Mali owes over $94 million to the agency managing a key hydroelectric dam that also supplies power to Senegal and Mauritania. The funding shortfall threatens the continued operation of the dam, raising fears of worsening power outages in Mali. As of 2021, only 53% of Malians had access to electricity, according to the World Bank.…
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In Africa, a handful of countries split their functions across multiple capital cities for political, historical, or economic reasons. Business Insider Africa presents the African countries with multiple capital cities South Africa has three capital cities. A handful of countries split their capital functions across multiple cities for political, historical, or economic reasons. It might…
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Tanzania has formally prohibited the use of foreign currencies, including the US dollar, for all domestic transactions. Tanzania has banned the use of foreign currencies for domestic transactions, requiring payments to be made in Tanzanian Shillings (TZS). The policy aims to reinforce the national currency, improve monetary policy, and protect foreign reserves amid TZS depreciation.…
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Turkey has made a significant breakthrough in its energy exploration efforts in East Africa, announcing that two of the three oil blocks it operates in the region have yielded commercially viable reserves. Turkey discovered commercially viable crude oil reserves in East Africa, estimated at 20 billion barrels. Concern rises over Somalia’s limited revenue and lack…
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According to a recent survey, Kenyans are reporting less crime to the police, highlighting a significant disconnect between the people and the law. Kenyans reported less crime in 2024 to the police than it did the year before. Kenya experienced a 3.5% drop in reported crimes, reaching 101,200 cases, and a 10.8% decrease in child…
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A Congolese delegation led by the Congo Republic’s president, Sassou-Nguesso, met with Russian counterpart Vladimir Putin and his team to discuss the relationship between their countries. The Congolese president Sassou-Nguesso met with Russian President Vladimir Putin to discuss bilateral relations between their nations. The meeting coincided with Russia’s Victory Day commemorations, honoring their collaboration during…
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