Category: African Business
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Bank of Ghana Declares 50 Loan Apps Illegal: What This Means for Fintech in Africa
By: Tekpwfari Stix El| panafrican.email Date: May 31, 2025 — Introduction In a decisive move to regulate the fast-growing digital lending space, the Bank of Ghana (BoG) has declared 50 digital loan apps illegal, citing consumer abuse, data privacy violations, and failure to obtain proper licensing. The announcement has sparked intense public debate on financial…
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Ghana, UAE ink $1bn deal to build Africa’s largest innovation hub
Ghana is set to become a major player in artificial intelligence (AI) and emerging technologies through a landmark partnership with the United Arab Emirates (UAE). The two countries have signed a memorandum of understanding (MoU) to establish the Ghana-UAE Innovations and Technology Hub—a transformative project aimed at accelerating digital transformation and positioning Ghana as a…
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Ngũgĩ wa Thiong’o, East Africa’s Leading Novelist and Social Critic, Dies at 87
He insisted that African literature should be written in African languages to serve as an authentic voice Ngũgĩ wa Thiong’o, the renowned Kenyan author, playwright, and revolutionary thinker whose works redefined African literature and intellectual freedom, has passed away at the age of 87. Widely regarded as East Africa’s most important novelist and one of…
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Afrostar: Africa’s Ambitious Leap into the Crypto Frontier
As the global cryptocurrency landscape evolves, Africa is making its mark with Afrostar (AFRO), a digital currency aiming to unify and empower the continent’s financial ecosystem. Positioned as “The United Digital Currency of Africa,” Afrostar seeks to bridge economic disparities and foster financial inclusion across African nations. What is Afrostar? Afrostar is a cryptocurrency project…
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🇧🇫 Burna Boy’s Proposed Free Concert in Burkina Faso: A Pan-African Vision Deferred
In a bold move to promote African unity and celebrate leadership, Nigerian Afrobeats sensation Burna Boy recently proposed a free concert in Burkina Faso. The initiative aimed to honor President Ibrahim Traoré and foster a sense of pan-African solidarity. However, the Burkinabè government declined the offer, citing national priorities and the need to maintain focus…
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Star and Shield Clothing Expands Operations Across Africa and the U.S.; Unveils $200K Development Strategy
MONROVIA, LIBERIA & LOS ANGELES, CALIFORNIA – May 29, 2025 — Star and Shield Clothing, the parent company of Camarilla Mask™ and 16 Tribes®, is expanding its footprint with strategic developments across Liberia and California, reinforcing its reputation as a rising Afrotropical cultural brand with global ambitions. The company has recently broadened its U.S. retail…
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🇬🇲🇬🇭Gambia tells Ecowas Parliament over 600 at risk of statelessness in Ghana Town
Presenting The Gambia’s report to the Ecowas Parliament 2025 First Ordinary Session in Abuja, Hon. Alhagie S. Darboe, on behalf of the Gambian delegation revealed that approximately 94% of the more than 600 residents are at significant risk of statelessness at a small town called Ghana Town in The Gambia. He opined that this is…
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How to Win Followers and Scamfluence People
Format Boy makes a living teaching Yahoo Boys, notorious West African scammers, how to use AI and deepfake technology to ensnare their next victims. AS SOON AS Format Boy answers the phone, I recognize his booming voice. I’ve spent weeks immersed in the influencer’s back catalog of videos and voice notes. Format Boy isn’t like other…
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🇬🇳 Nimba Iron Ore Project Eyes Ivorian Ports, Raising Questions for Liberia’s Mining Future
Pan-African News Blog The Nimba Development Company (NDC) is currently in advanced discussions with port authorities in Côte d’Ivoire, specifically the ports of Abidjan and San Pedro, to serve as export gateways for its planned iron ore production from the Nimba Mountains. The company aims to export up to 3 million tonnes of iron ore…
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🇱🇷 Liberia’s Aviation Sector Aims to Become Economic Hub With Airport Special Economic Zones
Harbel — The Liberia Airport Authority (LAA), in collaboration with the Liberia Special Economic Zones Authority (LSEZ), has signed a Memorandum of Cooperation (MoC) to establish the nation’s first Airport Special Economic Zones (ASEZ) at Roberts International Airport (RIA). The agreement, signed Thursday at RIA in Margibi County, marks a significant step in the Liberian…
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