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Everything You Need to Know About the NDDC Youth Internship SchemeI want to apply
- akeri akpokabowei
In mid-2024, African countries are grappling with high debt-to-GDP ratios due to excessive borrowing, economic mismanagement, and political instability. Eritrea, Sudan, and Zambia top the list, with debts exceeding their economic output.
In mid-2024, many African nations face mounting debt due...
Africa
South Africa's Johann Rupert Surpasses Dangote as Africa's Wealthiest, Now Worth $14.3 Billion
South African billionaire Johann Rupert has overtaken Aliko Dangote as Africa’s richest person, with a net worth of $14.3 billion compared to Dangote’s $13.4 billion. Rupert's wealth surged due to favorable market conditions, while Dangote's fortune declined amid Nigeria's economic challenges...
In an era defined by economic dynamism, Africa emerges as a continent of burgeoning growth and opportunity. According to the latest report from the African Development Bank titled Macroeconomic Performance and Outlook (MEO), the top 10 fastest-growing economies in Africa for 2024 paint a...
Africa
French Media Giant Canal+ Proposes $2.9 Billion Bid for MultiChoice in Pan-African Broadcasting Move
French media group Vivendi’s Canal+ has announced its intention to acquire all remaining shares of South African broadcaster MultiChoice, marking a significant move in the global media landscape.
The proposed offer, valued at 125 rand per share in cash, represents a premium of 66% over...
Africa
MainOne Announces Eight-Week Repair Timeline for Subsea Cable After West Africa Internet Outage
MainOne, a key player in digital infrastructure services, has disclosed that the repair process for the recently damaged subsea cables, causing widespread internet disruptions in Nigeria and other West African countries, will extend up to eight weeks. The outage, which occurred on March 14...
MainOne, a West African digital infrastructure service provider, anticipates that repairing its undersea submarine cables may take one to two weeks following major cuts to undersea cables on Thursday, causing internet disruptions across the continent.
The cable cuts affected the operations of...
A series of major submarine cable cuts in the Red Sea on Thursday sent shockwaves through the digital infrastructure of several African nations, resulting in widespread internet disruptions in Nigeria, Ghana, Cote d’Ivoire, Liberia, and parts of South Africa.
The affected submarine cable...
Ghana's government is at risk of losing a substantial $3.8 billion in World Bank funding due to the recent passage of an Anti-LGBTQ+ bill by the country's parliament.
The Finance Ministry has urgently appealed to President Nana Akufo-Addo to delay signing the bill into law until its...
French media company Canal+ has confirmed its intent to acquire additional shares of South African pay-TV company MultiChoice (MCGJ.J) by April 8, following a ruling by South Africa’s Takeover Regulations Panel.
With a 35.01% shareholding in MultiChoice, Canal+ is required to make a firm...
After Elon Musk's takeover, Twitter has finally paid severance to its former African team based in Accra, according to their lawyer, Carla Olympio. The team faced layoffs, and severance offers were reportedly extended only after CNN brought attention to the situation.
Olympio emphasized the...
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