Fuel subsidy has always been a reoccurring topic of discussion in Nigeria, Africa’s largest economy. And every reason for its discussion oscillates between its expensive cost or plans for total removal. As before, this topical issue has stirred up reactions from Nigerians recently, following the government’s announcement of an $800 million loan from the World
On a macro scale, we all remember 2022 for different events, depending on which impacted us the most. Geopolitics enthusiasts won’t forget the Russia-Ukraine war, and football lovers won’t forget the world cup. It’s the same way in tech: everyone remembers 2022 as tech winter when capital markets became more cautious with funding, and we
Is Sudan on the brink of another civil war? On Saturday, April 15th, a clash broke out in Khartoum between Sudan’s paramilitary Rapid Support Forces (RSF) and the army in an alleged power tussle. According to Reuters, the Sudanese Doctors’ Union declared at least 25 people dead and 183 people wounded, as of Saturday. Earlier
According to ifc.org, Africa’s travel and tourism sector employed more than 24 million people in 2019. However, COVID-19 created an unprecedented crisis for the tourism industry in Africa and around the world, crushing the supporting sectors that depend on tourism for revenue. According to the African Union, the pandemic cost the continent’s tourism industry over $55
Nigerian business aviation firm, Falcon Aerospace Ltd, has unveiled innovations designed to ease business jet booking and make access to the service more inclusive. The firm introduced the products at a recent event in Lagos, Nigeria, where it unveiled its operational business units. According to CEO, Chukwuerika Achum, Falcon Aerospace’s business model derives from the
Itohan Iyoha, a 45-year-old teacher, was among the millions of Nigerians who thronged the streets to celebrate the victory of Muhammadu Buhari in 2015, when he was declared the winner of the presidential election. Little did she realise that eight years later, her N60,000 salary would no longer take her home. “It was quite challenging
Netflix has been making headlines recently with its plans to expand across Africa. The streaming giant recently released its socio-economic report, showing how well it has done since making its way to sub-Saharan Africa in 2016. According to the report, the company invested a total of $175 million in South Africa, Nigeria, and Kenya from
Payday, the leading Pan-African neobank issuing global (USD, GBP & EUR) accounts to Africans, has announced its re-entry into Rwanda, following the official launch of SpaceX’s Starlink in the East African country. The re-entry into Rwanda marks a significant milestone in Payday’s Pan-African and global expansion plans, as well as its burgeoning working relationship as
AFEX, a leading commodities market player, announces the expansion of its annual Code Cash Crop into Kenya and unveils “Scaling Market-Led Solutions”, as the theme for the event which is set to hold in August 2023. The firm is also now accepting applications from talents in Kenya for the Ag-hackathon component of the event. Code
WAGMI. Barely two years ago, this was one of the most popular social media slang. The term, which means We’re All Gonna Make It, was a bold declaration that crypto would enrich everyone who actively participates. Everyone who didn’t believe in this dream was supposedly NGMI (Not Gonna Make It). Predictably, Africa was not left