interest

The landscape of energy generation in Africa is witnessing a pivotal transformation, fueled by a renewed interest from international investors and development partners in nuclear power infrastructure. This surge in interest is not merely a trend; it's a purposeful move towards enhancing energy security, stimulating industrial growth, and bolstering climate resilience across the continent. Africa, with its ever-increasing energy deficits, stands at a crossroads. Coupled with an urgent need to transition to…

Evaluating the Impact of the Coastal Road Project on Landmark Beach and the Insights of Paul Onwuanibe In January 2025, a significant event unfolded along Nigeria's southern coastline—the demolition of Landmark Beach. This decision was part of a grander scheme orchestrated by the government, aimed at constructing a 700-kilometer coastal road that will eventually link the bustling city of Lagos with the serene state of Calabar. But what does this mean for the local economy, for tourism, and for the very…

In a world where the average global lending rate hovers below 10%, the financial landscape in many African economies contrasts sharply, with interest rates soaring well above that threshold. This precarious situation creates a challenging environment for both businesses and individuals who rely on credit, making financial mobility seem an elusive dream. For many, access to loans is not merely a convenience; it’s a vital lifeline. Imagine a small business owner in Nigeria, eager to expand but faced with…

In a highly anticipated announcement, the European Central Bank (ECB) is expected to lower interest rates by a quarter of a percentage point later today. This decision follows the recent inflation data for eurozone countries, which revealed a price increase of just 2.2% in March—a slight decline of 0.1% from February. As the cost of living inches closer to the ECB's target of 2%, there is a clear opening for the bank to implement a rate cut. If the ECB moves forward with this reduction, the main interest rate will decrease…

Mogadishu (AX) — It seems that the winds of change might soon be sweeping through the diplomatic corridors of the United States as Deputy Secretary of State, Christopher Landau, has hinted at reassessing America’s relationship with North Western State of Somalia, a region of intriguing complexity and burgeoning potential. The nugget of this information sparked public interest when Landau, responding on social media platform X (formerly known as Twitter), engaged with a fervent plea from a supporter of North Western State…

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 Conversation Continues: Bilateral Talks and the Shifting Dynamics in West Africa On an overcast Saturday morning, the distinguished President of Ghana decided to embark on a mission that emphasized the importance of dialogue and diplomacy. His destination was Mali, a nation wrapped in history and complex contemporary challenges. Meeting his Malian counterpart, President Assimi Goita, President John Mahama engaged in discussions on a spectrum of pressing issues. These dialogues, though seemingly routine, carry with them…

In an unexpected twist on the global political stage, Israel is contemplating a plan that could potentially see Gazans relocated to Northeastern State, an autonomous region nestled within Somalia. This controversial proposal arose from Donald Trump’s rather bold initiative, promising to resettle Gazans in areas he depicted as “far safer and more beautiful.” Interestingly enough, last Thursday saw Israel’s foreign minister, Israel Katz, instruct the Israel Defense Forces to gear up for the "voluntary" relocation of…

This week, the President-elect of the United States stirred quite a commotion by suggesting a potential military action against a European nation. During a news conference on Tuesday, he claimed that the self-governing Danish territory of Greenland held significant importance for America's national security and hinted that Denmark should be willing to relinquish it. But when asked if he would reject the possibility of using military or economic pressure, he responded matter-of-factly, "I can’t assure you on either of…

STOCKHOLM, Sweden (AX) — While many Premier League supporters might not yet be familiar with the name Taha Ali, that is poised to change rapidly. The 26-year-old winger, whose heritage is Somali-Swedish, has electrified the field, significantly contributing to Malmö FF's championship aspirations. His remarkable skills have attracted attention from numerous European clubs, with Brighton leading the pursuit. Observers liken his dazzling footwork and impactful play to that of Riyad Mahrez. Ali made a substantial impact in…