Our website use cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include cookies from third parties like Google Adsense, Google Analytics, and Youtube. By using the website, you consent to the use of cookies.

Nigeria court adjourns Binance and execs trial to May 17

Nigeria court adjourns Binance and execs trial to May 17

A Nigerian court adjourned a money laundering trial against cryptocurrency exchange Binance and two of its executives to May 17 after a lawyer for the exchange said he had not been served with documents needed to prepare for the case. Binance and its executives Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and British-Kenyan Nadeem Anjarwalla, a regional manager for Africa, have been charged with laundering more than $35 million and engaging in specialised financial activities without a licence. They have all pleaded not guilty. On Thursday, Binance's lawyer complained in court that he had not been…
Read More
Nigerian gasoline prices soar as shortages worsen cost of living crisis

Nigerian gasoline prices soar as shortages worsen cost of living crisis

GASOLINE shortages persisted in Nigeria's major cities on Tuesday, causing a sharp increase in prices and exacerbating the country's cost of living crisis. Prices in some retail outlets in Lagos and Abuja rose above 850 naira, while those outside major cities, such as Kano, soared above 1000 naira, though the government-owned oil firm, NNPC Ltd, which imports the products sells at an average price of 617 naira. President Bola Tinubu's government last year removed subsidies and allowed private firms to import but foreign currency shortages and a cap on the price of petrol have meant NNPC remains the sole importer.…
Read More
Global tech giants in Africa AI gold rush

Global tech giants in Africa AI gold rush

GLOBAL technology giants including Microsoft, IBM, Huawei, Nvidia, and Google are lining up to tap into a multi-billion dollar opportunity in the nascent Artificial Intelligence (AI) market. The five multinationals top the list of more than 100 tech companies across the globe that will feature in the ‘AI Everything’ forum in this year’s GITEX Africa 2024, the continent's premier tech and startup event. Organisers of this event scheduled to take place from May 29 to 31, 2024, in Marrakech, Morocco said the conference offers these tech titans a pivotal opportunity to engage and forge fresh connections with pioneering African startups, business…
Read More
UK begins detaining migrants set to be deported to Rwanda

UK begins detaining migrants set to be deported to Rwanda

BRITISH authorities have started to detain migrants in preparation for them to be sent to Rwanda in the next nine to 11 weeks, the government said, laying the groundwork for Prime Minister Rishi Sunak's flagship immigration policy. Parliament last month approved a law that paves the way for sending asylum seekers to Rwanda if they arrive in Britain without permission. Sunak, who is expected to call an election later this year in which illegal migration is likely to feature prominently, wants the first flights to take off in July. More than 7,500 migrants have arrived in England on small boats from France…
Read More
Kenya flood toll rises to 181 as homes and roads are destroyed

Kenya flood toll rises to 181 as homes and roads are destroyed

FLOODS and landslides across Kenya have killed 181 people since March, with hundreds of thousands forced to leave their homes, the government and Red Cross said, as dozens more were killed in neighbouring Tanzania and Burundi. Torrential rain and floods have destroyed homes, roads, bridges and other infrastructure across the region. The death toll in Kenya exceeds that from floods triggered by the El Nino weather phenomenon late last year. In the central Kenyan town of Mai Mahiu, where at least 48 died in flash floods on Monday, two bodies were recovered from the debris on Wednesday, Kenya Red Cross South Rift…
Read More
bird TenX: 10 major road networks connecting Africa

bird TenX: 10 major road networks connecting Africa

MAJOR road networks are not merely stretches of asphalt; but vital arteries that boost trade, connect communities, and foster economic growth across the African continent. They represent a commitment to progress and the betterment of interconnectivity within Africa. The Trans-African Highway Network is an ambitious, pan-African road network of major roads aiming to cover 56,683 kilometres by merging 9 highways. The mega project is a collaborative initiative by the African Union, the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (UNECA) in collaboration with individual countries. The following is a selected list of 10 of the…
Read More
Britain sanctions three Ugandan officials under anti-corruption laws

Britain sanctions three Ugandan officials under anti-corruption laws

BRITAIN sanctioned the speaker of the Ugandan parliament, Anita Among, and two high profile Ugandan lawmakers on Tuesday, targeting corruption in the East African country for the first time with its sanctions regime. Among plus Mary Kitutu and Agnes Nandutu, former ministers for the Karamoja region, will be subject to travel bans and asset freezes under the UK's Global Anti-Corruption sanctions regime. Britain said Kitutu and Nandutu had stolen thousands of iron sheets from a government-funded housing project aimed at helping vulnerable communities in Karamoja. Among had benefited from the proceeds of the theft, London's statement added. "The UK is…
Read More
The social entrepreneur helping drive Nigeria’s green economy

The social entrepreneur helping drive Nigeria’s green economy

IFEDOLAPO Runsewe is prospecting for "black gold". Although Nigeria is one of the world’s leading crude oil exporters, this time oil is not the “black gold” Runsewe is looking for. A sustainability-driven entrepreneur based in Ibadan, southwestern Nigeria, Runsewe is the founder of Freee Recycle, a waste management company that transforms discarded vehicle tyres into safer, usable products. Freee Recycle is also the launch vehicle for Runsewe's vision of a cyclical economy. “A lot of people are worried about the amount of waste we generate and the impact it's having on our ecosystems. The desire to conserve resources and improve…
Read More
Prince Harry and Meghan set to embark on unofficial Royal Tour of Nigeria

Prince Harry and Meghan set to embark on unofficial Royal Tour of Nigeria

PRINCE Harry and Meghan, the Duke and Duchess of Sussex, are gearing up for their first non-official royal tour of Nigeria, according to the UK Daily Mail.  The couple has been invited to Nigeria by the country's chief of defence staff following their connection at the Invictus Games Dusseldorf in Germany last September. Their Nigerian itinerary is filled with 'cultural activities' for this unofficial royal visit, including meetings with service members and their families. Nigerian media reports suggest the couple will also participate in traditional cultural activities during their stay. The decision by the Sussexes to accept the invitation has…
Read More
EU restricts visa provisions for Ethiopian nationals

EU restricts visa provisions for Ethiopian nationals

THE European Union has decided to restrict its visa provisions for Ethiopian nationals due to a lack of cooperation from Ethiopia's government over repatriating those who stay illegally, the EU Council said. The move comes as European governments try to tackle the problem of refugees leaving war-torn countries in Africa and aiming to enter Europe via perilous crossings over the Mediterranean Sea, often organised by criminal gangs. "This decision follows an assessment by the Commission, which concludes that cooperation by Ethiopia in the field of readmission of its nationals illegally staying in the EU is insufficient," said the EU Council.…
Read More