Business and Finance

Insurgency in Cabo Degaldo: A Struggle for Survival In the heart of Cabo Degaldo province, Mozambique, a chilling echo of violence reverberated through the quiet of a Sunday night. Insurgents armed with lethal intent knocked on doors, summoning their victims one by one, leaving a trail of fear and despair. Among the fallen were police officers, once protectors now turned targets, underscoring the alarming evolution of this violent insurgency, which has claimed over 6,000 lives since its onset in 2017. The Human Toll of…

Rwanda's Rise as a Global Drone Hub: A New Horizon for Innovation In the heart of Africa, Rwanda has emerged as an unexpected leader in the burgeoning field of drone technology, positioning itself not only as a pioneer on the continent but also as a beacon for innovation. As international firms flock to this East African nation, it is reshaping its identity and ambition, blending tradition with the cutting-edge potential of modern aviation. A Historic Moment in Aviation On September 4, during the prestigious 2025 Aviation…

Rising Tensions: The Battle Over the Nile In the heart of East Africa, the waves of a centuries-old conflict ripple through the waters of the Nile, igniting fears of instability and regional tension. The Grand Ethiopian Renaissance Dam (GERD), touted as a beacon of progress for Ethiopia, has become a battleground for Egypt and Sudan, who insist on keeping discussions limited to the three nations directly flanking this vital resource. Their recent assertions highlight the deep-seated anxieties surrounding the dam's operation…

The Hemorrhage: Africa's Battle Against Illicit Financial Flows As the sun rises over the sprawling cities of Africa, it casts a light on an urgent issue plaguing the continent: illicit financial flows. While Africa is rich in resources and potential, it is estimated to lose a staggering U.S.$88 billion each year due to tax evasion, money laundering, and corruption. This figure, a steep jump from U.S.$50 billion just eight years ago, paints a bleak picture of a continent struggling against forces that siphon away its…

The Tragedy on the Waters: Nigeria’s Ongoing Struggle with Boat Safety The serene waters of Nigeria’s rivers tell stories of life, commerce, and community. Yet, they also harbor shadows of tragedy, as demonstrated by the recent sinking of a passenger boat in Niger State. This harrowing incident, which occurred while carrying an estimated 90 people, has left the nation grappling with yet another stark reminder of the dangers faced by those who traverse its waterways. On an overcast morning, as the boat set sail from Tungan…

Botswana’s Diamond Dilemma: The Social and Economic Fallout of a Resource-Dependent Economy As Botswana grapples with an unprecedented fiscal crisis, the shimmering allure of diamonds—the cornerstone of the nation’s wealth—has turned into a stark reminder of vulnerability. This dilemma illuminates a larger narrative: the challenges faced by resource-dependent economies in an ever-evolving global market. The Glitter Fade: A Market at a Crossroads Once celebrated as Africa's beacon of prosperity, Botswana now finds itself…

Ghana's Cost-Cutting Measures Ahead of the UN General Assembly As the world prepares to gather for the 80th United Nations General Assembly (UNGA) in New York City, Ghana's government is taking a distinctly cautious approach, urging its officials to temper their travel plans. In a recent directive from Julius Debra, the Chief of Staff to President John Mahama, stringent guidelines have been put forth regarding attendance at the event, a move framed as part of the nation's broader cost-cutting strategy dubbed "Resetting…

The Evolving Landscape of Trader Trust in South Africa In a rapidly evolving financial environment, trust and transparency have emerged as fundamental pillars driving trader preferences in South Africa. Recent findings from Kantar's Global Brand Health Tracking study reveal critical insights into what today’s traders prioritize when selecting a broker. These insights not only reflect local sentiments but also resonate with larger global trends in the finance sector. Trust: The Cornerstone of Trading Relationships Trust…

Zimbabwe’s Currency Conundrum: A Tale of Change and Skepticism In a bold yet controversial move, the Reserve Bank of Zimbabwe (RBZ) has announced plans to unveil newly designed ZWG notes, aiming to phase out the previous versions deemed “defiled” by the public. As Zimbabwe grapples with tumultuous economic challenges, the currency change raises questions about the nation’s financial future, consumer trust, and the potential for recovery. Facing Devaluation and Distrust The journey of the ZWG notes has not been smooth.…

The Gold Coin Dilemma: Zimbabwe’s Currency Crisis Continues to Unfold In a bid to stabilize its struggling economy, the Reserve Bank of Zimbabwe made a bold announcement in April 2023: gold coins were to be reintroduced into the market. This move was intended as a countermeasure to the increasingly erratic global gold prices that were wreaking havoc on local currency values. Yet, as the months unfolded, the temporarily revived enthusiasm for these coins proved to be a fleeting beacon of hope against long-standing financial…