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AfricaEconomy

Zimbabwe's newly introduced gold backed currency

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In a significant move to stabilize its economy, Zimbabwe recently introduced a new currency, the Zimbabwean gold coin, aimed at curbing inflation and providing a more stable medium of exchange. This development comes as part of broader efforts by the government and the Reserve Bank of Zimbabwe (RBZ) to address the country’s ongoing economic challenges. Background and…
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Africa

Gunmen kill people in a Nigerian village

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In a devastating attack in northwest Nigeria, gunmen killed dozens of people in Runji village, located in the Zangon Kataf district of Kaduna State. The assailants, believed to be Fulani herders, launched the attack on Saturday evening. They opened fire on the residents and set homes on fire, resulting in at least 33 deaths, including women and children. More than 40 houses were destroyed in the…
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AfricaBusinessEconomy

The Major Russian bank to revive South African refinery

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In a significant development for South Africa’s energy sector, a major Russian bank has announced plans to invest in reviving the country’s defunct refinery infrastructure. This strategic move comes at a time when South Africa is grappling with energy shortages and a pressing need to enhance its refining capacity to meet domestic fuel demands. The Russian bank in question…
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Africa

Former South African president Jacob Zuma barred from elections

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Former South African President Jacob Zuma found himself in a tumultuous legal battle that culminated in a verdict barring him from participating in future elections. Zuma, a prominent figure in South African politics, had a controversial tenure marked by corruption allegations and political turmoil. The decision to exclude him from electoral participation sent shockwaves through the nation’s…
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Africa

Togo scraps Presidential elections

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Togo’s decision to forego presidential elections marks a significant departure from conventional democratic practices and has ignited a mix of intrigue, skepticism, and concern both within the nation and on the international stage. This move signals a bold shift in political strategy and governance, presenting a unique experiment in redefining power dynamics within the West African…
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Africa

Majority of people in Zimbabwe threatened by hunger

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Zimbabwe is currently facing a severe hunger crisis, with a majority of its population threatened by food insecurity and malnutrition. This dire situation is a culmination of various factors, including economic challenges, climate change, poor agricultural practices, and political instability. The consequences of this crisis are profound, affecting millions of Zimbabweans and exacerbating poverty…
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Africa

Building Collapses In South Africa Killing 33 people

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The collapse of a building in George, South Africa, has sent shockwaves through the community and raised concerns about safety standards and building regulations. The incident, which occurred on 6 May 2024, resulted in 33 fatalities and 19 still missing, leaving residents and authorities scrambling for answers. The building collapse has highlighted several pressing issues: Structural…
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