- The Nigerian government has revoked its earlier decision to ground about 60 private jets in the country following the accumulated debts the operators piled up. In a new memo, the Federal Government has given private jet owners a 30-day ultimatum to pay their import duties or risk having their…
- During an event in Nigeria’s capital city, Abuja, a statement from the Senior Vice President of the World Bank Group, Indermit Gill, gave rise to a reaction he was unable to decipher.
- An inspirational yet problematic dynamic is at the center of the transition taking place in Africa's renewable energy sector: the involvement of women.
- Kenya has initiated plans to restrict the direct export of valuable minerals in their raw forms from the country. This follows the ongoing construction of mega gold processing plant worth around Sh5.8 billion which authorities say, portends a major policy shift to increase revenue for the…
- The Dangote refinery is set to meet with the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday with regards to a topic that has been on the lips of concerned Nigerians. Both parties are set to discuss the viability of a decrease in Dangote’s fuel price compared to the…
- A new report reveals that Kenya is rapidly adopting Elon Musk’s satellite internet constellation; Starlink. This trend is also prevalent in the country’s overall internet penetration with the current number of sim subscriptions recorded at 68.9 million following availability of 4G and 5G services.
- The Nigerian government has refuted claims that the country was snubbed in the recent elections which saw five African countries elected as new members of the United Nations Human Rights Council (UN-HRC). The President's adviser explained that Nigeria did not seek the position as the continent…
- In the second quarter of 2024, Nigeria experienced an increase in the number of consumers with access to electricity. This increase was seen in comparison to both the same period last year and the preceding quarter.
- Following an ambitious goal to refine oil in Nigeria for the first time in decades, the Nigerian industrialist, Aliko Dangote, has now set his sights on crude oil exploration. The initial date for this had been sometime in Q4 of 2024, however, Dangote's crude production would begin in 2025.
- Following an ambitious goal to refine oil in Nigeria for the first time in decades, the Nigerian industrialist, Aliko Dangote, has now set his sights on crude oil exploration. The initial date for this had been sometime in Q4 of 2024, however, Dangote's crude production would begin in 2025. This…
- During a press conference in Milan, on Sunday, Adolfo Urso, Minister of Enterprise and Made in Italy, said that Italy would be partnering with Kenya on a space project. He made the revelation on the eve of the 75th International Astronautical Congress (IAC). This project had been tabled earlier…
- The World Bank’s new data collection and analysis project, The Business Ready 2024 report (B-READY) which assesses the business and investment climate worldwide has been released. The report is scheduled to roll out for three years spanning 2024 to 2026. The current report which covers 50 economies…
- 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…
- Global perspectives are greatly influenced by the media, and this is particularly evident in the way that Africa is depicted. Even while there has been some progress in the past 20 years, the prevailing narrative is still primarily negative. Africa's politics, international participation, and…
- Systemic injustice, colonial exploitation, and economic marginalization have plagued Africa and the Black population for centuries. This narrative is challenged by the emergence of black billionaires, showing that substantial wealth can be generated and maintained within the African community.
- Nigeria experienced a substantial rise in capital importation during Q2 2024, marking a significant improvement compared to the same period in 2023. The banking sector contributed largely as total capital importation inflow reached US$2.6 billion, representing a 152.81% increase from the US$1.03…
- When asked to describe how they feel about the future of their country, nearly two in five youths (37%) in Africa reported feeling ‘optimistic’ or ‘excited’, a five-point increase from 2022.
- When asked to describe how they feel about the future of their country, nearly two in five youth (37%) in Africa reported feeling ‘optimistic’ or ‘excited’, a five-point increase from 2022.
- A new wave of gang violence in Haiti has spurred faster support from Kenyan security forces which has so far been instrumental in the Caribbean country’s fight against insecurity. A recent gang attack in the country reportedly claimed over 100 lives. In Response Kenya is looking to deploy more…
- Rwanda's efforts to curb the spread of the deadly Marburg disease has yielded fruits as health officials in the country and the Africa Centre for Disease Control and Prevention (CDC) have reported that the outbreak has been contained.
- The rift has pushed Somalia closer to Egypt, a country that has long been at odds with Ethiopia over Addis Ababa's construction of a massive hydroelectric dam on the Nile River.
- Nigeria’s National Assembly recently proposed a bill that would mandate official identification before a bank account can be opened. The bill was put forward to streamline taxation in the country and ensure compliance via an imposed tax identification number.
- The people of Cameroon are being prohibited from speaking on a subject of national interest. Concerning their president’s well being, the people of Cameroon have been instructed not to discuss the subject any further. Cameroonians have been questioning President Paul Biya's medical state, with some…
- The United Nations (UN) has projected that the global population will hit nine billion by 2037. African and Asian countries will lead the population boom and while Nigeria leads in the African continent, India will lead the Asian region.
- Nigeria's capital importation saw a significant increase in Q2 2024, rising sharply compared to the same period last year. Total capital inflows for the quarter reached US$2.6 billion, reflecting a 152.81% surge from the US$1.03 billion recorded in the same period last year.
- Data recorded in the first half of the year showed that products from Russia, led by wheat imports ranked as the fastest growing amongst Kenya’s top global source markets. Analysts at the Kenya National Bureau of Statistics (KNBS) noted that there was an increase in the import volume of wheat from…
- The economic situation in the Southern African country of Zimbabwe has brought with it several ramifications. One of such consequences is the steadily increasing cost of operating a business.
- In March Burkina Faso and Russia, through its state-owned energy company, Rosatom, spoke about establishing a nuclear project in the West African country. Very recently, both parties opened dialogue on the prospect of a renewable energy deal. This new proposal came on the heels of the 3 day forum…
- Despite Kenya's efforts to lower its debt burden, the government seems to be in need of more loans. As a result, the East African country is looking ahead to further lending from the International Monetary Fund (IMF).
- NNPCL Petrol stations, and other marketers today, increased their pump prices for the fourth time since President Tinubu's administration came on board. The price spiked by 15% to N1,030 per litre as the NNPCL backed out as a middleman in the petroleum industry setting the stage for direct price…
- Reports suggest that fuel stations owned by independent marketers are also adjusting their prices, with many crossing the N1,000 per litre threshold.
- Russia's Wagner mercenary group announced that it had recovered the bodies of its fighters killed during a fierce July battle against Tuareg rebels and Islamist militants in Mali.
- In a move to bolster its dilapidated oil production infrastructure Nigeria is looking to partner with South Korea to build several oil refineries across the country. For decades now, the country has been completely reliant on imported petroleum products. However, there seems to be paradigm shift…
- The Kenyan interest rate has been cut by a large margin, the like of which was last seen during the global pandemic. The Kenyan economy has been on a recovery path given its steadily declining inflation levels since the year began. As a result, the country’s central bank is inclined to ease debt…
- Nigeria's capital importation increased considerably in the second quarter of 2024 compared to the same period last year. The overall capital inflow stood at US$2,604.50 million, in the period under review. This represented a 152.81% rise from the US$1.030.21 million reported in the same period of…
- Nigeria's capital importation increased considerably in the second quarter of 2024 compared to the same period last year. The overall capital inflow stood at US$2,604.50 million, in the period under review. This represented a 152.81% rise from the US$1.030.21 million reported in the same period of…
- During a recent visit, the prime minister of Burkina Faso, Kyélem de Tambèla has reaffirmed the country's commitment to partnering with Russia, noting that Russia offers more than just weapons.
- President Yoweri Museveni has offered assistance to the United States Congress in reviving its National Prayer Breakfast Group, which has seemingly disappeared from public view.
- Burkina Faso's military junta has suspended U.S.-funded news organisation Voice of America (VOA) for three months, according to a statement from the Superior Council for Communication (CSC).
- It seems logical to assume that France, the nation from where the French language originated, has the largest French-speaking population in the world. While this is somewhat true, it is not totally accurate. In fact, several African cities have more French-speaking residents than some cities in…
- About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.
- South Africa’s Standard Bank Group has consistently held the title of Africa's top bank year after year, while the National Bank of Egypt has maintained second place for the past four years.
