Business and Finance

In the bustling heart of Harare, a disconcerting trend is unfolding before our very eyes. Zimbabwean retailers are trimming their sails, downsizing their operations in response to relentless economic shocks—a clear sign that all is not well in this Southern African nation. As reported by NewZimbabwe.com, the retail landscape is morphing into a ghost town. Stores once vibrant and bustling with life now stand as mere husks of their former selves. Take, for instance, the OK Zimbabwe outlets in Marimba, Hillside, Kuwadzana 2…

The Youth Rights Campaign (YRC), a passionate advocate for human rights, has taken a bold stand, urging President Bola Tinubu to immediately halt the legal proceedings against a group of 11 activists linked to the #EndBadGovernance movement. Among them is Michael Lenin, who finds himself facing grave charges of treason and mutiny—serious allegations that could change lives forever. In a powerful statement, the YRC emphasized that this trial seems more like a heavy-handed maneuver to stifle dissent and quash opposition,…

In a remarkable leap for our understanding of the cosmos, South Africa's MeerKAT telescope has unveiled a colossal new radio galaxy that has been charmingly dubbed Inkathazo, a name steeped in cultural significance, meaning 'trouble' in both Xhosa and Zulu. This intriguing moniker isn't just catchy; it aptly encapsulates the perplexities surrounding the physics behind this discovery—after all, when the universe throws you a curveball, it’s bound to leave you scratching your head in wonder. So, what exactly is this cosmic…

A new era is dawning in the realm of U.S.-Africa relations, and one can almost hear the gears of change grinding into motion. Yet, before we pop the confetti, it's important to note that the current administration’s policies are still taking shape, and this process won’t yield fruit overnight. Still, the impact of several Executive Orders that Donald Trump signed in the nascent days of his presidency might just reverberate across the African continent like a thunderclap in a hot, muggy summer. During his Senate confirmation…

In a move that has sent ripples of optimism through the financial markets, Gabon's transitional government declared that presidential elections are set to take place on April 12, 2025. This announcement marks a significant step towards restoring civilian governance in a country that has seen its fair share of turmoil. Just picture it: a nation where military tanks once rolled through the streets under the leadership of General Brice Oligui Nguem, who led a coup against former president Ali Bongo in 2023, following a…

In a bold and transformative step, the Kenyan government has declared the elimination of Electronic Travel Authorisation (eTA) and visa requisites for travelers from across the African continent. Well, almost everyone—from the sands of Senegal to the shores of South Africa—can rejoice, except for those residing in Somalia and Libya, a decision influenced by persistent security concerns that linger like an unwelcome guest. This ambitious initiative aims to bolster regional integration and fuel tourism, promoting the idea that…

In a shocking development that has gripped the nation, police are on the hunt for a man dubbed the "kingpin" of illegal mining operations, who mysteriously vanished from custody following a harrowing ordeal that saw the recovery of 78 bodies from a clandestine mine. The unfolding drama presents a grim portrait of an underground world where danger is a daily companion and human life is often worth less than a sack of minerals. Meet James Neo Tshoaeli, a Lesotho national better known by his nickname "Tiger." This is not the…

In a tragic turn of events, at least 86 lives have been claimed and countless others injured following the catastrophic explosion of a fuel tanker in Niger State, nestled in northern Nigeria. The heartbreaking reality is that most of the victims were local residents, drawn to the scene like moths to a flame, desperate to collect the spilled petrol. It’s a stark and grim reminder of the struggles faced by impoverished communities where the lure of potential profit outweighs the looming dangers, as authorities have reported.…

The Namibia Investment Promotion and Development Board (NIPDB) is truly hitting its stride in 2024, and the buzz surrounding its accomplishments is palpable. Gone are the days when the board merely responded to international invites like a teenager waiting for a friend’s call for a night out. Instead, it has revamped its strategy, diving headfirst into a proactive and purposeful method of consolidating both foreign and domestic investments within the pristine landscapes of Namibia. Talk about making a statement! With a keen…

As the curtain drew on the last quarter of the year, the Corporate Council on Africa (CCA) found itself in the spotlight—quite literally. The organization capped off its busy season with an extraordinary invitation from the White House, asking CCA to join President Biden's official delegation to Angola, his final international sojourn as President. Florie Liser, the President and CEO of CCA, couldn't hide her enthusiasm as she shared this momentous update with members. "I was thrilled to see both Presidents dive into…