Four killed in road accident in SW Nigeria

accident At least four people died and 13 others were injured on Wednesday in a lone accident in southwest Nigeria’s Ogun state, local authorities said. The incident, involving a passenger bus traveling along an expressway in the state on Wednesday afternoon, was due to excessive speed and tire burst, said Ahmed Umar, sector commander of

Private wealth distribution in Africa

As it turns out, the report contains more useful information we believe you will find interesting. So, today we are focusing on how Africa’s $2.1 trillion private sector wealth is actually distributed among ordinary Africans. As you may already know, GDP per capita is all about national income divided by the total population. Investopedia defines

Africa’s biggest champagne importers – Nigeria, Ghana, Congo among top 10

Recent figures obtained by How we made it in Africa reveal the biggest African importers of French champagne, with South Africa, Nigeria and Côte d’Ivoire in the top three places. According to Comité Champagne, a trade association that represents producers in the Champagne wine region of France, the industry was re-invigorated in 2021 after being

Africa’s Top 9 Most Valuable Startups

The global climate has now become increasingly favourable to the growth of startups. CB insights reports that there are 1,087 unicorn – billion-dollar – startups in the world as of April, 2022. US and China dominate the list, both accounting for over 67% of the world’s unicorn startups. In recent years, African startups have shown

Big sub-Saharan economies set for sluggish growth in 2022 | The Mighty 790 KFGO

By Vuyani Ndaba JOHANNESBURG (Reuters) – The recovery in sub-Saharan Africa’s major economies will gain little traction this year as weak local currencies undermine a boost to export earnings from high commodity prices, a Reuters poll found on Thursday. The potential for gross domestic product growth to make a meaningful reduction in overblown budgets is

The African countries with cannabis-friendly legislation

Share this with more people! If you look at the map showing the legality of cannabis by country, the African continent doesn’t stand out as particularly green. It doesn’t mean, however, that this crop is unknown here or not widely used. In 2019, the United Nations Office on Drugs and Crime (UNODC) reported that in

Report ranks Tanzania 7th in number of dollar millionaires in Africa

By Paul Owere Dar es Salaam. Tanzania has been ranked seventh in terms of the number of dollar millionaires, according to a report by research firm New World Wealth and Henley & Partners which helps high-net-worth individuals to acquire residence or citizenship through investment. The Africa Wealth Report 2022 indicates that Tanzania has 2,400 individuals