Faith Nyasuguta Elon Musk has been dethroned and he is now the world’s second richest person after Bernard Arnault the CEO of LVMH, the world’s largest maker of luxury goods. This development comes just two days after the Tesla CEO reclaimed his crown as the world’s richest person. He got bumped to the second position after […]
Read More
Faith Nyasuguta On Wednesday, French President Emmanuel Macron landed in Gabon, marking the first stop in his Africa tour that will see him visit Angola, Congo Republic and Democratic Republic of Congo. Macron’s trip, his first to all four nations as head of state, follows the commissioning of a new Africa policy and is focused away […]
Read More
Faith Nyasuguta A Nigerian doctor has confessed in court that he lied about a potential kidney donor as he was “desperate” for his own operation to go ahead. Dr Obinna Obeta, 51, is accused of being part of an international criminal conspiracy in a organ transplant trafficking plot. The Old Bailey heard how Dr Obeta […]
Read More
Faith Nyasuguta Tanzanian authorities have reached a deal with the International Monetary Fund (IMF) to disburse a $151 million loan to help boost the nation’s recovery amid headwinds from global shocks that have plummeted growth. The figure is subject to approval by the lender’s executive board and will bring IMF’s total financial support to Tanzania […]
Read More
Faith Nyasuguta The African Union has condemned comments by the Tunisian President Kais Saied suggesting people from sub-Saharan Africa in the country were linked to criminality. In a statement on Twitter, the African Union (AU) said it “strongly condemns the racial statements on fellow Africans in Tunisia”, without directly referring to Saied. The Chairperson of the […]
Read More
Faith Nyasuguta In 2022, African investors may have shared the least percentage of investment scams in cryptocurrency which hit $5.9 billion globally. However, the continent’s investors were scammed more through investment and giveaway tricks, signalling the risk of high appetite to buy into the craze. Kenya, Nigeria, and South Africa ranked among the leading countries […]
Read More
Faith Nyasuguta South Sudan has suspended the use of the US dollar and instead called on all transactions be executed in the local currency, the South Sudanese pound (SSP), in a move projected to stifle economic activity in the war-ravaged economy. Majority of transactions in the nations are done using the US dollar, largely due […]
Read More
Faith Nyasuguta On Thursday, fifteen African nations abstained from the UN vote against Russia as the UN General Assembly in New York overwhelmingly backed a resolution condemning Russia’s invasion of Ukraine a year ago. Some 28 African nations supported the vote. The resolution was calling for the withdrawal of troops from Ukraine and a halt […]
Read More
Faith Nyasuguta Thomas Sankara, Burkina Faso’s ex-leader and anti-colonial icon alongside 12 of his followers were on Thursday buried at the site of their 1987 assassination in Ouagadougou. About 100 relatives gathered in the capital by 13 coffins draped in the national flag. Senior state officials including Prime Minister Apollinaire Kyelem de Tembela were in […]
Read More
Faith Nyasuguta The powerful tropical Cyclone Freddy tore through parts of Madagascar 🇲🇬 on Wednesday, killing four people on the Indian Ocean island, according to disaster management authorities. A man ,27, drowned in rising sea waters on Tuesday just before the storm, which packed winds of around 130kmh, made landfall. However on Wednesday, authorities put […]
Read More
Recent Comments