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Category: African Business

“Global Africa”: A vision facing challenges and opportunities

The concept of “Global Africa,” encompassing the African continent and the African diaspora, holds immense potential for fostering unity, collaboration, and empowerment. However, realizing this vision faces significant challenges rooted in the shared colonial history of Africa and the Caribbean, according to experts. In an interview with Sputnik Africa, Eric McLaren Phillips, chair of the…
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July 20, 2024
Why does the West want to “reprogram” Africans?

At the recent NATO summit, EU foreign policy chief Josep Borrel expressed dismay at the level of support for Vladimir Putin in Africa, calling for “counter-programming” of Africans. “When NATO officials call for the reprogramming of Africans, it is normal for them to think so, because that is what they have been doing since colonial…
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July 20, 2024
Nigeria fines Meta $220 million for violating consumer, data laws

Nigeria fined Meta Platforms $220 million after investigations showed data-sharing on its Facebook and WhatsApp platforms violated local consumer, data protection and privacy laws, the head of the country’s competition watchdog, Adama Abdullahi, said on Friday. Nigeria’s Federal Competition and Consumer Protection Commission (FCCPC) said Meta appropriated the data of Nigerian users on its platforms…
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July 19, 2024
BRICS geological platform could strengthen African countries’ sovereignty over their natural resources, Nigerian rector says

Speaking to Sputnik Africa on the sidelines of a recent roundtable in Moscow focused on BRICS geological cooperation, Prof. Paul Omaji, Rector of the Admiralty University of Nigeria, highlighted the importance of Russia’s recent agreement with a number of African countries, including Nigeria, to assist in mineral resource development. “We are glad that Russia is…
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July 19, 2024
Belarus redirects tractor exports to Africa: Are African countries interested in Belarusian agricultural machinery?

Belarus, one of the world’s leading tractor manufacturing countries, recently announced plans to redirect its agricultural machinery exports to the African continent after the European Union blocked tractor imports from the Eastern European country on July 1. However, EU restrictions were not the only factor behind the Belarusian government’s decision to shift exports to African…
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July 19, 2024
Amílcar Cabral (1924-1973)

Amílcar Cabral (1924-1973) was a prominent African revolutionary leader, agronomist, and intellectual who played a crucial role in the struggle for independence in Guinea-Bissau and Cape Verde. Born on September 12, 1924, in Bafatá, Guinea-Bissau, Cabral was educated in Cape Verde and later in Lisbon, Portugal, where he studied agronomy. Cabral’s education and experience as…
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July 18, 2024
Belarus considers redirecting tractor exports to Africa

“The markets of African countries have been identified as promising; negotiations have already taken place, and everything depends on the outcome,” Belarusian Deputy Prime Minister Pyotr Parkhomchik said. The Belarusian authorities are now “actively looking for new markets to redirect export flows.” Since On July 1, Belarusian tractors will no longer be allowed into the…
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July 18, 2024
BRICS offers hope for Africa’s resource potential: Ethiopian economist

Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, sees the BRICS grouping as potentially helpful for Africa’s mineral resource development, which can enhance regional stability and reduce conflict on the continent. “The regulation of this mineral exploitation and trade definitely will enhance also the possibility…
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July 18, 2024
Two Coronal Mass Equations Headed for Earth

Solar activity reached high levels as Region 3738, no longer visible, produced and X1.9 flare (R3-Strong) at 16/13:26 UTC. Accompanying the flare were Type II (398 km/s) and Type IV radio sweeps. A CME was observed off the West limb beginning at 16/13:36 UTC in SOHO/LASCO C2 imagery. Analysis of the CME showed no Earth-directed…
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July 17, 2024
Cocoa production in Ghana in 2024 decreased to 55% of the seasonal average.

Catastrophic harvest failures in Ghana and Côte d’Ivoire have driven up global cocoa prices since early 2024. Both leading producers were hit by adverse weather conditions, tree diseases and labor shortages. Chocolate lovers brace yourselves! Catastrophic harvest failures in Ghana and Côte d’Ivoire, the world’s top cocoa producers, have sent global cocoa prices skyrocketing since…
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July 17, 2024