The East African Community (EAC), a regional intergovernmental organization of six member states, is grappling with a severe financial crisis as members fail to pay their dues. The East African Community (EAC) is facing a severe financial crisis due to member states’ failure to pay their dues The collective outstanding amount owed by member states…
The expiration of President Donald Trump’s 90-day suspension of U.S. humanitarian aid on April 20 raised hopes for the return of crucial funding across Africa and other heavily impacted regions. Trump’s 90-day suspension of U.S. humanitarian aid expired on April 20 The suspension caused devastating blows to Africa’s healthcare industry Deep scars are left across…
Johann Rupert, South Africa’s richest man, had a considerable increase in his wealth in April compared to last month, consolidating his status as one of Africa’s most influential industrialists. Johann Rupert’s net worth increased from $13.7 billion at the start of the year to $15.3 billion in April. He is Africa’s second richest man and…
On the 25th of April, Bloomberg reported that ‘a large fuel-production unit at Nigeria’s Dangote Oil Refinery’ was undergoing maintenance. However, the Dangote Refinery has come out to dispute this report. Dangote Refinery disputes reports of fuel production unit undergoing maintenance. Spokesperson claims refinery is loading millions of litres of fuel daily. Initial report claimed…
The World Bank projects that economic activity in Sub-Saharan Africa will climb from 3.3% in 2024 to 3.5% in 2025, and further accelerate to 4.3% by 2026–27. Economic activity in Sub-Saharan Africa projected to increase from 3.3% in 2024 to 3.5% in 2025, and further to 4.3% by 2026-27. Growth being weighed down by largest…
