Botswana Audacious plan to replace Russia in the energy market
Since Russia invaded Ukraine, there has been a massive gap in the global energy sector. Russia’s supply of liquefied gas to European nations hit a roadblock following the escalation of…
AFRICAN BILLIONAIRES UNDER 50
Africa is a breeding ground for hard working individuals who are not shy to use their brains and also get their hands dirty, in a bid to make a success…
South Africa recently declared bitcoin and other cryptocurrencies to be financial products. Here’s what we know
On Wednesday, South Africa declared crypto assets to be a financial product to make it easier for regulators to monitor the market and help to safeguard consumers. According to a…
Uganda and Rwanda are set to overtake Kenya in the number of indigenous dollar millionaires
Uganda and Kenya are projected to have more dollar millionaires over the next decade. A report by New World Wealth and Henley & Partners made the revelation. The report also…
Top 10 hungriest African countries in 2022
The 2022 Global Hunger Index (GHI) is out, and it has left the government fuming. The recently-released report was prepared jointly by the Irish aid agency Concern worldwide and the…
Top 5 richest men in Africa in October 2022, their global ranking, and profit, and loss margins
Dangote is the richest man in Africa, and the only African on the list not below the 200th position. The list contains global ranking, profit or loss margin, and year-to-day…
Relief, as first Africa-bound Ukrainian wheat shipment since Russia’s invasion finally arrives
The shipment, which arrived Djiboutian shores yesterday, would be heading to land-locked Ethiopia where millions of people are starving. The shipment would feed about 1.5 million people for one month.…
Latest court ruling might just be the end to Central African Republic’s crypto ambitions
The court ruled that the government’s plan to sell citizenship to foreigners via crypto purchase is unconstitutional. According to the court, ‘nationality’ does not have a market value and therefore…
Investment flows to Africa reached a record $83 billion in 2021
European investors remained by far the largest holders of foreign assets in Africa, led by the United Kingdom ($65 billion) and France ($60 billion). Southern Africa, East Africa and West…
POOR POWER SUPPLY IN SOUTH AFRICA: CAUSES AND WAY FORWARD
The South African energy crises began in 2007, and had continued to date. Throughout this period, the country has been experiencing widespread outages due to ongoing load shedding. This has…