Category: African Business
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๐ช๐ฌ Liberia, Egypt Explore Direct Flights
MONTREAL, CANADA โ The Liberia Civil Aviation Authority (LCAA) has opened discussions with senior Egyptian aviation officials on expanding air connectivity and strengthening bilateral cooperation in the aviation sector. The talks, held on the sidelines of the 42nd International Civil Aviation Organization (ICAO) General Assembly in Montreal, brought together LCAA representatives, Egyptโs Minister of Aviation,…
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Lamborghinis and Luxury Boats: The $116 Million Looting of a South African Hospital
In a staggering case of corruption that has shocked South Africa, criminal syndicates looted over 2 billion rand (approximately $116 million) from the Tembisa Hospital, spending the stolen public funds on a fleet of luxury cars, including multiple Lamborghinis, a Bentley, and high-end properties. The interim report from the country’s Special Investigating Unit (SIU) reveals…
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๐ฑ๐ท Liberia Court Orders Arrest of Former Ministers Over Missing 53-Carat Diamond
In a landmark ruling, Liberia’s Supreme Court has cleared the way for the arrest of several high-profile former government officials, accused of orchestrating the illegal seizure and sale of a massive 53.34-carat diamond. Supreme Court Clears Path for Arrest The Supreme Court of Liberia has lifted a stay order that had temporarily halted legal proceedings,…
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๐ง๐ผ Botswana Nears Historic Deal for Majority Stake in De Beers
In a move that could dramatically reshape the global diamond industry, Botswana is pushing to finalize a deal to acquire a majority stake in the legendary gem company, De Beers, by the end of next month. This potential acquisition represents a seismic shift for the southern African nation, which has been the primary source of…
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West Africa in Transition: Regional Diplomacy Intensifies Amid Security Challenges
In a remarkable week of diplomatic activity across West Africa, multiple heads of state and foreign ministers have engaged in a flurry of bilateral visits, reflecting both the profound challenges and emerging opportunities facing the region. From Liberia’s strategic overtures to Burkina Faso to Sierra Leone’s bridge-building mission and Ivory Coast’s security concerns, these developments…
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Where Millionaires in Africa Reside
Where Africaโs Millionaire Population ResidesBelow, we show the number of millionaires in Africa. Countries such as Tunisia and DRC are not included due to insufficient data. Country Number of Millionaires(USD $1M+) Number of Centimillionaires(USD $100M+) Millionaire Growth2015-2025๐ฟ๐ฆ South Africa 41.1K 112 -6%๐ช๐ฌ Egypt 14.8K 49 -15%๐ฒ๐ฆ Morocco 7.5K 35 40%๐ณ๐ฌ Nigeria 7.2K 20 -47%๐ฐ๐ช Kenya…
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๐จ๐ฎ Uber’s Exit from Ivory Coast: Reshaping Abidjan’s Ride-Hailing Landscape
Uber’s Surprise Departure from West African Market In a move that surprised both users and industry observers, Uber officially ceased operations in Cรดte d’Ivoire on September 24, 2025, marking the complete withdrawal of the ride-hailing giant from its first African market after six years of operation. The company, which had launched in Abidjan in December…
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The True Origins of Pan-Africanism: A Legacy of Liberation, Not Myth
In an era of misinformation, a recent propaganda piece has attempted to tarnish the Pan-African movement by falsely claiming its name derives from the Greek god Pan. This could not be further from the truth. This article breaks down the true, powerful origins of the Pan-African movement and the visionary leaders who shaped its destiny.…
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๐ฒ๐ผMalawi: Kula Gold plans a first drilling program for the Wozi niobium deposit
Niobium is a metal in demand in metallurgy, electronics, and aerospace industries due to its corrosion resistance. 90% of its production comes from Brazil, but new projects are emerging in Africa. Australian company Kula Gold plans to start drilling at its Wozi niobium project in Malawi in November 2025 after obtaining an exploration license. Preliminary…
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๐ฒ๐บ Corporate Council on Africa Announces the Republic of Mauritius as Host of 2026 U.S.-Africa Business Summit
Washington, DCโ The Corporate Council on Africa (CCA) and the Government of the Republic of Mauritius have the honor to announce that the Republic of Mauritius will host the 18th U.S.-Africa Business Summit in 2026. A Memorandum of Agreement (MOA) was signed today on the sidelines of the United Nations General Assembly in New York…
Recent Posts
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- Three West African juntas have turned to Russia. Now the US wants to engage them
- A Poisoned River: How Bea Mountainโs Repeated Chemical Spills Are Uprooting Liberian Villages
- ๐ฑ๐ท Liberia’s Concession Dilemma: A Boon for Corporations or a Path to National Prosperity?
- To the Global Pan-African Community
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