Year 2024

Ghana’s President Faces Backlash for Self-honouring Statue

OUTGOING Ghanaian President Nana Akufo-Addo has faced public backlash after unveiling a bronze statue of himself outside the Effia-Nkwanta Regional Hospital in Sekondi, in the country’s Western Region. The statue, meant to honour his administration’s development work, has triggered widespread…

Lagos Bids for 4,000 MW Power Plants to Combat Blackouts

LAGOS, Nigeria’s bustling commercial capital, has announced a tender for the construction of gas-fired power plants with a total capacity of up to 4,000 megawatts (MW). This ambitious move aims to tackle the city’s persistent electricity shortfalls, which have plagued…

UN Mission to Exit Mali By mid-November Amid Junta Tensions

  THE United Nations mission in Mali, which was ordered to leave by the country’s ruling junta, will complete its full withdrawal by mid-November, according to a statement from the Malian government. The UN Multidimensional Integrated Stabilisation Mission in Mali…

US Cancels $1.1bn of Somalia’s Debt

IN a significant step towards stabilising its economy, Somalia announced that the United States has cancelled over $1.1bn of its outstanding debt, marking a quarter of the country’s remaining financial obligations. This agreement continues a series of debt-relief measures from…

ExxonMobil Delays Mozambique LNG Project Decision to 2026

EXXONMOBIL has announced a delay in the final investment decision (FID) for its Rovuma liquefied natural gas (LNG) project in northern Mozambique, now pushing the timeline to 2026. This revised target postpones the project’s go-ahead by approximately three months from the company’s…

Barrick Gold Nears Mining Code Agreement With Mali’s Govt

BARRICK Gold, the world’s second-largest mining company, expects to finalise negotiations with Mali’s junta-led government over a new mining code by the end of 2024, CEO Mark Bristow revealed in an interview with Reuters on Thursday. The Toronto-based mining giant has been…

African Business Leaders Optimistic About Tech’s Impact

LEADING African business and technology experts gathered in Johannesburg for the SAP Now conference to strategise on leveraging artificial intelligence (AI) and technology to accelerate growth and foster innovation across the continent. The event, attended by over 300 leaders from…