Category: African Business
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Long-awaited Grand Egyptian Museum opens 12 galleries to the public
The much-anticipated Grand Egyptian Museum, housing the world’s largest collection of ancient Egyptian artefacts, has finally partially opened to visitors. A series of galleries have been opened to the public over a decade after construction on the mega-museum got underway. Situated near the famous Giza pyramids, it was initially due to open in 2012, but…
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Kamala Harris Announces Cannabis Legalization Plan
On October 14, 2024, Vice President Kamala Harris unveiled her plan she would enact as president to legalize cannabis on a national level and to help “break down unjust legal barriers that hold Black men,” (1). Harris’s proposed policy intends to establish a National Health Equity Initiative targeted towards African American men, as well as…
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Iran’s Foreign Minister Makes Historic Visit to Egypt After 12 Years
In this photo provided by Egypt’s presidency media office, Egyptian President Abdel-Fattah el-Sissi, right, meets with Iranian Foreign Minister Abbas Araghchi, at the Presidential Palace in Cairo, Egypt, Thursday, Oct.17, 2024. In a significant diplomatic development, Iran’s Foreign Minister has arrived in Cairo, marking the first official visit by a top Iranian diplomat to Egypt…
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Reports that Nigeria has rejected Shell’s $1.3 billion oil asset sale
Nigeria’s oil regulator has rejected Shell’s proposed $1.3 billion sale of its onshore oilfields to Renaissance group because the buyer is not qualified to manage the assets, Lagos-based yesterday newspaper reported on Wednesday. Shell on Jan. 16 announced its exit from Nigeria’s onshore and shallow water operations after agreeing to sell the business to a…
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Beninese anti-activist Kemi Seba arrested in Paris
Beninese activist Kémi Séba was arrested by French police in Paris, according to news reports. He is known for speaking out against France’s strong influence in French-speaking West African countries. It’s unclear why he travelled to France, and there has been no official comment on his arrest yet. Recently, Séba was appointed as an advisor…
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Abuja and Brasília Strengthen Cooperation to Combat Cocaine Trafficking
In a bid to enhance economic and diplomatic ties, Nigeria and Brazil are working toward launching a direct air service between the two nations. However, both governments are also preparing measures to address concerns over potential drug trafficking risks associated with this new route. Direct Air Route Raises Concerns The direct flight between Abuja and…
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Congo cancels licensing round for 27 oil blocks
The Democratic Republic of Congo (DRC) has cancelled a licensing round for 27 oil blocks, originally launched in 2022 to tap into the nation’s oil and gas potential, according to a statement posted on the hydrocarbons ministry’s X account on Monday. The statement dated Oct. 11 cited multiple reasons for the cancellation, including late submissions,…
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Morocco launches anti-dumping investigation into Egyptian steel imports
The Ministry of Industry and Trade has launched an investigation into steel sheet imports from Egypt amid suspicions of dumping after a complaint from Maghreb Steel regarding a questionable increase in Egyptian imports, which it claims adversely affects the national industry. In a notice published on Thursday, October 10, the department stated that it had…
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Kenya’s first nuclear power plant faces opposition from coastal residents
An area has been set aside in Kenya’s southern county of Kilifi for the construction of the country’s first nuclear facility. The project on the coast of the Indian Ocean is expected to be fully operational by 2034. But it has faced fierce opposition. On Friday (Oct. 11), a group of activists and environmentalists took…
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Nigeria, Brazil intensify flight connectivity talks, media report
Discussions started between Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, and the Brazilian Ambassador to Nigeria, Carlos Garcete, to activate the Bilateral Air Services Agreement (BASA) and commence direct flights between Nigeria and Brazil. The talks are a follow-up to a 2018 Memorandum of Understanding between the countries, aimed at boosting air connections…
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