Category: African Business
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CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump
CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump CNBC has discussed the idea of the U.S. potentially holding Bitcoin as a reserve currency, particularly under Donald Trump’s leadership. Trump, who previously called Bitcoin a “scam,” has recently softened his stance, noting its growing usage and substantial…
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AU unveils AI strategy to safeguard culture and boost development on the continent
The Executive Council of the African Union Commission approved an AI Strategy and Digital Compact for Africa during its 45th Ordinary Session in Accra, Ghana. The strategy aims to utilize AI to safeguard African identity, culture, and dignity, promote socio-economic development, and prevent unethical use. AU Commissioner for Infrastructure, Energy, and Digitization, Amani Abou-Zeid, told…
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Nigeria’s Dangote refinery in talks with Libya to secure oil
Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
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Zimbabwe Farmers Struggle Against Illegal Mining and Climate Change
Small holder farmers in rural Gwanda, a region in Zimbabwe that borders South Africa, have been affected by a double shock β a combination of heat, droughts and floods caused by climate change, and water contamination and damaged land caused by illegal, small-scale mining. Droughts in Gwanda have significantly affected rural farmers and increased over…
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The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations
The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations in the province also directed companies and operators to vacate the mining sites. Governor Jean-Jacques Purusi Sadiki stated that the suspension, effective until further notice, was due to “disorder caused by the mining operators,” though he did not provide additional…
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Kenya’s national airline reports issues with booking system due to global technical glitch
Nairobi, Kenya β July 20, 2024 Kenya Airways, the national airline, has announced significant disruptions in its booking system, attributing the issues to a global technical glitch affecting airlines worldwide. The glitch, which began in the early hours of July 19, has caused widespread inconvenience for passengers attempting to book, modify, or check-in for flights.…
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“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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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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