The Paradox of Nigerian Crude Oil Divestment and Climate Change
Crude oil and gas divestment in Nigeria is a trend that denotes the selling of assets by oil majors or international oil companies (IOCs) operating in the country. In recent times, this trend has been triggered by several factors top among them being the global energy transition. Some of the other reasons for this action […]
The Threats to Journalists and the Absence of Press Freedom
Journalists in Cameroon face threats and danger in their line of work, with some being killed for their investigative reporting. As Cameroon joins the globe to commemorate the World Press Freedom day,some journalists have called on the government to ensure their freedom of expression is granted.Journalist in Cameroon at risk In Cameroon, journalists face an […]
Mauritius Luxury Home Developer Prioritises Sustainability
The spotlight on sustainable practices within the built environment has never been greater with the World Green Building Council presenting new statistics on the impact of the building sector. Developers of luxury resort homes are responding with new initiatives and embracing innovative techniques to ensure that their impact on the environment is not only minimal, but […]
Africa’s Fastest Growing Companies 2023
After a recent period in which capital flows to emerging markets have slowed and start-up companies have been rattled by the collapse of Silicon Valley Bank, the FT/Statista 2023 annual ranking of Africa’s fastest-growing companies casts its gaze back to encapsulate a time of corporate dynamism at what was the height of the pandemic. The […]
Firms from 3 West African States Appear in African Business’ Survey of Africa’s Top 250 Companies in 2023
Nigeria with 22, Côte d’Ivoire with 11 and just two from Ghana. The lack of Ghanaian presence is particularly striking because of the level of economic growth the country has enjoyed over many years and the injection of oil and gas revenues into an already diverse economy. Yet inflation there reached 54.1% in December, forcing […]
Africa is Increasingly being Seen as a Partner, Rather than just a Recipient of Aid
With the battle for influence in Africa depicted as a contest between the US and China, other industrialized powers, that have long neglected the continent, are scrambling to make their voices heard. Their quickest path to political relevance on a continent with the world’s youngest population and key mineral reserves may be through the energy […]
In Sudanese Conflict, Either You Lose Everything, Or You Die
By Hisham Allam On the first day of the Muslim holiday of Eid al-Fitr, Saber Nasr, a young Egyptian man of 20, developed a fever. Saber, who left Egypt for Sudan to pursue his dream of becoming a dentist after his high school grades prevented him from enrolling at an Egyptian university, was unable to find […]
African Countries are Out to Rewrite their Mining Contracts
Mining agreements have long been plagued by accusations of unfair terms, where one party – usually investors- wins at the expense of host countries. Now armed with critical minerals such as cobalt and lithium, African countries are demanding more in taxes, royalties and profits. Endowed with the world’s largest cobalt reserves, the Democratic Republic Congo […]
IMF Says AfCFTA Could Work
The head of the International Monetary Fund is urging African countries to implement the Africa Continental Free Trade Area. Speaking Friday in Nairobi, Kristalina Georgieva said intracontinental trade could grow by 53% if steps are taken to remove trade barriers and improve logistics and transportation. Georgieva said there are many benefits to be gained from […]
If Nigeria’s Fuel Subsidy was Discontinued, a Significant Portion of the Savings Could be Distributed to Low-income Citizens
Nigerians are being hit from all sides by a combination of factors that are making their lives increasingly difficult. These include rising cost of living which is reflected in double-digit inflation, stagnant wages, non-payment or the late payment of salaries, a cash crunch and fuel scarcity. In recent years the World Bank has been urging […]
