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It’s fascinating to witness the blossoming success of Tony Elumelu, a household name in Nigeria and across Africa. Currently estimated at a net worth of $2.15 billion by MoneyCentral, Elumelu has not only established himself as a formidable business titan but also as an inspiring figure. This astonishing figure makes one ponder, what sets him apart? Let's delve into the details. According to recent evaluations, this notable ascent comes primarily from his calculated investments and ownership stakes…

Human Rights Watch has called upon Mozambican authorities to conduct an immediate and thorough investigation into the recent attack on opposition members in Maputo. This incident unfolded during a significant moment—the signing of a peace accord between President Daniel Chapo and various opposition parties, notably excluding former presidential candidate Venancio Mondlane, who led hundreds in a peaceful march that day. The stark contrast between the peaceful intentions of the demonstrators and the violent response they…

In the labyrinthine world of commerce, decisions often lead to myriad outcomes. The Nigerian National Petroleum Company (NNPC) Limited recently made a pivotal choice, halting its innovative Naira-for-crude initiative. This development bears significant impacts on local refineries, not least because this initiative enabled transactions in the country's own currency—a bold strategy designed to mitigate complexities of foreign exchange. The decision to suspend the program emerged from reports…

Imagine a vast land teeming with unparalleled opportunities and challenges—a mosaic of cultures, resources, and vibrant economies. Welcome to Africa, the continent at the heart of Russia's expanding international trade canvas. In 2024, Russia's food shipments to Africa burgeoned to an impressive $7 billion, marking a nearly 20% rise compared to the previous year. Why this surge? What does this tell us about the evolving global trade dynamics? A publication from the Russian Export Centre (REC) painted a detailed picture:…

Angola is stepping into an ambitious role, attempting to mediate the ongoing turmoil in eastern Democratic Republic of Congo (DR Congo). The focus lies on facilitating direct negotiations between Kinshasa, the capital of DR Congo, and the M23 rebel group, which has recently captured significant territories. During a recent meeting held in Luanda, Angolan President João Lourenço unveiled a comprehensive plan aimed at establishing dialogue between the warring factions. His commitment to fostering peace in the region cannot be…

In a significant development for African football, Patrice Motsepe, the prominent South African mining executive, has secured his position as the president of the Confederation of African Football (CAF) for a second consecutive term, doing so without any opposition. This confirmation of his leadership signals both continuity and the potential for further progress within the organization. At 63, Motsepe stands as a notable figure not just in the realm of sports but also in business, with his family's trust owning Mamelodi…

Lagos, a city pulsating with energy and ambition, has marked a monumental milestone, now ranking as Africa's second-largest economy, trailing only behind the bustling metropolis of Cairo, Egypt. Just pause for a moment to ponder this achievement. It isn't just a tale of numbers but a testimony to the relentless spirit that courses through the veins of Lagos. Reflecting on the first half of 2024, Lagos’s economy unveiled its remarkable resilience, with a staggering growth to ₦27.38 trillion, soaring from ₦19.65…

In a dramatic twist of events, self-proclaimed prophet Shepherd Bushiri and his wife, Mary Bushiri, welcome an unexpected chapter in their ongoing saga. As the leaders of the Enlightened Christian Gathering Church, they cultivated a prominent following in South Africa. However, the clouds of legal troubles have loomed ominously over their heads. Back in 2020, the couple made an audacious escape from South Africa, leaving behind a trail of serious allegations. Accusations of defrauding investors to the tune of R102 million…

The world's richest person and the president of the United States have become close political allies, with Musk calling himself "first buddy" following Trump's victory and donating more than $200 million toward pro-Trump super PACs. He's been seen by Trump's side often since the inauguration in January, and his official role at the White House is a "special government employee." Trump tasked Elon Musk with recommending cost cuts in the federal government, which are being made by the White House DOGE office. Since his…

In our ever-changing world, have you ever found yourself standing at the crossroads of buying or selling a motorcycle, feeling overwhelmed by the choices? If yes, you're not alone. The journey to acquiring or parting with two wheels of freedom can often seem daunting. However, iMotor offers a haven for motorcycle enthusiasts, streamlining the process with its dedicated platform. Let's delve into why iMotor is regarded as the ideal marketplace for motorcycle transactions in Malaysia and uncover how it continues to…