Aliko Dangote, Africa’s richest man, has revealed that the Federal Government of Nigeria earns as much as 52 kobo from every N1 generated by his cement company. Aliko Dangote, Africa’s richest man, disclosed that the Nigerian Federal Government earns substantial revenue from his cement company. His cement company operates across over 10 countries and has…
Tanzania has completed the $260 million John Magufuli Bridge, the longest in East Africa and one of the ten longest on the African continent. Tanzania has completed the $260 million John Magufuli Bridge, the longest in East Africa, spanning 3.2 kilometers across Lake Victoria. It is set to open to traffic on June 19, 2025,…
The United Kingdom has finally decided to relinquish its hold on its last standing African colony, the Chagos Islands, situated in the island nation of Mauritius. The United Kingdom has agreed to transfer jurisdiction of the Chagos Islands to Mauritius. This deal retains UK control of the Diego Garcia military base under a 99-year lease.…
Brazil’s central bank has expressed doubt about the likelihood of BRICS nations displacing the U.S. dollar as the dominant global currency within the next decade. Brazil’s central bank expresses skepticism about BRICS replacing the U.S. dollar as the dominant global currency Analysts note growing pressures, such as trade tensions and sanctions, prompting calls within BRICS…
The Dangote Petroleum Refinery and Petrochemicals announced a partnership with Vinmar Group, a global petrochemicals distributor, to introduce Dangote polypropylene to international markets. Dangote Petroleum Refinery announced a partnership with Vinmar Group to introduce polypropylene internationally. The petrochemical plant in Lagos, with an 830 metric tonne capacity, began polypropylene production in March. The facility aims…
Russia has intensified its engagement in the Sahel by delivering humanitarian aid to Burkina Faso and preparing a significant wheat shipment to Niger. Russia is increasing humanitarian aid to Burkina Faso and Niger, including 709.5 tons of assistance and 20,000 tons of wheat. Moscow’s actions reflect a strategic approach to enhance ties with African military-led…
Significant progress has been made in recent weeks between the International Monetary Fund and West African nations, specifically Nigeria and Ghana. These African countries have moved the needle concerning their debts to the International Monetary Fund (IMF). Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF in April…
During recent Joint Ministerial Committee meetings Sudan and Russia, two comprehensive geological atlases and technical papers were officially handed over to Sudan’s Minerals Ministry. Sudan has received two geological atlases from Russia aimed to replace lost mining data and aid the country’s mineral sector recovery. Dr. Hind Siddiq, Sudan’s Mineral Resources Undersecretary, initiated the exchange…
The presidents of South Africa and the United States, Cyril Ramaphosa and Donald Trump, on Wednesday, held a meeting at the Oval Office to lay down a path to reconciliation. The presidents of South Africa and the United States, Cyril Ramaphosa and Donald Trump, recently held discussions at the Oval Office to address ongoing tensions.…
