Economy

In a significant move, Resolute Mining, an Australian-based company, has agreed to pay a hefty sum of $160 million to the Malian government in a bid to settle an ongoing tax dispute. This decision comes on the heels of a troubling incident where Mali's authorities detained the company’s CEO, Terence Holohan, along with two other staff members during their trip to Bamako for what was supposed to be routine negotiations with the current regime. As tensions rise, the spotlight on foreign mining operations in Mali grows ever…

World Toilet Day serves as a critical reminder of the pressing need for clean and safe toilets, particularly within Africa. The United Nations highlights a concerning reality— progress is lagging significantly behind in the race to meet the Sustainable Development Goal of providing "safe toilets for all by 2030." Currently, around 3.5 billion individuals across the globe are without access to basic sanitation. In various African nations such as Nigeria, Ethiopia, Niger, the Democratic Republic of Congo, Burkina Faso, and…

Recent reports reveal that a significant number of Gabon’s 860,000 registered voters have chosen to support a new Constitution, which might mark an end to military governance, as disclosed by State Television. This important referendum has the potential to dismantle a political dynasty that the Bongo family has held onto for nearly six decades. The proposed Constitution is not just a piece of legislation; it embodies one of the key promises made by General Brice Clotaire Oligui Nguema following his seizure of power during…

Chidimma Adetshina has carved out a significant milestone in history, becoming the first Nigerian to clinch the title of first runner-up at the prestigious 73rd Miss Universe pageant. In the wake of this remarkable achievement, Adetshina took to Instagram to share her heartfelt appreciation. She reminisced about the unwavering support she received from Nigerians during her most challenging times. "Together, we find strength," she noted, highlighting how the vast African continent has imparted lessons on the essence of unity…

A handful of nations have officially punched their tickets to the 35th edition of the renowned African Cup of Nations, all set to unfold in Morocco. Countries like Nigeria, Tunisia, South Africa, Uganda, and Equatorial Guinea stood tall during the intense fifth round of qualifying matches. In a dramatic turn of events, Nigeria's ace striker Victor Osimhen salvaged a point for the Super Eagles against Benin, leveling the score at 1-1 with a late equalizer. Remarkably, the three-time champions had already cemented their…

A collaborative effort among various firms has welcomed the arrival of the initial set of 275 container wagons, designed to boost the transport capabilities of the Lobito Corridor project. This ambitious railway initiative stretches from Angola's Lobito port, reaching into the Democratic Republic of Congo and extending to Zambia. Unveiled in 2023 as part of the G7 Partnership for Global Infrastructure and Investment, this corridor is backed by both the United States and the European Union. Once fully operational, it…

The task force known as Operation Vala Umgodi, part of the South African Police Service operating in the North West province, has reiterated its plea for illegal miners who remain underground to resurface. Currently, law enforcement is engaged in a tense standoff with a significant number of illegal miners who find themselves stuck in an abandoned mining shaft. In response to the situation, police have effectively sealed off the entry points that these miners use to bring in supplies. As a result, these individuals are now…

This weekend, a significant face-off is set to take place in Senegal’s parliamentary elections, pitting former President Macky Sall against Prime Minister Ousmane Sonko. Both leaders are at the helm of separate coalitions, each vying for control of the parliamentary majority. Expecting a turnout of over seven million voters, Senegalese citizens will cast their ballots for new members of Parliament. This election comes on the heels of President Bassirou Diomaye Faye's decision to dissolve the previous Parliament, which he…

Disinformation plays a pivotal role in Russia's hybrid warfare strategy throughout Africa. This tactic aims to bolster Moscow's influence and seize control of the continent's precious resources, as outlined by the Africa Defense Forum (ADF). According to reports, Russia accounts for a staggering 40% of disinformation initiatives across Africa, driven by its so-called "cognitive warfare" approach. This method exploits local grievances and the complex history of colonialism in Africa, cleverly redirecting attention away from…

Mia le Roux, South Africa's representative, has decided to withdraw from the Miss Universe finals taking place in Mexico due to health issues, as announced by the pageant organizers. This sudden decision means South Africa will not have a contestant at the 73rd Miss Universe event. In a public statement, the Miss South Africa organization emphasized that le Roux's health is their "number one priority." They pledged unwavering support until she makes a full recovery. It’s worth noting that le Roux made history by becoming…