Category Global

Diaspora Remittances: Africa’s Economic Powerhouse

ACROSS Africa, remittances sent by migrants working abroad have become a vital economic lifeline, often outstripping Foreign Direct Investment (FDI) and Official Development Assistance (ODA). In 2023, the continent welcomed approximately $100bn in remittances – nearly 6 percent of Africa’s Gross Domestic…

SADC Backs DRC As M23 Uprisings Spark Fresh Crisis

AT an extraordinary summit in Harare, leaders from the Southern African Development Community (SADC) have reaffirmed their strong support for the Democratic Republic of Congo (DRC) government amid a rapidly deteriorating security situation in the Eastern DRC. The meeting comes…

Leaders Pledge For Clean Cooking in Africa

AFRICAN countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking which kills roughly 600,000 women and children annually across the continent. At the Mission 300 Africa Energy Summit held in Tanzania…

Gold Prices To Decline, Silver to Rise in 2025

  GOLD prices are expected to decline in 2025 while silver prices may increase, according to Economic Survey 2024-25 tabled in Parliament on Friday. Citing the World Bank’s Commodity Markets Outlook for October 2024, the economic survey highlighted that commodity…

World Bank Commits $1.2bn to Girls’ Education In Nigeria

  THE World Bank has announced that it has earmarked 1.2 billion dollars for investment in girls’ education across 18 states. The states include; Borno, Ekiti, Kebbi, Kaduna, Plateau, Katsina, Kano, Adamawa, Kogi, Nasarawa, Niger, Bauchi, Jigawa, Yobe, Kwara, Gombe,…

Tems Cancels Rwanda Concert Due to DRC Conflict

GRAMMY-WINNING Nigerian artist Tems announced on Thursday that she would be cancelling her upcoming concert in Kigali, Rwanda, scheduled for March 22. The decision comes in response to the escalating conflict in eastern Democratic Republic of Congo (DRC), where Rwanda…