NEWS

Africa’s 3rd richest Man, Abdulsamad Rabiu’s latest acquisition is Africa’s first Bombardier Global 8000 jet

PerformanceBy Editor17th June 2026Leave a comment

Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…

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Morocco named among world’s top silver-producing countries

PerformanceBy Editor17th June 2026Leave a comment

Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…

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South Africa misses shipping boom as Cape Town ranks worst port in the world

PerformanceBy Editor16th June 2026Leave a comment

The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…

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South Africa is upgrading the financial infrastructure that moves $32 billion every day

PerformanceBy Editor16th June 2026Leave a comment

Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see. South Africa’s SAMOS payments platform processes about R584 billion ($32.4 billion) daily. Roughly 90% of transaction value is settled in real time, reducing risks in the banking system. The Reserve Bank…

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Nigerians are increasingly using digital dollars. The IMF says that could become a problem for the naira

PerformanceBy Editor16th June 2026Leave a comment

Millions of dollars are moving into and out of Nigeria through smartphones, digital wallets, and dollar-backed crypto assets, creating a new challenge for Africa’s most populous economy. Nigeria received about $59 billion in crypto inflows between July 2023 and June 2024, according to IMF-cited data. Stablecoins have become a major tool for remittances, trade payments…

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Israel sparks diplomatic row with broad ebola travel ban on 5 African nations

PerformanceBy Editor15th June 2026Leave a comment

Israel has imposed sweeping travel restrictions on foreign nationals from five African countries following concerns over the spread of Ebola, drawing a sharp protest from Kenya, which says it has not recorded a single case of the disease. Israel has imposed strict travel restrictions on foreign nationals from five African countries due to Ebola concerns.…

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