- 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…
- The South African government recently revealed plans to employ the use of nuclear energy to address its electricity issues. However, South Africa's Minister of Electricity and Energy Kgosientsho Ramokgopa relayed that this operation would be handled at a pace South African authorities can afford.…
- The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has announced that the Nigerian National Petroleum Corporation (NNPC) Limited no longer holds a 20% stake in the refinery.
- Railways have long been recognized as vital arteries for economic development, facilitating the efficient movement of goods and people. In Africa, the interest in railway infrastructure has surged in recent years, with countries across the continent recognizing the transformative potential of…
- The President of the African Development Bank Group, Dr. Akinwumi Adesina, has expressed concern that Nigeria's government's decision to permit massive food imports could jeopardize the country's agricultural sector.
- Amidst the Kenyan protest that has seen massive reforms across the country’s administration, the Kenyan police chief Japhet Koome has stepped down. He resigned on Friday following the president’s decision to dissolve his cabinet. This is part of an ongoing campaign by the government to quell the…
- Due to having several developing countries, high food inflation is particularly problematic for people, communities, and countries in Africa. Conversely, low food prices enhance the efficiency of an economy by preventing consumers from using all of their spare cash on the most fundamental goods.…
- A few decades ago, the concept of artificial intelligence (AI) was primarily confined to science fiction and academic research. The idea that machines could learn, reason, and perform tasks traditionally requiring human intelligence was an exciting yet distant dream.
- Barely 24 hours since Uganda shipped its first batch of petroleum products to Kenya, the two countries are already faced with a complication. Uganda, according to a recent report has been charged millions of dollars more by Kenya in bond fees. This was done in response to a suspected smuggling ring…
- Afrobeat superstar, Rema is on the lineup of star-studded musicians set to perform at the world's most expensive wedding of 2024, happening this weekend.
- In many parts of Africa, the rail networks date back to colonial times. The first railway on the continent was the Alexandria-Cairo line in Egypt, completed in 1856.
- Data breaches are a worldwide issue, but the implications may be particularly severe in African countries. As the continent rapidly digitizes, the risks of data breaches increase, raising serious concerns about economic stability, national security, and personal privacy. Data breaches can be costly…
- Nigeria’s daily oil production for June increased slightly from its figure the previous month. Production of oil in the West African country increased by 25,000 barrels per day. This is a step in the right direction given Nigeria's consistently declining oil production since the year began. As per…
- According to the Salaries and Remunerations Commission, a relieved Kenyan Cabinet Secretary is entitled to a gratuity of 31% of their basic salary for each year served
- According to the Food and Agriculture Organization of the United Nations (FAO) and World Food Programme (WFP), severe food insecurity is expected to worsen in 18 hunger hotspots. A few of these hotspots are in Africa, highlighting numerous factors that contribute to food insecurity in some parts of…
- Following the debacle within Nigeria’s oil sector, oil regulators have reached an agreement with oil producers to stabilize the sector. The deal would ensure that domestic refineries would be able to buy crude at market prices. There has been concerns in Nigeria's oil sector concerning sale of…
- At the beginning of 2024, the number of companies in the Nigerian stock market with a market cap of over a trillion naira grew to 13. Behind these records lie the efforts of individuals, notably the MDs and CEOs, who bear the weight of responsibility in steering their companies through turbulent…
- The scrutiny and discrimination of the LGBTQ+ community in several African countries is one of the most glaring in the world. Most of Africa still has a very low tolerance level for the group. Many LGBTQ+ people are abandoned by their families, and rejected by society. Discrimination against…
- African mines have the potential to supply nearly 10% of the world's rare earth elements within five years, up from zero today, thereby introducing new players into a market currently dominated by China.
- Ethiopia made significant gains from its coffee market in the 2023/24 fiscal year, surpassing the previous year’s figure. The Ethiopian government disclosed that coffee exports raked in $1.43 billion in revenue during the period under review. They also disclosed that they sold 20% more coffee per…
- Nigeria's informal sector is an important part of the country's economy, giving jobs and income to millions of Nigerians. This sector, which comprises unregistered and unregulated firms, covers a wide range of activities, including street vending, small-scale agriculture, domestic employment, and…
- A new study titled The Henley Private Wealth Migration Report 2024 has shown that some countries are steadily growing their millionaire population to measure up with the world economic powerhouses like the United States of America and China.
- Morocco plans to purchase a spy satellite from Israeli Aerospace Industries (IAI) in a $1 billion deal, according to Moroccan media reports on Wednesday.
- Anant Ambani, the son of the richest man in Asia, Mukesh Ambani, is set to marry his longtime girlfriend Radhika Merchant in a grand ceremony, which many anticipate will be the wedding of the year.
- Crime, ranging from petty thefts to organized crime syndicates, has far-reaching effects on countries. In mid-2024, South Africa recorded the highest crime index in Africa.
- Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against them. However, the Cameroonian president's…
- Same-sex relationships, while gaining global acceptance, continues to remain a hot-button issue in most African countries. Numerous countries on the continent have very little tolerance for the LGBTQ community and as such harsh laws are issued against them. However, the Cameroonian president's…
