Dilemma X

World leaders to attend World Economic Forum on Africa in Nigeria Xinhua LAGOS-Ten heads of states and no fewer than 900 delegates have registered to participate in the World Economic Forum on Africa to be held in Abuja in May, the organizer said on Friday. The Media Coordinator of the forum Ogho Okiti said participants […]

Angola is moving into oil’s big leagues By Meagan Clark and Kathleen Caulderwood International Business Times After decades of sporadic growth and political turmoil, Angola is on the verge of catapulting to the top ranks of the world’s energy economy following major deep-water production investments by several top global oil companies. France’s Total announced that […]

Zimbabwe celebrates 34 years of independence By Hebert Zharare and Lloyd Gumbo The Herald (Zimbabwe) Queen Elizabeth II of the United Kingdom and US president Barack Obama yesterday congratulated Zimbabwe on the occasion to mark its 34th Independence Day today as hundreds of thousands of Zimbabweans from all walks of life gather at various centres […]

Angola to grant De Beers new diamond exploration license BY Shriesh Laxmidas Reuters LUANDA – Angola, the world’s fourth-largest diamond producer by value, will approve a new concession to De Beers to explore for diamonds, Geology and Mines Minister Francisco Queiroz said. London-based De Beers, majority-owned by global miner Anglo American (AAL.L), previously explored in […]

Guinea-Bissau holds first poll since 2012 coup amid hopes for stability Xinhua BISSAU- The first presidential and legislative elections since a 2012 military coup in Guinea-Bissau was held on Sunday amid hopes for a return to stability, as nearly 800,000 voters cast ballots at polling stations across the west African country. Voters will elect a […]

Nigeria is now the largest economy in Africa Nigeria’s economy surpassed South Africa’s as the largest on the continent Tolu Ogunlesi The Guardian (UK) After months of delays and mounting anticipation, Nigeria’s economy has been officially “rebased”. It is now worth $510bn (2013 figures) – an 89% rise, far in excess of analysts’ predictions. Nigeria […]

Nigeria set to overtake South Africa as Africa’s biggest economy REUTERS Nigeria will rebase its GDP on Sunday, the statistics office said, in a move that will boost its estimated size by anything from around 40 to 70% and is almost certain to push it ahead of South Africa to become Africa’s biggest economy. The […]

How non-Africans make huge profits from Africa’s oil By Mark Jenkins NPR There are three categories of schemers in Big Men, Rachel Boynton’s illuminating documentary about the oil business in West Africa: businessmen, politicians and bandits. Sometimes, though, it’s hard to tell the types apart. Filmed over about five years, the movie follows the seesawing […]

National Assembly has passed amendments legalizing polygamy By Wilfred Ayaga The Standard (Kenya) NAIROBI- The National Assembly has passed controversial amendments that would strengthen the male hand within the family and other social relationships. Male MPs ganged up to pass the amendments that would have far reaching ramifications on the family. The Committee of the […]

Africa: Namibia celebrates 24 years of independence The Namibian WINDHOEK- Namibia celebrated 24 years of independence at the Independence arena in Windhoek today. The President of Nigera, Goodluck Ebele Jonathan along with his Nigerian delegation graced the celebration with their presence. The stadium was filled with colourful celebrations and different tribes from all over the […]