.3%. According to the Kenya National Bureau of Statistics (KNBS), the drop in inflation is a result of the drop in the cost of essential foods relieving strain on most low-income households. However, energy prices, specifically fuel and…
- Sub-Saharan Africa offers investors a strong investment opportunity with potential for profitable returns. The continent has become a shining example of economic promise, as seen by the performance of some of its stock markets. The top 30 companies had a better performance in January than they did…
- Zambia has formulated strategies to import and manage electricity as a terrible drought threatens to impact hydropower generation, the nation's primary power source, Reuters reported.
- Security is paramount in every society, and that is why countries around the world spend so much on defence and establish security architectures to protect the lives and properties of their citizens.
- International Criminal Court judges have ordered that nearly 50,000 victims of Ugandan militia commander Dominic Ongwen receive a total of over 52 million euros ($56 million) in compensation, marking a record reparations order.
- The Ethiopian government has pushed back on the sale of a stolen colonial-era shield, calling it "inappropriate and immoral". The reproach by the government of the East African country was done to stop an auction in the UK that has an important Ethiopian artifact up for sale. Recently Ethiopia’s…
- The president of Kenya, William Ruto, and the Prime Minister of Ethiopia, Abiy Ahmed, recently agreed to honor their individual sovereignty and the physical boundaries. On Wednesday, the two countries which stand as two of East Africa's strongest economies concluded an agreement that marks a…
- Peter Obi, the presidential candidate of the Labour Party in the last general election, has criticized the recent increase of the Monetary Policy Rate (MPR) to 22.5% and the Cash Reserve Ratio (CRR) to 45%, arguing that the move will adversely affect the already fragile economy.
- 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.…