By Charles Muchoki | Africa Guardian In 2023, Chinese lenders committed $4.61 billion in loans to Africa, marking the first annual increase in seven years, according to a study by Boston University’s Global Development Policy Centre. This figure represents a more than three-fold increase from the previous year, highlighting China’s renewed interest in African investments after a significant decline…
By Elizabeth Antidius Shumbusho | Africa Guardian Africa is a continent of immense diversity, encompassing over 50 countries, thousands of languages, and a wide array of ecosystems. Yet, it is often misunderstood, with many misconceptions persisting due to stereotypes, outdated information, or a general lack of knowledge. These misconceptions can lead to negative attitudes and an oversimplified view of…
By Edson Baraukwa | Africa Guardian Since its inauguration in 2016, Tanzania’s Nyerere Bridge has generated Sh102.18 billion, according to the government. Despite this significant revenue, the bridge is still far from recouping its total investment cost. The bridge is an investment by the National Social Security Fund (NSSF) and is projected to repay Sh344 billion over 30 years,…
Flutterwave has been granted a Payment Systems Operator (PSO) license by the Bank of Uganda license which positions them to significantly impact Uganda’s rapidly growing digital payments space. Flutterwave has obtained a Payment Systems Operator (PSO) license from the Bank of Uganda, a significant milestone that marks a pivotal moment for the fintech company as it continues to expand…
Flutterwave has been granted a Payment Systems Operator (PSO) license by the Bank of Uganda license which positions them to significantly impact Uganda’s rapidly growing digital payments space. Flutterwave has obtained a Payment Systems Operator (PSO) license from the Bank of Uganda, a significant milestone that marks a pivotal moment for the fintech company as it continues to expand…
Our Correspondent | Africa Guardian South African luxury goods tycoon Johann Rupert has claimed the title of Africa’s richest man, surpassing Nigeria’s Aliko Dangote. The 74-year-old Rupert, who controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust, now leads the continent’s billionaires. Richemont, based in Bellevue, Switzerland, owns prestigious brands such as Jaeger-LeCoultre and Cartier….
Our Correspondent | Africa Guardian South African luxury goods tycoon Johann Rupert has claimed the title of Africa’s richest man, surpassing Nigeria’s Aliko Dangote. The 74-year-old Rupert, who controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust, now leads the continent’s billionaires. Richemont, based in Bellevue, Switzerland, owns prestigious brands such as Jaeger-LeCoultre and Cartier….
By Charles Muchoki | Africa Guardian Elon Musk’s Starlink is poised to shake up Africa’s internet landscape with a new router-free service, potentially disrupting the market dominance of established telecom giants like Safaricom and MTN. By eliminating the need for costly hardware, Starlink aims to lower barriers to internet access in a region where high costs have long limited…
By Charles Muchoki | Africa Guardian Elon Musk’s Starlink is poised to shake up Africa’s internet landscape with a new router-free service, potentially disrupting the market dominance of established telecom giants like Safaricom and MTN. By eliminating the need for costly hardware, Starlink aims to lower barriers to internet access in a region where high costs have long limited…
By Edson Baraukwa | Africa Guardian G7 nations are slowing down the development of gas projects in Africa, much to the frustration of TotalEnergies CEO Patrick Pouyanné, who fears this will hinder the global energy transition. Pouyanné has strongly criticized the West’s “exclusion policy,” which cuts off funding for fossil fuel projects in Africa, warning that such restrictions could…