Business and Finance

In The Gambia, the livelihoods of countless fishermen have plummeted into a crisis that deepens daily. The declining fish stocks have painted a bleak picture, exacerbated by soaring fuel prices and the relentless presence of foreign trawlers stripping the waters of vital marine life. Fish such as sardines and bonga, once abundant and processed in local factories, have seen their fate redirected to European and Chinese markets, primarily for aquaculture feeding. This shift threatens not only local economies but also the…

In a significant move poised to reshape Nigeria's financial landscape, Bola Tinubu has recently ratified four pivotal pieces of legislation aimed at overhauling the country’s tax framework. These reforms are not mere bureaucratic adjustments; they are fundamental shifts intended to streamline revenue collection processes, alleviate the tax burden on select individuals and enterprises, and ultimately boost fiscal resources for government initiatives. The quartet of bills, comprising the Nigeria Tax Bill, the Nigerian Tax…

Yesterday, Windhoek was abuzz with excitement as the second edition of the Global African Hydrogen Summit was officially announced. Scheduled for 9 to 11 September 2025, this international gathering will unfold under the ambitious theme: “Ambition in Action: Fuelling Africa's Green Industrial Revolution.” This summit not only aims to showcase innovative energy solutions but also seeks to reposition Africa at the forefront of the global energy transition. But why hydrogen? Amidst the escalating concerns over climate change…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…

After a decade of deliberation, Zimbabwe has finally enacted the long-discussed Mines and Minerals Bill. This pivotal legislation endeavors to address the myriad mining-related challenges that have plagued the nation for years, rekindling hope for transformative solutions. Originally drafted in 2015, the Bill reflects significant revisions to outdated colonial-era statutes that have governed the sector since 1961. The previous laws were rife with ambiguities, allowing some mining enterprises to exploit loopholes at the…

In a significant step towards enhancing regional energy infrastructure, HYDRO-LINK, a specialized company based in the United States, has embarked on an ambitious project to construct a 1,150-kilometer (720 miles) electricity transmission line linking Angola and the Democratic Republic of the Congo (DRC). This $1.5 billion endeavor is anchored by a recent memorandum of understanding with the Angolan government. The DRC, endowed with a wealth of minerals, faces an acute challenge: an erratic power supply that stifles its…

Human Rights Watch has issued a compelling call to action, urging the Guinean government to conduct an investigation into the disturbing abduction and torture of Mohamed Traoré, a distinguished lawyer and former president of the national bar association. Over the weekend, armed intruders stormed his residence, seizing Traoré and his daughter in a harrowing display of force. Known for his outspoken criticism of Guinea's military junta, which seized control in September 2021, Traoré's situation highlights the escalating…

The High Court in London has delivered a significant ruling, establishing that Shell plc and its former Nigerian subsidiary must be held accountable for long-standing oil pollution in the Niger Delta. This decision signals not only a potential shift in legal precedents but also raises critical questions about corporate responsibility in environmental matters. In this instance, the Bille and Ogale communities in Rivers State have brought forth serious allegations. They assert that the infrastructure owned by Shell has led to…

Business leaders and influential figures from across Africa have converged in Luanda, Angola, for the much-anticipated 17th U.S.-Africa Business Summit. This significant event is organized by the Corporate Council on Africa and proudly hosted by the Angolan government. Participants range from heads of state representing nations such as Algeria, Botswana, and Ethiopia to policymakers and industry leaders eager to explore new opportunities and forge stronger economic collaborations. Imagine the bustling atmosphere of the…

The United Kingdom has renewed its commitment to the Developing Countries Trading Scheme (DCTS)—an initiative that aims to strengthen trade relationships with developing nations. This program, introduced in 2023, opens doors for Nigeria and 36 other African countries, allowing them to export over three thousand products with either no duties or significantly reduced tariffs. "Nigeria plays a pivotal role in the UK's aspirations for global trade," remarked British High Commissioner to Nigeria, Richard Montgomery. He…