Faith Nyasuguta In recent years, several African nations have embarked on a bold economic experiment: backing their currencies with gold. This move represents a departure from conventional monetary policies and reflects a strategic response to economic uncertainties, heavy debt burdens, and global geopolitical events. Uganda has recently joined this trend with its Gold Purchase Initiative, […]
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Faith Nyasuguta President Marcelo Rebelo de Sousa of Portugal made a significant declaration, accepting the nation’s responsibility for the atrocities committed during the transatlantic slave trade and the colonial era. His acknowledgment hints at the necessity for reparations. Over four centuries, approximately 12.5 million Africans endured kidnapping, grueling sea voyages aboard European vessels, and brutal […]
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Faith Nyasuguta Every year on July 11th, African Anti-Corruption Day calls us to reflect on the pervasive issue of corruption that undermines efforts to eradicate poverty, provide essential services, and foster development across the continent. It is also a day to honor the courageous individuals who risk their lives to expose corrupt practices and strive […]
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Faith Nyasuguta Anant Ambani, the son of Asia’s wealthiest man, Mukesh Ambani, is about to tie the knot with his longtime girlfriend, Radhika Merchant, in a lavish ceremony that has captured global attention. The wedding festivities have been nothing short of extravagant, spanning about 134 days with multiple pre-wedding celebrations and captivating audiences worldwide. Pre-Wedding […]
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Faith Nyasuguta In a significant move to connect with the struggles of his people, Liberia’s President Joseph Boakai has announced a 40% reduction in his salary. This decision, aimed at addressing the economic pressures facing the country, echoes former President George Weah’s earlier decision to take a 25% salary cut. President Boakai’s announcement comes amid […]
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Faith Nyasuguta Haiti’s newly appointed Prime Minister, Garry Conille, and the nation’s police chief made a significant visit to the country’s largest hospital on Tuesday, following the announcement that authorities had reclaimed the facility from armed gangs over the weekend. Haitian Police Chief Normil Rameau revealed at a press conference on Monday that police had […]
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Faith Nyasuguta Niger’s military junta has agreed to discussions with Benin’s government, facilitated by two former Benin presidents, in an effort to restore relations after a coup in Niger last year resulted in border closures and the shutdown of a China-backed oil pipeline in May. The decision to hold talks came after a meeting between […]
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Faith Nyasuguta Senegal’s Bassirou Diomaye Faye, Africa’s youngest president at 44, now confronts a significant challenge: reuniting a weakened regional bloc that predates him. On Sunday, Faye was tasked with reintegrating military-ruled Mali, Niger, and Burkina Faso into ECOWAS during the organization’s summit in Abuja, Nigeria. These countries left ECOWAS and formed their alliance following […]
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Faith Nyasuguta Nigeria’s newly launched Dangote oil refinery is significantly increasing gasoil exports to West Africa, challenging European refiners’ market share, according to traders and shipping data. Analytics firm Kpler reported that gasoil exports from Dangote refinery surged to nearly 100,000 barrels per day (bpd) in May, almost double the figures from April. Most of […]
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Faith Nyasuguta In a historic first joint summit, the leaders of the military regimes of Mali, Burkina Faso, and Niger announced the formation of a confederation of three Sahel states. The summit took place in the Nigerien capital of Niamey. In a joint statement, the leaders revealed plans to formalize their alliance through a treaty, […]
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