The Federal Government has wiped out about $1.42 billion in historical debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, in a move authorised by President Bola Tinubu after extensive record reconciliation. Nigeria has cancelled about $1.42 billion in historical debts owed by NNPC Ltd to the Federation Account after a…
A weak currency is rarely merely a financial annoyance in the economic reality of Africa. It frequently exacerbates suffering by increasing inflation, deepening poverty, discouraging investment, and impairing a state’s ability to withstand shocks. A weak currency significantly impacts inflation, poverty, investment, and economic stability in Africa. In 2025, several African currencies, including the South…
The United States has signed four new Global Health Cooperation Memorandums of Understanding (MOUs) with Ethiopia, Botswana, Sierra Leone and Madagascar, marking a major expansion of Washington’s health engagement in Africa under President Donald Trump’s America First Global Health Strategy. The United States has signed four new Global Health Cooperation MOUs with four more African…
Namibia has been recognised as Africa’s most authentic and demanding tourism destination by the African Tourism Board (ATB). Namibia has been named Africa’s most authentic tourism destination by the African Tourism Board. The country appeals to travellers seeking immersive, conservation-focused experiences. Namibia emphasises sustainable tourism, protecting over 40% of its land for conservation. Its vast,…
Paul van Zuydam has become South Africa’s newest dollar billionaire, joining the ranks of the country’s wealthiest individuals tracked by Forbes. Paul van Zuydam has been recognised as South Africa’s latest dollar billionaire with a net worth of $1.7 billion. Van Zuydam is the owner and chairman of Le Creuset, the renowned French cookware maker.…
Israel has formally recognised the Republic of Somaliland as Africa’s 55th independent and sovereign state, marking the most significant diplomatic breakthrough for the Horn of Africa territory since it declared independence from Somalia in 1991. Israel has officially recognized Somaliland as an independent and sovereign state, marking its first international recognition since 1991. The recognition…
Morocco has joined seven other African countries: Uganda, Egypt, Nigeria, South Africa, Tanzania, Ethiopia, and Zambia, facing growing delays in U.S. visa processing. Nine African countries, including Morocco, are facing extended U.S. visa processing times. Delays predominantly impact first-time B1/B2 applicants, students, business travelers, and family visitors. The rise in application numbers and stricter security…
U.S. President Donald Trump announced Thursday that American forces carried out airstrikes against Islamic State (ISIS) militants in northwest Nigeria, saying the strikes targeted extremist fighters he accused of killing “primarily, innocent Christians.” U.S. President Donald Trump announced airstrikes against ISIS militants in northwest Nigeria. The operation targeted extremists accused of attacking Christians. The Nigerian…
South Africa’s 123-year-old construction and engineering group, Murray & Roberts Holdings (MRH), has confirmed it will exit the Johannesburg Stock Exchange (JSE) in January 2026, ending its long history as a publicly-traded company. Murray & Roberts Holdings (MRH) will exit the Johannesburg Stock Exchange (JSE) in January 2026, marking the end of its long tenure…
