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AfricaEconomy

Zimbabwe To Conduct Inaugural Economic Census

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Zimbabwe is set to embark on its first-ever Economic Census, marking a significant milestone in its efforts to gather comprehensive data on the country’s economic landscape. Scheduled to commence soon, this census aims to provide detailed and accurate information about various sectors of Zimbabwe’s economy, including agriculture, industry, services, and informal sectors. The…
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AfricaBusinessEconomy

Africa’s largest oil refinery seeking crude from Libya

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Africa’s largest oil refinery, located in Nigeria, has recently made headlines by seeking crude oil supplies from Libya. This move marks a strategic shift in the region’s energy dynamics and underscores the refinery’s efforts to diversify its crude oil sources amidst fluctuating global oil markets and geopolitical uncertainties. The refinery in question is the Dangote…
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AfricaEconomyLifestyle

The United Arab Emirates has lifted a 21-month long visa ban on Nigerians.

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In a significant development for travelers and businesses, the United Arab Emirates (UAE) has lifted a 21-month visa ban on Nigerian citizens. This decision marks a pivotal moment in the bilateral relationship between the two nations and is expected to foster renewed economic ties, tourism, and cultural exchange. Background of the Ban The visa ban was initially imposed in 2021 amid rising…
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AfricaEconomy

China scrambles for Zimbabwe’s lithium

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China is actively pursuing Zimbabwe’s lithium resources, recognizing the strategic importance of this mineral in the global transition to clean energy. As demand for lithium skyrockets due to its critical role in battery production for electric vehicles and renewable energy storage, Zimbabwe’s rich lithium reserves have become increasingly attractive. Key Factors Behind…
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AfricaEconomyPolitics

Protests escalates again in Kenya

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Unrest in Kenya has escalated again, driven by a combination of political tensions, economic challenges, and social grievances. Protests have erupted in various regions as citizens voice their frustrations over issues such as rising living costs, corruption, and electoral integrity. Key Factors Contributing to the Unrest: Economic Strain: Many Kenyans are grappling with inflation and high…
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AfricaBusinessEconomy

Russia and Senegal to expand energy and mining relations

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Expanding energy and mining relations between Russia and Senegal presents a promising opportunity for both nations, leveraging their respective strengths and resources. Energy Sector: 1. Russian Expertise and Technology: Russia, known for its robust energy sector and technological advancements in oil and gas exploration, can offer valuable expertise to Senegal. This collaboration could…
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AfricaEconomy

What do the IMF and foreign debt have to do with Kenya’s current crisis?

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Kenya’s current economic crisis is intricately linked to its relationship with the International Monetary Fund (IMF) and the burden of foreign debt. Here’s how these factors intersect: 1. IMF Programs and Conditionality: Kenya has had a history of engaging with the IMF through various financial assistance programs aimed at stabilizing its economy and promoting growth. These programs…
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