African

The Importance of Dollar Savings for Africans In today’s interconnected world, saving in dollars can be a game-changer, especially for Africans. Why does this matter? The U.S. dollar, seen as a global reserve currency, offers stability and broad acceptance. For many across the continent, accumulating savings in dollars can help them hedge against local economic fluctuations and inflation. Think about it: have you ever felt the pinch of rapid inflation eating away at your savings? You're not alone. Many have…

Understanding the Complex Crises of Famine and Conflict The intricate relationship between armed conflict and food shortages poses a pressing challenge to global stability. The most recent report from the United Nations, labeled as the Hunger Hotspots for June to October 2025, shines a light on this grim situation. It raises flags and draws our attention to the escalating threats faced by millions. As the ancients wisely observed, "Peace is not merely the absence of war, but the presence of justice." It begs the…

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…

Strategic Military Growth: A Call to African Governments Recent events serve as a compelling reminder for African governments: the time for strategic preparation has never been more urgent. As various challenges loom on the horizon—ranging from terrorism to political instability—these nations must not only adapt but also anticipate the landscape of tomorrow. A robust military presence is no longer simply an option; it has become a necessity. In this context, the enhancement of military capability within African…

Afreximbank: A Catalyst for Change in Africa’s Energy Sector In a noteworthy development, Prof. Benedict Oramah, President and Chairman of the Board at Afreximbank, recently shared significant strides the organization has made during the closing session of its 32nd Annual Meetings. His insights offered a profound glimpse into how targeted financial interventions can reshape an entire continent's energy landscape. Oramah introduced the concept of what he refers to as “African Best…

When we look at the oil sector, one crucial indicator captures the pulse of the industry: the rig count. At a glance, a high rig count generally signifies a flourishing oil economy. This number reflects the vibrancy of exploration and production (E&P) activities, which in turn attract significant investments, create job opportunities, and ultimately enhance revenue streams. In a way, it’s like a heartbeat—the stronger it is, the healthier the industry appears. In numerous African nations, where oil and gas…

Each year, TIME's renowned annual list shines a spotlight on 100 companies worldwide that are making remarkable strides in their respective fields. Now in its fifth year, this esteemed recognition celebrates businesses innovating, disrupting, and transforming industries. It's an opportunity to reflect on the stories behind these brands and to consider the future paths they may lead us down. Moniepoint Inc Among the standout companies this year is Moniepoint Inc from…

Each year, TIME magazine curates a prestigious list that shines a spotlight on 100 companies from diverse industries around the globe, acknowledging those that are making extraordinarily impactful contributions to their fields. Now in its fifth iteration, this list celebrates not just innovation, but the spirit of resilience and adaptability that defines contemporary business. Moniepoint Inc Among this year’s honorees is Nigeria's own Moniepoint Inc., which earned its place in the Leaders category alongside…

It’s hard not to feel a heightened sense of tension in the world today—an undercurrent of uncertainty that seems to permeate our daily lives. If you've observed this sensation, you’re not alone. The latest findings from the 2025 Global Peace Index (GPI) corroborate these feelings, revealing a sobering truth: global peacefulness has declined for the sixth consecutive year. Alarmingly, this marks the 13th time in 17 years that we have witnessed such a backtrack. Yet, amidst this general decline, a curious silver…

In a devastating incident during high school exams in Bangui, the capital of the Central African Republic, twenty-nine students lost their lives due to a catastrophic stampede. The chaos erupted following an explosion at an electricity transformer, which sparked panic among approximately 6,000 candidates. This tragic event unfolded on the second day of finals, turning a moment of aspiration into a scene of anguish. The transformer, which had only recently undergone repairs, was situated on the ground floor of the…