industry

Would you quiet your mind for a moment to ponder a fascinating development on the economic horizon? Nigeria's vibrant oil and gas sector, a linchpin of its economy, is drawing attention far beyond its borders. At the forefront of this attention are an astounding 74 Chinese enterprises, all set on a mission to invest, innovate, and invigorate. This movement was highlighted in a recent statement issued by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), stirring a crest of anticipation across both…

The Changing Landscape of Nigeria's Fuel Supply Imagine driving through the bustling streets of Lagos or the serene landscape of Abuja, knowing that the gasoline fueling your journey might just be a product of the prolific Dangote Refinery. Recent reports suggest a significant shift in Nigeria's petroleum industry, with this refinery supplying an impressive 60% of the nation's domestic petrol needs. Yes, you read that right—60%! But what does this really mean for Nigeria’s energy landscape?…

Kenya's Tourist Sector: Surging Revenues and Rosy Projections As the sun paints an inviting glow over the diverse landscapes of Kenya, it captivates more than just adventurers and wildlife enthusiasts. The nation anticipates a robust 24% uptick in tourism revenue, projected to soar to $4.33 billion, translating to approximately 560 billion shillings. Such a leap paints a promising picture for Kenya as it strides confidently on the global tourism stage.…

The recent unveiling of DeepSeek’s innovative AI models has sent shockwaves through the technology landscape, establishing the Chinese startup as a formidable player that rivals its American counterparts while operating on a budget that seems almost implausible. With claims that their models are not only on par with industry giants but potentially superior, DeepSeek threatens to disrupt the conventional hierarchy in the world of technology. In a compelling report published last month, DeepSeek revealed that developing their…

Deep in the heart of China's bustling tech hub, a fledgling company named DeepSeek has embarked on a mission that could potentially reshape the technological balance of power. This startup audaciously claims its new AI models rival, or in some instances, even surpass the giants of American tech, all while dramatically slashing costs. In the labyrinthine corridors of artificial intelligence, the buzz is palpable. Just last month, DeepSeek unlocked a wave of curiosity with a paper claiming the training of their…

In a striking proclamation, former U.S. President Donald Trump spotlighted the remarkable advancements made by the Chinese startup DeepSeek, suggesting that such innovations should serve as a clarion call for American tech firms. The emergence of this more affordable and rapid artificial intelligence solution, he remarked, may be just the impetus that American companies need to refocus their competitive efforts in this fast-evolving landscape. At a recent gathering in Florida, Trump asserted, "The unveiling of DeepSeek’s AI…

Mogadishu (AX) – Change is afoot in Somalia's livestock sector, and it's not just the grass that's greener. On a bright Thursday morning, the Somali government teamed up with the World Bank under the HoA DRIVE Project to unveil the $10 million Livestock Value Chain Fund (LVCF). This initiative is set to steer the livestock industry onto a lucrative path of transformation. Against the backdrop of the elegant Jazeera Palace in Mogadishu, Gargaara Company Limited hosted this momentous signing ceremony. It was more than just…

Muscat: Qais Mohammed Al Yousef, the esteemed Minister of Commerce, Industry, and Investment Promotion, had an insightful meeting on Tuesday in Muscat with Hassan Hussein Mohamed, Somalia's Minister of Livestock, Forestry, and Range, who is gracing Oman with his presence during an official visit.In this meeting, they explored ways to enhance collaboration in the realm of livestock and meat production. The dialogue also touched on bolstering joint investments and other industries that cater to the shared aspirations of both…

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…

Kawu Sumaila has stepped into the role of Chairman for the Senate Committee on Petroleum Resources (Downstream) and is already raising crucial questions about Nigeria's level of transparency in the oil sector. Taking over this position after the untimely passing of Senator Ifeanyi Ubah, Sumaila shared his vision for combating the pervasive secrecy that seems to cloak the industry like a heavy fog. Historically, Nigeria’s oil industry has faced harsh scrutiny due to its lack of transparency. This sector is not just vital;…