- African countries, many of which are net importers of petroleum products, are susceptible to swings in global oil prices. When energy prices across the globe increase, so do local fuel costs. This unfortunately was the case for several countries on the continent, particularly those that typically…
- Ghanaian President Nana Akufo-Addo has officially launched the construction of a 300,000 barrel-per-day oil refinery. However, critics have raised concerns about potential flaws in the project.
- In 2024, some African countries that rank low on the Environmental Performance Index (EPI) are those that have struggled to prioritize environmental health and sustainability.
- The Nigeria Labour Congress disclosed recently that implementing the new minimum wage could be delayed, while in the same breathe expressing optimism that it could be implemented by month’s end.
- South Africa and Morocco have been listed among the top countries in the world that use ChatGPT the most, reflecting the growing interest in AI technology across Africa.
- Nigeria owes its state-owned oil company nearly half of what it expects to collect in revenues this year due to a gasoline subsidy reintroduced in August.
- Egypt is raising electricity prices for households by up to 50% as part of its ongoing efforts to gradually eliminate subsidies in line with an agreement with the International Monetary Fund.
- Numerous industries in Africa are impacted by the increase in diesel prices, including transportation, agriculture, and overall living expenses. This is particularly true for African countries which have not looked into other energy sources. On the other hand, a developing nation whose diesel…
- 409 investment projects were registered in the eastern African country of Tanzania, during the first half of the year. This, according to the Tanzania Investment Center was more than 200 times the projects registered in 2023, during the same period. As a result, Tanzanians are being taught how to…
- Insurance companies in Kenya use various methods to determine the value of a vehicle, which affects the premium and the compensation in case of a claim
- The debate surrounding the cost of governance continues to rage on in Nigeria, as more officials weigh in on the matter. Former Nigerian senator, Ishaku Elisha Abbo, recently revealed that members of the Nigerian senate do indeed take home remuneration many Nigerians would describe as outrageous.
- Presidents and world leaders have always enjoyed the benefits that come with the offices, especially with dedicated aircraft for their transportation.
- Africa's largest telecom operator, reported a half-year loss on Monday, impacted by the devaluation of the Nigerian naira and operational difficulties in Sudan.
- According to a recent assessment, Uganda's investment options appear to be very promising for the remainder of the year. Scalability demonstrated by a number of significant businesses has increased confidence among investors.
- With companies and tech hubs springing up across Africa, the continent now has more need for rapid internet penetration than it ever has. However, access to the internet, particularly in rural areas continues to present some challenges. Specifically, the affordability of the internet has hindered…
- Within military aviation, certain African countries distinguish themselves with impressive aircraft fleets, ranging from fighters and bombers to fighter/interceptor fleets.
- For many professionals in Africa, as is everywhere else in the world, career advancement is a crucial component of selecting a company to work for. Highly sought-after companies are those that offer clear career paths and have a history of internal upgrades. Companies must offer security, enticing…
- South Africa's rand is experiencing its longest winning streak in 13 years. The currency has gained for nine consecutive days, reaching its highest closing level in five weeks.
- Nigeria’s Ministry of finance has introduced a $500 million dollar-denominated bond aimed at attracting investment from both domestic and international investors.
- Nigeria is seemingly a couple of weeks away from securing another $500 million loan from the World Bank. The West African country has more than once this year attempted to secure this same amount from the same organization.
- An airport has the "international" tag when it has the designated facilities and infrastructure to manage customs, immigration, and quarantine procedures for inbound and outbound passengers and cargo.
- According to a report by Kenya's Institute for Public Policy Research and Analysis, once the African Continental Free Trade Area (AfCFTA) takes effect, Kenya could lose some of its revenue. While the initiative has immense potential for Kenya and Africa as a whole, it is not without its…
- Intra-continental trade in Africa saw a pivotal leap forward in 2023, underscoring a growing market for African products within Africa. This positive trend also highlights the potential Africa has within its own borders to close the disparity that exists between its market and other global…
- President William Ruto on August 15, 2024, conferred Eldoret with the city status, making it the fifth city in Kenya after Nairobi, Mombasa, Kisumu and Nakuru.
- The website of one of Africa’s leading banks, Guaranty Trust Bank (GTBank), has been unresponsive since yesterday leading to speculations that the bank's website may have been compromised by hackers.
- Numerous variables influence the dynamic nature of the cyber threat in today's tech landscape. Some of these factors include, the use of more advanced tools and threat vectors, a greater reliance on cloud services and related technologies, increased financial resources and technical expertise to…
- The World Health Organization has classified the monkeypox (mpox) epidemic a worldwide emergency. This follows the disease's breakout in a number of African countries, notably in East Africa. In July, the governments of the eight member states of the East African community launched a campaign to…
- Fluctuations in exchange rates, impediment in local commerce and weak investment ecosystems are some of the issues currently plaguing a few African countries. This in hindsight is partly due to currencies that are way below their intended value. However, a weak currency can go beyond its direct…
- Africa is seeing tremendous urbanization, with cities growing at unprecedented rates. This urban expansion increases demand for housing, and by extension profit for landlords. Cities with rapid population growth frequently see increased rental demand, resulting in greater gross rental yields.
- A lawmaker of the Northern Nigerian state of Kano has come out to reveal that his monthly takeaway as senator totals to N21 million ($12k). This is a far cry from the information provided by the Revenue Mobilization Allocation and Fiscal Commission, which detailed a N1 million ($609.77) monthly…
- For the fourth month in a row, Ghana’s inflation has slowed down. Inflation rate for the West African country for July, declined to 20.9% year on year from 22.8% in June.
- Dangote Group has denied recent reports claiming that it has set the pump price of petrol at N600 per litre for sale to marketers across the country.
- Despite the significant growth seen over the past two decades of liberalization, Nigeria's telecom sector now faces serious threats due to rising costs and unsustainable pricing.
- In anticipation of the Dangote refined Premium Motor Spirit, popularly called petrol, set to begin sale in August, marketers have revised their projections to a lesser potential cost. Back in July, marketers expressed concern over the sale of Dangote's petrol. However, their new projections suggest…
- Beyond being solely the boundaries dividing regions, borders have a big impact on the political, social, and economic climate of a country, including for numerous African countries. Large border coverage serves as both a strategic benefit and a difficult task for African Countries. The size and…
- The expansion of industries and the increased usage of electricity by individuals across the world has greatly influenced and shaped the global cost of electricity.
