Browsing Tag

local

Ghana Risks $500M Revenue Loss from Local Lithium Refining

Ghana's Lithium Refining Dilemma: Weighing the Economic Scales In the heart of West Africa, Ghana stands at a crossroads. A recent report from the Natural Resource Governance Institute (NRGI) presents an unsettling choice: push for domestic lithium refining or continue exporting raw lithium spodumene concentrate. Why does this decision carry such weight? At first glance, local refining might seem like the patriotic choice. However, as with many things, the devil is in the details. The report meticulously…

South Africa Unveils Spaza Fund to Boost Local Businesses in Townships

In a significant move to invigorate local economies, the South African government has initiated applications for the R500-million Spaza Shop Support Fund (SSSF). This initiative aims to enhance the sustainability and growth of spaza shops—those familiar neighborhood convenience stores that serve as lifelines for township and rural communities. During a recent announcement, Minister of Trade, Industry and Competition, Parks Tau, highlighted the transformative potential of this fund. “We are committed to empowering our…

Nigeria’s Oil Swap Resumes, Boosting Local Refineries

In a pivotal move, the Federal Ministry of Finance recently confirmed the continuation of a policy that's been off the radar for a few months—the Crude and Refined Product Sales in Naira initiative. This decision came hot on the heels of a high-powered conclave led by a Technical Sub-Committee. Sometimes, the paths taken to conserve resources and bolster local industries can be quite the labyrinth. Do you remember wanting to unravel a knotty problem yourself? That's what this initiative seeks to do for…

Somalia Grants U.S. Access to Strategic Bases Amidst Federal Conflicts and Local Opposition

MOGADISHU, Somalia - In a confidential letter uncovered recently, Somali President Hassan Sheikh Mohamud made an audacious offer to the then U.S. President Donald Trump. The proposal, which is nothing short of groundbreaking, seeks to grant exclusive operational control to the U.S. over crucial military airbases and key ports in Somalia. But is it a move towards strengthening bilateral ties, or does it open Pandora's box of internal strife? This letter, penned on March 16, 2025, outlines an invitation for the U.S.…

Russia’s Leading Automaker Eyes Nigeria with Local Assembly Plans

Nigeria is embarking on an unprecedented journey in its quest to attract foreign investment while boosting local manufacturing. The renowned automaker, AvtoVAZ, is propelling plans to set up an assembly plant in the nation. Curious about this bold move? Let’s delve into the details. According to Techcabal, AvtoVAZ, commonly associated with its Lada range of accessible passenger cars, SUVs, and commercial vehicles, is charting a path into Nigeria. This venture aligns…

FCMB Launches Ogbomosho Branch to Energize Local Economy

Embracing Growth: FCMB's New Chapter in Ogbomoso It was a moment of anticipation and hope on the sunny morning of the inauguration of First City Monument Bank’s (FCMB) latest branch in Ogbomoso. The presence of FCMB, a beacon of financial innovation, promises to shape new economic narratives and invigorate local businesses. The air was filled with excitement as Oba Ghandi Olaoye, the revered Soun of Ogbomoso, ceremonially opened the doors to this new opportunity. "First City Monument…

Northeastern State Backs Local Forces Against ISIS in Al-Miskaat Hills

Edited By Ali Musa Axadle Times International–Monitoring. Garowe (AX) – In an inspiring wave of resilience and strategic collaboration, the Northeastern State regional administration has taken decisive action by providing direct support to local militia forces known as the Ma'awisley. These local factions have rallied with remarkable courage to protect their recently liberated lands from the grasp of ISIS militants entrenched in the Al-Miskaat Mountains. The potency of this grassroots movement lies in the shared history…

Local Traders Unwittingly Finance Al-Shabaab’s Costly and Lethal Assaults in Mogadishu, Amounting to $80,000

Mogadishu (AX) — The hustle and bustle of Mogadishu's vibrant markets, where traders earn their living amid the daily chaos, can mask an insidious undercurrent. Al-Shabaab, notorious for their devastating attacks, draws substantial financial support from unsuspecting Somali entrepreneurs. Banadir Regional Police Commander Moalim Mahdi recently unveiled this chilling reality at a national prosecutors' conference. Mahdi unraveled the intricate nexus of power and fear that enables these militants to execute operations that…

The Economic Impact of Unlawful Tuna Fishing Along Somalia’s Shores: A Local and International Perspective

The relentless pillage of yellowfin tuna in Somali waters is a troubling saga, unravelling as a grim tale affecting local livelihoods and looming ominously over global food security. The ripples of this exploitation stretch far and wide, touching ecosystems and economies in profoundly unsettling ways. But, how did this come to pass? One can't help but wonder about the brazen illegal activities by Chinese vessels, which have become a stark symbol of unchecked ambition and disregard for maritime laws. These vessels prowl…

Al-Shabaab Kidnaps Five Local Leaders in Mandera County, Kenya

Al-Shabaab Abducts Five Kenyan Chiefs in Mandera County Nairobi, Kenya — Imagine clocking in for a day’s work, only to vanish without a trace. This unsettling fate befell five National Government Administration Officers (NGAO) from Mandera County, allegedly whisked away by Al-Shabaab militants. Why now? The abductions come with a disquieting timing—just before President William Ruto's anticipated visit to the region. Julius Njeru, the Mandera South Sub…

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