by on July 26, 2018
Aliko Dangote. Picture: REUTERS/AKINTUNDE AKINLEYE Africa's richest man, Aliko Dangote, has arranged more than $4.5 billion in debt financing for his Nigerian oil refinery project and aims to start production in early 2020, he told Reuters. Dangote, who built his fortune in cement, is building the world's largest single oil refinery with capacity of 650,000 barrels per day (bpd) to help to reduce Nigeria's dependence on imported petroleum. Despite being a crude oil exporter, Nigeria import...
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by on July 4, 2018
In as much that Africa is perceived as the poorest continent in the world, there are some cities on the continent that would make you want to have a second thought about the general perception. These cities can rub shoulders with some big cities of the world such as Madrid, Rio De Janeiro, Buenos Aires, Paris and even Tokyo. Let’s take a look at the top 10 cities that made the list of Top 10 Most Beautiful Cities In Africa. Considered the poorest continent on the planet, Africa is the home to...
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by on July 4, 2018
South Africa is one of the most unequal countries in the world, with over 50% of the country estimated to be chronically poor.  Many South Africans find it surprising to find out where they lie on the country’s income distribution curve, says the Southern Africa Labour and Development Research Unit (SALDRU) at the University of Cape Town. The unit created an online tool to help South Africans determine their own position. “The tool was designed to help people understand the nature and exte...
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by on July 4, 2018
Kampala is Uganda's national and commercial capital bordering Lake Victoria, Africa's largest lake. Hills covered with red-tile villas and trees surround an urban centre of contemporary skyscrapers. In this downtown area, the Uganda Museum explores the country's tribal heritage through an extensive collection of artefacts. On nearby Mengo Hill is Lubiri Palace, the former seat of the Buganda Kingdom. The city grew as the capital of the Buganda kingdom, from which several buildings survive, in...
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