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Nigeria Faces Worst Recession In 40 Years – World Bank

The collapse in crude oil prices, coupled with the COVID-19 pandemic, is expected to “plunge the Nigerian economy into a severe recession, the worst since the 1980s”, the World Bank said on Thursday. The World Bank, in a new report,...

Brand Africa 100: MTN, Dangote Ranked Most Admired Brands in Africa, 2020

Nigeria's giant mobile operator, Glo, and South Africa's MTN has retained their ranking as Africa’s most admired brands. This year's list of Africa's most admired brands is dominated by South African and Nigerian companies with MTN and DANGOTE occupying the...

South Africa Now Ranks 3rd in the World for Economic Crimes – PwC

South Africa is third in the world when it comes to economic crime, according to PwC’s 2020 Global and Economic Crime and Fraud Survey.At the launch of the survey in Johannesburg, the PwC forensic team and a panel which...

Nigeria Has 724 Billionaires, Ranked Second in Africa – Report

Nigeria has been ranked second in Knight Frank’s Wealth Report 2020 list of African countries with the highest numbers of ultra-rich individuals. Nigeria, according to the report has 724 ultra-high net worth individuals, worth over US$30 million each (N10.96 billion) According...

Nigeria Overtakes South africa as the Biggest Economy in Africa

The giant of Africa, 'Nigeria' has overtaken South Africa as the biggest economy in Africa as the latter slid into its second recession in two years, Bloomberg reports. South Africa’s economy slumped into a second recession in consecutive years, contracting...

Top 15 Best Countries To Invest In Africa 2020

Egypt is the best country to invest in Africa according to RMB’s 2020 Where to Invest in Africa report, the big size of the market and a sophisticated business sector relative to other countries made it the most attractive...

Nigeria’s Nosa Ehimwenman is the First Black Man to Head an Airport Project in Chicago

Nigerian-Born Nosa Ehimwenman, the founder of Bowa, one of the Fastest-growing construction companies in Chicago is the first African-American prime contractor to head an airport project in Chicago's history. Nosa Ehimwenman was selected as the primary contractor to construct a...

Ghana’s Cedi Ranked World’s Best Performing currency Against the U.S. Dollar

Ghana’s cedi has emerged as the world’s best-performing currency against the U.S. dollar so far this year, according to a Bloomberg report. The Bloomberg report says the currency extended its advance on Monday ahead of a $3 billion Eurobond sale...

Isabel Dos Santos: How Africa’s Richest Woman Stole from her Country to Build an Empire

Luanda Leaks, a new investigation by the International Consortium of Investigative Journalists and 36 media partners, exposes two decades of unscrupulous deals that made dos Santos Africa's wealthiest woman and left oil- and diamond-rich Angola one of the poorest...

World Bank Report: Kenya Leads in Mobile Money Transactions in Sub-Saharan Africa

A new report by World Bank has ranked Kenya as the highest user of Mobile Money Transactions in Sub-Saharan Africa. Image source The World Bank report also indicated that two-thirds of adults worldwide without an account cite lack of money as...
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Abushiri, the East African Slave Trader Who Was Hanged for Fighting Against German Colonialism

Abushiri, was a wealthy merchant and slave-owning plantation owner who is known for Revolting against the German East Africa Company in present-day Tanzania.
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