SOMALIA: AL SHABAAB SUICIDE BOMBER LEAVES 7 DEAD

SOMALIA: AL SHABAAB SUICIDE BOMBER LEAVES 7 DEAD

Faith Nyasuguta A suicide attack claimed by the Somali Islamist militant group Al-Shabaab left at least seven people dead and nine others wounded in Mogadishu on Sunday, the army and eyewitnesses said. According to a local military commander Abdullahi Adan, a “desperate terrorist” blew himself up on Sunday morning near a line of new recruits […]

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 THREE NATIONS POSSESS OVER HALF OF AFRICA’S TOTAL WEALTH

THREE NATIONS POSSESS OVER HALF OF AFRICA’S TOTAL WEALTH

Faith Nyasuguta  Over 50% of Africa’s accumulative wealth is controlled by just three countries according to this year’s Africa Wealth Report (pdf) authored by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. In order, South Africa 🇿🇦, Egypt 🇪🇬, and Nigeria 🇳🇬 command $651 billion, […]

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 AFRICA LOSES UPTO 15% OF GDP GROWTH TO CLIMATE CHANGE

AFRICA LOSES UPTO 15% OF GDP GROWTH TO CLIMATE CHANGE

Faith Nyasuguta  Currently, the African continent is losing between five per cent and 15 per cent of its per capita economic growth due to the effects of climate change. It is also facing a gaping climate finance shortfall, according to the African Development Bank (AfDB). Africa has been hit disproportionately hard by the fallout from […]

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 AFRICAN CITIES RANKED BY NO. OF MILLIONAIRES IN USD $

AFRICAN CITIES RANKED BY NO. OF MILLIONAIRES IN USD $

Faith Nyasuguta  A fresh report by research firm New World Wealth and Henley & Partners has ranked Nairobi, Kenya🇰🇪 fifth in terms of the number of dollar millionaires in Africa. The Henley Global Citizens Report, which tracks private wealth migration trends worldwide, shows Nairobi has 5,000 high net worth individuals (HNWI) with at least $1 […]

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