Category: AFRICA

Building Powerful Nations…Industrial Ownership Matters in Africa, Not Just Jobs!!!

By Dr. Benjamin Acheampong Group President/CVO, Wealth Masters Group,UK. Introduction For decades, many African economies have largely focused on producing employees rather than industrial owners, innovators, and enterprise builders. While jobs are important for economic survival, no nation rises to sustainable prosperity merely by creating workers. Nations become powerful when their people own industries, control production systems, build institutions, and create value at scale. Africa is richly blessed with natural resources, youthful talent, creativity, and market potential. Yet much of the continent remains economically vulnerable because ownership of strategic sectors…

Beefing up Military power Competitive edge…Algeria gets Russian Su-34M fighter jets

Olamilekan Okebiorun,First Published,27 May 2026 12:50 PM Africa’s second most powerful military, Algeria, ranked 27th globally according to Global Firepower, has finally gotten its hands on Russia’s advanced Su-34M strike fighter jets amid a growing military buildup and strategic rivalry across North Africa. Algeria, Africa’s second most powerful military, has received its first batch of Russian Su-34M strike fighter jets, marking a major step in its military modernization. The delivery follows years of speculation about the deal and is part of a broader Algeria-Russia weapons agreement signed seven years ago,…

Two Decades In: What It Takes to Build Circular Systems in Africa

This May, SST marks 20 years of advancing solutions to land-based waste and marine pollution across Africa. Throughout this period, one insight has consistently shaped the organisation’s approach: the challenge is not a lack of effort, but rather a lack of connected systems, resulting in fragmented impact and missed opportunities to scale interventions that work. From intervention to infrastructure SST’s early efforts focused on awareness and behaviour change – a necessary foundation. But as work expanded, it became clear that awareness alone cannot shift outcomes at scale. Behaviour change is…

AfDB-Gov’t of Rwanda launch Results Based-Financing II program to accelerate universal energy access

The African Development Bank Group, in partnership with the Asian Infrastructure Investment Bank (AIIB) and the Government of Rwanda, has launched the Energy Sector Results Based Financing Phase II (RBF II) Program, to drive achievement of universal access to reliable, clean, and affordable energy in the country. With a total program cost of $300 million, phase two will be financed through a loan of $200 million from the African Development Bank and a $100 million loan from AIIB,  reflecting strong multilateral collaboration to scale up impact in Rwanda’s energy sector. RBF II…

Improving mobility, security access…Burkina Faso pumps $70 million into roads

Segun Adeyemi,First Published,27 May 2026 10:04 AM Burkina Faso has inaugurated eight new road infrastructure projects in the capital, Ouagadougou, to improve urban mobility and access to strategic areas amid rapid population growth. Burkina Faso has inaugurated eight new road projects across Ouagadougou worth more than $70 million. The developments cover over 22 kilometres and include the key Northern Ring Road corridor. Officials say the infrastructure aims to improve mobility, security access and urban connectivity. The investment comes as the capital faces rapid demographic growth and increasing traffic pressure. The…

Africa Cannot Drink Potential!!

By: Alice Frimpong Sarkodie,Director – Nobel Heights School Every year on African Union Day, we celebrate our culture, our resilience, our beauty, our resources, and our dreams for the future. We speak proudly of the Africa we want. But this year, the theme of the African Union forces us to confront a painful but necessary truth: A continent rich in rivers should not be thirsty. A continent full of brilliance should not lack sanitation. A continent filled with potential should not still struggle for basic human dignity. The African Union’s…

Kasi Cloud Datacenters Commissions West Africa’s First Hyperscale-Ready, AI-Capable Data Centre Campus in Lagos

By GlobeNewswire,First Published,May 20, 2026 Flag-off ceremony marks Nigeria’s transition from digital consumer to digital owner – as $850M in annual offshore cloud spend gains a sovereign, AI-ready home LAGOS, Nigeria, May 19, 2026 (GLOBE NEWSWIRE) — Kasi Cloud Datacenters  held the flag-off ceremony for its Lekki campus in Lagos – marking the commissioning of West Africa’s first hyperscale-ready, AI-capable, carrier-neutral data centre platform according to an official statement issued in Lagos,Teusday. The event,the statement said, signals the transition of Kasi LOS1 from construction into operational readiness, opening for the first…

Rendeavour appointed as AfCFTA inaugural implementation partner

Rendeavour becomes the African Continental Free Trade Area’s inaugural implementation partner for African industrialisation and trade infrastructure The African Continental Free Trade Area (AfCFTA) has partnered with Rendeavour, Africa’s new city builder, to support the implementation of the AfCFTA through infrastructure-led industrialisation, integrated economic zones and trade-enabling urban development across the continent an official statement in Lome,Friday,has disclosed. Through the partnership, the statement said,Rendeavour will support the AfCFTA Secretariat across three priority areas: advancing the role of Special Economic Zones (SEZs) as drivers of industrialisation, mobilising private capital for trade- enabling infrastructure,  and…

Uganda-Dangote Group join hands for East Africa’s Energy Security

Ugandan President has expressed his support for the construction of a proposed regional oil refinery valued at USD17bn, aimed at strengthening industrialisation and energy security in East Africa (Ugandan government statement, 17/05/2026). According to the statement, the President made these remarks during a meeting with visiting Nigerian industrialist Aliko Dangote, the project’s proponent. He stated that the refinery would contribute to broader efforts to advance regional integration, value addition, and industrial development across Africa. The proposed refinery is estimated to cost between USD15bn and USD17bn, with a designed processing capacity of 650 kb/d of crude oil. The facility is intended to supply Uganda, Kenya, Tanzania, Ethiopia, South Sudan, the Democratic Republic…

Seychelles-Greece Reaffirm Bilateral Relations…As Prez receives Ambassador Designate

The President of the Republic of Seychelles, Dr. Patrick Herminie, received the Letters of Credence of His Excellency Mr. George Psiachas, Ambassador-Designate of the Hellenic Republic of Greece to Seychelles an official statement issued in Victoria,Teusday,has disclosed. The accreditation ceremony the statement said,was held in the morning at State House. During their discussions,it added, President Herminie congratulated the new Ambassador of Greece and highlighted that Seychelles and Greece have enjoyed warm and longstanding f relations since the establishment of diplomatic ties in July 1980. The President further expressed Seychelles’ appreciation…