Elon Musk’s wealth destruction has become historic. The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place …
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AfricaAFRICA NEWSNewsSpotlight
Elon Musk’s Starlink to charge Nigerians $600 for hardware setup
by Editorby EditorElon Musk’s Starlink is set to charge Nigerians a whopping $600, about N440,000 at the prevailing parallel exchange rate of N740 – N745 to $1, to acquire the hardware. In …
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AfricaAFRICA NEWSBusiness PoliciesNews
Nigeria rounds off 2022 with a huge loss in its foreign reserves
by Editorby EditorThe year 2022 for the Nigerian economy was turbulent, to say the least. While some sectors of the economy grew, others took a dip, and the general standard of living …
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AfricaAFRICA NEWSBusiness PoliciesNews
One-third of global economy may slip into recession in 2023 – IMF
by Editorby EditorThe Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has said that at least one-third of the global economy may slip into recession in 2023. She made this …
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AfricaAFRICA NEWSBusiness PoliciesNews
Sierra Leone Becomes First in Africa to Hike Rate This Year
by Editorby EditorSierra Leone’s central bank became the first in Africa and second globally after Israel to raise interest rates this year. A combination of factors, ranging from higher commodity costs to …
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AfricaAFRICA NEWSNewsPress Releases
Sameer Africa appoints new managing director
by Editorby EditorSameer Africa has appointed John Mugo as the new managing director effective January 1. Mr Mugo will take over from Peter Gitonga who has been holding the position in an …
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Africa is the world’s least electrified continent. Nearly 600 million people remain without access to electricity in Africa. Yet the pandemic, with its attendant lockdowns, supply chain disruptions and diversion …
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AfricaAFRICA NEWSNewsPress Releases
German Osmium Institute partners with Gauteng Refinery in South Africa
by Editorby EditorOn November 22nd, an official partnership was formed between Ingo Wolf, director of the “Osmium-Institut für Inverkehrbringung und Zertifizierung von Osmium GmbH”, and the Gauteng Refinery in Johannesburg, South Africa. …
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AfricaAFRICA NEWSEconomyNews
Biden Announces $350m to Facilitate Digital Transformation in Nigeria, Others
by Editorby EditorPresident Joe Biden of the United States of America has announced the commitment of $350 million to facilitate digital transformation in Africa. According to Biden, such intervention would help to …
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AfricaAFRICA NEWSEnergyNews
ONEWEB and Q-KON Africa sign deal distribute to LEO satellite connectivity in Africa
by Editorby EditorOneWeb announced a distribution partnership with Q-KON Africa, a specialist technology company that supplies solutions based on satellite, wireless and VoIP technologies, to offer broadband connectivity services in African countries. …