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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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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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BusinessEconomy

Botswana demands progress on rail construction

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In the heart of Southern Africa, Botswana stands as a beacon of stability and economic potential. Yet, despite its vast mineral wealth and thriving wildlife tourism industry, the country faces a critical challenge: the need for substantial progress in its rail infrastructure. Nestled between South Africa, Namibia, Zimbabwe, and Zambia, Botswana is entirely landlocked, making efficient transport…
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AfricaEconomy

African state seeking energy deal with Moscow

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In a move that underscores its strategic energy ambitions, Central African Republic has initiated negotiations with Moscow aimed at securing a significant energy deal. The discussions highlight the nation’s pursuit of diversified energy sources and its efforts to strengthen ties with global partners, particularly amidst evolving geopolitical dynamics. The African state, grappling with…
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AfricaEconomy

The hidden dangers of Zimbabwe’s informal savings clubs

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In Zimbabwe, informal savings clubs, known as “mukando” or “mukando bureaux,” have long been a traditional means of pooling resources among communities. These clubs typically involve members contributing regular savings into a communal fund, which is then disbursed periodically to individual members, often on a rotating basis. While these clubs serve as a vital financial…
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