growth

Aliko Dangote: The Rise of Africa's Wealthiest Titan Reflect for a moment on what it takes to nearly double one's wealth in a single year. Not just a modest increase, mind you, but an upsurge that pushes your financial power to an awe-inspiring $23.9 billion. This is the narrative of Aliko Dangote, a name that resonates profoundly not only across Africa but around the world. Today, standing proudly as the richest person on the continent, he commands a global ranking of 86th. How did he get…

Imagine waking up to find your bank account has nearly doubled overnight. For Nigerian billionaire Aliko Dangote, this scenario isn’t a dream—it’s reality. As of now, Dangote's fortune stands at a staggering $23.9 billion, earning him the title of the wealthiest person in Africa and placing him 86th on the global stage. Just a year ago, in 2024, Forbes had listed him in the 144th position worldwide with a net worth of $13.4 billion. Quite the leap, wouldn’t you say? So, what triggered this massive…

Hargeisa (Axadle Times) – North Western State of Somalia’s President, Abdirahman Mohamed Abdillahi Irro, stepped off the plane in Hargeisa on a crisp Thursday morning, concluding a whirlwind three-day official journey to the United Arab Emirates. His mission? To cultivate investment opportunities that promise to breathe life into North Western State of Somalia’s natural resources, invigorate agriculture, and most crucially, carve out promising new pathways for its burgeoning youth. It begs the question: Can this small,…

In the spirited heart of Nairobi, amidst celebrations at Uhuru Park on January 1, 2025, the air buzzed with more than just fireworks and selfie snaps. People eagerly embracing the New Year couldn't help but feel a tinge of optimism about Kenya's economic prospects. As folks captured memories with friends and family, somewhere in the background, a pivotal announcement also caught the attention. (Photo by Joy Nabukewa/Xinhua) With the economic crystal ball laid bare by the National Treasury, Kenya stands on the cusp…

Idris Elba has set his sights on a significant shift in his life over the next ten years — he wants to move to Africa. This isn’t just a personal endeavor; it’s a heartfelt commitment to bolster the continent's burgeoning film sector. With an eye toward progress, Elba envisions constructing film studios in two pivotal locations: Zanzibar in Tanzania and Accra in Ghana. He believes it’s high time for Africans to take charge of their own stories. “We need to reclaim our narratives,” he asserts, urging a break from the confines…

In the Central African Republic, the World Bank released its annual report on Monday, November 30. In 2019, growth slowed slightly to 3.1%, but remained good compared with the countries in the region. However, the outlook for 2020 is much worse ... The World Bank predicts zero or even negative growth of up to 1.2% for 2020. as…

Ivory Coast will vote on Saturday to elect a new president or renew Alassane Ouattara in power for ten years. Its economic record is quite good, but not for all Ivorians. On the plus side, the Ivorian economy is undergoing a rebirth. With an average growth of 7% to 8% since 2011 - and without taking into account the current…