Africas

Lagos, a city pulsating with energy and ambition, has marked a monumental milestone, now ranking as Africa's second-largest economy, trailing only behind the bustling metropolis of Cairo, Egypt. Just pause for a moment to ponder this achievement. It isn't just a tale of numbers but a testimony to the relentless spirit that courses through the veins of Lagos. Reflecting on the first half of 2024, Lagos’s economy unveiled its remarkable resilience, with a staggering growth to ₦27.38 trillion, soaring from ₦19.65…

There's a significant buzz in the world of global trade, and it seems to have taken root in the fertile grounds of Africa. Not long ago, experts projected a notable surge in Russian agricultural exports to the continent, with an estimation surpassing $7 billion by 2024. If you think that sounds impressive, the anticipated growth, a jump of 19% from 2023, reveals not only the ambitious spirit of Russian trade but also the burgeoning partnership between these distant lands. When it comes to the…

It is often said, "Youth is wasted on the young," but is that truly the case when it comes to wealth acquisition on the African continent? Paradoxically, despite Africa's vibrant young population, the upper echelons of wealth often belong to individuals well into their later years. Indeed, among Africa's billionaires, only a single individual falls below the age of 50. This discrepancy raises intriguing questions about the paths to wealth for the younger demographic in Africa. Perhaps the challenge lies in traditional…

Ethiopia is making significant strides in space technology with plans to launch its third Earth observation satellite by 2026. This ambitious project aims to bolster the nation's ability to monitor environmental changes, enhance agricultural planning, and assist with disaster management. But why is venturing into space so crucial for Ethiopia and its African counterparts? Empowering countries through satellite technology bridges critical gaps, providing invaluable data that fosters development and…

Johannesburg: A City of Splendor and Complexity In the heart of South Africa lies Johannesburg, a vibrant metropolis often affectionately dubbed "Joburg." It's a city where the allure of fortune is palpable—boasting an impressive tally of 12,300 millionaires, alongside 25 centi-millionaires, whose net worth exceeds $100 million, and 2 illustrious billionaires. With a population nearing 5 million, Johannesburg confidently claims the crown as Africa's wealthiest city. It outshines its closest competitors,…

The bustling landscapes of Africa are witnessing a remarkable evolution. As mega shopping malls emerge, they are significantly redefining urban landscapes. These architectural marvels stand not just as buildings but as symbols of economic dynamism and lifestyle enhancement. From the southern tip of South Africa to the ever-vibrant streets of Nigeria, the vibrant marketplaces of Kenya, and the cultural hubs of Ghana, these retail powerhouses are not simply places for shopping. They are engines of economic…

Africa, a continent blessed with abundant natural resources, faces a paradoxical struggle: meeting the electricity demands of its rapidly growing population. It makes one ponder, why does a continent with such wealth of resources still grapple with energy shortages? From the roaring waterfalls of Ethiopia harnessed for hydropower, to the vast natural gas fields of Nigeria, and the coal mines of South Africa, Africa’s energy landscape is as diverse as it is rich. Yet, this diversity comes…

Isn't stress a peculiar creature? It knows no borders yet feels so different depending on where you bring up the subject. Ever wondered why stress affects people differently across the globe? Perhaps it's the myriad circumstances that shape our daily lives, but stress manifests uniquely in each corner of the world. Let's embark on an insightful journey, examining how stress varies profoundly between nations by delving into the detailed insights offered by the CEOWORLD magazine’s Global Emotions Report 2025. What could…

The announcement that Nigeria has become a member of the European Bank for Reconstruction and Development (EBRD) marks a pivotal moment in its economic journey. This welcome news was shared by Nigeria's Finance Minister and Economic Coordinator, Wale Edun, as he accepted the country's membership certificate from the EBRD delegation led by Heike Harmgart in Abuja. Entering this new chapter, one can't help but wonder how this might reshape Nigeria's economic landscape — can this membership stir the growth needed to…

A Journey Through Africa's Economic Prosperity: Unveiling Key Exports and Future Potential Each nation, in its own unique way, weaves its resources into the fabric of the global economy. But have you ever paused to think about what makes a country's wealth tick? What products propel them forward in the complex dance of international trade? Africa, endowed with a wealth of natural treasures, stands proudly on the world stage as a significant player in global commerce. However, beyond its…