A longstanding oil squabble between Kenya and Uganda has been squashed! After decades of relying on Kenyan middlemen for their oil, Uganda’s state-owned oil company, UNOC, can now import directly through Mombasa port. This agreement ends months of simmering tensions that even saw Uganda explore using Tanzania’s port facilities instead. The good news doesn’t stop […]
Nigeria’s central bank just delivered a knockout punch to inflation, unleashing a surprise 20% interest rate hike. This aggressive move marks the second major rate increase since Governor Cardoso took the reins last September, and it underscores the urgency of the situation. Nigeria is facing a brutal inflationary beast – prices are skyrocketing at over […]
Contemporary central bankers confront a myriad of challenges to safeguard their autonomy. The clamor for interest-rate reductions, though premature, is mounting, especially with half the globe poised to cast their votes this year. Simultaneously, the specter of political meddling in banking decisions and personnel appointments looms larger. It’s imperative for both governments and central bankers […]
The stethoscopes may have been silent, but the AMCE African Health Forum 2024 was a resounding success. This electrifying event in Abuja brought together the rock stars of the medical world – leaders, policymakers, and practitioners – all with the same mission: to heal the healthcare landscape across Africa. The forum crackled with energy from […]
Ghana’s economy is finally inching upwards after a brutal downturn, the worst in a generation. It’s like a climber slowly pulling themselves up a steep rock face – progress is being made, but the summit is still a ways off. The good news: growth is returning, driven by strong performances in agriculture and services. Farmers […]
Imagine a continent where a single flick of a switch could plunge millions into darkness, not literally, but digitally. This is the unnerving reality facing Africa, where recent disruptions to undersea cables – the invisible arteries of the internet – have exposed a critical vulnerability. These outages, the latest following on the heels of similar […]
Tanzania is gearing up for a big year, and its budget reflects that. The government just proposed a hefty Tsh49.34 trillion ($19.35 billion) spending plan for the 2024/2025 fiscal year, a significant 11% jump from the previous year. This fiscal fiesta is being fueled by two major events: upcoming elections and the prestigious 2027 Africa […]
The specter of a migrant wave loomed large over the European Union this week, prompting a strategic $8 billion handshake with Egypt. This hefty aid package wasn’t just about charity; it was a calculated move to bolster Egypt’s defenses against a potential surge of migrants fleeing war and instability in neighboring countries. For Egypt, this […]
Get ready for a digital revolution powered by hot rocks! Kenya just joined forces with the UAE to build something groundbreaking: the world’s first data center fueled by geothermal energy. Imagine storing all your data without harming the environment – that’s the future Kenya is stepping into. This isn’t just about fancy tech; it’s a […]
Ghana is awash in athletic glory as it hosts the African Games. But a shadow hangs over the festivities – a hefty price tag amidst economic woes. The nation shelled out a whopping $250 million, raising eyebrows. Critics call it a reckless splurge for a country grappling with debt, inflation, and a rising cost of […]
