Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
The recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
Climate change is making extreme weather events causing floods, droughs, and wildfires more common and severe, so influencing nations all around. Particularly the Horn of Africa is prone to strong rain, which causes terrible localized flooding, loss of livelihoods, and even deaths. In order to solve this, researchers are using artificial intelligence (AI) to forecast […]
Dr Yunusa Bawa spends a lot of time talking about the human papillomavirus vaccine, which is responsible for almost all cases of cervical cancer. However, most of the time, only two or three people allow their girls to be vaccinated in the rural area of Nigeria where he works. The issue in the community of […]
The United Arab Emirates has inked a contract with the UN World Food Program (WFP) to provide $25 million in emergency food aid to people impacted by the situation in Sudan and South Sudan, Emirates News Agency (WAM) said Sunday. The United Nations claims that the Sudanese army and the paramilitary Rapid Support Forces (RSF) […]
Attending the first Korea-Africa summit starting on Tuesday, June 3 are delegates from 48 African countries. The two-day negotiations in Seoul are supposed to center on improving trade, technological, and investment relations between South Korea and Africa. Growing Collaboration Particularly in relation to minerals and resources, South Korean officials have underlined the need of increasing […]
The U.S.-Africa Business Summit, under the theme ‘U.S.-Africa Business: Partnering for Sustainable Success’, provides a unique opportunity for government officials, business leaders, investors, policy makers and entrepreneurs to engage in discussions, explore business opportunities and forge strategic partnerships to spur economic growth and development across the African continent. Organised by the Corporate Council on Africa […]
On Monday, in Nairobi, Kenya, African heads of state met in which philosophize backhanded representatives of the World Bank. The contest lit on renderings like the International Development Association (IDA) and the African Oceania. The IDA, a depository of the World Bank, is reputed to deliver immensely favourable conditions for loans destined for poverty alleviation […]
South Africa Emerges as the New Leader : In a significant turn of events, South Africa has surpassed Egypt and Nigeria to become the new leading economy in Africa. This shift in the ranking reflects South Africa’s relative stability, improved energy supply, and efforts to address logistical challenges. These factors have contributed to its resurgence […]
Comilog, the global leader in manganese production, has long faced criticism for its practice of dumping manganese sludge and residues into a river. However, the company has made significant efforts to address these concerns by implementing less polluting modern laundries and investing in social services in the town of Moanda, located in southeastern Gabon. Under […]
Nigerians are increasingly adopting Starlink, a satellite internet service provided by SpaceX. Over the past four months, Space X has managed to attract 500,000 new users in Nigeria, indicating a growing interest in the technology. The CEO of Space, in an interview with Legit.ng, stated that Nigerians are now shifting away from other traditional networks […]
In a move to bolster the cocoa industry, the Ivory Coast has announced a substantial 50% increase in the official selling price of cocoa. Within a few days, the price per kilogram will rise from 1,000 to 1,500 CFA francs, equivalent to $2.47, as reported by anonymous export companies. Sources reveal that this decision was […]
Canal+, a French company and subsidiary of Vivendi under Vincent Bolloré’s ownership, is reinforcing its presence in the African audiovisual industry. The company has acquired a minority stake in Senegalese production company Marodi TV, with which it had already been broadcasting a catalogue of TV series in West Africa. Marodi TV has gained immense popularity […]
In a significant legal development, a New York court has handed down a 25-year prison sentence to Sam Bankman-Fried in the United States of America. The verdict comes after Sam Bankman-Fried, a prominent figure in the world of cryptocurrencies, was found guilty of orchestrating a massive fraud and engaging in a wide-ranging conspiracy that targeted […]
The bamboo industry is experiencing remarkable growth in Uganda, opening up a host of enticing economic opportunities. Recognizing the immense potential of this resilient and rapid-growing plant, the government is actively promoting its cultivation. Local authorities emphasize bamboo’s value as a renewable fuel source in rural communities, alleviating pressure on diminishing forest reserves primarily composed […]
The Egyptian government implemented a fuel price hike on Friday, further exacerbating inflationary pressures on an already struggling population. The announcement of the new prices was made through the government’s official Facebook page and took effect on Friday morning. The price of diesel, which is the primary fuel used for transportation of people and goods, […]
Migration Concerns and Regional Stability The European Union (EU) has announced a significant partnership worth €7.4 billion with Egypt, with a particular focus on energy and migration. However, this agreement has raised concerns among human rights advocates who worry about the potential implications of economic pressure and regional instability, which could lead to increased migration […]
Ghana is still a thriving center for economic prospects and entrepreneurship in West Africa as of 2024. A rising economy, better infrastructure, and a stable political climate make the nation an ideal place for a variety of enterprises to flourish. Including technology and agribusiness, these are Ghana’s top 10 most lucrative companies in 2024: 1. […]
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 conditions, causing immense hardships for the agricultural sector and food security. The usual rainy season, which typically extends from October […]
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 the internet through their mobile devices. However, the speed and quality of mobile internet vary widely across the continent, depending […]