Category: African Business
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The Declassification of MLK Assassination Files: A Turning Point for Pan-African Reflection
On January 23, 2025, President Donald Trump signed an executive order mandating the declassification of all remaining government records related to the assassinations of President John F. Kennedy, Senator Robert F. Kennedy, and civil rights leader Reverend Dr. Martin Luther King Jr. This move aims to provide transparency and address longstanding public interest in these…
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๐ฒ๐ฟ Mozambique’s Political Shift: Daniel Chapo Set to Lead Frelimo
Daniel Chapo Set to Cement Leadership as Frelimo President Amidst Turbulent Times In a pivotal moment for Mozambique, President Daniel Chapo is set to be confirmed as the President of the ruling Frelimo Party on February 14. This development follows his recent inauguration as the countryโs fifth president, a ceremony marked by widespread protests and…
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The Rise of Memecoins in Africa: Opportunities, Risks, and Market Potential Through 2030
The year 2024 witnessed an unprecedented surge in the popularity of memecoins, with their combined market capitalization surpassing $130 billion. These cryptocurrencies, often inspired by internet memes and cultural references, have captivated investors worldwide. In Africa, the memecoin phenomenon has gained significant traction, leading to the emergence of region-specific tokens that resonate with local communities.…
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DGSE Bank Formation: A Game Changer for Sahel States and West Africa’s Banking Industry
Mali, Niger, and Burkina Faso have recently announced the formation of a common bank, marking a significant development in the financial landscape of the Sahel region. This initiative is part of a broader strategy to strengthen economic ties and enhance financial autonomy among these nations. Implications for West Africa The establishment of this joint bank…
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๐ฟ๐ฆ ArcelorMittal shutdown: worry about socio-economic catastrophe
There are concerns that ArcelorMittalโs decision to shut down its long steel business will lead to a socio-economic catastrophe. While government is said to have done nothing about the reasons for the shutdown, the department of trade, industry and competition says it still wants to prevent the shutdown. ArcelorMittal South Africa (AMSA) made a final…
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๐ณ๐ฌ Nigeria: Benue Firm Plans Trust Fund for Young Entrepreneurs
Benue State Investment and Property Company Limited (BIPC) will soon establish the BIPC Trust Fund to provide financial support and resources for young entrepreneurs. The managing director of BIPC, Raymond Asemakaha, made the disclosure on Saturday during a virtual town hall meeting tagged “Advancing Economic Development in Benue State: Our Recent Achievements and the Future…
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๐ฌ๐ฒ Gambia: Global Hardwood Demand Cuts Deep Into the Gambia’s Revenue
Laws and policies against illicit logging exist, but sustainable solutions should also consider the many benefits of ecotourism. Illegal logging in Africa costs the continent up to US$17 billion annually. A high global demand for African hardwood fuels this environmental crime. By value and by volume, rosewood is the most trafficked wildlife product worldwide. Africa’s…
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๐จ๐ฎ French Troop Withdrawal from Cรดte d’Ivoire: Local Businesses Brace for Economic Impact
The impending withdrawal of French troops from Cรดte d’Ivoire has sparked significant concern among local business owners, particularly those in Port-Bouรซt, a suburb of Abidjan. These entrepreneurs have long depended on the patronage of approximately 600 French soldiers stationed at the 43rd Marine Infantry Battalion (BIMA) camp. The departure of these troops, scheduled for the…
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U.S. House Passes Bill to Sanction International Criminal Court: What It Means and How It Happened
Tags: In early January 2025, the U.S. House of Representatives passed the “Illegitimate Court Counteraction Act,” a bill imposing sanctions on individuals involved with the International Criminal Court (ICC) who investigate, arrest, detain, or prosecute U.S. citizens or officials from allied nations, notably Israel. This legislative move came in direct response to the ICC’s application…
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Donโt Let Market Noise Shake You: Michael Saylorโs Case for Holding Bitcoin Through the Chaos
In the ever-volatile world of cryptocurrency, the Bitcoin market remains one of the most unpredictable and anxiety-inducing spaces for investors. Prices can swing dramatically within hours, sparking panic among those unprepared for the emotional rollercoaster. Yet, according to Michael Saylor, executive chairman of MicroStrategy, the key to unlocking Bitcoinโs astronomical potential lies not in panicking…
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