When adjusted using the U.S. dollars, low wages in African countries indicate a deeper issue: people receive insufficient pay to satisfy basic needs such as food, housing, and healthcare. Low wages in African countries fail to meet basic living standards, leading to poverty and inequality. This wage insufficiency suppresses consumer demand and overall economic growth,…
Africa’s largest privately owned refinery, the Dangote Petroleum Refinery in Lagos, has secured a new two-year crude supply agreement with the Nigerian National Petroleum Company Limited (NNPC), ensuring continuity of fuel production for the domestic market after a series of suspensions and labour disputes Africa’s biggest privately owned refinery, Dangote Petroleum Refinery, has signed a…
The Dangote Petroleum Refinery’s dispute with the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) appears to have no immediate resolution, given the counterproductive meeting between both parties. The dispute between Dangote Petroleum Refinery and PENGASSAN remains unresolved following an unfruitful meeting mediated by the government. Negotiations were overseen by several ministers, with no consensus…
Nigeria and South Africa could be removed from the Financial Action Task Force’s “grey list” as early as next month. Nigeria and South Africa might be removed from the Financial Action Task Force’s grey list in the next month. The grey list designation affects countries’ economic reputation and could lead to reduced capital inflows. Recent…
Another country in 2025 has experienced the dissolution of its government following a period of intense public protest. Madagascar, an Island nation in Africa, has seen an abrupt end to its current administration, much like Nepal. Madagascar’s government, led by President Andry Rajoelina, was dissolved on September 29, 2025, after escalating public protests. The protests…
Intelligence agencies from Niger, Burkina Faso, and Mali have intensified regional security operations against insecurity in a move that could send shockwaves through Nigeria’s political class. Intelligence agencies from Niger, Burkina Faso, and Mali intensify regional security cooperation. AES operations target alleged political collaborations aiding militant networks in Nigeria. Reports suggest diverted funds for arms…
German power utility RWE said it has pulled out of Namibia’s $10 billion Hyphen green ammonia venture, dealing a setback to the southern African nation’s ambitions to become a leading hydrogen hub. RWE withdrew from Namibia’s $10 billion Hyphen green ammonia project, affecting the country’s hydrogen hub ambitions. RWE’s decision reflects the slower-than-expected development of…
China, Zambia and Tanzania have struck a $1.4 billion deal to modernise the ageing Tanzania–Zambia Railway, a lifeline for moving copper out of southern Africa. China, Zambia, and Tanzania have agreed on a $1.4 billion modernisation project for the Tanzania–Zambia Railway. The China Civil Engineering Construction Corporation (CCECC) will manage a 30-year concession for reconstruction…
Major oil institutions in Nigeria, including the Nigerian National Petroleum Company Limited (NNPC), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), have been shut down following a strike set about by the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) of Nigeria on Monday. Major oil…
