Category: African Business
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Lightspark CEO David Marcus: Lightning Network Will Become the World’s ‘Interoperability Neutral Settlement Layer’
David Marcus, CEO of Lightspark, a company that offers lightning network (LN) related services, has stated that LN will become the “interoperability neutral settlement layer” for the world. Marcus declared that only Bitcoin is “neutral enough” to be implemented as the enabler between national payment systems, granting companies and institutions adopting it an edge for…
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Islamic State media branch releases propaganda video as a summary of operations in the last 21 weeks in Africa in particular in their 5 active provinces.
➡️ Wilayah as-Sahel (🇲🇱Mali, 🇧🇫Burkina Faso and 🇳🇪Niger) — 25 operations in this branch which consists of 6% of the total number of operations in Africa, with 187 enemy casualties. ➡️ Wilayah Gharb Ifriqiyaa (🇳🇬Nigeria, 🇨🇲Cameroon and 🇹🇩Chad) — 232 operations in this branch which consists of 56% of the total number of operations in…
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🇳🇬 Nigeria cracks down on illegal lithium mining with dozens of arrests
Nigeria’s government is cracking down on illegal mining, making dozens of arrests since April for unlicensed miners allegedly stealing lithium, a critical mineral used in batteries for electric vehicles, smartphones, and power systems. The crackdown comes as Nigeria seeks to regulate its mining operations, curb illegal activity, and better benefit from its mineral resources. The…
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Egypt jails former presidential hopeful for one year with labour
🇪🇬 An Egyptian court sentenced former presidential hopeful Ahmed Tantawy on Monday to one year in prison with labour on charges of forging election documents, and barred him from standing in elections for the next five years, his lawyer Khaled Ali said. Tantawy was the most prominent politician to challenge President Abdel Fattah al-Sisi as…
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Hydrogen from Tunisia Could Power Europe
TE H2, a joint venture of France’s TotalEnergies (holding an 80% stake) and Luxembourg’s EREN Groupe (holding 20%), along with Austria’s Verbund AG, are exploring the production of green hydrogen in Tunisia for export to Europe via a pipeline, according to a statement from Total. The project, named H2 Notos, saw a memorandum of understanding…
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Zimbabwe says 60% of it’s population needs Food Aid until March
Zimbabwe said 9 million people — more than half of its population — will need food aid until March after the El Niño weather phenomenon resulted in a drought that decimated the nation’s corn crop, a staple in the southern African country. That forecast is a 17% increase from its previous prediction of 7.7 million…
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Brewing Trouble: Ethiopian coffee industry faces impact of new EU regulations
🇪🇹🇪🇺 Regulations from the European Union (EU) that aim to stop deforestation globally will go into effect in 2025, with a focus on palm oil and soy as the two main risks to tropical forests. Soon, coffee importers will have to use satellite data to demonstrate that their supply chains do not contribute to deforestation,…
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U.S. Awards Grants to Strengthen Liberia’s Agriculture and Private Sector
The United States, through its Agency for International Development (USAID) Mission in Liberia, on May 22, 2024, signed co-investment grants to improve food crop production, processing, and marketing. These grants are co-investments made with eleven agricultural cooperatives and small and medium-sized enterprises (SMEs) from Bong, Nimba, Montserrado and Grand Bassa counties. This initiative is a…
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Sierra Leone’s Foreign Minister Deepens Bilateral Relations with Russian Federation
During his one-day working visit to Moscow, Russian Federation, Sierra Leone’s Minister of Foreign Affairs and International Cooperation Prof. David J. Francis together with his counterpart Sergey Lavrov, signed a Memorandum of Understanding for a ‘Visa-free Movement’ of holders of both Diplomatic and Service passports to facilitate the movement of people between the two countries.…
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Zimbabwe’s Mukuyu gas field ranked as the second-largest field discovered in sub-Saharan Africa in 2023
The largest gas field discovered in sub-Saharan Africa in 2023 was Namibia’s Jonker-1 field. “Having the Mukuyu discovery independently recognized as one of the largest discoveries in 2023 and acknowledged among several multinationals confirms our confidence in the quality and scale of this new gas field in Sub-Saharan Africa,” said Scott McMillan, Managing Director of…
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𝕋𝕙𝕒𝕟𝕜𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕕𝕒𝕥𝕖 .