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Understanding the FSCA Investigation Process In November 2024, the Financial Sector Conduct Authority (FSCA) initiated an investigation into Eklavya Asset Managers and its trading platform, SolisMarkets. This inquiry emerged amidst client concerns primarily related to difficulties with investment withdrawals. Initially, the FSCA indicated potential issues with SolisMarkets possibly operating without proper licensing. However, they soon clarified that the investigation was still in its early stages and no conclusions had…

The Transformative Power of Online Education in Africa Access to quality education remains a formidable challenge for many across the African continent. Education, often touted as the great equalizer, is still hindered by an array of obstacles. Teacher shortages, overcrowded classrooms, and inadequate infrastructure combine to create an environment that is less than conducive to learning. Yet, in this age of rapid technological advancement, a new answer is emerging: online schooling. With greater access…

The Evolution of Nigeria's Blockchain Ecosystem A remarkable report from the venture capital firm Hashed Emergent has shed light on Nigeria’s blockchain landscape, revealing the impressive strides made by over 80 emerging startups. Together, these pioneers have successfully secured funding exceeding $130 million, with $20 million raised in the early months of 2024 alone. It’s a staggering figure that showcases the burgeoning potential of technology in one of Africa's largest economies.…

Across the vast expanse of Africa, the energy landscape presents a complex tapestry woven from the rich geological diversity found on the continent. In this intricate picture, coal has historically played a pivotal role, particularly within southern regions. As a fundamental resource, coal has powered industries and fueled electricity generation, serving as a cornerstone for numerous national economies. It's hard to envision the bustling cities, both small and large, and the energetic industries thriving, without the…

Across northern Nimba County, a profound shift is taking place as Liberians engage in a by-election to select a new senator for this vital region, which boasts the second-highest population in the country. The passing of the infamous Prince Johnson—known for his tumultuous past as a warlord and his influential role as a kingmaker in Liberia's political sphere—has left a significant void. His sudden demise has not only opened a seat but also ignited the aspirations of politicians eager to step into the spotlight. As the sun…

Understanding the Economic Ripple Effect of Diesel Prices in Africa The influence of diesel prices extends far beyond the surface; it reaches into the very fabric of our economies, shaping the dynamics of transportation and energy supply. From the trucks that deliver our groceries to the diesel generators powering small businesses and farms, diesel plays an essential role in daily operations across the continent. So, when diesel prices experience even a slight decrease, we may be surprised by…

Cahora Bassa Hydroelectric Plant Reports Record Profits in 2024 Mozambique's Cahora Bassa Hydroelectric Plant (HCB) has recently made headlines with its impressive achievement of reporting profits totaling 14.1 billion meticais, equivalent to approximately $219 million, for the year 2024. This remarkable financial performance not only highlights the plant's operational efficiency but also sets the stage for significant investments in the country's infrastructure and social programs. This development was…

In Accra, the vibrant capital of Ghana, heads of state from the Economic Community of West African States (ECOWAS) have convened for a pivotal meeting. This gathering comes in response to a significant development: three member nations have announced their intent to withdraw from the bloc in January. As the discussions unfold, the leaders aim to explore the complexities surrounding the countries' exit and its broader ramifications for ECOWAS agencies. ECOWAS, a cornerstone of regional cooperation, has consistently upheld…

In today's complex world, we are witnessing an alarming increase in refugee flows, particularly from regions marred by intense conflicts. The International Monetary Fund (IMF) highlights that these migratory waves often last significantly longer than those caused by natural disasters. This raises a critical question: how can we as a global community better respond to these ongoing crises? A striking observation from the IMF report sheds light on the relationship between natural disasters and migration patterns.…

Strengthening Sino-Kenyan Ties: President Ruto's State Visit to China The recent state visit to China by President William Ruto is an important milestone for Kenya, signifying deeper cooperation and a renewed commitment to enhancing diplomatic relations with one of its most significant partners. With an agenda focused on bolstering trade, investment, and infrastructure, the visit serves as a platform to finalize crucial agreements aimed at modernizing Kenya’s diplomatic infrastructure. During his five-day…