As presently constituted, jobs in Uganda, particularly in the informal sector are being taken away from the locals by illegal immigrants. Jobs in Uganda, especially in the informal sector, are being taken by illegal immigrants, according to Auditor General Edward Akol. The number of work permits issued in Uganda increased by 26% from 2020 to…
Details
Climate tech attracted 32% of the total tech funding in Africa last year. However, this represents a decline compared to 2023. Dotun Olowoporoku, Managing Partner at Ventures Platform—a VC firm that has backed over 90 startups across Africa, including climate tech enterprises—stresses the importance of adopting climate-resilient business models. Climate change is no longer a…
Details
The African Continental Free Trade Area (AfCFTA) has begun to be instrumental between Nigeria and Kenya. Kenya received its first shipment from Nigeria under the African Continental Free Trade Area. The shipment included synthetic filaments made by Lucky Fibres Limited, a division of the Tolaram Group. The move is seen as an African triumph and…
Details
Dangote has clarified that the recent hike in the ex-depot price of Premium Motor Spirit (PMS) is a result of the significant rise in global crude oil prices. Dangote Refinery confirmed that it has absorbed about 50% of the cost increases resulting from fluctuations in the international oil market. Dangote clarifies that the increase in…
Details
The African Development Bank (AfDB) warns that if things don’t change soon, about 100 million young Africans could be jobless by 2030. Business Insider Africa presents 10 African countries with the highest unemployment rate. In 2024, the youth unemployment rate in Africa is projected at around 11 per cent, The list is courtesy of Statista.…
Details
Over the weekend, Nigeria officially became the ninth member of the BRICS group of nations as a partner country. Nigeria becomes the ninth member of the BRICS group of nations as a partner country. Nigeria aims to form strategic partnerships with other BRICS countries. Nigeria’s membership will focus on trade, investment, energy security, infrastructure development,…
Details
