Category: African Business
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The Evolution of Hydroelectric Power in Liberia: From Mount Coffee to Today
The history of hydroelectric power in Liberia has been shaped by both ambition and devastation. Central to this story is the Mount Coffee Hydropower Project, which was constructed in the 1960s to supply electricity to much of the country. However, like many aspects of Liberia’s infrastructure, the project’s fate has been deeply affected by the…
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Anthony Nkinzo: The Quiet Power Behind Tshisekedi’s Private Office
As President Félix Tshisekedi enters his second term in the Democratic Republic of Congo (DRC), the spotlight has shifted to Anthony Nkinzo, the president’s newly appointed chief of staff. Despite lacking the political influence traditionally associated with this role, Nkinzo brings a wealth of experience from the business world and has garnered support from influential…
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Youth Unemployment in ECOWAS Countries: Growth, Declines, and Emerging Trends
Youth unemployment is a pressing issue across the Economic Community of West African States (ECOWAS), where populations are expanding rapidly, but job creation has struggled to keep pace. The region faces varying economic realities, with some countries experiencing growth and declines in unemployment, while emerging trends offer both challenges and opportunities for young people. Countries…
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39-Year Old Black Entrepreneur Makes History, Awarded $13.4 Billion Dollar Defense Contract
Meet Isaac Barnes, the young founder and President of Eminent Future, whose Black-owned tech firm has been awarded a $13.4 billion dollar defense contract with the U.S. Airforce and the U.S. Spaceforce. Isaac is a marvel, reminiscent of young Black leaders transcending generations of relevant and personable individuals who have made such an extraordinary mark in…
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Liberia’s Immigration Service Faces Major Drug-Use Challenge Among Applicants
In a recent recruitment drive, the Liberia Immigration Service (LIS) encountered a significant hurdle: over 2,000 out of 9,743 applicants failed mandatory drug tests. The recruitment process, which aimed to fill 500 new positions, revealed that substance abuse remains a serious issue in the country. Applicants had to undergo rigorous vetting, including physical fitness exams,…
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South Africa launches new remote work visa and points-based system to attract talent
The remote work visa is designed to attract high-earning individuals employed abroad to spend in South Africa, benefiting local businesses and services, according to the Department of Home Affairs. Minister of Home Affairs, Leon Schreiber, emphasized that these reforms are designed to position South Africa as a leading destination for investment and tourism, while creating…
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Shootings in Border Areas – Situation on the Lebanese Israeli Border at the End of 5 October 2024
Operation ‘Arrows of the North’ ground phase continues. Over the course of the day, the current configuration of the front has not changed significantly. Both sides continue to exchange strikes and local battles are taking place. The most violent Clashes took place in the areas of Maroun El-Ras, Yaroun and Kafr Kila, where Israeli troops…
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Nigerian Government Announces Plans for 4 New Refineries by South Korean Investors
A South Korean consortium plans to build four 100,000-barrel capacity refineries in Nigeria, according to Heineken Lokpobiri, the country’s Minister of State for Petroleum Resources. Speaking at the Crude Oil Refineries Owners Association of Nigeria summit, Lokpobiri revealed the government’s approval to invite the investors and emphasized its commitment to fostering a conducive environment for…
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The Path of an African Fashion Designer in an Untapped Market: Pioneering a Creative Legacy
Investing in a country that lacks a creative platform can feel like venturing into uncharted territory—challenging yet brimming with untold potential. As an African fashion designer, building a brand in such an environment requires not just talent, but a vision that sees beyond the limitations and deeply understands the soul of a people. It’s about…
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Burkina Faso’s nuclear partners also propose a renewable energy deal
In March Burkina Faso and Russia, through its state-owned energy company, Rosatom, spoke about establishing a nuclear project in the West African country. Very recently, both parties opened dialogue on the prospect of a renewable energy deal. This new proposal came on the heels of the 3 day forum concerning Russia’s partnership with Burkina Faso.…
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