Business

Nigeria Overtakes South africa as the Biggest Economy in Africa

The giant of Africa, 'Nigeria' has overtaken South Africa as the biggest economy in Africa as the latter slid into its second recession in two years, Bloomberg reports. South Africa’s economy slumped into a second recession in consecutive years, contracting...

Top 15 Best Countries To Invest In Africa 2020

Egypt is the best country to invest in Africa according to RMB’s 2020 Where to Invest in Africa report, the big size of the market and a sophisticated business sector relative to other countries made it the most attractive...

Nigeria’s Nosa Ehimwenman is the First Black Man to Head an Airport Project in Chicago

Nigerian-Born Nosa Ehimwenman, the founder of Bowa, one of the Fastest-growing construction companies in Chicago is the first African-American prime contractor to head an airport project in Chicago's history. Nosa Ehimwenman was selected as the primary contractor to construct a...

Ghana’s Cedi Ranked World’s Best Performing currency Against the U.S. Dollar

Ghana’s cedi has emerged as the world’s best-performing currency against the U.S. dollar so far this year, according to a Bloomberg report. The Bloomberg report says the currency extended its advance on Monday ahead of a $3 billion Eurobond sale...

Top 20 Richest People in Africa 2021: Their Age, Business and Net Worth

According to 2021 Forbes ranking, Aliko Dangote of Nigeria is Africa’s richest person (for the 9th year in a row). His net-worth is estimated at $12.1 billion. The second richest in Africa is Egyptian billionaire Nassef Sawiris. He runs OCI,...

Isabel Dos Santos: How Africa’s Richest Woman Stole from her Country to Build an Empire

Luanda Leaks, a new investigation by the International Consortium of Investigative Journalists and 36 media partners, exposes two decades of unscrupulous deals that made dos Santos Africa's wealthiest woman and left oil- and diamond-rich Angola one of the poorest...

World Bank Report: Kenya Leads in Mobile Money Transactions in Sub-Saharan Africa

A new report by World Bank has ranked Kenya as the highest user of Mobile Money Transactions in Sub-Saharan Africa. Image source The World Bank report also indicated that two-thirds of adults worldwide without an account cite lack of money as...

Is Nigeria A Truly Wealthy Nation? See What Economic Facts Say

In 2003, Dangote set out to build his first cement plant with a budget of about $480 million. On completion of the project in 2007, he had borrowed an extra $175 million, built a dam, a gas pipeline (92km...

World Richest Black Man Aliko Dangote Ends 2019 $4.3 Billion Richer

Nigerian business mogul Aliko Dangote consolidated his place as the richest black man in the world, according to Bloomberg, after finishing 2019 with $4.3 billion more in wealth. In the last decade overall, Dangote made almost $15 billion, according to...

Nigeria, Sierra Leone Plan Currency Swap

The Chairman, Economic Community of West African States (ECOWAS) Committee of Governors of Central Banks, Prof. Kelfala Kallon, has disclosed a plan for currency swap between Nigeria and Sierra Leone. Kallon, who is presently the Governor, Bank of Sierra Leone,...

Latest News

Woman in South Africa Gives Birth to 10 Babies, Sets Guinness World Record

A South African mother has given birth to 10 babies in a single delivery, breaking a global record set just last month by a Moroccan woman.

Ande Dem Trainers: Senegalese Street Sellers in Barcelona Take on Nike With Own-brand Trainers

After years of selling knockoff merchandise like designer shoes, handbags etc, Barcelona’s street vendors known as Manteros have set up a co-operative and launched a line of trainers under the brand name Top Manta

Flora Nwapa: This Nigerian Was the First African Woman to Publish a Novel in English Language

Florence Nwanzuruahu Nkiru Nwapa, was a Nigerian author who has been called the mother of modern African Literature. Her book Efuru is the first book written by an African woman, to be published internationally.

Kenyans to Sue British Army Over Wildfire That Destroyed 12,000 Acres

A Kenyan court has allowed over 1,000 residents living near a British military training base in the country to jointly seek damages alongside an...

Wangari Maathai, First Black Woman to Receive the Nobel Peace Prize

Dr. Wangarĩ Muta Maathai was a Kenyan social, environmental, and political activist and the first African woman to win the Nobel Peace Prize.