Business and Finance

The Unseen Struggles Behind Nigeria's Economic Reforms In a nation known for its vibrant culture, rich resources, and entrepreneurial spirit, a staggering 139 million Nigerians are entangled in the grip of poverty, according to the World Bank. This alarming figure continues to haunt the country, even as optimistic economic reforms signal a potential turning point. From bustling markets in Lagos to sprawling villages in Kano, the contrast between policy advancements and the lived experiences of ordinary citizens raises…

Lesotho court forces five displaced families to share compensation with host community — a ruling that raises bigger questions about justice for the uprooted In a decision that closed a six-year legal fight, a Lesotho court has upheld a controversial policy requiring five families uprooted by the construction of the Mohale Dam to share their lump-sum compensation with the broader community that now houses them. Justice Kopo ruled this week that the Lesotho Highlands Development Authority’s (LHDA) distinction between rural…

Chad's Constitutional Shift: A Step Toward Authoritarianism? In a move many are interpreting as a step away from democracy, lawmakers in Chad have swiftly approved a proposal enabling the president to serve indefinitely. The recent vote, which alters the country's constitution, extends the presidential term from five to seven years, with the possibility of unlimited renewals. Critics view this as a serious threat, echoing fears of increasing authoritarianism in a region already grappling with governance challenges. A…

Two killed as Morocco’s Gen Z protests expose a generational fault line When word spread on TikTok and Discord that young people across Morocco would converge on town squares and police stations to demand better schools, clinics and jobs, it felt like an experiment in 21st-century dissent — decentralized, fast and anonymous. What unfolded over a few days was far more combustible. In Lqliaa, near the port city of Safi, police opened fire on a crowd trying to “storm” a police station, killing two people, authorities say. The…

A Cautious Celebration: Nigeria's 65th Independence Anniversary Approaches As Nigeria gears up for its 65th independence anniversary on October 1, a palpable tension simmers beneath the surface of anticipation. The government, led by President Bola Tinubu, has publicly committed to commemorating this momentous occasion with "dignity and enthusiasm." Yet, the absence of the traditional parade—a cornerstone of the festivities—sends a clear signal that this year’s independence day will be anything but a typical celebration.…

As AGOA Faces Expiration, What Lies Ahead for U.S.-Africa Trade Relations? The African Growth and Opportunity Act (AGOA), a landmark piece of legislation designed to bolster trade between the United States and sub-Saharan African countries, is at a crossroads. Enacted in 2000 under President Bill Clinton, AGOA has been a beacon for economic development and trade for nearly 23 years. However, as its expiration looms, the ramifications are profound, extending beyond mere policy discussions into the realms of economic…

Tragedy Strikes Ethiopian Marathon Community with the Loss of Shewarge Alene The sun was just beginning to rise over Addis Ababa, casting a warm golden hue across the training fields, when the news spread like wildfire through the running community. Shewarge Alene, a celebrated Ethiopian marathon runner, tragically passed away after falling ill during a training session. She was only 30 years old. Alene had built a reputation as a formidable competitor, participating in 27 marathons since her debut in 2011. Her most recent…

As AGOA’s clock runs out, U.S. influence in Africa faces a test After a quarter-century as the marquee U.S. trade tool for sub-Saharan Africa, the African Growth and Opportunity Act (AGOA) is poised to expire on September 30 — and with Congress preoccupied and polarized, the chances of a last-minute renewal look slim. The prospect is more than a technical lapse: it is a moment that forces a choice about how Washington wants to engage with a continent where other powers are already deepening economic ties. What AGOA has…

The Dimensions of Power: Chad’s Constitutional Shifts and the Future of Democracy In an echo of a familiar refrain across many African nations, Chad’s National Assembly has recently voted with overwhelming support for constitutional amendments that extend the presidential term from five to seven years, with the possibility of renewals indefinitely. The decision is part of a broader narrative of governance in the Sahel, raising crucial questions about democracy, power, and the persistence of authoritarianism in regions…

Power Struggles: Nigeria's Energy Crisis Deepens Amid Grid Failures As dawn broke over Nigeria, the promise of a bright new day dissipated with the abrupt darkening of homes, businesses, and schools across the nation. This week, the fragile electricity grid experienced yet another unsettling partial collapse, affecting around 30 states and plunging millions into darkness. The incident, which unfolded between 11 am and 12 pm on an otherwise ordinary day, serves as a stark reminder of the persistent challenges that the…