revenue

Burkina Faso's Bold Gamble on Gold: A Nation Looks Inward OUAGADOUGOU, Burkina Faso — In a remarkable turn of events since the 2022 military takeover, Burkina Faso’s interim government proudly reports revenues of $18 billion stemming from its gold mining sector. Captain Ibrahim Traoré, the figure at the helm of this transformation, took power with a mission to reclaim the nation’s substantial natural wealth for its people. Gold, often romanticized and fraught with stories of both triumph and tragedy, is now…

Understanding the Economic Impact of Aliko Dangote's Contributions Aliko Dangote, the wealthiest individual in Africa, recently made headlines for revealing a striking statistic: the Federal Government of Nigeria earns a substantial 52 kobo from every N1 generated by his cement enterprise. This revelation, delivered during the Taraba International Investment Summit 2025 held in Jalingo, sheds light on the financial dynamics between private industry and government. Speaking at this investment forum, Dangote…

Aliko Dangote, widely recognized as Africa’s wealthiest individual, has made bold assertions about the future of his enterprise, stating that the Dangote Group is poised to generate an astonishing $30 billion in total revenue next year. This announcement comes amidst rising anxieties among global businesses regarding the potential repercussions of President Donald Trump’s trade tariffs. One can’t help but wonder: How do global trade dynamics impact local businesses, especially those as vast as Dangote’s?…

Ghana's Growing Petroleum Revenue: A Dynamic Landscape In a promising turn of events, Ghana's total petroleum revenue surged to an impressive US$1.35 billion in 2024. This marks a remarkable 27.8% increase from the US$1.06 billion recorded in 2023, as outlined in the recently released 2024 Annual Report by the Public Interest and Accountability Committee (PIAC). It’s a heartening statistic, one that evokes a sense of cautious optimism for both Ghanaian citizens and stakeholders involved in the nation's oil industry. This…

MTN Nigeria's Robust Q1 2025 Performance In an impressive display of resilience and strategic maneuvering, MTN Nigeria reported a staggering revenue of N1 trillion for the first quarter of 2025. This achievement signifies a remarkable 40.5% increase year-on-year, a substantial leap from the N752.9 billion recorded in Q1 2024. One can't help but wonder: What does this surge mean for the broader telecommunications landscape in Nigeria? The driving force behind this robust performance can primarily…

Mogadishu (AX) — Recent reports indicate a significant shift in the dynamics of resource management in Somalia, particularly regarding its offshore oil and gas reserves. According to a comprehensive report from Nordic Monitor, Turkey stands to secure an astounding 90 percent of the revenue generated from these resources. This revelation raises several critical questions about the nature of international agreements and the potential ramifications for Somalia’s economic sovereignty. The full text of the agreement, which has…

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…

Recent analysis paints a sobering picture for policy makers in Ghana. Projected reforms aimed at alleviating the financial stress on its populace and businesses are estimated to drain the nation's coffers, leading to a revenue loss somewhere between GH¢5.5 billion and GH¢7.1 billion. But what does this mean for the nation's economic blackboard? While many acknowledge potential advantages in the short term, such as tax reductions on pivotal goods and services for low-income households, Professor Boadi,…

Egyptian President Abdel Fattah al-Sisi, in a bid to illuminate the economic ripples of regional tension, unveiled a worrying revelation on Monday. The Suez Canal, a crucial artery of global maritime trade, is hemorrhaging approximately $800 million every month. A staggering loss underscored by growing instability in the region. This shortfall not only poses a threat to Egypt’s economic engine but also raises a question: What are the far-reaching consequences of such financial hemorrhage on global…

The Suez Canal: Navigating Rough Waters in Search of Economic Stability The Suez Canal, a name synonymous with maritime economics and global trade, faces rough waters once more. Imagine a once vibrant corridor, bustling with the energy of international trade, now struck by a trifecta of unforeseen challenges. This crucial waterway, which has been the heart of Egypt's economic lifeline, is currently grappling with a loss of around $800 million in monthly revenue. How did this happen? And more importantly, what does it mean…