Category: International Business & Finance
-
The Great War of Africa: A Forgotten Tragedy That Shaped a Continent
World leaders are currently focused on preventing a full-scale war between Israel and Hezbollah, but there is another conflict, far more devastating and often overlooked, that demands urgent attention. This is not a new crisis but a haunting repeat of a war that engulfed the Democratic Republic of the Congo (DRC), Rwanda, and Uganda from…
-
US declares interest in developing African mining sector
CAPE TOWN, SOUTH AFRICA — The administration of U.S. President Donald Trump is interested in developing the mining sector in Africa. On the first day of his second term, Trump signed an executive order focusing on minerals, mineral extraction, and mineral processing. “Mainly in the United States but if you read closely there are also…
-
🇳🇦 Sam Nujoma: The Architect of Namibian Freedom
Sam Nujoma, the founding father of Namibia, passed away at 95, leaving behind a legacy of resilience and leadership. Known as the Father of the Nation, Nujoma led the South West Africa People’s Organization (SWAPO) in a decades-long struggle against South African apartheid rule. His tireless efforts culminated in Namibia’s independence in 1990, marking a…
-
🇬🇭 Ghana bans first-class travel for government officials
Ghana’s President John Mahama has announced a ban on state-funded first-class travel for government officials, including cabinet ministers, as part of measures to reduce government spending. The directive was issued on Friday, February 7, during the swearing-in ceremony of 17 new ministers at the presidential palace in Accra. President Mahama emphasized that only essential travel…
-
🇨🇮 French Troop Withdrawal from Côte d’Ivoire: Local Businesses Brace for Economic Impact
The impending withdrawal of French troops from Côte d’Ivoire has sparked significant concern among local business owners, particularly those in Port-Bouët, a suburb of Abidjan. These entrepreneurs have long depended on the patronage of approximately 600 French soldiers stationed at the 43rd Marine Infantry Battalion (BIMA) camp. The departure of these troops, scheduled for the…
-
Chinese Miners Released Despite Operating Illegally in the DRC, Sparking Outrage
On December 24, 2024, the Congolese government released 14 of the 17 Chinese nationals arrested the previous week for operating an illegal gold mine in Karhembo, South Kivu Province. The arrests had followed an unannounced raid by local authorities on the unlicensed mining operation. The released individuals are now en route back to China, while…
-
French Corruption Investigation Sends Shockwaves Through Ivory Coast’s Elite
In a revelation that has sent ripples through Abidjan’s political and business circles, a French magistrate has been quietly investigating a network of alleged corruption and money laundering tied to prominent figures in Ivory Coast’s elite. The inquiry, which targets suspected “corruption of foreign public officials” and “money laundering,” implicates several high-ranking officials and business…
-
African Fashion Industry Sees Rapid Growth: A New Era of Global Influence
The African fashion industry is on a remarkable growth trajectory, projected to reach a staggering $70.58 billion by 2024. This expansion is fueled by an annual growth rate of 5.16% until 2028, marking a significant shift in the global fashion landscape. This surge in the African fashion sector is largely driven by the growing international…
-
Big Barrels: African Oil and Gas and the Quest for Prosperity
Big Barrels takes aim at the perception that in Africa oil and gas can do no good. For decades, resource wealth in Sub-Saharan Africa has been synonymous with corruption and dysfunction. The reality is far more complex and generally more encouraging. In a series of eight case studies Big Barrels looks at what African nations…