Category: African Business
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BRICS has the potential to challenge the current “archaic” global financial architecture, says Ethiopian Foreign Ministry Spokesperson
Speaking on the benefits of BRICS membership for African countries, including Ethiopia, which joined the bloc in January, Ambassador Nebiyu Tedla emphasized that engagement with BRICS should focus on advancing African countries’ own development agendas. “It is crucial for the African countries to ensure that any engagement with BRICS is aligned with their long-term economic…
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South Africa Games Revenue Hit $360 Million in 2024
In a recent African Games Industry report, it was announced that consumer spending in South Africa reached $360 million in 2024. The biggest market in South Africa, with 26 million gamers, is made up of mobile gaming, followed by PC gamers (7.2 million) and console gamers (6.3 million). Previously, from 2017 to 2019, gaming revenue…
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Burkina Faso to withdraw mining permits granted to companies from countries that refuse to sell military equipment to the country
The announcement was made by the country’s leader, Captain Ibrahim Traore, during an address to the nation. “Some [powers] have refused to sell us [military] equipment, have blocked the equipment we have bought from certain countries because they have the license for certain components,” President Traore said, adding that “these powers mine minerals in Burkina…
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Zimbabwe launches long-awaited hearings for Gukurahundi massacre reconciliation
This initiative, launched by President Emmerson Mnangagwa, aims to address the lingering pain and grievances stemming from the brutal killings of tens of thousands of civilians by government troops in the 1980s. The process will involve a series of hearings where survivors will share their experiences and their opinion on how they want the Gukurahundi…
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Ethiopia makes strides in clean water access, reaching nearly 70% coverage
This was announced by the minister of water and energy during a review of his ministry’s performance in the past fiscal year and plans for the current budget year. The minister highlighted the successful implementation of various initiatives, particularly in water management, drinking water and sanitation, and energy development. “This year, over 4 million people…
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Siberian farmers plan to supply grain to Africa
“Last year, we launched this mechanism and are exploring new markets in Latin America. Our Siberian grain is now being sent there on a regular basis. Moreover, we have already started setting up flour production there. And we are not stopping. Africa is next in line. This is alongside our traditional markets, [which are also…
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Senegalese President is “horrified” by the “heinous” attempt to kill Trump
π¬ “The universal democratic values and freedom of choice of the American people must not be silenced,” Bassirou Diomaye Faye wrote on X.
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Earth Directed Solar Flares and Multiple Radio Blackouts from Big Sunspots AR3738
Big Sunspot AR3738 Unleashed 5 M-Class Solar Flares. The strongest event of the period was an M5.3 flare (R2-Moderate) 13/12: 42 UTC. Associated with the event was a Type II radio sweep (est. 297 km/s), however, no discernable CMEs were observed in subsequent coronagraph imagery. At 13/23:01 UTC, Region 3738 also produced an impulsive M5.0-class…
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Sun Fires Off a Major X-Class Solar Flare
Sunspot AR3738 erupted on July 14th (0235 UT), producing an X1.2-class solar flare. So far, no CMEs have been detected in available coronagraph imagery. The explosion might not have lasted long enough to lift a CME out of the sun’s atmosphere. The region became very active the past 24 hours with multiple M-Flares detected leading…
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Niger and Chad reportedly relaunch the Niger-Chad-Cameroon pipeline project and renew the gasoil supply contract
A Chadian delegation led by the Minister of Oil, Mines and Geology, Ndolenodji Alixe Naimbaye, has been on a working visit to Niger since Wednesday, media reported. This visit aims to relaunch the Niger-Chad-Cameroon pipeline project and renew the gasoil supply contract in Chad. The pipeline relaunch allows crude oil to be exported from Niger…
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