Koidu Limited, the largest diamond mining company in Sierra Leone, has suspended operations and dismissed nearly all of its over 1,000 local workers amid an ongoing dispute over wages and working conditions. Koidu Limited has suspended operations and dismissed over 1,000 local workers amid disputes over wages and conditions. Workers claim they receive only 30%…
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Ghana is seeing a significant improvement in its debt position, thanks to economic expansion and tighter control of public expenditure following a recent debt crisis, according to Barclays Plc. Ghana’s debt-to-GDP ratio improved to 54% as of January 2025, surpassing the IMF’s 2028 target. The government aims to reduce the budget deficit to 3.1% of…
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Nigeria’s economy posted its strongest growth in nearly a decade in 2024, fueled by a robust fourth quarter and a healthier fiscal outlook, according to the World Bank. Nigeria’s economy experienced its strongest growth in nearly a decade, achieving a 4.6% year-on-year increase in the fourth quarter of 2024. The World Bank predicts overall growth…
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Russia aims to strengthen its influence in Africa by providing its state-backed military force – Africa Corps – to replace the ousted Wagner group and defend the Central African Republic (CAR). Russia is reinforcing its presence in Africa by deploying its state military force, Africa Corps, in the Central African Republic (CAR). CAR aims to…
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As the fifth month of 2025 rolls on, several African countries are still dealing with consistently high fuel prices, a pattern that strains economies, inflates family spending, and stymies development efforts Business Insider Africa presents the top 10 African countries with the highest fuel prices in April 2025. This list is courtesy of GlobalPetrolPrices. The…
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Nigerian business mogul and Africa’s richest man, Aliko Dangote, alongside fellow billionaire David Rubenstein, have made a push into the Kenyan tourism industry with the acquisition of Pollman’s Tours and Safaris. Aliko Dangote and Dave Rubenstein have invested in Kenya’s tourism sector by acquiring Pollman’s Tours and Safaris. The acquisition was executed through Alterra Capital,…
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