Africas

In recent years, the relationship between former colonial powers and their erstwhile territories has taken on a complicated hue—particularly in the Sahel region of Africa. Once perceived as essential allies in the fight against terrorism, countries like Mali, Niger, and Burkina Faso are now navigating an era of increasing skepticism towards French influence, seeking to redefine their political landscapes and security partnerships. This shift signifies a challenge to decades of French military and political hegemony in the…

Wave5: Revolutionizing Affordable Connectivity in Nigeria In a world where internet connectivity is no longer a luxury but a necessity, Wave5 stands at the forefront of revolutionizing access to affordable and high-quality digital services in Nigeria. With its innovative AMPPS platform and a partnership with Globacom, Wave5 is in the process of raising $3 million to broaden its impact. In a recent conversation with Business Insider Africa, Co-CEO Ayọ̀wándé Adálémọ unveiled why Wave5 could very well be the solution to…

Shifting Tides in Cameroon: The Political Landscape Under Paul Biya The recent political upheaval in Cameroon emerges against a backdrop of heightened scrutiny and unease regarding President Paul Biya's enduring reign. With growing public discontent regarding his prolonged grip on power, health concerns, and increasingly uncertain succession plans, the stage is set for change. Questions loom large: How will these shifts impact the nation’s future? Will they catalyze the democratic change many Cameroonians yearn for?…

Ghana is taking proactive steps to bolster its economy—specifically, the nation is developing a strategic plan to hedge its gold exports. This initiative aims to protect the earnings that have significantly enhanced the foreign reserves of the Bank of Ghana, as articulated by Governor Johnson Asiama. In a world where uncertainty often reigns, it’s refreshing to see such forward-thinking measures. Speaking at an event in Accra, Governor Asiama highlighted the remarkable growth in gold production and favorable…

The landscape of South Africa’s automotive industry is experiencing a seismic shift. By 2025, vehicle exports to the United States have faced an alarming decline, especially notable in April and May of that year. These drops followed the imposition of steep import tariffs by former U.S. President Donald Trump, which have sent shockwaves through the sector. As reported by naamsa, the industry body representing South African automotive interests, this downturn poses a grave threat not only to jobs but also to…

Aliko Dangote, Africa’s wealthiest individual, is embarking on an ambitious project: the establishment of a significant seaport in proximity to his extensive fertilizer and oil refinery operations. This initiative is not merely about logistical convenience; it's a strategic move designed to enhance exports and bolster the ongoing expansion of his sprawling industrial empire. During a recent conversation in Lagos, Dangote unveiled that his team had submitted the necessary documentation in late June to kickstart…

In a stark illustration of economic disparity, four of Africa's wealthiest individuals possess a staggering $57.4 billion—an amount that surpasses the combined wealth of approximately 750 million people. This figure accounts for nearly half of the continent's total population. These eye-opening statistics stem from Oxfam's recent report, which explores the rapidly escalating issue of inequality in Africa. The report, Africa’s Inequality Crisis and the Rise of the Super-Rich, lays bare a troubling narrative of…

Starlink Controversy: A Political Landscape Unfolding Recently, during a budget vote debate in Parliament, Eff MP Sinawo Thambo voiced serious concerns regarding the South African government's intentions surrounding the ICT licensing framework. Thambo, representing the Economic Freedom Fighters, characterized the government's modifications as an undue effort to pave the way for Starlink's entry into South Africa. “There’s a security threat that it poses. It must never be allowed to operate in South Africa,” he asserted…

Botswana's Currency Strategy: Navigating Economic Challenges with Strategic Adjustments In a significant policy shift, Botswana has decided to allow its local currency, the pula, to depreciate by 2.76% over the next year. This move is undeniably more aggressive than earlier expectations, aiming to address the mounting economic pressures the country faces. As countries often grapple with currency fluctuations, this measure reflects a blend of strategy and necessity in the world of economics. The decision emerges during a…

Reflections on Nigeria's Refinery Saga: Insights from Aliko Dangote In a recent assessment of Nigeria's refining challenges, Aliko Dangote, the distinguished CEO of the Dangote Group, pointedly questioned the operational viability of the state-owned refineries located in Port Harcourt, Warri, and Kaduna. His remarks were not made in a vacuum; the context was a tour of his own oil refinery with members of the Global CEO Africa program from the Lagos Business School, where he highlighted the staggering sums already expended…