Africa’s leading online retailer, Jumia, is positioning itself to capitalize on renewed consumer spending in Nigeria, unveiling an ambitious growth campaign to deepen the country’s adoption of digital commerce amid rising competition from global rivals. Jumia is ramping up its growth strategy in Nigeria, betting on a rebound in consumer spending. The company’s new “Just…
The United States has expanded the use of third-country deportations to several African countries, a policy shift that is drawing scrutiny over its financial cost and oversight mechanisms, according to a report by Democrats on the Senate Foreign Relations Committee. African participation varies, with decisions driven by financial, strategic, or diplomatic interests, while U.S.-Africa migration…
Zambia has halted a proposed health funding agreement worth more than $1 billion from the United States, citing concerns that certain clauses in the draft do not fit with the country’s national interests. Zambia has suspended a $1 billion US health funding agreement, citing concerns that certain clauses do not align with its national interests.…
Wealth isn’t necessarily a benefit when it comes to mental health, a new report released in February shows, and nowhere is this more evident than in Africa. A new report shows that wealth does not necessarily equate to better mental health, with young people in Africa outperforming those in wealthier countries. Youth in high-income countries…
Lithium prices and stocks jumped after Zimbabwe, a leading global producer, suspended exports of lithium concentrate, sparking concerns about tightening global supplies of the critical battery material. Lithium prices and stocks surged after Zimbabwe suspended all exports of lithium concentrate. China’s lithium prices soared amid concerns about tighter global supplies following the ban. Lithium is…
Africa’s digital landscape is rapidly evolving as countries implement policies to expand internet access and improve connectivity. Africa is rapidly enhancing its digital landscape through policies and investments in broadband, 4G, and 5G networks. Governments are prioritizing digital adoption and partnering with tech companies to expand coverage and reduce costs. Challenges like regulatory inconsistencies, rural…
South African miner Valterra Platinum says it is owed about $100 million in export proceeds by Zimbabwe’s government, highlighting persistent foreign exchange pressures facing mining companies operating in the country. Valterra Platinum says Zimbabwe owes it $100 million under the country’s forex retention policy. The miner is receiving partial payments but warns that the backlog…
Addis Ababa has emerged as the diplomatic hotspot in Africa this month, having hosted three key international leaders in just three weeks. The latest visitor, Israeli President Isaac Herzog, arrived at Bole International Airport this morning and was greeted cordially by Ethiopia’s Minister of Foreign Affairs Gedion Timotheos and State Minister Berhanu Tsegaye. Addis Ababa…
Nigeria’s push towards fuel self-sufficiency has gained fresh momentum after the Dangote Petroleum Refinery signed an offtake agreement with 12 major marketers to distribute up to 65 million litres of petrol daily across the country. Nigeria’s Dangote Petroleum Refinery has signed a landmark offtake agreement with 12 marketers to supply up to 65 million litres…
