unveils

The African Export-Import Bank (Afreximbank) has recently unveiled an ambitious initiative: a $3 billion revolving credit facility designed to simplify fuel access for buyers in Africa and the Caribbean. This groundbreaking measure allows for more streamlined acquisition of essential fuel types, including petrol, diesel, and jet fuel, sourced directly from refineries across the continent. With a mission that touches not just economies, but communities, this initiative may reshape the energy landscape in profound ways.…

Did you know that transportation is responsible for around 22% of total greenhouse gas emissions? Astonishing, right? Corporate fleets are accountable for a considerable portion of that share. In light of these pressing statistics, we’re excited to announce the official launch of Cabzero in April 2025. As Nigeria's premier all-electric fleet solution specifically designed for corporate transportation, Cabzero offers organizations a smarter, greener, and more cost-effective way to navigate staff mobility.…

Recent Changes in Somalia’s Political Landscape In a significant reshuffling within Somalia’s leadership, Jibril Abdirashid Haji Abdi has been appointed as the second deputy prime minister. This appointment certainly adds a fresh dynamic to the current administration. Abdirashid is not a newcomer to the political scene; he brings a wealth of experience garnered from his previous role as the Minister of Commerce and Industry. As we navigate uncertain waters in the realm of governance, one can't help but wonder: how will…

Morocco's transformative journey in the realm of rail transport is not merely remarkable; it’s a bold assertion of national ambition. Pioneering the continent's leadership in high-speed rail, Morocco already boasts the only operational high-speed rail (HSR) system in Africa: the Al Boraq line connecting Tangier and Kenitra. With this success as a springboard, the kingdom is now embracing an exciting new phase, reinforcing its commitment to sustainable transportation and regional integration. A $9 Billion…

In a remarkable turn of events in Naivasha, Kenya, two Belgian teenagers, David Lornoy and Seppe Lodewijckx, found themselves at the center of an unusual court case that underscores the gravity of wildlife trafficking. Charged with the illegal possession and trafficking of garden ant queens, their pre-sentencing report was presented at the Jomo Kenyatta International Airport (JKIA) Law Courts. This case, however, reflects a larger, burgeoning crisis in biodiversity conservation. Earlier this month, Kenyan police conducted a…

In a surprising development that raises questions about governance and international relationships, Northeastern State's President Said Abdullahi Deni has seemingly transferred control of Bosaso Airport to the United Arab Emirates (UAE) without securing the necessary parliamentary approval. This move, shrouded in secrecy, has ignited a heated debate regarding Northeastern State's autonomy and its delicate ties with the federal Somali government. On March 5, satellite imagery uncovered a significant development: an…

In recent days, speculation has been rife regarding the fate of U.S. embassies across Africa. Would these vital outposts be shut down? The answer is a resounding no. The rumors were firmly put to rest with the introduction of an ambitious reform plan by Secretary of State, Senator Marco Rubio, aimed at revitalizing American diplomatic efforts. This initiative, presented as a necessary restructuring of the State Department, is not merely a bureaucratic shuffle. Instead, it strives to modernize operations and enhance…

The recent adjustment in fuel prices by Dangote Refinery has turned heads in the economic landscape. With a notable reduction of ₦30, the price now stands at ₦835 per litre, marking a total drop of ₦45 from the relatively recent figure of ₦880 just a mere six days ago. This change, while appearing simple on the surface, has profound implications for consumers and the broader economy. Anticipations abound regarding how this price cut will ripple through the market. Retailers, especially partner stations like MRS,…

Las Anod (AX) — Shaping the future of a community comes down to daring efforts and groundbreaking initiatives. Under the sweltering sun on a historic Sunday, the air was thick with anticipation in Las Anod. Somali Prime Minister Hamza Abdi Barre made an indelible mark as he set the cornerstone for eight transformative development projects. This wasn't just another day in the administrative heart of the SSC-Khaatumo—it was the dawn of new possibilities. In a land that has been shadowed by strife and oversight, hearing of…

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…