Written by Osetemega Iribiri February 5, 2023 In November 2022, Nigeria's outgoing President, Muhammadu Buhari, unveiled the newly designed naira denominations of N1000, N500, and N200 introduced by the Central Bank of Nigeria (CBN). The CBN Governor, Godwin Emefiele, said significant cash withdrawals from financial institutions would be monitored and scrutinized. He affirmed that the... Continue Reading →

Written by Osetemega Iribiri September 26, 2022 As African leaders converged in New York for the 77th United Nations General Assembly (UNGA), for one, it was his last, and another his first. Kenya’s new president, William Ruto, gave his debut speech at the UNGA. He drew attention to investment opportunities and the effects of climate... Continue Reading →

Written by Osetemega Iribiri October 3, 2022 In the early hours of Friday, September 30, 2022, sounds of gunfire were heard near the Baba Sy military camp, near the presidential palace in Kosyam. Military vehicles were deployed in several strategic locations in Ouagadougou and Radiodiffusion Télévision du Burkina (RTB), the national television station, had its... Continue Reading →

Written by Osetemega Iribiri October 24, 2022 The Cedi, Ghana's national currency, has depreciated by 47% against the dollar, making it the worst-performing currency to the dollar. Further, its annual inflation stood at 37.2% in September, the worst in twenty-one (21) years. Consequently, members of the Ghana Union of Traders Association suspended commercial activities in... Continue Reading →

Written by Osetemega Iribiri November 7, 2022 A New Zulu King Last week Saturday, October 29, 2002, Durban, South Africa, witnessed its first Zulu king coronation since 1971. The event was marked by President Cyril Ramaphosa officially recognizing the new king, Misuzulu kaZwelithini. The president said, "Our king is indeed officially the king of the... Continue Reading →

Written by Osetemega Iribiri December 5, 2022 South Africa's president, Cyril Ramaphosa, who came into power with the mantra of combatting corruption, is under pressure to resign over corruption allegations in the Farmgate scandal. South Africa's former spy chief, Arthur Fraser, accused the president of money laundering, corruption, and covering up large theft of cash.... Continue Reading →

Written by Osetemega Iribiri - September 19, 2022 At about 200 trillion cubic feet, Nigeria possesses the largest proven gas reserves in Africa and the seventh in the world. It is predominately untapped, flared, or re-injected into oil wells. In December 2016, King Mohammed VI of Morocco visited President Muhammadu Buhari of Nigeria. The two... Continue Reading →

Written by Osetemega Iribiri - September 12, 2022 As a follow-up to last week’s report on Kenya’s presidential election: Kenya’s Supreme Court, led by Chief Justice Martha Koome, outrightly dismissed Raila Odinga’s claims of election rigging and irregularities. The decision was a stinging defeat for Odinga, who has persistently contested for the presidential seat five... Continue Reading →

Written by Osetemega Iribiri - September 5, 2022 The peaceful transfer of power is not a reality in all African countries. For instance, some elections result in military coups in Burkina Faso, Chad, Guinea, Mali, and Sudan, and protests in Eswatini. Nevertheless, the situation is not all gloomy as countries like Zambia and Malawi have... Continue Reading →