Aliko Dangote, President of the Dangote Group and founder of the multi-billion-dollar Dangote Petroleum Refinery, has revealed that a significant transformation is imminent in Nigeria’s oil and gas landscape. Aliko Dangote announced imminent changes in Nigeria’s oil and gas sector during President Bola Tinubu’s refinery visit. The $20 billion Dangote Petroleum Refinery in Lagos aims…
Zambia has engaged in discussions with automakers to attract electric vehicle (EV) component manufacturers to set up plants close to its copper mining sites. Zambia aims to attract EV component manufacturers near its copper mines. Copper is crucial for EV engines, boosting Zambia’s role in the supply chain. Finance Minister Musokotwane encourages investments during international…
Russia says it will deepen ties with African countries, including in sensitive areas like defence and security. Russia intends to strengthen relations with African countries, focusing on defense, security, and economic collaboration. The Wagner Group has withdrawn from Mali, but the Kremlin-backed Africa Corps will continue operations in the West African country. The development aligns…
The World Bank has approved a $1.5 billion loan to support South Africa’s structural reforms, focusing on improving infrastructure and reviving economic growth. The World Bank approved a $1.5 billion loan to support South Africa’s structural reforms, focusing on infrastructure and economic growth. The funding addresses challenges including sluggish economic growth and high unemployment by…
The Nigerian government, through the Federal Capital Territory Administration (FCTA), has issued a stern warning to 34 foreign embassies in Abuja, threatening possible closure over their failure to settle ground rent arrears dating back 11 years. The Nigerian government has threatened to close 34 foreign embassies in Abuja over 11 years of unpaid ground rent.…
In the wake of the CBEX scandal that swindled trillions of naira from unsuspecting Nigerians, concerns are mounting that another Ponzi scheme may be unfolding, this time under the guise of a meme coin known as Punisher Coin ($PUN). The SEC has issued a formal warning against investing in an unregulated cryptocurrency named Punisher Coin…
Some select groups of people from the 12 countries affected by President Trump’s travel ban may still be allowed entry into the United States. President Trump’s travel ban affects citizens from 12 countries, imposing restrictions due to national security concerns. Certain exceptions allow entry based on humanitarian grounds, national interest, or specific visa classifications. Critics…
The United States has expanded its commercial presence across Africa, with recent trade data revealing the top ten African nations importing the largest volumes of U.S. goods in 2024. The United States expanded its commercial engagement across Africa in 2024, bolstered by significant growth in exports. Top African importers of U.S. goods in 2024, including…
The Uasin Gishu overseas education program, once hailed as a pathway for Kenyan students to study in Canada and Finland, has imploded into a courtroom scandal involving alleged misappropriation of over KSh 1.1 billion ($8.5 million USD) with potentially hundreds of millions more in unaccounted funds. The Uasin Gishu overseas education program in Kenya is…
