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Eye on Africa
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Australian Firm Celebrates First Gold Pour at Burkina Faso Mine
In an exciting development, the Australian-listed company has announced a significant milestone that arrived ahead of schedule and under budget. This achievement marks a robust beginning for what is expected to evolve into one of the region’s key gold operations, a testament to the careful planning and execution of the project.
As reported by Miningmx, Richard Hyde, Executive Chairman of West African Resources, described the first golden pour from the Kiaka mine as “a major milestone” in their bold ambition to…
President Yoweri Museveni Reveals Plans for a Seventh Term Victory
President Museveni's Vision for Uganda: From Recovery to a Knowledge Economy
In a recent address, President Yoweri Museveni articulated his ambitious economic vision for Uganda, describing a roadmap that has traversed five significant stages under his leadership. Reflecting on the nation's journey from turmoil to stability, he emphasized the importance of not just recovery but meaningful advancement. How can Uganda transform recovery into sustainable growth? This question lies at the heart of his message.…
How Sierra Leone’s Young People Became Ensnared by the Dangerous “Kush” Substance
The emergence of kush, a synthetic concoction derived primarily from marshmallow leaves, marks a troubling chapter in West Africa's battle against substance abuse. First surfacing in Sierra Leone during the early 2020s, this alarming trend quickly gained traction, infiltrating neighboring nations such as Liberia, Guinea, The Gambia, Guinea-Bissau, and Senegal. What drives this rapid proliferation? Is it the ease of production or the allure of a cheap high that beckons many into its addictive embrace?
Initially, kush might…
North Western State of Somalia Leader Engages with Qatari PM on Economic Alliances and Regional Collaboration
The Path to Collaboration: North Western State of Somalia and Qatar Explore New Horizons
Hargeisa (AX) — In an intriguing turn of events, the President of North Western State of Somalia, Abdirahman Mohamed Abdillahi Irro, recently engaged in a pivotal meeting with the Prime Minister of Qatar, Sheikh Mohammed bin Abdulrahman Al-Thani, in the vibrant city of Doha. This encounter, an exciting milestone for both nations, was centered around the expansion of bilateral cooperation in various sectors, including trade, energy,…
Ghana Placed 12th in Africa for Skyrocketing Living Expenses Despite Inflation Decline
Recent statistics from Numbeo have revealed that Ghana stands at 12th among 23 African nations grappling with a high cost of living. This data prompts us to explore not just the numbers, but the real implications these figures hold for the everyday lives of Ghanaians.
The Cost of Living Index in Ghana is reported at 30.6, broken down further into specific categories: rent is measured at 12.1, while essential groceries are sitting at 33.3.
Interestingly, despite the high cost of living, Ghana has recorded five…
Nigeria’s Potential Attracts Interest, But One Factor Worries Investors – Landmark CEO Onwuanibe
Evaluating the Impact of the Coastal Road Project on Landmark Beach and the Insights of Paul Onwuanibe
In January 2025, a significant event unfolded along Nigeria's southern coastline—the demolition of Landmark Beach. This decision was part of a grander scheme orchestrated by the government, aimed at constructing a 700-kilometer coastal road that will eventually link the bustling city of Lagos with the serene state of Calabar. But what does this mean for the local economy, for tourism, and for the very…
Peter Obi Promises Another Bid for Nigeria’s Presidential Seat
In the dynamic landscape of Nigerian politics, the Labour Party's 2023 presidential candidate, Peter Obi, has declared his unwavering commitment to his supporters. He recently proclaimed his intention to contest against President Bola Tinubu once more in the upcoming 2027 election.
Such announcements stir a mixture of hope and skepticism among the populace. Could Obi’s steadfastness transform Nigeria’s political narrative? While some might regard his promise as mere rhetoric, others see a glimmer of possibility in his…
Rwanda and Congo Forge Peace Accord in the US to Foster Stability and Investment
Rwanda and Democratic Republic of Congo Sign Landmark Peace Agreement
On a momentous Friday, Rwanda and the Democratic Republic of Congo (DRC) ushered in a new chapter in their tumultuous relationship by signing a U.S.-brokered peace agreement. This development raises a collective hope that the rampant violence, which has claimed thousands of lives and displaced countless individuals throughout the year, may finally be quelled. As tensions have persisted for decades, can this agreement truly herald an era of peace?
The…
Russia Pledges Backing for South Africa’s G20 Leadership Amidst Rising Global Strains
In a moment that underscores the intricate web of global politics, Russia has reiterated its strong support for South Africa’s presidency of the G20. This backing highlights Pretoria’s role as a crucial player in steering the focus of the Group of Twenty towards the needs and aspirations of the Global South. With a world increasingly defined by its geopolitical divides, this cooperation signals a shift that many observers have deemed necessary. But can the G20 truly evolve to more inclusively represent developing nations?…
Payaza Settles ₦14.9bn Debt, Showcasing Maturity in African Finance
The paper, issued in December 2024 with a face value of ₦14,971,880,511.74, serves as a significant step in Payaza's strategic funding approach, aimed at facilitating the company's rapid expansion throughout the African continent. What truly sets Payaza apart isn’t merely its ability to manage the repayment; it’s the manner in which this was achieved—entirely through operating cash flows, without resorting to refinancing or rollovers. This remarkable accomplishment not only underscores the resilience of the organization but…