Guinea Massacre Trial Enters Final Stage
Reclassification of Charges Remains Open Question, Date Set for Closing Submissions The last major phase in Guinea’s landmark domestic trial about the brutal massacre of peaceful demonstrators in 2009 concluded on April 23. That last phase, known as the “confrontations,” began on April 15 as judges and all parties posed questions to some of the […]
African Governments Falling Short on Healthcare Funding
Slow Progress 23 Years After Landmark Abuja Declaration African governments are falling far short in their commitments to prioritize public spending on health care, contributing to widespread inequalities in healthcare access and outcomes, Human Rights Watch and the Kampala-based Initiative for Social and Economic Rights (ISER) said today. As the 23rd anniversary of African Union […]
Prosper Africa Coordinator British A. Robinson In Dallas To Speak At The U.S.-Africa Business Summit
Prosper Africa Coordinator British A. Robinson will be in Dallas, TX, May 6-9, 2024 to participate in the 16th U.S.-Africa Business Summit as a member of the U.S. Government delegation. While in Dallas, Coordinator Robinson will deliver remarks at multiple roundtable discussions. Prosper Africa is also proud to be a silver sponsor of the Summit […]
Inflation in Key African Economies Will Slow into 2025
It remains stubbornly high in Nigeria due to sporadic flooding and difficult terrain for the naira currency, a Reuters poll has found. The acute shortage of dollars in much of the continent, including Angola, Nigeria and Zambia, has often put home inflation under significant strain due to a reliance on single commodity currency inflows such […]
BHP Plans £31bn Bid for Anglo American but Attracts Ire from South Africa and Shareholders
Anglo American dashed BHP’s hopes after a volley of criticism from some of the company’s biggest shareholders within hours of the initial proposal on Thursday. The plans were criticised by Anglo investors including Legal & General Investment Management, one of its largest shareholders, and Abrdn as being “highly opportunistic” and “unattractive”. South Africa’s mining minister, […]
Ghana has to Choose between Large-scale Nuclear Power Plants to Small Modular Reactors
The United States and Russia are locked in a race against China, France, and South Korea to build the first nuclear power plant in Ghana. The West African country is among several nations on the continent looking to nuclear power as a low carbon source of energy as they seek to broaden access to electricity. […]
A Refinery in Nigeria has been Ranked above Europe’s Ten Largest Refineries in Capacity
The $20.5 billion Dangote refinery, owned by Africa’s richest man, has a processing capacity of 650,000 barrels per day. The refinery, which finally began production in January after facing years of delay, outshines Europe’s largest refinery, the Pernis Refinery, with its installed capacity of 404,000 barrels per day (bpd). Additionally, the GOI Energy ISAB Refinery […]
African Countries are Using a Variety of Strategies to Protect their Currencies
Authorities are isolating exchange rates to putting barriers on imports and immobilising foreign currencies, but in the long run, they are bound by market forces. “Currency is based on the law of supply and demand: there is no miracle cure,” says French economist Bruno Cabrillac. He says this against the backdrop of many African countries […]
Nairobi’s Attempts to Attract Higher Levels of Tech-related Investment
The Kenyan government has confirmed that it will be maintaining its 1.5% digital service tax on multinational tech giants, despite pressure from the Organisation for Economic Cooperation and Development (OECD) to join its global minimum tax initiative. Kenya’s digital service tax came into effect in January 2021, with the government opting for a low-tax regime […]
Nigeria Breweries Set for Rebrand
The Manufacturing Association of Nigeria (MAN) revealed that about 767 manufacturing companies shut down operations while 335 experienced distress in 2023. Even the multinationals are not left out. Last year, about five multinationals left the country. Meanwhile, the businesses and companies that endured are left grappling with ongoing losses. Last year, 7 Nigerian companies lost […]
