Business and Finance

In a dramatic turn of events, rescuers have successfully brought to light over 100 illegal miners who have been ensnared underground for several months at the Stilfontein mine, just outside Johannesburg. The operation, however, was not without its somber moments; it also resulted in the recovery of numerous bodies, a grim reminder of the perilous life many lead in search of precious metals. These miners, colloquially referred to as "zama zamas," embody a harrowing reality for countless individuals in South Africa. They have…

Rwanda has proudly inaugurated Africa's pioneering laboratory dedicated to assessing the quality and safety of motorcycle helmets. This innovative facility is capable of testing between 30 to 40 helmets each day. Its primary objective is to ensure that both locally produced and imported helmets comply with the safety regulations set forth by the Rwanda Standards Board. "By establishing this lab, we are taking crucial strides towards lowering head injuries and fostering economic advancement," explains a representative from…

The Senate of Liberia has agreed to the draft budget for 2025 put forth by a faction within the House of Representatives, identifying themselves as the "majority Bloc." However, this move hasn't come without its share of controversy. Analysts, including the beleaguered Speaker Fonati Koffa and a former Supreme Court justice, have raised eyebrows about the legitimacy of this financial document. They point to ongoing tensions between the Speaker's supporters and those seeking to remove him from office. This hefty budget,…

Recently, the Rwandan government made headlines by teaming up with U.S. comedian Steve Harvey's company, BILT LLC, in a pact designed to enhance both tourism and investment in the nation. This exciting agreement was formalized in the capital, Kigali, with Rwanda Development Board (RDB) CEO Francis Gatare signing alongside Steve Harvey himself. The focus of this partnership is far-reaching—it aims to develop skills in critical areas like film, media, and education. Moreover, it seeks to promote health and wellness…

It’s painfully clear that this Christmas is shaping up to be one of the darkest for countless Nigerians. This isn’t due to a lack of enthusiasm or spirit; far from it! The issue at hand is a stark economic reality that makes the notion of celebration seem almost impossible. Ikechukwu Amaechi articulates this sentiment in The Vanguard, stating that the prevailing conditions are dampening the joys of the season. He highlights that this year's festivities feel more like a distant dream. Families are grappling with financial…

Nigeria is making strides toward revitalizing its Warri oil refinery, which has been dormant for nearly a decade due to a series of technical problems. The Warri Refinery, boasting an impressive capacity of 125,000 barrels per day, had faced prolonged closures as a result of aging infrastructure and a lack of crude oil supply. However, recent reports indicate that operations have recommenced, and the facility is currently functioning at about 60% of its capacity, as shared by Bayo Onanuga, spokesperson for the presidency.…

In a bold move, Eskom has put forth a proposal to raise electricity tariffs by a staggering 36%, set to launch in April 2025. This ambitious plan, pending approval from the National Energy Regulator of South Africa (Nersa), includes further hikes: an 11.81% increase for the 2026/27 fiscal year, followed by another 9.10% jump in 2027/28. These proposed increases threaten to significantly tighten the grip on household budgets and overall living expenses. Reactions have been swift and severe. The Democratic Alliance (DA),…

In a groundbreaking move, South Africa has stepped into the G20 presidency, marking a historic milestone as the first African nation to take the helm of this influential assembly of countries. The upcoming term is set to officially kick off on December 1, 2024, and will extend for a full calendar year. President Cyril Ramaphosa expressed his profound gratitude upon receiving the presidency from Brazil during the G20 summit held in the vibrant city of Rio de Janeiro. “I stand here humbled and honored to accept the G20…

Ghana is grappling with the severe repercussions of illegal mining, commonly referred to as Galamsey. This rampant activity, primarily conducted by small-scale miners, is taking place across countless sites, igniting widespread protests and prompting the military to take action against it. As a key player in the global gold and cocoa markets, Ghana is feeling the pinch, as land degradation from these mining operations is significantly affecting agricultural productivity. Despite the apparent environmental hazards and…

António Guterres, the Secretary-General of the United Nations, has called on G20 leaders to tackle the pressing crisis of global hunger, a plight afflicting one out of every eleven individuals around the globe last year. This plea comes amid alarm over rising food insecurity, worsened by a medley of conflicts, climate change, and economic inequalities. South Africa's President Cyril Ramaphosa has also chimed in, pushing global leaders to ramp up efforts to eradicate poverty and hunger. "Achieving gender equality is vital.…