Eye On

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New Kid on the Block

BUA Foods: Why Bet on Nigeria’s Newest FMCG Conglomerate

With BUA Foods, Rabiu is betting on Nigeria’s agriculture and fast-moving consumer goods (FMCG) market by consolidating its sugar, rice, flour, pasta and edible oils business into one single entity.

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Oil & Gas

Eyes on the Prize: African exploration is back!

From Angola to Kenya, several key exploratory wells are currently being drilled across sub-Saharan Africa. New discoveries could open up brand new frontiers and transform the continent's energy landscape before 2030.

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Oil prices

African oil producers have missed on over $29bn of gross oil revenue since January

Since the start of the year, Hawilti has been estimating the cost of under-investment in key producing markets such as Nigeria, Angola and the Republic of Congo.

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Fighting Recession

Equatorial Guinea to remain world’s worst performing economy until at least 2026

Not only will Equatorial Guinea's economy be amongst the very few whose GDP does not recover from the Covid-19 pandemic, it will also be the only African economy with a negative GDP growth for the foreseeable future.

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Sports

How Obama’s backing for NBA Africa venture could boost basketball on the continent

Former US president Barack Obama’s decision to invest in the National Basketball Association’s Africa venture reflects a lot about his past – his basketball playing youth and his African roots. It also signals that his future ambitions stretch beyond US borders.

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Politics

Why Edgar Lungu and his party lost Zambia’s 2021 elections

Hakainde Hichilema’s election victory is the third time an opposition leader has unseated an incumbent president in Zambia since 1991. Hichilema promised to grow the economy to alleviate people’s suffering, restore the rule of law, end corruption and that, unlike his opponents, he was not contesting to secure a job.

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Health

A plant grown in Nigeria shows potential for epilepsy treatment

Research into the Tetrapleura tetraptera, also known as aidan and uyayak, found that an extract of its fruit could protect against seizure and prevent brain degeneration. It could therefore be studied further for the development of a new antiepileptic drug.

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