- Most of the African countries that boasted the highest fuel prices in June saw a slight increase in fuel cost in July. Energy expenses significantly benefit businesses and their customers; consequently, the lower the cost, the better. On the other hand, the higher the price, the more damaging it is.
- Businesses within the East African community are investing more and more into the Kenyan market. Wealthy investors in companies from neighboring countries such as Tanzania, Uganda, Rwanda, and Somalia have been increasing their influence in Kenya. This expansion of foreign businesses into Kenya is…
- Africa’s richest man, Aliko Dangote, has expressed his willingness to transfer ownership of his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited, in an interview with Premium Times.
- Nigeria's Dangote refinery is in discussions with Libya to secure crude oil for its 650,000 barrels per day (bpd) plant and is also exploring options to source oil from Angola.
- The protesters made it clear that their mission is to urge the International Monetary Fund (IMF) not to loan Kenya any money, alleging that previous loans have either been lost through corruption or used carelessly with little to show for the same. This is part of an ongoing protest that has rocked…
- Speaking about the demonstration that is scheduled for this month, the president of Uganda; Yoweri Museveni has advised people who wish to participate to engage in more constructive endeavors. With the ongoing protests in their fellow East African state; Kenya, Ugandan youths have decided to…
- Education is an important instrument in turning the trajectory of Africa’s economic growth towards the right direction. While being in an African university encapsulates several aspects of the entire school experience, the most critical component is the teaching quality. Great teaching skills is…
- The Namibian visa extension applied for by the Ugandan monarch; has been denied. The Namibian authorities denied the visa extension owing to its immigration laws, and pressures from Ugandan citizens. A group of Ugandans concerned about the king's wellbeing was briefly detained and probed by…
- President William Ruto has announced the nomination of Cabinet Secretaries and the Attorney General as part of his efforts to reconstitute the cabinet.
- Egypt's natural gas production has fallen to its lowest level in over six years amid rising demand due to a scorching summer, according to a report by Bloomberg.
- The Organised Private Sector of Nigeria (OPSN) has raised concerns about their capacity to afford the newly approved ₦70,000 minimum wage, citing the heavy burden of production costs on private businesses.
- The increase in tertiary student enrollment in African universities is a trend that will have a significant impact in Africa considering that the majority of the population is young. As more youth pursue higher education, there are greater potential advantages for Africans to control their economic…
- Uganda Airlines has expanded its routes to Abuja, Lusaka, and Harare to strengthen its market position. They announced the decision on Wednesday, noting that it aims to boost income and improve fleet usage. Some have criticized the move citing the new destinations as grey markets that are…
- Russia and the Congo recently inked a nuclear deal. According to Russian nuclear company; Rosatom, both nations inked memoranda of understanding to cooperate in hydropower and peaceful nuclear energy. Rosatom for the past few years has been involved in several nuclear deals across Africa.
- The Kenyan government has today announced a ban on the ongoing demonstrations in the central area of Nairobi after claims that criminal gangs have infiltrated the protests.
- Countries cannot grow in isolation; they need investment from every corner to build a successful economy. This is why countries around the world strive to attract Foreign Direct Investment (FDI).
- The African Development Bank’s (AfDB) sovereign portfolio has been acclaimed as the most transparent in the 2024 Aid Transparency Index, released by the global advocacy group for aid and development transparency, Publish What You Fund.
- Nigeria's labor union has threatened to go on a 30-day strike if the government fails to comply with their demands. On Tuesday, the Nigerian Labor Congress (NLC) warned that the possibility of a month-long strike would be in play if the government deregulated the national minimum wage. They argued…
- In an amazing display of dedication and perseverance, a 24-year-old Nigerian has made history in the gaming world by spending three days straight playing a soccer mobile game. This extraordinary accomplishment has earned Oside Oluwole, a Guinness World Record. The Nigerian gamer revealed that he…
- Mauritius-based Chappal Energies recently acquired the minority share in a major Nigerian onshore oil joint venture owned by TotalEnergies. Included in the sale is an interest in 15 licenses, the majority of which produce oil, with a total output of 14,000 barrels of oil equivalent per day in 2023…
- The need for healthcare is universal, but in Africa, robust healthcare systems is especially critical due to unique challenges and frequent public health crises.
- Have you ever been stuck in traffic and thought, "Will I ever get out of this mess?" If you have ever driven through the bustling streets of an African city, you know the feeling all too well.
- Egypt intends to boost its oil production capacity via a significant investment in the field. The government in the northern African country expects to invest $1.2 billion in this program. Egypt stands as one of Africa’s largest oil producers with a production capacity of around round 559,000…
- Africa's rich history is inextricably linked to the Islam religion, which has been a dominant religious influence on the continent since the seventh century. The spread of the Muslim faith throughout several African countries has resulted in the creation of distinct cultural practices and customs.…
- Africa, like the rest of the world, faced severe economic challenges that impacted the continent's development and growth last year. Despite these challenges, projections for 2024 offer a more optimistic outlook for the continent.
- The central banks of the United Arab Emirates (UAE) and Ethiopia have formally established a bilateral currency swap agreement valued at up to 3 billion dirhams ($816.79 million).
- Tigran Gambaryan, who is facing a money laundering charge alongside the cryptocurrency firm, was brought into the Federal High Court in Abuja in a wheelchair on Tuesday.
- Reports indicate that the visa ban on Nigerians imposed by the United Arab Emirates (UAE) has been lifted. The ban which affected a few other African countries was issued in October 2022. As per the reports, Nigerian passport holders, starting July 15, 2024, are now free to obtain visas to travel…
- Even though loans from the International Monetary Fund may provide crucial financial assistance and aid in stabilizing an economy, it can sometimes come with significant responsibilities and challenges. A nation's overall debt load increases in reaction to significant IMF assistance. This is why…
- According to the Nigeria Extractive Industries Transparency Initiative, Nigeria lost 619.7 million barrels of oil valued at $46.16 billion over a 12-year period. Additionally, the country lost $1.84 billion worth of petroleum products from its refineries over nine years.
- The Federal Government of Nigeria has facilitated the return of 190 Nigerians from the United Arab Emirates (UAE). This current development comes at a time when Nigeria and the UAE resolved their visa ban dispute. So far, the returnees have been profiled and documented by relevant agencies, while…
- A second malaria vaccine has been introduced, this time in the West African nation of Côte d'Ivoire. According to a report, the nation started a routine vaccination campaign with vaccines created by the Serum Institute of India and the University of Oxford. This follows the introduction of a…
- Christianity's position in Africa continues to evolve, responding to the continent's changing social, political, and economic landscapes. The conversation surrounding the Christian institution in several African countries is immensely layered with some fully endorsing the practice, some fully…
- Moving by road in Africa can be both a necessity and a test of patience. The beauty of a smooth journey is often overshadowed by the reality of traffic and long delays. One of the primary culprits behind Africa's traffic challenges is inadequate infrastructure.
- Nigeria's headline inflation has surged to 34.19 percent, up from 33.95 percent in May 2024, according to the latest report released by the National Bureau of Statistics (NBS) on Monday.
- Borders are usually defined as geographical boundaries, imposed either by natural features such as oceans and terrain or by political entities such as governments, sovereign states, federated states, and other subnational entities.
- Aliko Dangote has revealed plans to list the fertilizer and petrochemical divisions of the Dangote Refinery on the stock exchange in the first quarter of 2025.
- When billionaires and millionaires or their children get married, expect a lavish display of wealth, as we saw over the weekend at the wedding of Anant Ambani and Radhika Merchant.
- Affordable housing is one advantageous feature that determines any resident’s appeal. As the world rapidly urbanizes and living expenses rise, African countries offer an interesting affordability model. Embracing and developing affordability may help drive long-term urban growth and economic…
