The Federal Government’s decision to reroute the Lagos-Calabar Coastal Highway inland to avoid constructing multiple bridges across five states has sparked criticism from Nigerians, who argue that the move undermines the project’s original intent. Minister of Works David Umahi revealed on Sunday during a stakeholders’ engagement meeting in Lagos that the highway’s alignment is being…
Zimbabwe is set to launch its third earth observation satellite, ZimSat-3, just months after successfully deploying its second satellite, ZimSat-2. This rapid progression marks a significant milestone for the country’s space ambitions as it seeks to leverage satellite technology for national development. The Southern African nation is also working on several communication satellites aimed at…
South Africa’s Competition Commission has placed major tech companies like Google and Meta (Facebook) under scrutiny, calling for a fairer distribution of revenue between digital platforms and local media companies. In its provisional Media and Digital Platforms Market Inquiry (MDPMI) report, the commission has proposed a 5%-10% tax on these digital giants if they fail…
The Nigerian government has reportedly spent approximately $8 billion in its ongoing efforts to stabilize the naira, yet the currency remains under pressure as inflation and forex volatility persist. This revelation was made by Bismarck Rewane, CEO of Financial Derivatives Company, during an interview on Channels Television’s News at 10 on Friday. Rewane emphasized the…
Bamako, Mali – The Confederation of Sahel States (CSS) officially unveiled its flag in a ceremony held in Bamako, Mali, marking a significant milestone for the newly formed regional bloc. The event, chaired by Major General Abdoulaye Maïga, Prime Minister and Head of Government of Mali, was attended by CSS ministers and dignitaries from its…
The Bybit hack is officially the largest crypto heist in history, with over $1.46 billion stolen. This accounts for 16% of all previous crypto hacks combined. The magnitude of this breach is unprecedented, shaking confidence in crypto security. Here’s what happened, what we know so far, and why this event could change everything. The Timeline…
In the volatile world of cryptocurrency, security breaches and hacks are unfortunate but frequent occurrences. However, the way a company responds to such crises determines its long-term credibility and survival. Bybit recently found itself in the midst of the largest hack in crypto history, but instead of succumbing to panic and confusion, the company executed…
Ghana’s National Daily Minimum Wage (NDMW) has been increased by 10%, rising from GH₵18.15 to GH₵19.97. The announcement was made by the National Tripartite Committee (NTC) in compliance with Section 113 (1) (a) of the Labour Act, 2003 (Act 651). This increment is part of ongoing efforts to mitigate the rising cost of living and…
Tanzania has officially surpassed Nigeria to become Africa’s second-largest maize producer, recording an impressive 11.7 million tonnes in the 2023/24 farming season. This marks a significant rise from the 6.4 million tonnes produced in the 2021/22 season. The Tanzanian Ministry of Agriculture attributes this surge in maize output to key agricultural reforms implemented over the…
Aliko Dangote, Africa’s richest man, has reclaimed his position among the world’s top 100 billionaires following a massive surge in his net worth. According to Forbes’ real-time ranking of billionaires, Dangote’s wealth climbed to approximately $23.9 billion from $13.4 billion last year—an increase of $10.5 billion (78.4 percent). The remarkable growth was driven by the…