Category: African Business
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๐ฌ๐ณ Guinea Trades Minerals for Military Vehicles Amidst Rising Security Concerns
Guinea’s military government has struck a controversial deal with the UAE-based Streit Group, trading its valuable mineral resources for dozens of armored vehicles in a contract worth approximately $156 million. This strategic move, announced in June 2023, highlights the growing financial strain on the West African nation, as well as the increasing security challenges it…
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๐ฐ๐ช High Court in Kenya has suspended Bill Gatesโs immunity
The High Court in Kenya has suspended Bill Gatesโs immunity from prosecution. The World Health Organization is largely funded by Bill Gates and the Bill and Melinda Gates Foundation, who helped coin the term “decade of vaccines”. Much of his global health work is done through the WHO. In 2024, Dr Wahome talked to Ugandaโs…
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The Corporatization of Marijuana: From Entertainers to Politicians, Immigration, and the Global Agricultural Industry
The global marijuana industry has undergone a seismic shift in recent years, evolving from a counterculture movement to a lucrative corporate venture. As legalization sweeps across the United States and beyond, the involvement of entertainers, politicians, and multinational corporations has transformed cannabis into a global commodity. However, this corporatization brings significant implications, including its ties…
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Spanish man heading home after Mali kidnapping ordeal
BOUFARIK – A Spanish man kidnapped by an armed group in the turbulent Algeria-Mali border region was heading home on Wednesday as Madrid confirmed his liberation. The Spaniard arrived at the Boufarik military base south of Algiers on a flight from Algeria’s southernmost Tin Zaoutine commune, the Algerian defence ministry said on Tuesday. He was…
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The Impact of Donald Trumpโs Executive Orders on Africa: A Closer Look
Donald Trump’s presidency began with a series of executive orders that carried far-reaching implications, not only for the United States but also for Africa. These policies spanned critical areas such as trade, energy, climate, and immigration. Analysts have highlighted the potential negative impact these decisions could have on African nations, with several policies directly affecting…
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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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