- Having a proper knowledge of workplace safety and the specific hazards in the high-risk industry is crucial for employees hoping to make the best out of their career. Workplace safety evaluation is however, complex due to industry-specific oversight and varying national laws.
- Idrissa Akuna Elba’s affiliation and constant fondness for Africa should come as no surprise, given the actor’s direct ancestry. Simply referred to as Idris Elba, the British actor’s father hails from Sierra Leone while his mother is of Ghanaian descent. As a result, this A list actor has been very…
- The tale of life is defined by its uncertain nature. No one truly knows for how long they will live, and while the destination is inevitable, the timing remains a profound mystery.
- The Nigerian government has dropped all charges against Tigran Gambaryan, an executive at Binance Holdings, who had been on trial for money laundering since his detention in April, 2024.
- Forbes has announced the winners of the first Verified Air Travel Awards 2024, to celebrate the best airline and airport experiences. The awards highlight a range of categories from fine airport dining and lavish lounges, to top-of-the-line first-class suites and in-flight cocktail bars.
- Diesel cost typically imprints a significant impact on several African countries. This is particularly difficult for African countries who have yet to diversify their energy sources and consider alternate possibilities.
- Even though South Africa and Russia don't share cultural or linguistic ties, their relationship remains surprisingly strong, a bond that has left many observers and Western governments puzzled for years.
- Real GDP growth is often associated with higher income levels, job creation, and improved access to basic services. Fortunately, many African countries are experiencing growth in this regard, despite the recent World Bank revision that downgraded growth projections in the index of several sub-…
- Budget deficits are expected to be a significant annoyance for a number of sub-Saharan African (SSA) countries in 2025. This is according to a recent report which revealed that the aforementioned problem would be very prevalent in Ghana, Nigeria and Uganda.
- Oil-producing countries should be shielded from inflation, given their steady oil income that could ease the need for borrowing and prop up their economies. Yet, many still struggle with high inflation rates, a paradox that highlights the disconnect between their oil wealth and economic stability.
- Despite recent improvements, female labor force participation in Egypt remains persistently low. Also, the benefits of higher education for women in Egypt seem to be more significant in marriage prospects than in career opportunities.
- The Nigerian government lost the sum of N13.2 trillion as revenue between 2021 and 2023 due to the implementation of the foreign exchange subsidy policy. According to the World Bank, the losses incurred during the period stood at N2 trillion in 2021, N6.2 trillion in 2022, and N5 trillion in 2023.
- Dangote Petroleum Refinery and Petrochemicals FZE has requested that the Federal High Court in Abuja cancel the import licenses given to the Nigeria National Petroleum Corporation (NNPC), Matrix Petroleum Services, A. A. Rano, and four other oil companies.
- In recent years, urbanization in Africa has increased at an unprecedented rate, resulting in tremendous expansion in major African cities. As populations grow and economic possibilities rise, the need for affordable housing becomes crucial.
- In order to ease financial transactions, Zimbabwe has mandated all businesses to make a Point-of-Sale (POS) device available for transactions. While ease of transaction seems like the key rationale behind this move, authorities in the country have explained that the idea is primarily focused on…
- Within a space of 16 months, the retail price of Liquefied Petroleum Gas (cooking gas) has jumped from N700/kg in June 2023, to N1,500/kg in October 2024 according to the latest LPG price watch report by the NBS.
- Nigeria is a major player in Africa's AI industry. Next year, Dubai is set to channel global investors into Nigeria’s growing startup ecosystem through its renowned GITEX tech expo, the world’s largest tech show.
- Nigeria’s persistent power outages may be a thing of the past following the entrance of a global consortium into the country's power market. The consortium is piloting a solar mini-grid program that would end the incessant power disruptions in the country.
- Africa's journey with AI may have started slowly, but the pace is picking up, and the future looks promising. The Dubai World Trade Centre, through GITEX, is bringing global investors to Nigeria in 2025, to explore opportunities in the booming Nigerian startup scene, the largest in Africa.
- Despite the fully operational largest single train refinery in Nigeria, marketers are still heavily reliant on imported premium Motor Spirit, popularly referred to as petrol. The Dangote refinery since its launch has iterated that it would be able to satisfy the Nigerian market. However, Nigerian…
- Being net importers of petroleum goods, there are a number of African countries that are extremely susceptible to changes in the price of oil globally. However, local factors such as inflation and fuel scarcity can also affect fuel costs.
- The government of Nigeria has revealed plans to bolster its tax base with the inclusion of a new tax bill directed at telecommunications companies. Telecoms in the West African country would be subjected to a 5% tax should the bill be passed.
- Tax officials in Kenya plan to step up their efforts in taxing digital transactions, as the use of cryptocurrencies soars. Cryptocurrencies are becoming more and more popular in the country due to the appeal of decentralized, international transactions.
- Nigeria's national grid has collapsed for the third time this week. However, the country's power authorities have noted that they are in the process of looking for a lasting solution to the reoccurring inconvenience.
- The Saudi Pro League has produced four out of the top 10 footballers on the Forbes' ranking, demonstrating its rising prominence in the global soccer industry.
- The Saudi Pro League has produced four out of the top 10 footballers on the Forbes' ranking, demonstrating its rising prominence in the global soccer industry.
- Côte d'Ivoire’s economy has been upgraded to BB by S&P global following its consistent reforms targeted at stabilizing the economy. This upgrade comes amid Côte d'Ivoire’s commitment to its major export - the cocoa plant which has maintained high prices amid its huge demand.
- Maintaining a low government debt is critical for African countries seeking to stimulate economic growth, raise living standards, and attract international investment. Countries with low debt loads gain from currency stability, better investor confidence, amongst other fiscal benefits.
- A family's monthly mortgage payment as a proportion of their take-home pay is measured by the mortgage as a percentage of income; a smaller percentage is preferable. While some African cities boast a fairly low ratio, some have mortgage values that go through the roof. Some of Africa’s major cities…
- The trial of Binance executive, Tigran Gambaryan detained in Nigeria has been rescheduled following his absence in court. The case was adjourned on Friday by a court in the country’s capital Abuja.
- The Ugandan coffee trade in September saw notable expansion on all fronts. The Ugandan economy is very reliant on its coffee trade given that it is the continent’s largest exporter of the product. The product was also its number one export in 2023.
- Many governments around the world, particularly in Africa, have implemented measures to enable censorship of online internet usage. However, the rate of internet restrictions in Africa has dropped as some countries have embraced a less combative approach to opposing online content.
- Several African countries experienced economic difficulties last year as a result of internal and foreign socio-economic and political complications. However, it was projected that many African countries would see some degree of economic recovery in 2024. This economic forecast has been revised…
- Shell’s proposal to sell off its stake in Nigeria's onshore and shallow water operations has suffered a setback. According to Nigeria's oil regulator - the NUPRC, the deal was put on hold as the proposed new owners lacked the qualifications to manage the assets.
- Aliko Dangote who’s net worth has fluctuated since the year began is back to being Africa's richest man. His net worth in the past few days has gone from around $13 billion to now $27.8 billion. This is following months of back and forth between he and South Africa's Johann Rupert for the title of…
- The option of sending rejected African asylum applicants to their home continent is now being considered by the Dutch government. The plan to do this involves Uganda specifically.
- The aircraft manufacturing industry is a vital component of the global economy and a driver of innovation, growth, and progress. This industry enables global connectivity and transportation, supports national defence and security with a huge contribution to global gross domestic product (GDP).
- The degree of economic recovery in 2024 has differed greatly across Africa and even among the continent's subregions. However, East Africa remains the most notable subregion, with the highest rate of economic growth. And within East Africa, Kenya stands out owing to its robust currency and…
- Nigeria may finally be on its way to achieving self-sufficiency in petrol production as fresh data has shown a sharp decline in the volume of Premium Motor Spirit (PMS) imported in October 2024. This follows a boost in PMS production by Dangote refinery especially in the first two weeks of October.
- Large government debts, particularly in some African nations, could trigger a slew of economic challenges. These challenges often include currency depreciation and a loss of investor confidence, amongst other things. As a result, governments are tasked with the responsibility of easing its debt…
- The Congo Republic, an oil-rich nation, is now considering the feasibility of establishing an oil refinery. This idea is a collaborative initiative between the Central African Republic and Russia. It also follows the joint plan of both countries to establish an oil pipeline within the Congolese…
- Depending on variables like real estate values, income levels, and mortgage conditions, the ideal mortgage value in African cities might vary greatly. Examining the mortgage as a percentage of income, or how inexpensive mortgage payments are in relation to each city's average salary, helps identify…
- The 2024 edition of the Global Innovative Index published by the World Intellectual Property Organization (WIPO) has been released and it gives a glimpse into the current state of global innovation in 133 countries. The major findings highlight progress as well as challenges across major stages of…
- Very recently, it was reported that JPMorgan Chase, an American international financial firm, was granted a license to operate in Kenya. This is part of the company’s plan to expand its footprint on the African continent. To this effect, the US lender also has plans to establish a presence in the…
- Nigeria, which has been dealing with the worst inflation levels of 2024 caught a breather in July and then August when its consistently alarming inflation spike subsided. However, the most recent data indicates that the nation's economy appears to be back on the decline. The country's headline…
- The growing global demand for medical cannabis and its economic advantages have caused several African countries to pause the restrictions placed on the plant's cultivation. Its abuse and links to other health issues have led to injunctions against the consumption of the plant in most African…
- Last year presented economic challenges to several African countries owing to both internal and external complications, including the war in Ukraine. However, with the start of 2024, many African countries were projected to experience some level of economic recovery. This is despite soaring…
- Nigeria's aviation industry has received a major boost with the scheduled launch of the 15 million-litre capacity Joint User Hydrant Installation 2 (JUHI-2), the country’s largest airside aviation fuel depot. The facility located off the Murtala Muhammed International Airport road, Lagos will start…
