How Used Goods Became an African Economic Lifeline
Recycling, Innovation, and Survival From European castoffs to Africa’s marketplace lifeline, the secondhand trade has grown into one of the continent’s most dynamic industries. Dr. Adeshina Lukeman explains its economic weight, the pressures of global imports, and the future of reuse in Nigeria’s challenging economy. Q: How has the trade in secondhand goods […]
IGAD, AfDB Launch BE-Prosper Project to Boost Blue Economy in Horn of Africa
The Intergovernmental Authority on Development (IGAD), in partnership with the African Development Bank Group (AfDB), has unveiled a landmark initiative aimed at accelerating coordinated blue economy development across the Horn of Africa. The Building Blue Economy Resilience and Prosperity in IGAD & the Horn of Africa (BE-Prosper) project was officially launched during a three-day forum […]
Dangote Refinery Set to Transform Nigeria’s Fuel Landscape With Massive December PMS Supply Rollout
Nigeria is poised for a major shift in its energy stability as the Dangote Petroleum Refinery confirms it will begin daily supply of 50 million litres of Premium Motor Spirit (PMS) to the Nigerian market starting December 1—a milestone that could redefine the nation’s fuel economy and significantly reduce dependence on imports. In a formal […]
EIB Global and AfDB Invest US$275 Million to Modernise Mauritania’s Key Railway Corridor
Mauritania’s strategic Zouerate–Nouadhibou railway is set for a major transformation as the African Development Bank (AfDB) and EIB Global announce a joint financing package worth US$275 million. The investment, unveiled on the sidelines of the Africa Investment Forum 2025, aims to modernise and expand the country’s most critical transport corridor. The funding includes a US$150 […]
Africa Investment Forum Panel Calls for Bold Financing Innovations to Bridge Infrastructure and Climate Gaps
Senior policymakers, investors, and development finance leaders gathered on Thursday for the 2025 Africa Investment Forum (AIF) Market Days, united by a pressing mission: mobilizing the capital Africa needs to meet rapidly growing infrastructure and climate-related demands. The high-level session, titled “Innovative Finance Instruments Powering Africa’s Sustainable Transformation,” delivered a resounding call for unconventional investment […]
Hidden Cost of Excluding Women from Africa’s Digital Economy
Just five years remain before the 2030 Agenda for Sustainable Development deadline, which the world set to make equality a reality for all. Yet global poverty retains a female face. Countries worldwide have ratified conventions and declarations promising inclusion, but ten percent of women still live in extreme poverty, a number that has barely […]
Europe Rejects Dangote Diesel: The Larger Battle Over Africa’s Energy Future
Africa’s boldest refining project — the Dangote Petroleum Refinery — is confronting a critical reality check as its diesel shipments face rejection in Europe. While headlines focus on sulfur levels and winter-grade compliance, a deeper narrative is unfolding: Africa’s push for energy independence is running into the wall of global fuel geopolitics and technical […]
NNPC Limited Posts ₦5.4tn Profit, Unveils $60bn Investment Plan to Drive Nigeria’s Energy Future
Nigeria’s national oil company, NNPC Limited, has announced a Profit After Tax of ₦5.4 trillion for the 2024 financial year, marking one of its strongest performances since its transition to a commercial entity under the Petroleum Industry Act (PIA). The results, released during an earnings call with analysts on Monday, show a major leap in […]
Global Investors Flock to Nigeria as Market Turnover Hits Record N10 Trillion
…Foreign inflows surge, retail participation rises, and reforms reshape Africa’s largest economy Nigeria’s capital market is attracting unprecedented global attention as turnover on the Nigerian Exchange (NGX) surges to an all-time record of N10 trillion, signalling renewed confidence in Africa’s biggest economy and its ongoing structural reforms. Fresh trading data released by the NGX shows […]
Financial Mistakes African Women Should Avoid
image by senivpetro freepik In many African communities, women carry the weight of family responsibilities, social obligations, business pressures, and cultural expectations. These pressures often lead to financial mistakes that quietly drain income and make it harder to build wealth. Here are common financial traps women fall into — and how to avoid them This […]
