Soars

In June, Zimbabwe reached a significant milestone: its gold and foreign-currency reserves backing the newly minted bullion-backed currency, the ZiG (Zimbabwe Gold), hit a record high. As reported by the central bank, this development not only signifies a turn in economic fortunes for the nation but also hints at the resilience of a country striving to lift itself from the depths of financial despair. The reserves surged impressively to $731 million—up from $639 million in May and almost tripling from the $276 million…

Recently, a significant event unfolded that brought together shareholders, institutional investors, and regulators in a collective space of review and forward-thinking. This gathering served as a platform to delve into the comprehensive Annual Report and Financial Statements for Beta Glass Plc for the year ending December 31, 2024. It wasn't merely about numbers and charts; it was about shaping the future trajectory of the company and reinforcing its dedication to sustainability. Dr. Vitus Ezinwa, the Chairman…

In an astonishing turn of events, Nigeria's public debt has surged, now reaching an unprecedented ₦27.72 trillion, marking an eye-watering 22.8% increase compared to the ₦121.67 trillion recorded during the same timeframe last year. This staggering growth invites immediate scrutiny: What are the driving forces behind this rapid expansion? According to the most recent figures from the Debt Management Office (DMO), the nation’s total debt has climbed by ₦4.72 trillion, or 3.3%, rising from ₦144.67 trillion at the…

Tesla's Self-Driving Taxi Service: A New Era Begins In an exciting development for the electric vehicle (EV) industry, Tesla recently launched its long-anticipated self-driving taxi service in its hometown. As of Sunday, this service opened to a select group of users, who could experience the convenience of autonomous transportation for a flat fee of $4.20 per ride. This initiative marks a significant milestone in Tesla's quest for a fully automated fleet, a vision fervently championed by CEO Elon Musk over the…

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…

In an encouraging turn of events, Nigeria has witnessed a remarkable 15.6 percent increase in its gas output month-on-month (MoM), reaching a substantial 227,931.65 million standard cubic feet (mscf) in March 2025. This surge not only highlights the nation's potential in natural gas production but also reflects the continued efforts towards enhancing the country's energy sector. When we step back to examine the year-on-year (YoY) data, the figures reveal a modest growth from the previous year, rising from 198,353.62 mscf in…

Uganda, a nation known for its rich landscapes and vibrant cultures, has recently embarked on a significant economic journey. By cutting electricity prices, Uganda has achieved a remarkable feat, marking its steepest power tariff reduction in the last twenty years. This bold move, in part, is a direct result of a resilience shown by the Ugandan shilling, which, against all odds, has soared and strengthened. As this currency appraisal lowered the costs of key imports such as fuel and power generation components,…

Aliko Dangote, a name synonymous with monumental wealth in Africa, has made waves across various industries, from petroleum to cement, sugar, and beyond. His financial empire not only underscores his business acumen but also positions him as a pivotal figure in Africa's ever-evolving economic narrative. In the world of business, success is often measured by strategic foresight and the expansion of industries. Dangote's staggering fortune is a living testament to these…

This morning, the skies over Florida buzzed with excitement as Blue Origin's colossal New Glenn rocket soared into the cosmos, marking a significant milestone for Jeff Bezos' space venture. It was the first dance of New Glenn in Earth's orbit, and the stakes couldn't be higher as it aims to carve out its own niche in the highly competitive satellite launch market—right alongside SpaceX. Standing an impressive thirty stories tall and boasting a reusable first stage packed with liquid oxygen and methane, New Glenn took off…