- A Kenyan appeals court has ruled that a series of taxes introduced in 2023 are unconstitutional, putting a vital revenue source for the government at risk.
- On July 31, 2024, Nigerians woke up to the sad news of the passing of the legendary singer, Onyeka Onwenu whose music defined the 80s and 90s and continues to inspire future generations.
- Kenya has for years been dealing with a very bizarre adversary to its hospitality industry, and that is the Indian house crows. From as far as Zanzibar and Comoros, these crows have become accustomed to constituting a nuisance on some of Kenya’s coastal regions. They have also caused losses to…
- MTN Nigeria reported a substantial loss after tax of ₦519.1 billion in the first half of 2024, largely due to challenging macroeconomic conditions in Nigeria.
- Airport lounges have become a key component of modern air travel, offering travellers a welcome break from crowded terminals and a touch of luxury before their flights.
- Nigeria’s energy company, The Nigerian National Petroleum Company Limited (NNPC), recently unveiled plans to bolster the Nigerian oil sector before the end of the year. The group revealed that it aims to produce two million barrels of crude oil per day by the end of the year.
- The World Bank announced on Tuesday that its board has approved a $1.5 billion credit for Ethiopia as the country continues its efforts toward long-term debt restructuring.
- Following an outbreak of Monkeypox (mpox) within the East African region, the governments of the eight member states have embarked on a mission to impart the dangers of the disease to its citizens.
- France on Tuesday sided with Morocco on the matter of its sovereignty over the small Western Sahara country. This was a devastating setback to Algeria's Polisario Front, which claims the Western Sahara region as an independent state. Algeria, as a result, has decided to withdraw its ambassador to…
- South Africa plans to approach the European Union to discuss its proposed tax on carbon-intensive imports, arguing that it will negatively impact the economies of BRICS nations.
- Corruption ranked 4th among the most important problems affecting Nigeria, Africa's most populated country in 2023, after the cost of living, insecurity and unemployment.
- The Kampala City Traders Association (KACITA) has announced its decision to embark on a nationwide tomorrow following the abrupt cancellation of a meeting with President Museveni.
- French oil major TotalEnergies announced on Monday that it would withdraw from an offshore natural gas block off South Africa's southern coast, citing the commercial challenges of developing the finds, Reuters reported.
- The Nigerian government has requested a $500 million loan from the World Bank to solve its water security problems. More precisely, the Nigerian government intends to improve dam safety and strengthen water resource management throughout the country. This would be done under the Sustainable Power…
- With online banking options, some banks have witnessed the growth of their digital channels as the adoption of digital technology increases among their customer base.
- The International Monetary Fund, on Monday, approved a Special Drawing Rights (SDR) 2.556 billion ( US$3.4 billion) Extended Credit Facility for the East African nation of Ethiopia. This is coming shortly after the country allowed its currency to trade freely. With this new loan comes some key…
- The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.
- The Federal Executive Council (FEC) has approved a proposal for the state oil company, NNPC Ltd, to begin selling crude oil in naira to the Dangote refinery, and to other refineries.
- Property prices in Africa have experienced huge fluctuations and growth over the past few decades. the real estate market in Africa is expected to reach a value of US$16.60tn by 2024.
- Africa’s richest man Aliko Dangote, has seen a significant drop in his net worth in the last year, despite the launch of the Dangote refinery. The year leading up to July 29th, saw the Nigerian businessman and philanthropist lose over $1 billion.
- In an exclusive interview with Business Insider Africa, Olivier Buyoya, the Regional Director for West Africa at the International Finance Corporation (IFC), shared his vision for driving economic growth and sustainable development in the region.
- Africa’s largest defense and aviation exhibition, known as Africa Aerospace and Defence (AAD), 2024, set to hold in South Africa will feature some Russian companies including Rosoboronexport. This event dates back to a little under 50 years ago, when it was inaugurated. Both countries have…
- Ethiopia has allowed its currency to trade freely to secure International Monetary Fund (IMF) support and make progress on a long-delayed debt restructuring.
- The Kenyan currency has dropped as a result of disruption in economic activities, particularly within the trade and tourism industries. The currency’s recent decline could be attributed to the ongoing protests in Kenya. Prior to these protests, the currency had been on a positive trajectory during…
- The Host Communities of Nigeria Producing Oil and Gas (HOSTCOM) has threatened to shut down pipeline facilities if crude oil is not sold and supplied to Dangote refinery and other local refineries.
- The couple, identified as J. Godwin and his concubine B.G., reportedly transported and supervised young Nigerian women, forcing them into prostitution to repay travel expenses.
- President William Ruto has revealed that 1000 Kenyans leave the country weekly to work in foreign countries as part of the government-backed labour export program.
- Nigeria’s daily oil production for July increased significantly from the previous month. As reported by Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Nigeria’s average daily production stood at 1.61 million barrels per day as of July 23.
- Africa's largest solar rooftop installation was recently launched in Ghana. Herbert Krapah, the country’s Minister of State for Energy, heralded the launch on Thursday.
- Mali and Burkina Faso have seen dramatic shifts, with their rejection rates dropping by 40 and 37 percentage points, respectively, making them the most accepting of military rule today.
- The informal sector in Nigeria has become a pillar of the country’s overall economy, providing livelihoods and sustenance to millions. These Nigerians rely on the informal sector for work and money, making it a vital part of the nation's economy. This sector covers a wide range of activities. It…
- Amnesty International has revealed that new weapons from countries such as Russia and Turkey have been amplifying the war in Sudan. The report examined a large sample size of documents from two different shipment-level trade information providers to determine their findings. There has been a very…
- Angola's new Cabinda crude oil refinery is set to commence operations later this year, with a target to reach full production of 30,000 barrels per day by July next year.
- South Africa’s recently re-elected president Cyril Ramaphosa made the historic decision to name South Africa’s first female Chief Justice. The Judiciary position has been held by a man since 1910 when the role was established. The incumbent Chief Justice has also been the first woman to hold a…
- Nigeria is blessed with abundant natural resources, particularly crude oil. However, the country’s refining capacity has been historically insufficient to meet the demands of its growing population and economy.
- Christianity's presence in Africa continues to adapt to the continent's dynamic social, political, and economic landscapes. The discourse around the Christian institution in Africa is complex, with varying degrees of support, opposition, and ambivalence. Nonetheless, Christianity has become one of…
- Nigeria imported $2.8 billion worth of petroleum oils and oils obtained from bituminous minerals from Malta in 2023, marking a 342 per cent increase from $47.5 million in 2013.
- The classification of several African countries as lower-middle-income puts them in a distinct position globally. Although this classification denotes a step up from low-income status, it also has a unique mix of benefits and drawbacks that influence these countries' growth paths.
- The rise in diesel costs affects a variety of businesses, including transportation, agriculture, and the total cost of living. This is especially true in countries that haven't explored alternative energy sources. However, a developing country with low diesel price has by extension provided some…
- According to a recent report, Tanzania has become Uganda’s number one import option within the East African Community (EAC). This is a result of Uganda’s gold trade worth close to $3 billion. Uganda typically buys unrefined gold and re-sells the refined product. It has a market for this product…
- Namibia is on the verge of implementing a new visa policy, some have described as fair. Namibians looking to travel to some countries have to go through very lengthy, pricey and stressful processes. In response, citizens from those countries would now have to go through a comparable procedure…
