Category: African Business
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🇲🇾🌍 Malaysia officially accepted an invitation to become a BRICS partner country, the country’s envoy says
Malaysian Ambassador to Russia, Cheong Loon Lai confirmed to Russian media that Malaysia received an official invitation in mid-November and responded positively to Moscow, the current BRICS chair. 👉 This follows a recent BRICS summit in Kazan, where Russian President Vladimir Putin announced that a list of prospective partner countries had been agreed upon, although…
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Algeria Reportedly Orders Russia’s Su-57 Stealth Fighter Jets Amid Regional Arms Race
Algeria has reportedly become the first African nation to express serious interest in acquiring Russia’s advanced Su-57 stealth fighter jets, signaling a potential escalation in the ongoing arms race with its neighbor, Morocco. While Russia’s arms export agency, Rosoboronexport, has confirmed that an international client has ordered the jets, the buyer’s identity remains undisclosed. However, multiple…
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🇭🇹🇰🇪 Kenyan police in Haiti submit resignations over pay delays
Nearly 20 of the roughly 400 Kenyan police officers serving in Haiti on a U.N.-backed anti-gang force have submitted letters of resignation from the mission over the past two months because of pay delays and poor conditions. The officers have received no response to their letters and continue to serve on the Multinational Security Support…
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🇺🇸🇲🇽Trump win spurs cartels to command bigger fees to smuggle migrants across US border
It now costs more to hire drug cartels and human smugglers along the southern border following the victory of President-elect Donald Trump. The price hike is due to increased demand and perhaps increased risk as illegal aliens realize the clock is running out on the easy access that they had under the Biden-Harris regime. Sources…
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Cybersecurity Breach at Uganda’s Central Bank: $17 Million Stolen, Probe Ordered
Uganda is in the spotlight following a major cybersecurity breach at the Bank of Uganda (BoU), with reports claiming that hackers siphoned off 62 billion Ugandan shillings (approximately $17 million). The government has ordered an investigation into the attack, which has sparked concerns about financial security in Uganda and across Africa. The Hack: What We…
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Ebola Vaccination Campaign Launches in Sierra Leone
In a significant step to strengthen its healthcare system against future outbreaks, Sierra Leone has begun a nationwide Ebola vaccination campaign, marking the first of its kind in the country’s history. This initiative aims to protect healthcare workers and other frontline personnel who are most vulnerable to Ebola exposure. The campaign follows years of preparation…
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🇲🇬Madagascar Faces Mobile Money Crisis Amid Tax Controversy
The mobile money sector in Madagascar is at a critical juncture following debates over a new proposed tax bill that many experts, businesses, and stakeholders are labeling as inefficient and dangerous for the country’s growing digital economy. Mobile money services are a lifeline for millions of Malagasy citizens, providing financial inclusion in a country where…
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Zambia and Zimbabwe plunge into darkness after simultaneous power blackouts
Zambia and Zimbabwe experienced simultaneous nationwide power blackouts on the evening of Sunday, November 24, following a disturbance believed to be caused by a surge in power lines connecting the two countries to South Africa’s power utility, Eskom. The outages began at 8:15 PM CAT in Zambia and 8:25 PM CAT in Zimbabwe, according to…
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Special Report: The Future of Technology Innovation in Africa—A Focus on Kenya
As the world races to adapt to the rapidly evolving digital economy, Africa stands at a crossroads, with technological innovation emerging as a crucial avenue for solving pressing challenges, including job creation. In East Africa, Kenya has positioned itself as a leader, particularly in its capital, Nairobi, which is rapidly becoming the region’s tech hub.…
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🇪🇹 Addis Ababa airport could be the world’s biggest
Ethiopia is building a massive new airport which is projected to become Africa’s largest and one of the busiest in the world. The £5 billion project, named “Mega Airport City,” will be located near Bishoftu in central Ethiopia, about 25 miles from the capital, Addis Ababa. The airport is expected to welcome up to 110…
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