Four of Africa’s richest men control $57.4 billion, a fortune greater than the combined wealth of 750 million people. Africa’s billionaire count rose from zero in 2000 to 23 today, with their wealth increasing over 50% in the last five years. Four African billionaires possess $57.4 billion, surpassing the wealth of 750 million people. The…
Nigeria’s first deep-sea port has resumed transshipment cargo operations after a major upgrade in facility, marking a significant step in the country’s ambition to become a major player in West African maritime logistics. Nigeria’s first deep-sea port has resumed operations after major upgrades. The port aims to attract international cargo destined for neighboring West African…
South Africa’s heated political battle over foreign investment and digital sovereignty has intensified, with Julius Malema’s party, Economic Freedom Fighters (EFF), declaring that Elon Musk’s Starlink satellite service must “never be allowed” to operate in the country South Africa is facing a heated political debate over foreign investment and digital sovereignty, centered on the Starlink…
A silent shift in global wealth is underway as hundreds of dollar millionaires and investors migrate to countries and climates that are more conducive to their ideas, expectations, interests, and finances. Africa is not immune to this trend. A global shift in wealth migration is occurring, as millionaires move to favorable countries for various reasons.…
In a move that demonstrates Senegal’s firm stance on LGBTQ matters, the United Nations (UN) and the Dutch government have cancelled a planned event in Dakar after the Senegalese government issued a stern warning, citing opposition to the “promotion of the LGBTQI phenomenon.” UN and Dutch foreign ministry canceled an event in Senegal addressing LGBTQI…
Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, says efforts to revive Nigeria’s state-owned refineries are becoming “a bit more complicated.” Efforts to revive Nigeria’s state-owned refineries are encountering increased complications, according to the CEO of NNPC Limited, Bayo Ojulari. Despite significant investments into modernizing refinery technology, expected improvements…
