Dangote got $4.3 billion richer last year

Aliko Dangote, Africa’s richest man, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. The 62-year-old Nigerian businessman and Africa’s most prominent industrialist ended the decade with a net worth of almost $15 billion, making him the 96th wealthiest man in the […]

The Liberian Swedish Association in 2019

2019 was a successful year for the Liberian Swedish Association (LSA) says its president David Ford. Below, Mr. Ford reflects on the year in a conversation with Nordic Africa News. What were the goals of the administration in your first year? Upon taking over the leadership of the Liberian Swedish Association (LSA) on December 1, […]

2019: The big year of tech investment in Africa

2019 was the year that dealmaking on the continent got serious. Very serious. In November alone, indeed one specific seven day period in November, investors announced over $400m for various fintechs on the continent, without a doubt the wildest week the sector has ever seen. And no, it wasn’t a flurry of announcements for modest rounds, but […]

Liberia needs a heart transplant

By Alexander Redd INTRODUCTION We are witnessing a unique fractured time in our nation’s history. It is not our worst, but far from our best. Only together in oneness of spirit and heart that we will rebuild the trust we seem to have lost in each other. Our affection for the rule of law conflates […]

Sweden: Violence among young couples

More needs to be done in Sweden to counter violence in young couples’ relationships. This is evidenced by a new report prepared by the Swedish Gender Equality Agency. The agency also notes that Sweden lacks sufficient knowledge of methods to prevent violence among children and young people, not least when it comes to boys and […]

US provides assistance to Liberia’s central bank

The US embassy in Liberia, in coordination with the Government of Liberia and international partners, on Friday announced a technical assistance program to be provided through the U.S. Agency for International Development (USAID) to the Central Bank of Liberia (CBL). The aim of the program is to assist the CBL to more effectively perform its […]

ECOWAS happy with AfDB investments in region

The African Development Bank’s investments in West Africa are yielding remarkable results, the President of the Economic Community of West African States (ECOWAS), Jean-Claude Kassi Brou, said in Abuja, the Nigerian capital, on Saturday. He was speaking at the bloc’s fifty-sixth ordinary session, attended by regional heads of state and government. Brou said the bank […]

Basketball Africa League unveils official logo

Basketball Africa League (BAL), a new professional league featuring 12 club teams from across Africa and scheduled to begin play in March 2020, unveiled the league’s official logo on Thursday.  The new logo, which features the silhouette of a basketball player taking a jump shot on a vibrant green, yellow, red and royal blue background, […]

Africa’s retail industry to benefit from SGI Dubai 2020

Africa’s growing youth population, rapid urbanisation and the increased purchasing power of these consumers, are key factors that are driving this massive US$500 billion retail ecosystem. This high growth industry needs to be equipped with the latest innovation and communication tools to further sustain the growth and attract the right target audience, especially the millennials. […]

Liberia can’t just run and print off scads of cash

By Seltue Karweaye In a communication dated December 15, 2019, Liberian President Weah stressed the increasing liquidity needs of the economy, informing the Senate that the current liquidity projection of the CBL, compared with a very low Liberian dollars vault cash position of both the CBL and commercial banks, makes it imperative to infuse additional […]