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Africa’s Top Gold Producer Adopts Hedging Strategy Amidst $11.1B Reserves

Ghana is taking proactive steps to bolster its economy—specifically, the nation is developing a strategic plan to hedge its gold exports. This initiative aims to protect the earnings that have significantly enhanced the foreign reserves of the Bank of Ghana, as articulated by Governor Johnson Asiama. In a world where uncertainty often reigns, it’s refreshing to see such forward-thinking measures. Speaking at an event in Accra, Governor Asiama highlighted the remarkable growth in gold production and favorable…

Somalia and Yemen Raise Alarm Over Houthi-Linked Arms and Piracy in Gulf of Aden

Growing Security Threat: Somalia and Yemen Address Militant Alliances London, United Kingdom (AX) — In an era defined by complex geopolitical shifts, Somalia and Yemen have recently raised urgent alarms concerning a burgeoning security threat. This concern arises from the unsettling connections forming between Yemen’s Houthi rebels and extremist factions operating within Somalia. A high-profile diplomatic meeting held in London on Tuesday highlighted these issues and underscored the need for immediate action. The…

FCMB Celebrates 3,016 Winners in Millionaire Promo Bonanza

In today’s fast-paced world, financial security often feels like a distant dream for many individuals. Yet, the recent initiative by FCMB (First City Monument Bank) is turning that dream into reality, one draw at a time. By organizing a series of electronic draws from January to June, they’ve ensured that participation was broad and inclusive. This initiative is not just available for new customers but welcomes existing savings account holders as well, emphasizing a community-focused approach that resonates with all.…

Fateh Confronts Islamophobia Amid Rising Mayor Campaign in Minneapolis

The Rise of Omar Fateh: Navigating Challenges and Possibilities In the heart of Minneapolis, a significant moment in political history is unfolding. Somali-American state senator Omar Fateh is campaigning to become the city's next mayor. As he embarks on this journey, he faces a wave of Islamophobic and racial attacks that emanate from far-right detractors. These voices seek to undermine his credibility by questioning his loyalty, heritage, and legitimacy as a candidate. Rather than dampening his spirit, these…

Economies in Africa Facing Challenges Without Being Fragile States

The disparities in how fragility is defined point to significant shortcomings in our understanding of conflict and vulnerability. This situation begs the question: how can we refine our global metrics to better encompass the complexities of fragile states? A revealing report by the World Bank classifies Fragile and Conflict-Affected Situations (FCS) as nations grappling with weak institutions, persistent violence, or challenges in post-conflict recovery. But what does being ‘fragile’ truly mean for the people…

Somalia Extends Voter Registration in Banadir for 2026 Elections

Mogadishu (AX) — In an exciting development for Somalia's democratic landscape, the National Independent Electoral Commission (NIEC) has announced an extension of voter registration in the Banadir region by one month. This decision comes as public interest and participation reach unprecedented levels ahead of Mogadishu's first direct elections in over fifty years. The newly established deadline of August 15, 2025, is a response to the remarkable turnout witnessed across various districts in the capital. Abdikarim Ahmed…

July 2025: The 10 African Nations Facing Soaring Diesel Costs

Diesel fuel stands as the backbone of logistical operations and heavy-duty industries across Africa. Unlike gasoline, which is often associated with personal vehicles, diesel plays a crucial role in powering farm equipment, trucks, buses, and even electrical generators in regions where the power grid is unreliable. This importance means that fluctuations in diesel prices reverberate across the continent, significantly impacting supply chains, food prices, and overall economic activity.…

Liberian Government States No Petition Received for U.S. Deportees

The Liberian government has firmly stated that it has not received any formal request to accept illegal migrants from the United States. This declaration follows widespread public unease stirred by media reports indicating that five African leaders who visited the White House on July 9 were allegedly approached by the administration of former President Donald Trump regarding the acceptance of deportees. The implications of this situation are complex, raising numerous questions about the responsibility of nations and the…

Dangote Withdraws Support for Investment in ‘Mafia-Like’ Industry

Dangote's Cautious Approach Towards The Petroleum Sector In a recent discussion led by Aliko Dangote, Nigeria's most affluent billionaire, plans emerged regarding the construction of the country's largest seaport—an ambitious undertaking that promises to elevate his already expansive conglomerate. However, during a visit by members of the Global CEO Africa to the Dangote Petroleum Refinery, Dangote voiced an unexpected reluctance to dive deeper into the petroleum sector. Isn't it interesting how sometimes, the most…

U.S. and Gulf Partners Target ISIS-Somalia Chief in African Terror Assault

Coordinated Sanctions Target ISIS Financing Across Africa Mogadishu (AX) — In a significant show of international cooperation, the United States, alongside six Gulf nations, has implemented coordinated sanctions against three individuals believed to be deeply entrenched in financing and facilitating ISIS operations across Africa. These individuals include Abdiweli Mohamed Yusuf, who has been identified as the longstanding leader of ISIS’s Somali affiliate. The announcement, made on Monday by the Terrorist Financing…

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