Trade between African and GCC countries stands at $ 121 billion in 2023, double of what it was in 2016. This growth is witnessed due to the efforts of Gulf countries to shift their economies…
Zambia Declares “National Emergency” as Drought Takes Hold
Zambian President Hakainde Hichilema has declared a state of national disaster and emergency due to a devastating drought that has engulfed the country. Currently, 84 out of 116 districts in Zambia are experiencing severe drought…
Which African Countries Have the Fastest Mobile Internet?…
Mobile internet is one of the most important drivers of digital transformation and economic development in Africa. With the increasing adoption of smartphones and the expansion of network infrastructure, more and more Africans are accessing…
WTO Appeals for Safeguarding Global Trade Amidst Instability
The World Trade Organization (WTO) has issued a call for collective action in response to economic uncertainties and geopolitical tensions. Against the backdrop of crucial upcoming elections worldwide, the WTO Director-General addressed these pressing issues…
How tax rates vary across Africa: a ranking…
Africa is a continent with diverse economic and social conditions, which are reflected in the different tax systems and rates that each country adopts. Taxation is a key tool for governments to raise revenue, provide…
A Step-by-Step Guide on How To Block All…
While losing or having your ATM card stolen might be upsetting, blocking the card right away can stop someone else from accessing your money without authorization. Banks in Nigeria give their clients many ways to…
China’s African Business Under Pressure from the Red…
China, the world's second-largest economy and Africa's largest trading partner, has been facing increasing pressure and challenges in its business operations and investments in Africa, due to the ongoing crisis in the Red Sea. The…
Nigeria: Protest Erupts in Ibadan Over Soaring Cost…
Nigeria is currently grappling with one of its most severe economic crises in history. The inflation rate continues to rise, and the local currency has reached its lowest value. In response to poor governance and…
These are the Best Business Trip Destinations in…
Africa is a continent of immense opportunities and challenges, with a population of over 1.3 billion people and a GDP of over $2.6 trillion. The continent is home to some of the fastest-growing and most…
Gauteng Introduces High-Tech Number Plates To Enhance Vehicle…
Motorists in Gauteng, a province in South Africa, will soon have to apply for new high-tech number plates for their vehicles. These new number plates will have several features to enhance security and efficiency. They…
Cement Prices In Nigeria Reach Record High Of…
In Nigeria, the price of cement has skyrocketed to a record high of N7,000, doubling from around N3,300 to N3,500 just three years ago. This sharp increase is mainly due to the country's rising inflation.…
Construction underway for Africa’s largest desalination plant in…
Facing recurring periods of drought, the kingdom is turning to seawater desalination technology. Casablanca has initiated the construction of the largest plant on the continent. The objective is to produce 300 cubic meters of drinking…
Reserve Bank Of Zimbabwe To Announce New Measures…
Zimbabwe is facing serious economic problems, with its currency, the Zimbabwe dollar, dropping to new lows. Recently, the value of the Zimbabwe dollar fell so much that one US dollar is now equal to over…
Italy’s Approach to Engaging with Africa
Italy-Africa Summit Sets Stage for Development and Cooperation An important Italy-Africa summit recently took place in Rome, attracting around twenty African heads of state and government. The event centered around President Giorgia Meloni's ambitious "Mattei…
Africa Digital Academy in partnership with Meta organizes…
More than 200 individuals gathered at the Radisson Blu hotel in Abidjan on Friday, January 26, 2024, for the inaugural edition of Africa Tech Series, organized by Africa Digital Academy (ADA), a division of Africa…
Rwanda To Host Africa’s First AI Summit In…
Rwanda is set to host the first big AI summit in Africa in 2024. This event is organized by Rwanda's Centre for the Fourth Industrial Revolution (C4IR) and the World Economic Forum (WEF). The goal…
Timbuktoo: A Catalyst for Boosting Start-ups
The United Nations Development Program (UNDP) has unveiled the "Timbuktoo" initiative during the World Economic Forum in Davos. This initiative aims to raise $1 billion with the goal of transforming the lives of 100 million…
Ivory Coast: Blinken Announces $45 Million Funding for…
Antony Blinken, US Secretary of State, Arrives in Ivory Coast After Cape Verde Visit Antony Blinken, the head of American diplomacy, made a stopover in Cape Verde before arriving in Ivory Coast on Monday to…
AI: Elon Musk raises $500 million for his…
Grok, Elon Musk's chatbot, has captured the attention of investors, much like the fervor seen in Silicon Valley. As the owner of XAI and co-founder of OpenAI, Musk successfully raised a staggering $500 million on…
