Finance – African Pride

Antony Blinken says West has more to offer troubled Sahel than Russia

January 28, 2024January 28, 2024Ariko Fuludu OnomeLeave a Comment

US Secretary of State Antony Blinken has vowed to broaden support for the violence-wracked Sahel beyond the realm of security, pitching the United States as a better partner than Russia, which has been expanding its footprint in the region. Speaking to AFP on the highest-level visit ever by a US official to Niger, Blinken called […]

How are the ‘Big Three’ rating agencies impacting African countries?

January 28, 2024January 28, 2024Velia PreciousLeave a Comment

While African governments have criticised credit rating agencies for their tendency to “overvalue risk”, they continue to influence the global economic landscape. How much should we trust the results they come up with? Photo by Katerina Bartosova via unsplash.com Summary Introduction Over the past two decades, the number of African governments issuing Eurobonds for debt restructuring and […]

Despite Blinken’s arduous efforts, Africa needs China more

January 27, 2024January 28, 2024Ariko Fuludu OnomeLeave a Comment

Despite Washington’s emphasis on adjusting its focus on Africa, it seems that US-Africa cooperation may still be a test of whether the US return to Africa can actually yield results or become just more empty talk. US Secretary of State Antony Blinken has begun a tour of four African countries this week. He is scheduled […]

Saudi Arabia fast tracks efforts to become leader of minerals ‘super region’

January 23, 2024January 28, 2024Special EzekielLeave a Comment

Saudi Arabia is speeding up efforts to position itself as the major player in the minerals “super region” and reduce dependency its on oil as part of its Vision 2030 program. Making the metals and mining sector the third pillar of its economy, Saudi Arabia is taking a holistic approach to invest in the sector […]

BDO East Africa plans audit, advisory expansion in DRC, Burundi

January 8, 2024January 28, 2024Velia PreciousLeave a Comment

Increased regional trade in east Africa is prompting expansion by tax and audit group BDO. BDO East Africa Embarks on Audit and Advisory Expansion in DRC and Burundi BDO East Africa, a key player in public accounting, tax, and advisory services, has announced a strategic expansion of its operations into the Democratic Republic of Congo […]

U.S. To Resolve Lawsuit Filed To Have N30Milllion Abacha Loot Transferred To Tinubu’s Minister, Bagudu Instead Of Nigerian Government

January 4, 2024January 28, 2024Velia PreciousLeave a Comment

The United States has expressed its willingness to resolve the lawsuit filed against the return of funds looted by the late Nigerian dictator, Sani Abacha. This signals the potential transfer of yet another $30 million to Atiku Bagudu, President Bola Tinubu’s controversial budget and national planning minister. In August 2023, SaharaReporters reported that the former […]

20 facts about Dangote refinery you should know

January 31, 2023January 28, 2024Special EzekielLeave a Comment

Nigeria’s highly anticipated Dangote refinery is set to be commissioned next week, on May 22, by the outgoing president, Muhammadu Buhari in Lagos state. On Wednesday, May 17, Dangote Group released 20 facts everyone should know about the highly anticipated refinery. These facts are as follows: What you should know Earlier this month, it was reported that […]