African

The Significance of Foreign Exchange and Gold Reserves in Africa In today's interconnected world, the economic decisions of one country can have far-reaching consequences for another. For many African nations, maintaining high foreign exchange and gold reserves has become essential not just for economic stability but also for enhancing geopolitical influence and resilience. These reserves serve as a crucial safety net against the unpredictable tides of the global economy, which can often leave developing nations…

High traffic congestion—marked by prolonged commute times and widespread frustration over lost hours—greatly impacts a nation's economy, environment, and overall quality of life. Every day in major cities, like Lagos, Nairobi, and Cairo, countless commuters often face journeys that stretch beyond two hours. Can you imagine spending a significant portion of your day simply navigating from home to work? The ramifications of such lengthy commutes are profound. Many employees find themselves fatigue-laden upon…

The tourism sector in Africa is exhibiting remarkable recovery and potential, with a staggering 66.3 million international tourists anticipated to visit the continent in 2024. This influx is projected to generate a substantial $38 billion in total receipts, as highlighted by the United Nations World Tourism Organization (UNWTO). This isn't merely a statistical triumph; it represents an uplifting narrative of revived interest in the continent's vibrant cultures, stunning landscapes, and unique experiences. The…

The saga between Elon Musk and former President Donald Trump has taken an unexpected turn, igniting discussions about political affiliations and the very nature of American governance. This tumultuous relationship was once characterized by mutual support, but recent developments have turned it into a widely scrutinized public feud. The rift became glaringly obvious back in May when Trump unveiled the so-called "Big, Beautiful Bill," a sweeping tax-and-spending proposal. Musk, known for his forthrightness, publicly…

President Cyril Ramaphosa has affirmed that the Government of National Unity's National Dialogue will indeed move forward, despite the Democratic Alliance's (DA) recent withdrawal. In his remarks, he criticized this decision, labeling it a sign of a "poverty of good principles." Zukile Majova, writing for Scrolla in his column "Real Politics," characterized the DA's exit as a significant misstep. He argued that this choice showcases a disconnect from the everyday South African populace, especially among Black voters. Majova…

In the midst of a turbulent political climate, President Cyril Ramaphosa has labeled the recent allegations against Police Minister Senzo Mchunu as a "grave national security concern." This statement came in light of serious accusations made by Nhlanhla Mkhwanazi, a leading police official, who has stirred the waters by alleging that there has been interference in investigations into political assassinations. These revelations emerged while Ramaphosa was attending the BRICS summit, a critical platform for international…

African Currency and Trade Dynamics: A Comprehensive Overview In May 2025, nearly half of the currencies across the African continent experienced depreciation. This trend highlights persistent foreign exchange pressures, underscored by a range of ongoing reforms and stable economic growth. Insights gleaned from the African Export-Import Bank’s Monthly Developments in the African Macroeconomic Environment report, published in June 2025, illuminate this complex landscape. The bank's…

African Union Extends Burundi Troop Presence in Somalia by Six Months By Edited By Ali MusaAxadle Times International–Monitoring MOGADISHU, July 5 – In an unexpected turn of events, the African Union has decided to extend the deployment of Burundian troops in Somalia for an additional six months. Originally, plans were laid out for a complete troop withdrawal by June 30, 2025, marking the transition from the African Union Transition Mission in Somalia (ATMIS) to the newly formed African Union…

Mogadishu (AX) — Strengthening International Support for AUSSOM The Somali government has once again placed a heartfelt call for robust international support to enhance the African Union Transition Mission in Somalia (AUSSOM). This appeal isn’t just about finance; it’s about fostering a sense of global responsibility toward stabilizing a nation that has faced significant challenges for decades. Sustained financial aid, along with long-term funding solutions, are not mere line items on a budget; they are…

London Mayor Sadiq Khan Embarks on Groundbreaking Trade Mission to Africa In a decision that notably underscores the evolving geopolitical landscape, London Mayor Sadiq Khan is preparing for a significant visit to four pivotal African cities: Lagos, Accra, Johannesburg, and Cape Town. This trip, part of a broader UK-Africa engagement initiative, aims to enhance trade, foster investment, and cultivate cultural cooperation between the United Kingdom and the African continent. Such a tour is not merely…