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Aliko Dangote and Fellow African Billionaires Make TIME’s Top 100 Philanthropists List
African Philanthropy: A New Dawn
In a world where the headlines often spotlight challenges such as poverty, underfunded healthcare systems, and inadequate educational resources, there's a compelling narrative unfolding in Africa—one that resonates with optimism and resilience. While these challenges remain persistent, we are witnessing a remarkable wave of billionaire-driven philanthropy that is beginning to make a significant impact across various sectors.
Figures like Aliko Dangote from Nigeria, Patrice…
Nigeria’s Fuel Dealers Face Gasoline Shortages Despite Major Refinery Investments
Nigerian fuel traders are navigating a challenging landscape filled with unmet expectations. Despite proclamations made six months ago that the state-owned Port Harcourt and Warri refineries were ready for operation, traders still find themselves struggling to secure gasoline from these facilities. It raises an important question: How long can a nation, rich in resources, rely on aging infrastructure?
This situation has led traders to maintain their dependence on imports and the privately-owned $20 billion Dangote…
Naira-Crude Exchange Eases Petrol Prices for Nigerians, Says Dangote
Impact of Dangote Petroleum Refinery’s New Agreement on Fuel Prices in Nigeria
The Dangote Petroleum Refinery, a beacon of hope in Nigeria’s energy landscape, has recently made headlines. In a significant move that resonates across the nation, the refinery has announced a naira-for-crude oil agreement with the Nigerian government, a strategy that has allowed it to decrease petrol prices. This initiative ultimately translates to lower costs for Nigerian consumers at fuel stations, easing the financial burden on many…
Arab Nations Criticize Deadly Suicide Attack at Somali Military Base
International Condemnation of Suicide Bombing in Somalia
In a tragic turn of events, a suicide bombing took place on Sunday near a military base in the bustling capital of Somalia, Mogadishu. This horrifying act was met with swift and strong condemnation from nations including Egypt, Qatar, and the United Arab Emirates (UAE). Such coordinated denouncements reflect a broader commitment across the region to combatting violence and upholding peace.
Egypt’s Foreign Ministry was among the first to respond, strongly denouncing…
Somalia Launches Ambitious Vaccination Drive for 3 Million Kids
Somalia Launches Ambitious Nationwide Vaccination Campaign
Photo: AP
In an inspiring stride towards safeguarding the future of its youngest citizens, Somalia has initiated a comprehensive vaccination campaign. On a Monday that will be remembered in the annals of public health, the nation set its sights on immunizing over 3 million children against preventable diseases, specifically measles, polio, and pneumonia. This monumental endeavor reflects not just a numerical target but a vital commitment to children's health…
CBN Maintains 27.5% Monetary Policy Rate During Economic Shifts
In a significant milestone, the Monetary Policy Committee (MPC) gathered for its 300th meeting last Tuesday, a momentous occasion celebrated by the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, during a press conference in Abuja. Meetings like these often hold the weight of economic forecasts, yet they also reflect the pulse of the nation—a blend of caution and opportunity.
Governor Cardoso emphasized that the committee reached a unanimous decision to maintain current policies. This choice speaks…
Qatar and Benin Pursue Direct Flights and Airline Partnership
His Highness Sheikh Tamim bin Hamad al-Thani, the Amir of Qatar, warmly welcomed the President of the Republic of Benin, Patrice Talon, to the Amiri Diwan in Doha. This meeting was not just a formality; it signified a desire to cultivate the bond between their nations—a bond that holds the potential for growth, understanding, and collaboration.
At the heart of their discussions was a focus on enhancing bilateral ties across a spectrum of vital sectors. This included key areas such as aviation, infrastructure, education,…
Tensions Rise as Al-Shabaab and Ma’awisley Militias Clash Near El Hareeri
Heavy Clashes Erupt Between Al-Shabaab Militants and Ma’awisley Fighters in Hiiraan
Beledweyne (AX) — In the early hours of Tuesday morning, intense fighting broke out in the Hiiraan region of Somalia. The scene of this violent confrontation was near the rural settlement of El Hareeri, where Al-Shabaab militants clashed with Ma’awisley fighters from the Hawaadle clan. This engagement represents a crucial chapter in a broader militia-led initiative aimed at dislodging the notorious insurgent group from…
African Nations Dependent on Indonesian Palm Oil Face Price Rises Due to Tax Increase
Indonesia’s recent announcement to raise its export tax on crude palm oil (CPO) from 7.5% to 10% is stirring ripples across global markets. While this change is significant for many countries worldwide, the ramifications are particularly acute for Africa, which heavily relies on palm oil imports from Southeast Asia.
For many African nations, the news of this new levy, set to take effect on May 17, 2025, poses a troubling scenario: heightened import costs. It’s a reality that can significantly affect local economies and…
Somali Elders Curb Extravagant Weddings to Lighten Youth’s Financial Strain
Nairobi (AX) — A significant shift is underway in Ethiopia’s Somali Region, where religious and community leaders are championing a movement aimed at redefining the marriage customs that have, over time, morphed into overwhelming financial burdens for families. This initiative, encapsulated in a binding decree, aims to alleviate the pressures surrounding wedding festivities while encouraging young couples to take the plunge into marriage.
This decree, spearheaded by Hamaro’s Islamic Affairs Council and supported by local…