OPEC Courts Namibia ahead of Plans to Begin Oil Production
The Organization of the Petroleum Exporting Countries, OPEC, is looking to add Namibia to its ranks as the Southern African country gears up to begin oil production by 2030. Namibia recently discovered a significant volume of oil within its shores, which will make it the fourth largest oil-exporting company within the next ten years. OPEC’s […]
Nigeria Suffers its Highest Inflation in nearly 30 Years
Nigeria’s ever rising inflation has worsened, reaching its highest level in almost three decades. Quoting the National Bureau of Statistics, the West African country’s official statistical agency, the report states that, in March, Nigeria’s inflation rate rose to 33.2%, sliding a further 1.5% from the preceding month. The inflation rate is primarily driven by the […]
Naira Recovers to Become Best Performing Currency in the World
Following a 12% rally in April, the Nigerian Naira is now the best performing currency in the world, according to a Goldman Sachs analyst. More importantly, the currency can continue its upward trajectory if policymakers maintain its fiscal policies. Currently valued at 1,230 to the dollar, the naira fell to a record low of 1,627 […]
Niger Receives Dozens of Russian Military Instructors as Part of New Agreement
Niger welcomed dozens of Russian military instructors as part of a new agreement between the West African country and the Russian Federation. The military trainers arrived late Thursday with several military supplies which they will train Niger’s forces to use. Their goal is to strengthen military cooperation with the West African state, which is looking […]
More than 50 People Dead as Flooding Persists in Tanzania
Over the weekend, Mobhare Matinyi, a spokesman for the Tanzanian government, revealed that 58 people have died as a result of the flooding that is currently ravaging the country’s coastal areas. The flooding is the result of heavy rainfall, which still persists. It has damaged over 75,000 farms and also destroyed infrastructure. According to Matinyi, […]
Kenyan Doctors’ Strike Hit Residents the Hardest
Doctors across Kenya have been on strike for almost a month now. Unfortunately, it’s the public that has suffered for the standoff between the government and the medics. Hospitals across the country are not taking in new patients, as is the case with the Kihara Level 4 Hospital labour ward where only three out of […]
