Business

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 2020: Their Age, Business and Net Worth

According to this year’s Forbes ranking, Aliko Dangote of Nigeria is Africa’s richest person (for the 9th year in a row). His networth is estimated at $10.1 billion. The second richest in Africa is Egyptian billionaire Nassef Sawiris. He runs...

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,...

Top 10 African Countries With the Highest Percentage of Women Entrepreneurs

According to the latest global ranking conducted by the Mastercard Index of Women Entrepreneurs (MIWE), the highest number of women entrepreneurs globally are found in Uganda. The Mastercard Index of Women Entrepreneurs (MIWE) is an annual ranking that highlights the...

Nigeria Unseats South Africa As The Most Valuable Brand In Africa (2019)

Brand Finance, the world’s leading independent brand valuation consultancy, has named Nigeria the most valuable nation brands in Africa. Last year, South Africa was the world’s 49th most valuable national brand, while Nigeria was the 50th. This year, Nigeria leaps...

These are the Best Countries to Move to if you Want to Work in Africa

Morocco should be in your workers' radars if you ever decide to relocate to Africa. The coastal country in North-western Africa was named the best country for expats to work in Africa, according to the Expat Insider 2019 Survey. To compile...

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TIME 100: Tony Elumelu, Three Other Nigerians Makes Time’s list of 100 Most Influential People Of 2020

Tony Elumelu, is among four Nigerians named by the Time Magazine International in their 2020 list of 100 most...

Zambia’s Namwali Serpell Wins UK’s Top Prize For Science Fiction

Zambia's Namwali Serpell has won the UK’s top prize for science fiction, the Arthur C Clarke award, for her first novel "The Old Drift". The...

African Tribe: The Artistic Ndebeles of Southern Africa

The Ndebeles are an African ethnic group living in South Africa and Zimbabwe known for their artistic talent, especially with regard to their painted houses and colorful beadwork. Not much is known about these people except that they originated from the larger Nguni tribes who make up almost two thirds of the black population in South Africa.

Matriarchal Communities in Africa: African Communities Where Women Reign Supreme

From the Umoja community in Northern Kenya to the small rural community of Arnado Debbo in Niger state, Nigeria. These here are three African communities with long-standing traditions where to be a woman is superior.

African Tribe: The Dinka People Of South Sudan

The Dinka are a pastoral-agricultural people that make up the largest ethnic group in South Sudan. They vary their lifestyle by season – in the rainy season they live in permanent savannah settlements and raise grain crops like millet,