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Outlook On Africa’s Gaming Industry’s Value And Trends From 2020 -2025
In the heart of Nigeria’s economic capital lies a suburb popularly known as Mushin Olosha. A well-known street in the neighbourhood has four video gaming centres. Young boys between the ages of 12 to 18 are seen walking in casually now and then to spend a minimum of N100 on soccer games or other games…
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Africa’s First Electric Bus Begins Operations In Kenya
Africa’s first locally designed and manufactured electric bus has begun operations in Kenya’s capital, Nairobi. The Swedish-Kenyan start-up Opibus first launched in 2017, with the hope that its first model would begin operations in 2022. With its first model now up and running, the start-up would be able to boost the development of green transport…
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African Startups To Look Out For In 2022
In 2021, African tech startups surpassed their mark with collective funding worth over $2 billion. This year, the trend is not slowing down. With collective funding of over $200 million, according to Business Insider, in just the first month of 2021, these startups are making it very clear that they are not slowing down. Here…
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Deadly Tropical Storm Hit Major Countries In Southern Africa
Over 70 people have reportedly died following torrents of rain that hit three southern African countries after making landfall on Monday. Mozambique, Madagascar and Malawi were all affected. According to varying reports, Tropical Storm Ana first made landfall Monday in Madagascar before ploughing into Mozambique and Malawi, causing buildings to collapse due to landslides. Madagascar…
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How Blockade Is Escalating Death Rates In Ethiopia’s Tigray Region
A recent report by the World Food Programme (WFP) has shared that nearly 40% of people in Ethiopia’s embattled Tigray region are suffering “an extreme lack of food” following 15 months of fighting between the Tigray People’s Liberation Front (TPLF) and the Ethiopian government. According to the UN agency, the region which is home to about…
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Morocco Begins Construction Of Vaccine Production Plants
Morocco has officially launched the construction of its covid-19 manufacturing plant in the region of Casablanca, the country’s economic capital. Slated to begin production in July 2022, SENSYO Pharmatech would cover the production and administration of Covid-19 vaccines as well as other vaccines. The plant would have “three industrial lines whose combined production capacity will…
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Suspension Of Petrol Subsidy Removal: Reactions And Implications
On Monday, the minister for finance, budget and national planning, Zainab Ahmed, announced President Buhari’s decision to suspend the removal of petrol subsidy for 18 months. This move is assumed to be the government’s attempt to lessen the bite of economic hardship and skyrocketing inflation rates on its people. The approved 18-months suspension means that…
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IMF Cuts Global Economic Growth Forecast To 4.4%
The International Monetary Fund on Tuesday warned that the global economy might not grow at the pace it was previously predicted due to slow recoveries in the United States and China. IMF’s latest World Economic Outlook shows a downshift in global economic growth from 5.9% in 2021 to 4.4% this year as opposed to what…
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Nigeria’s New Refinery To Start Processing Crude Oil in 2022
On Saturday, Nigeria’s foremost businessman Aliko Dangote announced the Dangote refinery would begin operations by the third quarter of 2022. The refinery located in the Lekki Free Zone near Lagos, Nigeria is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility with a presumed processing capacity of 650,000 barrels per day…
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Fact Check: What is Happening In Burkina Faso?
On Sunday, January 23, 2021, heavy gunfire was heard near President Roch Marc Christian Kabore’s residence in Burkina Faso’s capital, Ouagadougou. Hours later, reports confirmed that mutinying soldiers had successfully detained the president at a military camp in the nation’s capital. State news shared that soldiers first took control of the Lamizana Sangoule military barracks…