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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Queen Nzinga, The African Leader Who Fought Against Slave Trade and European Colonization in the 17th Century

Queen Nzinga was an Angolan leader who ruled during a period of rapid growth in the African slave trade...

BBC 100: These are the 21 Most Inspiring and Influential Women in Africa (2020)

The BBC has revealed its list of 100 inspiring and influential women from around the world for 2020.

Report: South Africa is the Most Unequal Country in the World

A new report from Oxfam South Africa shows how the average (white, male) CEO takes home as much as 461 black women from the bottom ten percent of earners.

Nigeria Listed Among 12 Most Dangerous African Nations for Children – Report

The African nations listed are Burkina Faso, Cameroon, Central African Republic, Chad, Democratic Republic of the Congo, Libya, Mali, Niger, Nigeria, Somalia, South Sudan and Sudan

Top 10: South Africa and Botswana are the Best Places to be a Woman Entrepreneur in Africa

South Africa, Botswana and Ghana has been ranked as Africa's best place to be a woman entrepreneur, according to a new report released Monday. The...