Category: African Business
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🇳🇬 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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🇬🇲 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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🇨🇮 French Troop Withdrawal from Côte d’Ivoire: Local Businesses Brace for Economic Impact
The impending withdrawal of French troops from Côte d’Ivoire has sparked significant concern among local business owners, particularly those in Port-Bouët, 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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Don’t Let Market Noise Shake You: Michael Saylor’s 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 Bitcoin’s astronomical potential lies not in panicking…
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Air France Losing Market Share in Africa: A Looming Revenue Crisis
Africa, a continent of rapid economic growth and an emerging middle class, has long been a lucrative market for global airlines. Air France, with its extensive network connecting African capitals to Europe and beyond, has traditionally enjoyed a dominant position in the region. However, recent trends suggest that this dominance is waning, posing a serious…
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Mineral wars: global conflicts fueled by West’s search for rare resources – Part 1 & Part 2
The coming years are shaping up to exacerbate the global geoeconomics and military competition for the world’s mineral resources, with President Trump openly eyeing 12 million sq km of territory containing untold riches. Here are the conflicts, present and future, to watch out for👇 ➡️ Ukraine 🌏 The US “cannot afford” to let Moscow achieve…
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The TikTok Ban Would Be Social Media’s First Extinction-Level Event: What It Means for Dropshipping, E-commerce, and Net Neutrality
In recent years, TikTok has become one of the world’s most influential social media platforms, shaping consumer trends, advertising strategies, and the future of e-commerce. However, growing discussions in the United States about banning TikTok due to national security concerns could trigger what some are calling social media’s first “extinction-level event.” Such a move would…
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🇧🇷 Illegal Gold Mining in Brazil’s Amazon: A Crisis for the Munduruku People and the Environment
In the heart of Brazil’s Amazon rainforest, the Munduruku people find themselves at the center of a crisis that threatens their environment, culture, and unity. As gold prices soar to record highs, illegal gold mining has surged across the region, pitting members of the indigenous Munduruku community against one another and leaving a trail of…
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🇧🇯 Beninese army suffers ‘hard blow’ in border attack
Benin forces have suffered heavy losses in an attack near the border with insurgency-hit Niger and Burkina Faso, authorities have said. Colonel Faizou Gomina, the national guard’s chief of staff, said one of Benin’s most well-equipped military positions had been hit in the north on Wednesday evening. “We’ve been dealt a very hard blow,” Col…
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