Economy

The recent arrival of Tropical Cyclone Jude has unleashed chaos across Southern Africa, particularly in the regions of Malawi and Mozambique. Although the storm made landfall in northern Mozambique, its effects rippled through southern Malawi, leaving behind a trail of destruction characterized by heavy rainfall that inundated 13 districts. As the winds howled and the skies opened up, at least 11,000 individuals found their lives upended. Homes were swept away by relentless torrents, while vital crops that had promised…

Human Rights Watch has called upon Mozambican authorities to conduct an immediate and thorough investigation into the recent attack on opposition members in Maputo. This incident unfolded during a significant moment—the signing of a peace accord between President Daniel Chapo and various opposition parties, notably excluding former presidential candidate Venancio Mondlane, who led hundreds in a peaceful march that day. The stark contrast between the peaceful intentions of the demonstrators and the violent response they…

Angola is stepping into an ambitious role, attempting to mediate the ongoing turmoil in eastern Democratic Republic of Congo (DR Congo). The focus lies on facilitating direct negotiations between Kinshasa, the capital of DR Congo, and the M23 rebel group, which has recently captured significant territories. During a recent meeting held in Luanda, Angolan President João Lourenço unveiled a comprehensive plan aimed at establishing dialogue between the warring factions. His commitment to fostering peace in the region cannot be…

In a significant development for African football, Patrice Motsepe, the prominent South African mining executive, has secured his position as the president of the Confederation of African Football (CAF) for a second consecutive term, doing so without any opposition. This confirmation of his leadership signals both continuity and the potential for further progress within the organization. At 63, Motsepe stands as a notable figure not just in the realm of sports but also in business, with his family's trust owning Mamelodi…

Lagos, a city pulsating with energy and ambition, has marked a monumental milestone, now ranking as Africa's second-largest economy, trailing only behind the bustling metropolis of Cairo, Egypt. Just pause for a moment to ponder this achievement. It isn't just a tale of numbers but a testimony to the relentless spirit that courses through the veins of Lagos. Reflecting on the first half of 2024, Lagos’s economy unveiled its remarkable resilience, with a staggering growth to ₦27.38 trillion, soaring from ₦19.65…

In a dramatic twist of events, self-proclaimed prophet Shepherd Bushiri and his wife, Mary Bushiri, welcome an unexpected chapter in their ongoing saga. As the leaders of the Enlightened Christian Gathering Church, they cultivated a prominent following in South Africa. However, the clouds of legal troubles have loomed ominously over their heads. Back in 2020, the couple made an audacious escape from South Africa, leaving behind a trail of serious allegations. Accusations of defrauding investors to the tune of R102 million…

The South African Parliament recently witnessed the unveiling of the 2025 Budget by Finance Minister Enoch Godongwana. This moment was particularly significant, especially after an intensive round of deliberations among Cabinet ministers. In a surprising twist, the ministers decided to convene once more to evaluate a reworked budget, ultimately rejecting it due to its contentious proposal for a 2% increase in Value-Added Tax (VAT). The discussions were fraught, bringing to mind the age-old adage: "two heads are better than…

The Nigerian political landscape is at a pivotal juncture as President Bola Tinubu reaches out to the country's youth, emphasizing their crucial role in shaping the future. During the recent inauguration of the National Youth Congress Planning Committee in Abuja, he extended an open invitation for genuine interaction and feedback, underscoring his belief that young voices should be heard and incorporated into the nation's governance. “Your ideas matter,” Tinubu asserted, a sentiment that clearly resonated with the vibrant…

Imagine a world where businesses never sleep. The bustling streets of Accra are alive at midnight, factories hum with the rhythm of machinery well past dusk, and digital startups thrive in the quiet hours when most are asleep. This vision could soon become a reality in Ghana, as highlighted by Simon Madjie, the Acting Chief Executive of the Ghana Investment Promotion Centre (GIPC). Madjie, brimming with enthusiasm, spoke about the flagship policy that aims to revolutionize the Ghanaian economy. Dubbed the…

A significant setback has recently impacted an innovative initiative spearheaded by a team of dedicated researchers—individuals who have already made remarkable strides in deepening our comprehension of HIV. This project, uniting experts from eight diverse African nations under the banner of the BRILLIANT Consortium, finds itself in jeopardy due to a controversial shift in U.S. government aid policies. Why does funding for such essential research fluctuate with political currents? The plight of scientific inquiry often seems…