AU to Push for Reparations, Land Restitution, and Policy Reforms for Africa
African leaders are set to renew efforts for slavery reparations at the upcoming African Union summit, despite strong resistance from former colonial powers. The focus of these reparations would not only be financial compensation but also land restitution, return of cultural artifacts, and policy reforms addressing historical inequalities. However, the push for reparations faces backlash, […]
Africa’s Rising Aridity Threatens Cocoa, Driving Up Valentine’s Day Chocolate Prices
This Valentine’s Day, as chocolate prices soared, Africa’s worsening aridity is a key factor. West Africa, responsible for 70% of the world’s cacao, faces increasing challenges due to climate change, deforestation, and unsustainable farming. The region’s drying land reduces cocoa yields, pushing up prices and threatening future availability. With aridity spreading across Africa, affecting agriculture […]
South Africa Pushes for Bilateral Trade Deal with US Amid Tensions
As US-South Africa relations sour, South Africa is preparing to propose a bilateral trade agreement in case its preferential access to the US market is revoked. The move comes amid growing concerns that the Trump administration may alter trade relations, potentially affecting South Africa’s position under the African Growth and Opportunity Act (AGOA). Officials, speaking […]
Abuja Revamps Economic Indicators, Igniting Debate Over Data Accuracy
Nigeria’s overhaul of its economic indicators, including new calculations for unemployment, inflation, and GDP, has sparked debate. The National Bureau of Statistics (NBS) shifted its methods, now aligning with international standards. This includes redefining employment to encompass anyone earning income, even for brief or part-time work. While supporters, including World Bank economists, argue that the […]
Africa to Launch Own Credit Rating Agency to Improve Assessments
In June 2025, Africa will launch its own credit rating agency, the Africa Credit Rating Agency (AfCRA), to address the bias in global assessments that critics say inflate borrowing costs for African nations. This move aims to offer transparent, development-focused ratings that reflect the continent’s true economic potential. African leaders argue that current agencies undervalue […]
Young Africans Pursue Opportunity Amid Urban Growth and Challenges
Mojez Oyange’s journey highlights the growing frustration of well-educated African youth who face limited opportunities despite rapid urbanization. While cities like Nairobi offer modern infrastructure and a bustling environment, they fail to meet the expectations of many young people eager for meaningful opportunities. Oyange’s story, which includes struggles with low-paying jobs and mental health issues, […]
Binance Executive Accuses Nigerian Lawmakers of Demanding $150 Million Bribe
Tigran Gambaryan accused three Nigerian lawmakers—Peter Akpanke, Philip Agbese, and Ginger Obinna Onwusibe—of demanding a $150 million cryptocurrency bribe. Gambaryan, who was detained in Nigeria, claimed that the lawmakers staged a fake official meeting in January 2024, asking for the bribe in exchange for settling legal issues with the company. He also dismissed accusations by […]
Invasive Pests and Toxic Pesticides Disrupt Kenya’s Valentine’s Rose Exports
Kenya’s Valentine’s Day rose exports faceed significant challenges due to invasive pests and harmful pesticides, threatening the industry. The country, which is one of the largest exporters of cut flowers, particularly roses, to global markets, has been grappling with the effects of toxic chemicals and foreign bugs damaging crops. Farmers are struggling to meet international […]
Madagascar’s First Caviar Producer Transforms Luxury Food Industry
Delphyne Dabezies defied skepticism to create Africa’s first caviar company, Acipenser, with its renowned Rova and Kasnodar brands. Located in the mountains of Madagascar, near Lake Mantasoa, Acipenser has earned global recognition, supplying prestigious kitchens worldwide. Caviar, a delicacy traditionally from the Caspian Sea, can fetch up to $27,000 a teaspoon. Despite initial doubts, Dabezies’ […]
China Square Expands in Nairobi, Sparking Debate Over Retail Competition
A Chinese-owned retail chain offering affordable, Chinese-made products, has rapidly expanded in Nairobi, opening its sixth branch at Two Rivers Mall. Shoppers are drawn by the low prices and unique items, but the chain’s growth has stirred concerns among local retailers. They argue that China Square’s pricing strategy creates an uneven playing field. The chain […]