In a frustrating and familiar situation, Nigeria is grappling with a nationwide blackout following the collapse of its national grid on Saturday morning, marking the third grid failure within a week. Reports of power outages have come from major cities such as Abuja, Lagos, and various other parts of the country. As of now, there…
Russian President Vladimir Putin has predicted that the BRICS nations will see higher economic growth than the global average by the end of 2024. Speaking at a plenary session of the BRICS Business Forum in Moscow, Putin stated that the BRICS nations’ Gross Domestic Product (GDP) growth rate is expected to reach 4% by the…
As the global demand for medical cannabis continues to grow, several African countries have shifted their stance on cannabis cultivation. Although the plant remains widely banned for recreational use due to health concerns, many nations now permit its cultivation for industrial and medicinal purposes. With Africa producing some of the highest levels of cannabis globally,…
The Nigerian naira has been listed as one of the worst-performing currencies in Sub-Saharan Africa for 2024, according to the World Bank’s latest Africa’s Pulse report. The report, which highlights economic trends across the continent, revealed that by the end of August 2024, the naira had depreciated by approximately 43 percent year-to-date. This sharp decline…
Africa is a continent of contrasts, not just in its geography and cultures but also in its population distribution. One of the most striking contrasts is between the rural and urban populations across different African countries. While some nations have rapidly urbanized, others still maintain large rural populations that rely heavily on agriculture and traditional…
Natural gas remains a key energy resource in the global landscape, powering industries, homes, and infrastructure worldwide. With increasing demand for cleaner energy alternatives, the importance of natural gas has grown significantly, making the reserves held by countries a vital asset in energy security. This article visualizes the countries with the largest proven natural gas…
In 2024, education remains a key pillar of development across African nations. While some countries are leading the way in creating world-class education systems, others are making significant strides in improving access and quality. According to the Global Education System ranking compiled by bScholarly, these ten African countries stand out for having the best education…
Nigerians have long been recognized for their strong cultural presence and far-reaching influence across the globe. The Nigerian diaspora plays a significant role in shaping global perceptions of Africa’s most populous nation, with over 17 million Nigerians living abroad, according to the International Organisation for Migration (IOM). This massive global migration is driven by various…
Africa is a treasure trove of natural resources, holding around 30% of the world’s mineral reserves. The continent is rich in valuable commodities such as oil, diamonds, gold, copper, cobalt, coal, iron ore, and uranium, contributing significantly to the global supply chain. In 2022, several African nations emerged as top exporters of these natural resources,…
Foreign Direct Investment (FDI) is a crucial driver for economic growth and development, providing countries with much-needed capital to diversify their economies, create jobs, and boost infrastructure development. According to the latest World Investment Report 2024 by the United Nations Conference on Trade and Development (UNCTAD), African nations are seeing significant inflows of FDI, reflecting…