According to a recent report by the African Airlines Association, air travelers in Nigeria pay three times more in taxes than air passengers in other African countries. Nigerian air travelers face significantly higher taxes, averaging $180 per foreign departure compared to the African average of $68. Countries such as Gabon, Sierra Leone, and Nigeria have…
Details
Cash-strapped Mozambique is considering approaching China, its largest bilateral creditor, to restructure $1.4 billion in debt, President Daniel Chapo has revealed. Mozambique considers seeking assistance from China to restructure $1.4 billion in debt amid fiscal challenges. Economic strains result from nationwide unrest and consecutive periods of economic contraction. Rising focus on debt sustainability pressures Mozambique…
Details
Egypt is strategically leveraging debt swap agreements to alleviate its debt burden and unlock development financing, amid growing calls for global financial system reform. Egypt utilizes debt swap agreements to reduce financial strains and boost development financing. Notable deals include partnerships with Germany, Italy, and China, totaling over $900 million. Challenges like increased external debt…
Details
A major gold mining initiative in Ghana’s Upper West region has officially entered its development phase, signaling renewed momentum for a project long in the making. Construction of the Black Volta Gold Mine has been initiated, advancing a long-anticipated mining project in Ghana’s Upper West region. The project has secured funding from existing shareholders and…
Details
Amid the lingering effects of recent coups, disputed elections, and intensifying crackdowns on dissent, Africa’s democratic landscape remains sharply divided. Freedom globally declined for the nineteenth consecutive year, according to the 2025 Freedom House report. The report assessed 195 countries and 13 territories, with notable democratic gains and challenges present in Africa. Nations including Nigeria,…
Details
U.S.-based energy company HYDRO-LINK has announced plans to construct a 1,150-kilometre electricity transmission line connecting Angola and the Democratic Republic of the Congo (DRC), in a step toward regional energy integration. HYDRO-LINK announced plans to construct a 1,150 km electricity transmission line between Angola and the DRC. The $1.5 billion project aims to alleviate power…
Details
