- 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…
- Denmark has announced plans to open embassies in Rwanda, Senegal and Tunisia, and increase its diplomatic workforce in its embassies to Egypt, Kenya, South Africa, Nigeria and Ghana.
- By mid-2030s, Africa's top 100 city economies will be home to nearly 400 million people, about 21% of the continent's population. These cities will generate over 60% of Africa's GDP.
- Africa is set to receive 100,000 doses of the Monkey Pox (mpox) vaccines from Germany. Germany has committed to donating the vaccines from its military stocks. Last week, France made a similar commitment, alongside Austria.
- The Director General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, recently spoke about the problems her home country Nigeria is facing. In a conference with the vice-president of the country present, she emphasized how political games destroy lives and the economy. As a result, she…
- The continent's major urban centres—like Cairo, Lagos, and Johannesburg—will still lead Africa's top 100 city economies by 2035. In 2023, the combined nominal GDP of these cities stood at $1.4 trillion, and by 2035, this number is expected to more than triple, reaching over $5 trillion.
- The Ghana Armed Forces (GAF) has dismissed allegations that it intends to “take over control of the country” if the general elections on 7 December turn violent.
- The advantages of a strong currency in Africa, as is everywhere else in the world, go beyond financial measures, as it also impacts commerce, investment, regional integration, and geopolitical power. Africa, which is largely made up of rapidly developing nations, also boasts some of the world’s…
- Counterfeiting involves producing imitations of coins and banknotes or making alterations to genuine currencies to raise their denominational values.
- Recognizing India’s relevance in its market, Tanzania has called on the South Asian country to increase its Tanzanian investments. This is notwithstanding the fact that trade between both countries this year is already projected to do better than last year. Tanzania currently enjoys a rapidly…
- Recognizing India’s relevance in its market, Tanzania has called on the South Asian country to increase its Tanzanian investments. This is notwithstanding the fact that trade between both countries this year is already projected to do better than last year. Tanzania currently enjoys a rapidly…
- Africa's urban population is expected to hit nearly 1 billion by 2035, a huge leap from about 650 million last year. By that time, six cities across the continent will each have more than 10 million residents.
- Italy's Foreign Minister has expressed his desire for more African students to study in Italy, a stance that could heighten tensions within the coalition over immigration and citizenship issues.
