business

In the heart of Tunis, supporters of President Kais Saied erupted in jubilation following a televised exit poll indicating a resounding victory for their leader. The poll suggested that Saied secured a staggering 89.2% of the vote, leaving his challengers in the dust. His competition consisted of two distinct figures: Zouhair Maghzaoui, a former ally turned staunch critic, and Ayachi Zammel, a candidate who found himself behind bars just a month prior. With their expectations shattered, both Maghzaoui and Zammel quickly…

Rwandan health officials are deeply engaged in a massive contact tracing initiative, tracking down countless individuals to curtail the spread of a particularly alarming disease across the nation and beyond. Health Minister Sabin Nsanzimana remarked, “We’re confronting the challenge of viral hemorrhagic fever while simultaneously addressing mpox.” This dual health scare gives rise to a pressing need for swift action. During a recent online briefing, Nsanzimana reiterated their commitment to halting the virus's advance. “We…

Renowned musician Ayodeji Balogun, more famously known as Wizkid, has recently set his sights on fellow artist David Adeleke, or as many call him, Davido, igniting yet another round of verbal sparring across social media platforms. There's been talk that Wizkid intended to drop the inaugural track from his eagerly awaited album, "Morayo," on the same day Davido teased his first single for the upcoming 2024 calendar. In a bold move, Wizkid took to his X account, unleashing a stinging critique against Davido. He described…

Tragically, at least 78 individuals have lost their lives, with many more unaccounted for, following a boat capsizing incident on Lake Kivu in the Democratic Republic of Congo. This calamity unfolded as a heavily overloaded vessel, packed with over 300 passengers, approached the shoreline of Goma after departing from the town of Minova in South Kivu. Unfortunately, this incident is just one of many that have occurred on Lake Kivu. Earlier this year, specifically in February 2024, another boat tragedy struck near Bahimba,…

The celebrated Nigerian author Chimamanda Ngozi Adichie has announced her forthcoming novel, titled *Dream Count*. This captivating tale follows Chiamaka, a Nigerian travel writer grappling with the complexities of life in the United States. Readers can mark their calendars for the official release on March 4, 2025. Adichie is not a stranger to literary acclaim. Her debut novel, *Purple Hibiscus*, earned her the prestigious Commonwealth Writers' Prize. Following that success, *Half of a Yellow Sun* garnered the Orange Prize…

In a significant turn of events, the former Chief Financial Officer of Steinhoff, Ben la Grange, has been handed a prison sentence of 10 years, with half of that time suspended. This sentence comes after La Grange pleaded guilty to a singular fraud charge linked to a staggering amount of R367 million. The stipulation for the suspended sentence mandates that La Grange must stay clear of any future fraud convictions during this period. Additionally, he is required to serve as a witness for the state in any upcoming…

In the grip of a drought that rivals the direst conditions faced in the last two decades, Zambia finds itself in a precarious situation. Both businesses and households are enduring prolonged periods without electricity. With this backdrop, specialists are warning that the ongoing energy predicament could exacerbate the nation's already vulnerable economic landscape. This precarious situation poses the risk of extensive job losses across numerous sectors. According to a report from Daba Finance, the annual inflation rate in…

In a recent address, President Abdel Fattah Al-Sisi underscored Egypt’s solidarity with Somalia, a nation grappling with instability for nearly thirty years. As he spoke to distinguished guests during a ceremony celebrating a new class of police officers, Al-Sisi emphasized that Egypt's support for Somalia was not intended to provoke Ethiopia. This announcement comes amidst rising tensions in the region, especially following the arrival of a cargo ship laden with a substantial cache of military equipment from the Egyptian…

The Nigeria Emergency Management Agency has reported a grim development: 14 bodies have been retrieved from the waters of central Niger State. Unfortunately, around 150 passengers are still unaccounted for following a tragic boat capsizing incident. According to officials, the boat overturned after it was overloaded, carrying about 300 passengers from the Mundi community. These individuals had congregated for a religious event in the nearby Gbajibo village. Of those on board, 150 were successfully rescued, leaving a…

Lawmakers are pressing Finance Minister Mthuli Ncube to deliver a comprehensive statement addressing the recent plunge in value of Zimbabwe's newly unveiled gold-backed currency. Dubbed the ZiG, or Zimbabwe Gold, this currency made its debut in April. However, it has already suffered a staggering decline of more than 40%. This drop stems from mounting market pressure urging the Reserve Bank of Zimbabwe to establish a more realistic and pragmatic exchange rate. Throughout the last several years, efforts to create a stable…