Nigeria’s House of Representatives has launched a fresh probe into the abandoned $35 million modular refinery project in Brass, Bayelsa State, amid growing concerns over mismanagement and stalled infrastructure in the country’s vital oil and gas sector. Nigeria’s House of Representatives has launched an investigation into the abandoned $35 million Brass modular refinery project in…
Naguib Sawiris, the Egyptian billionaire, who recently announced plans to invest $50 billion in the U.S. real estate market, has become the richest person in North Africa. He is now the richest individual in North Africa with a net worth rising to $9.88 billion. Naguib Sawiris has benefited from the surge in gold prices, increasing…
The President of Ghana, John Mahama, paid a visit to the President of China, Xi Jinping, in Beijing on Tuesday, where they discussed ways to strengthen bilateral ties. Ghana’s President John Mahama visited China’s President Xi Jinping in Beijing to discuss bilateral relations. The meeting occurred alongside the Global Leaders’ Meeting on Women hosted in…
Gambling is now one of South Africa’s fastest-growing entertainment sectors, driving a record $80 billion in turnover during the 2024/25 financial year. But as the industry booms, concerns are mounting over addiction, debt, and the long-term social costs of a nation increasingly betting to survive. The gambling industry in South Africa reached a record R1.5…
The African Union (AU) has suspended Madagascar from all its institutions with immediate effect, following a military coup that deposed President Andry Rajoelina. The African Union (AU) has suspended Madagascar from its institutions due to a recent military coup that deposed President Andry Rajoelina. Colonel Michael Randrianirina led the military intervention, which followed the National…
Nigeria’s automotive landscape is shifting toward cleaner energy as local carmaker Innoson Vehicle Manufacturing (IVM) Limited sets its sights on the country’s rapidly expanding $10 billion Compressed Natural Gas (CNG) market. Innoson Vehicle Manufacturing Limited aims to establish a dedicated assembly plant for Compressed Natural Gas (CNG) vehicles, promoting clean energy in Nigeria. The $10…
The number of people who have borrowed money from a financial institution in Africa, such as a bank, microfinance company, or mobile money platform, is a reliable indication of financial inclusion and economic maturity in many developing and rising economies. The number of people borrowing from financial institutions reflects economic maturity and financial inclusion. High…
American retail powerhouse Walmart has officially unveiled its first Walmart-branded store in South Africa, marking a major strategic shift for the global retailer on the African continent. Walmart debuts its first branded store in Africa at Fourways Mall, Johannesburg, replacing a former Game outlet under Massmart. The move follows Walmart’s complete acquisition of Massmart in…
Johannesburg is set to see a major urban transformation as construction begins on the Southern Farms Mega City Project, an ambitious development aimed at easing the city’s severe housing deficit. Construction has begun on the Southern Farms Mega City Project in Johannesburg to address a housing deficit. Key infrastructure like schools, clinics, and transport networks…
