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In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

The spotlight shone brightly on African nations during the prestigious 2025 World Travel Awards (WTA) Africa & Indian Ocean Gala Ceremony, which took place on June 28 at the exquisite Johari Rotana Hotel in Dar es Salaam, Tanzania. The event served not merely as a ceremony but as a gathering point for leaders in tourism and hospitality from across the continent, all coming together to celebrate remarkable achievements in travel, destination development, and service innovation. This year, a staggering 80 award…

On June 27, a statement was released on the Bank of Ghana's (BoG) website, garnering attention from publications like The High Street Journal. The Bank identified ten unlicensed money transfer firms that allegedly are conducting foreign exchange and remittance activities in clear violation of Ghanaian financial laws. Have you ever wondered how many people unknowingly rely on services that operate outside legal frameworks? The BoG stressed that these entities lack the necessary licenses and authorization to…

Algeria Strengthens Economic Diplomacy Amid Shifting Regional Dynamics Algeria's renewed diplomatic engagement is not just a fleeting moment; it represents a robust strategy to enhance economic diplomacy, especially under increasing international scrutiny concerning the long-standing territorial disputes. The significance of this move cannot be overstated. After all, in today's rapidly changing geopolitical landscape, economic ties often translate into political leverage. Wouldn’t you agree that strong partnerships…

Afreximbank: A Catalyst for Change in Africa’s Energy Sector In a noteworthy development, Prof. Benedict Oramah, President and Chairman of the Board at Afreximbank, recently shared significant strides the organization has made during the closing session of its 32nd Annual Meetings. His insights offered a profound glimpse into how targeted financial interventions can reshape an entire continent's energy landscape. Oramah introduced the concept of what he refers to as “African Best…

The Republic of Niger has taken a significant step forward in its political journey by officially unveiling the Consultative Council for Refoundation (CCR). This event marks yet another milestone in the nation’s ongoing transition towards a more stable and participatory governance. As reported by Sputnik Africa, the launch ceremony took place in the vibrant atmosphere of the Mahatma Gandhi International Conference Center located in the heart of Niamey, Niger's capital. Imagine the room filled with a diverse group of…

Insights from Ryan Jacob: A Unique Investment Approach In the world of finance and investment, Ryan Jacob, manager of the Jacob Small Cap Growth Fund (JSCGX), stands out for his distinctive approach. Unlike many fund managers who fixate on particular sectors or overarching themes, Jacob delves into the very essence of a company. He asks fundamental questions: Does the management team demonstrate strong leadership? Do their products boast a competitive edge? And perhaps most importantly, are customers genuinely passionate…

Aliko Dangote, renowned as Africa's wealthiest individual, recently encouraged the continent to embrace a mindset rooted in bold aspirations and long-term vision. He believes that Africa holds the potential to transform into a “heaven” in a span as brief as five years. It’s a provocative thought—what if we actually could? This question resonates with many who are eager for change and growth. During his address at the 32nd Annual Meeting of the African Export-Import Bank (Afreximbank), Dangote emphasized the…

In the heart of Uganda, President Yoweri Museveni is gearing up for yet another campaign. As he navigates the landscape of politics, he's not merely seeking re-election; he aims to extend a rule that has lasted nearly forty years. It’s a significant moment, laden with implications for the future of the nation. This week, the 80-year-old leader officially took steps to endorse his candidacy for both the presidency and the chairmanship of the National Resistance Movement (NRM). “This is a pivotal moment for Uganda,” his…

Strengthening Alliances: A New Chapter in China-Senegal Relations In a significant gathering held in Beijing on a recent Friday, Chinese President Xi Jinping welcomed Senegalese Prime Minister Ousmane Sonko. This meeting bespoke of a deep-seated commitment to mutual growth, highlighting the remarkable strides both nations have made since the 2024 Forum on China-Africa Cooperation. One can't help but wonder: what are the underlying motivations that drive these alliances between nations that…