business

Widespread Power Outage: Electricity Grid Faces Third Collapse in a Month The electricity grid has recorded its third collapse in a month, raising significant concerns about the reliability of power infrastructure in the region. The latest failure, which occurred on Wednesday evening, affected millions of residents, leaving businesses shuttered and homes in darkness. This repeated instability points to deeper issues within the electrical system that demand urgent attention from authorities. Approximately 6 million people…

Rwanda Files Legal Action Against the UK Over Abandoned Asylum Deal The ongoing saga of the now-defunct migrant deal between Rwanda and the United Kingdom has escalated, as the Rwandan government has launched a legal case at the Permanent Court of Arbitration in The Hague. The action stems from claims that the UK has failed to fulfill financial commitments under the controversial agreement, which was originally designed to relocate asylum seekers to Rwanda. Under the terms of the deal signed by the former Conservative…

The Netherlands has sentenced an Eritrean national, Amanuel Walid, to 20 years in prison after finding him guilty of leading a transnational migrant-smuggling network that operated through Libya, Dutch prosecutors said Friday. Walid was convicted on a string of charges that included human smuggling, extortion, violence and money laundering. Prosecutors said members of the network detained migrants in Libya, subjected many to severe abuse in detention camps, and forced relatives in the Netherlands to pay ransoms — a pattern…

Khaby Lame Signs Groundbreaking $975 Million Deal in Creator Economy The world's most-followed TikToker, Senegalese-born Khaby Lame, has finalized an impressive all-stock deal valued between $900 million and $975 million. This significant agreement marks one of the largest monetization transactions within the rapidly evolving creator economy. The deal involves the partial sale of Lame's operating company, Step Distinctive Limited, where he held a 49% stake. Under the agreement, the buyer, Rich Sparkle, secures exclusive…

South Africa announced Monday that it will temporarily withdraw from G-20 engagements while the United States holds the presidency, a move that South African officials called a pause rather than a permanent exit and that analysts say could dent Africa’s voice in the world’s most powerful economic forum. The withdrawal follows a sharp deterioration in ties after U.S. President Donald Trump declined to attend the 2025 G-20 summit in South Africa and publicly accused Pretoria of pursuing policies hostile to American interests.…

President Joseph Boakai Delivers Crucial Annual Address Amidst Economic Struggles Liberians, both at home and abroad, were on high alert as President Joseph Boakai delivered his impactful third Annual Message to the National Legislature on Monday, adhering to the stipulations of the Liberian Constitution. This year's address is particularly significant, marking what analysts describe as the "last full window" for substantive reform before the political atmosphere shifts, consumed by succession politics and the impending…

Nigerian Military Officers to Stand Trial for Alleged Coup Plot A group of Nigerian military officers is set to face a military court following accusations of plotting to overthrow President Bola Tinubu's government in 2025. Sixteen officers were arrested in October 2025, sparking what has been described as "acts of indiscipline and breaches of service regulations." Authorities later confirmed that several of these officers would indeed be tried, despite initial denials of a coup attempt. Among those arrested, fourteen…

Prophetic Healing and Deliverance leader Walter Magaya appeared before the Harare Magistrates’ Court on Tuesday to face four counts of rape, and the matter was remanded to Feb. 16, 2026, for a trial scheduled to run through Feb. 19, 2026. The State alleges that in June 2020 Magaya offered a 24-year-old woman a voluntary position at the PHD call centre and later invited her to what she believed was a Bible study session. According to the prosecution, the woman was lured to a church-owned hotel and raped in July 2020. The…

Southern African Development Community emergency response teams have arrived in Mozambique after heavy rains caused deadly floods that have submerged entire villages and left large areas inaccessible, officials said. The teams were deployed following the Mozambican government's Red Alert declaration on Jan. 16, and are concentrating on the worst-hit districts of Gaza Province, where floodwaters have reached levels that local authorities say are unprecedented. Roads, public facilities and other critical infrastructure have…

IShowspeed’s African Tour: "Speed Does Africa" Challenges Stereotypes Popular streamer Darren Watkins Jr., known as IShowspeed, is on an exciting African tour titled "Speed Does Africa." The journey has taken him through several countries across the continent, where he has engaged deeply with local cultures, connected with fans, and shared everyday experiences from Africa with his vast global audience. This tour has not only entertained but has also effectively challenged long-standing stereotypes about the continent.…