Category: International Business & Finance
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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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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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South African President cleared in $580K couch cash case after 2-year probe
South African President Cyril Ramaphosa won’t face criminal charges over a hidden cash scandal that was revealed more than two years ago and led to an investigation by a special police unit, prosecutors said Thursday. A former national security chief laid a criminal complaint against Ramaphosa in June 2022, accusing him of kidnapping, bribery and…
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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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DR Congo, Ethiopia, Kenya, Benin, Gambia elected to Human Rights Council
The Democratic Republic of Congo is among 15 countries elected to the Human Rights Council on Wednesday, despite objections by the country’s opposition. Benin, Gambia, Kenya and Ethiopia are the other African countries elected to the Council. The five countries will serve for three years, starting on January 1, 2025. At the assembly, there was…
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Zimbabwe government to pay civil servants in US dollars due to devaluation of the ZiG
The government of Zimbabwe, in an attempt to mitigate the impact of the recent devaluation of the ZiG, has announced that salary raises and an annual bonus for civil servants in the country will be paid in US dollars. According to the Minister of Public Service, Labour, and Social Welfare, July Moyo, the move by…
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Zambia’s Copper Wealth: The Exploitation by Multinational Giant Glencore
Zambia, a landlocked country nestled in the heart of Africa, is home to one of the world’s largest copper reserves. Known as “the Copperbelt,” the region has historically attracted international attention for its rich mineral resources, positioning Zambia as a crucial player in the global copper market. However, beneath the surface of this wealth lies…
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