African News
Kampala, Uganda — For decades, Africa has been described as the continent of the future — a phrase that captures both hope and frustration. The continent holds immense natural wealth, a young and ambitious population, and a growing consumer market. Yet, industrialization — the true foundation of sustainable prosperity — has often lagged behind. The…
Oxfam categorically rejects the recent US military intervention in Venezuelan territory, which constitutes a violation of international law and an unacceptable interference in the internal affairs of a sovereign country. This action threatens regional stability, contradicts the principle of Latin America and the Caribbean as a zone of peace, agreed upon by the States of…
Abuja — Crude price fell over 18% in 2025 The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ kept oil output unchanged yesterday after avoiding discussions of the multiple political crises affecting the producer group’s members, from the Middle East as well as Russia, Iran and Venezuela. Sunday’s meeting of eight members…
Abuja — Oil prices fell yesterday as adequate global supplies offset concerns about supply disruptions due to the US capture of Venezuelan President Nicolas Maduro in an audacious raid over the weekend. Nigeria’s benchmark, Brent crude futures, were down 50 cents, or 0.8 per cent, to $60.26 a barrel, while US West Texas Intermediate (WTI)…
Nigeria has emerged as the fifth-best English-speaking country in Africa, according to the 2025 EF English Proficiency Index, cited by reporters on EF’s website on Monday. The report, compiled by global education leader EF, assessed English skills across 123 countries and regions, using data from 2.2 million test-takers. For the first time, this year’s edition…
Flutterwave has acquired Nigerian open banking startup Mono in an all-stock transaction valued between $25 million and $40 million, according to people familiar with the deal. The acquisition brings together two fintech infrastructure companies operating at scale in Africa. Flutterwave runs one of the continent’s largest payments networks, while Mono provides APIs that allow businesses…
African nations and institutions have strongly reacted to the capture of Venezuela’s leader Nicolas Maduro by the United States at the weekend, calling for respect of international law and sovereignty. The African Union said in a statement it would be “following with grave concern the recent developments in the Bolivarian Republic of Venezuela, including reports…
Liberia, alongside Somalia and the Democratic Republic of Congo, on Tuesday called for restraint, dialogue and respect for international law as the United Nations Security Council convened to deliberate on the evolving political situation in Venezuela–marking Liberia’s first major diplomatic intervention since formally reclaiming its seat on the council after more than six decades. The…
Nigeria has been scheduled to lead discussion as senior African government leaders prepares to converge in Cape Town from 3-5 March 2026 to drive investment, policy alignment, and deal-making in Africa’s rapidly expanding energy sector. Nigeria’s Power minister, Adebayo Adelabu, Ministry of Power, is listed as top priority speaker at the Africa Energy Indaba 2026,…
Forecasting fossil fuel demand in this age of unprecedented geopolitical and economic uncertainty coats crystal balls with a layer of coal dust, and in the short term projections could be raised as financial taps to the sector reopen. This past Christmas it seems Santa had an abundance of coal to dish out to those who…
