<img src="https://ocdn.eu/pulscms/MDA_/8a596adb1432c414ab5df959db3fcb4e.jpg" alt="Top 10 African countries with the kindest people" />
Every community and nation on the planet understands the value of civil society and charity, and Africa is no different. People from numerous African countries to varying degrees participate in charitable acts, given the continent’s current socio-economic reality. Additionally, the culture in some of these countries encourages charity whether there is a significant need for it.
<ul type="disk">
<li>Business Insider Africa presents the top 10 African countries with the kindest people.</li>
<li>This list is courtesy of the Charity Aid Foundation’s World Giving Index Report.</li>
<li>Kenya ranks number 1 on the list.</li>
</ul>
Kindness, whether shown via volunteering or financial contributions, can help to overcome disparities. Donations to vulnerable populations, such as orphans, the elderly, and people with disabilities, for example, allow them to live with dignity, improve their quality of life, and empower them to actively engage in their communities.
Furthermore, volunteers frequently address the gaps left by poor or nonexistent formal services. For example, volunteers assist in running informal schools, provide tutoring, and mentor young people in isolated areas with little access to formal education.
<a href="https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-with-the-highest-number-of-donors/g4pr0b4">SEE ALSO: Top 10 African countries with the highest number of donors</a>
This develops the next generation of leaders, encourages innovation, and advances literacy. Volunteering fosters an inclusive and caring culture that helps communities become less dependent on outside help and more self-sufficient.
With that said, here are the 10 kindest countries in Africa based on the amount of people that donated their time or money in assistance to the less privileged.
This list is based on a report by the <a href="https://www.cafonline.org/docs/default-source/updated-pdfs-for-the-new-website/world-giving-index-2023.pdf">World Giving Index, by the Charity Aid Foundation (CAF)</a>.
The organization noted that it gave more than £1 billion to hundreds of thousands of organizations in 119 countries in the most recent fiscal year.
<h3>Top 10 African countries with the kindest people </h3>
 RankCountryWorld giving indexHelped a stranger (% of adults)Donated money (% of adults)Volunteered (% of adults)Global rank1.Kenya6076%53%51%3rd2.Liberia5880%30%65%4th3.Nigeria5379%41%37%9th4.Gambia5269%54%33%12th5.Ethiopia5062%54%33%16th6.Sierra Leone4876%26%42%23rd7.Chad4768%36%38%26th8.Guinea4668%33%38%29th9.Uganda4670%32%36%30th10.Ghana4667%36%34%33rd

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Top 10 African countries with the kindest people 

<img src="https://ocdn.eu/pulscms/MDA_/5cddb50f43bf514a111dcbbb5b9e69c6.jpg" alt="Nigeria's inflation drops for the second month, fuel price hike clouds outlook" />
Nigeria's headline consumer inflation eased for the second consecutive month in August, dropping to 32.15% year-on-year from 33.40% in July, 
<ul type="disk">
<li>Nigeria's consumer inflation eased to 32.15% year-on-year in August from 33.40% in July.</li>
<li>Inflation dropped for the second consecutive month, raising concerns about a short-lived slowdown.</li>
<li>The food inflation rate in August 2024 stood at 37.52% year-on-year, marking an 8.18 percentage point increase from August 2023.</li>
</ul>
Nigeria's headline consumer inflation eased for the second consecutive month in August, dropping to 32.15% year-on-year from 33.40% in July, according to data released by the<a href="https://www.nigerianstat.gov.ng/"> National Bureau of Statistics (NBS)</a> on Monday.
Nigeria's headline inflation rate dropped in July for the first time in over a year, easing to 33.40% annually from <a href="https://africa.businessinsider.com/local/markets/nigerias-inflation-reaches-28-year-high-in-june/p0qxg4r#:~:text=The%20inflation%20figure%20marks%20a,2023%2C%20which%20was%2022.79%25.">34.19%</a> in June. The last time annual inflation declined was in December 2022.
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However, there are concerns the recent slowdown in inflation might be short-lived, especially after petrol prices were hiked twice in September.
The headline inflation rate in August 2024 showed a decrease of 1.25 percentage points compared to the rate in July 2024. This movement indicates a slowing pace in the rise of prices during this period.
On a year-on-year basis, the headline inflation rate was 6.35 percentage points higher compared to the rate recorded in August 2023 (25.80%). Meanwhile, on a month-on-month basis, the headline inflation rate in August 2024 was 2.22%, a slight decrease of 0.06 percentage points from the 2.28% recorded in August 2024.
<h3>Food inflation</h3>
The food inflation rate in August 2024 stood at 37.52% year-on-year, marking an 8.18 percentage point increase from the 29.34% recorded in August 2023.
On a month-on-month basis, food inflation in August 2024 was 2.37%, showing a slight decrease of 0.10 percentage points compared to the 2.47% recorded in July 2024.

Nigeria&#039;s inflation drops for the second month, fuel price hike clouds outlook

<img src="http://ocdn.eu/images/pulscms/ZmM7MDA_/1e54ffda-9edc-45d6-9eaf-e4b01a549b0c.jpeg" alt="14. Gautam Adani" />
The Indian company, Adani group, which has vested interest in Kenya has this morning denied protest related allegations laid against it. The group noted that unofficial statements involving the group should not be taken seriously. This debacle relates to a protest that had occurred last week which saw to the immediate halt of flight activities.
<ul type="disk">
<li>Adani Group denies allegations related to protests in Kenya.</li>
<li>Unofficial statements about the group were refuted as false.</li>
<li>The group clarified that they had not issued any press releases related to Kenya.</li>
</ul>
The Indian business Adani Group disclosed on Monday that there has been information published about a strategy to take action against demonstrators in Kenya. The organization stated that such sentiments had nothing to do with them.
As seen in the <a href="https://www.business-standard.com/companies/news/adani-group-warns-against-fake-press-releases-linked-to-its-kenya-projects-124091600671_1.html">Business Standard</a>, the company noted that a press release titled "Adani Group denounces baseless accusations and threats" is false and placed the blame for the event on "vested interests with malicious intent."
“We categorically state that neither the Adani Group nor any of its companies or subsidiaries have issued any press releases related to Kenya,” the company issued.
The company asked that the public should ignore such announcements. It also suggested subscribing to press releases from its official website and threatened legal action against anybody involved in disseminating misleading information.
The group's clarification came shortly after an unsubstantiated news release circulated saying that the group was "disturbed" by ongoing protests in Kenya over its projects and was exploring possible "action" against the protestors.
<h3>Kenya protest against Adani group</h3>
Due to a staff protest against the Indian corporation Adani group, travelers wishing to travel via Kenya's Jomo Kenyatta International Airport (JKIA) on Wednesday, September 11th, were either unable to do so, or significantly delayed.
The large union that represented aviation workers in Kenya<a href="https://africa.businessinsider.com/local/lifestyle/protests-over-an-indian-deal-causes-disarray-at-kenyas-main-airport/yl4bh1g"> launched a protest on Wednesday</a> against a new deal that would allow the Adani Group of India to lease the nation's main airport for 30 years in exchange for its development.
Since August, the strike had been pending as the Union continued to argue that employment losses may result from the agreement.
However, a failure of the government to call the deal off earlier, led to strike on Wednesday, which was called off within the next 24 hours. The government had in fact suspended the deal a day before the protests.

Indian company: Adani, denies alleged plans to take action against Kenyan protesters

<img src="https://ocdn.eu/pulscms/MDA_/4ebcbcbf52801663c17249ecdcde077e.jpg" alt="Mali, Burkina Faso, and Niger to rollout biometric passports" />
Mali, Burkina Faso, and Niger are set to introduce new biometric passports as part of their exit from a West African bloc
<ul type="disk">
<li>In January, the three junta-led Sahel countries jointly declared their intention to withdraw from the 15-member Economic Community of West African States (ECOWAS). </li>
<li>Mali, Burkina Faso, and Niger plan to introduce new biometric passports following their exit from ECOWAS.</li>
<li>Burkina Faso announced the issuance of new passports without the ECOWAS logo.</li>
</ul>
Mali, Burkina Faso, and Niger are set to introduce new biometric passports as part of their exit from a West African bloc, <a href="https://www.reuters.com/world/africa/mali-burkina-niger-launch-biometric-passports-under-new-alliance-2024-09-15/">Reuters</a> reported. 
The junta-led countries have formed a new Sahel alliance (Alliance of Sahel States) following military takeovers in all three nations, Mali's leader announced on Sunday. 
In January, the three junta-led Sahel countries jointly declared their intention to withdraw from the 15-member Economic Community of West African States (ECOWAS). All international and regional efforts to retain them within the bloc have been futile.
<a href="https://africa.businessinsider.com/local/markets/what-exit-of-mali-burkina-faso-niger-from-ecowas-mean-for-nigerians/0yjk1xk">DON'T MISS THIS: What the exit of Mali, Burkina Faso, Niger from ECOWAS means for Nigerians </a>
Earlier this month, Burkina Faso’s Security Minister, Mahamadou Sana announced that the country would begin issuing new passports without the ECOWAS logo to solidify its break from the regional bloc.
"In the coming days, a new biometric passport of the AES (Alliance of Sahel States) will be put into circulation with the aim of harmonising travel documents in our common area and facilitating the mobility of our citizens throughout the world", Malian junta leader Assimi Goita announced on Sunday evening.
He made this statement ahead of a meeting on Monday between the foreign ministers of the three countries, marking the anniversary of their decision to form their alliance.
Goita also mentioned plans to launch a shared information channel to ensure "harmonious dissemination of information" across their states.
<a href="https://africa.businessinsider.com/local/leaders/junta-extends-control-in-burkina-faso-for-five-more-years/tk0v2vc">DON'T MISS THIS: Junta extends control in Burkina Faso for five more years </a>
Although the economy of the three countries accounts for about 8% of the bloc’s gross domestic product, ECOWAS has expressed concerns that the withdrawal of these three nations could jeopardize the freedom of movement and the common market for the 400 million people residing in the 49-year-old bloc.

Mali, Burkina Faso, and Niger to rollout biometric passports 

<img src="https://ocdn.eu/pulscms/MDA_/f0d2610330f0ab2614d6a0281701ba94.jpg" alt="Richest banks in Kenya by asset base - CBK report" />
According to the Central Bank of Kenya’s Bank Supervision Annual Report 2023, the sector's performance reflects resilience amid a challenging business environment.
<ul type="disk">
<li>Business Insider Africa presents the richest banks in Kenya by asset base.</li>
<li>The list is courtesy of the Central Bank of Kenya.</li>
<li>Central Bank of Kenya's Bank holds the largest market share of 17.4%, and asset base of Sh1.43 trillion.</li>
</ul>
According to Central Bank of Kenya, banks control over Sh17 trillion assets and hold over Sh5.9 trillion in customer deposits.
The Kenyan banking sector experienced robust growth in 2023, with commercial banks' total assets soaring by 16.7% to reach Sh7.7 trillion as of December 31, 2023, up from Sh6.6 trillion the previous year.
According to the Central Bank of Kenya’s Bank Supervision Annual Report 2023, the sector's performance reflects resilience amid a challenging business environment.
Customer deposits also surged by 18%, rising from Sh5.0 trillion in December 2022 to Sh5.9 trillion in December 2023.
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<h3>Top 5 richest banks in Kenya</h3>
1.KCB
Data from the Central Bank of Kenya's Bank Supervision Annual Report 2023 shows that KCB holds the largest market share of 17.4%, and asset base of Sh1.43 trillion, positioning it as the wealthiest bank in Kenya as of 2023.
In 2024, KCB reported that the asset base had hit Sh2 trillion.
 <img src="https://ocdn.eu/pulscms/MDA_/00aead1750308d178f1aa2b14aefaee1.jpg" alt="Customers are served at the Kenya Commercial Bank (KCB) in Nairobi on January 24, 2018. (Photo by SIMON MAINA/AFP via Getty Images)" /> Customers are served at the Kenya Commercial Bank (KCB) in Nairobi on January 24, 2018. (Photo by SIMON MAINA/AFP via Getty Images) 
2.Equity Bank (Kenya) Ltd
Equity Bank ranks second with a market share of 12.2%, reporting total assets valued at Sh1.00 trillion.
3.NCBA Bank Kenya PLC
With a 9.2% market share, NCBA Bank’s total assets amounted to Sh661.74 billion, making it one of the largest financial institutions in Kenya.
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 <img src="https://ocdn.eu/pulscms/MDA_/8c69d1873a5f7d5838f1f10adb46b4aa.jpg" alt="John Gachora, NCBA Group Managing Director &amp; CEO" /> John Gachora, NCBA Group Managing Director &amp; CEO 
4.Co-operative Bank of Kenya Ltd
Co-operative Bank holds an 8.8% market share, with total assets valued at Sh624.25 billion.
5. Absa Bank Kenya PLC
Rounding out the top five, Absa Bank commands a 6.6% market share, with total assets of Sh520.30 billion.
<h2>39 richest banks in Kenya by asset base </h2>
Below is a comprehensive list of all 39 banks in Kenya, market share and assets
 RankLarge banksMarket Share (%)Total Assets (Sh)1KCB Bank Kenya Limited17.41.43 trillion2Equity Bank (Kenya) Ltd12.21.00 trillion3NCBA Bank Kenya PLC9661.74 billion4Co-operative Bank of Kenya Ltd8.8624.25 billion5Absa Bank Kenya PLC6.6520.30 billion6Standard Chartered Bank (K) Ltd5.9429.28 billion7Stanbic Bank Kenya Ltd5.8449.61 billion8I&amp;M Bank Limited5.4405.61 billion9Diamond Trust Bank Kenya Limited5.3399.62 billionMedium Banks10Bank of Baroda (Kenya) Limited2.8201.94 billion11Prime Bank Ltd2.7166.06 billion12Citibank N.A. Kenya2.3151.77 billion13Family Bank Ltd.1.8142.32 billion14Bank of India1.8103.08 billion15National Bank of Kenya Ltd1.7161.11 billion16SBM Bank (Kenya) Ltd1.194.92 billion17Ecobank Kenya Ltd1103.94 billionSmall Banks18HFC Ltd0.859.15 billion19Victoria Commercial Bank Plc0.759.20 billion20Bank of Africa Ltd0.651.72 billion21Gulf African Bank Limited0.542.13 billion22Guaranty Trust Bank (Kenya) Limited0.430.11 billion23African Banking Corporation Ltd0.541.78 billion24Sidian Bank Ltd0.644.74 billion25Habib Bank AG Zurich0.436.13 billion26DIB Bank Kenya Ltd0.426.49 billion27UBA Kenya Bank Ltd0.431.21 billion28Premier Bank Kenya Ltd0.323.31 billion29Credit Bank PLC0.325.72 billion30Commercial International Bank (CIB) Kenya Limited0.317.54 billion31Kingdom Bank Kenya Limited0.336.72 billion32Development Bank of Kenya Ltd0.318.84 billion33Guardian Bank Limited0.315.85 billion34M-Oriental Bank Kenya Ltd0.213.86 billion35Middle East Bank (K) Ltd0.218.85 billion36Paramount Bank Ltd0.215.44 billion37Access Bank (Kenya) PLC0.217.16 billion38Consolidated Bank of Kenya Limited0.215.21 billion39Spire Bank Limited-2.88 billion
<h3>Banking Sector Performance</h3>
The impressive growth in customer deposits from Sh5 trillion in December 2022 to Sh5.9 trillion was primarily driven by increased usage of mobile banking platforms and agency banking initiatives, highlighting the sector's adaptability to technological advancements.
Despite these gains, the banking sector's profit before tax fell by 8.8%, from Sh240.4 billion in 2022 to Sh219.3 billion in 2023.
The decline was attributed to a sharper increase in total operating expenses compared to the rise in total income.
Total expenses rose by Sh175.3 billion, while income increased by Sh154.1 billion during the period.
<a href="https://africa.businessinsider.com/local/lifestyle/10-wealthiest-countries-in-africa/q6dbcem">DON'T MISS THIS: 10 wealthiest countries in Africa</a>
<h3>Rising Operating Expenses Impact Profitability</h3>
The Central Bank of Kenya's report identified several factors contributing to the rise in operating expenses, which included a 41.3% increase in interest expenses, a 22.8% rise in other operating expenses, and a 19.8% growth in salaries and wages.
Additionally, bad debt charges climbed by 16.1%, further straining the sector's profitability.
The report also revealed that the banking sector's capital and reserves increased by 6.9%, from Sh917.6 billion in December 2022 to Sh980.9 billion in December 2023.
This growth was largely driven by a rise in retained earnings, which jumped by Sh81.2 billion, and share premiums.
 <img src="https://ocdn.eu/pulscms/MDA_/32c161c8a7735b1219056199ce6a6618.jpg" alt="Governor of the Central Bank of Kenya (CBK) Dr. Kamau Thugge has been honoured with the prestigious title of Central Bank Governor of the Year by the African Banker Magazine." /> Governor of the Central Bank of Kenya (CBK) Dr. Kamau Thugge has been honoured with the prestigious title of Central Bank Governor of the Year by the African Banker Magazine. 
<h3>Dividend Payouts See Moderate Growth</h3>
Despite the overall decline in profitability, banks showed confidence in their future performance, with proposed dividends increasing by Sh3.4 billion to Sh50.8 billion in 2023.
The report noted that the increase in proposed dividends had minimal impact on the sector’s capital and reserves due to the larger margin in retained earnings and share premium, which collectively grew by Sh94.9 billion.

39 richest banks in Kenya by asset base - CBK report

<img src="https://ocdn.eu/pulscms/MDA_/50f6ad86021defc47c56ef860de7a6bc.jpg" alt="The 5 African countries considered &quot;role-models&quot; in cyber security" />
Cyberattacks in Africa are steadily increasing as the region gets more digitized. Owing to insufficient systems and low regulatory environments on the continent, many African countries suffer heavily from cyberthreats. However, there are some African countries that boasts top tier cybersecurity systems.
<ul type="disk">
<li>Business Insider Africa presents the 5 African countries considered role-models in cyber security.</li>
<li>This list is courtesy of the International Telecommunication Union (ITU).</li>
<li>The report by the ITU ranks the level of cybersecurity for each country based on a Tier system.</li>
</ul>
The average cost of a data breach has climbed by 15% over the last three years, with over 2 800 documented incidents compromising 8 billion information in 2023. This is according to a report by the <a href="https://www.itu.int/en/ITU-D/Cybersecurity/Pages/global-cybersecurity-index.aspx">International Telecommunication Union (ITU),</a> which explores the cybersecurity level of 193 countries.
The recently released <a href="https://www.itu.int/dms_pub/itu-d/opb/hdb/d-hdb-gci.01-2024-pdf-e.pdf">Global Cybersecurity Index (GCI)</a> by the ITU, has shifted to a tier-based presentation of country scores, using score ranges set by the GCI Expert Group to give an accurate representation of the strength and weaknesses of each country’s cybersecurity strength.
Categorized into five tiers, Tier 1 also called ”Role Modeling” represents the highest level of cybersecurity commitment across legal, technical, organizational, capacity-building, and cooperative pillars, with Tier 2 called “Advancing” following, in that order, making Tier 5 called “Building”, the lowest levels.
The vast majority of countries (105) were categorized into T3 (Establishing) and T4 (Evolving), signifying multiple countries that have been improving digital services but still need to do more to make sure that cybersecurity is included into their meaningful connectivity goals.
<a href="https://africa.businessinsider.com/local/lifestyle/cybersecurity-report-on-kenyas-malware-attacks/r8dmjw6">SEE ALSO: A look into Kenya's fight against cyber attacks in 2024</a>
A considerable cyber-capacity gap is present in many of these countries as well. They desire to enhance their cybersecurity but are limited by issues of manpower, equipment availability, and long-term finance.
With that said, here are the 5 African countries ranked under Tier 1 of the GCI.
<h3>The 5 African countries considered role-models in cyber security </h3>
<ul type="disk">
<li>Ghana</li>
<li>Kenya</li>
<li>Mauritius </li>
<li>Rwanda</li>
<li>Tanzania </li>
</ul>

The 5 African countries considered &quot;role-models&quot; in cyber security 

<img src="https://ocdn.eu/pulscms/MDA_/a72e26e81c2fa92516bad435cdc2c8ad.jpeg" alt="Top 5 countries Nigeria made the most money from in Q2 2024" />
Nigeria, in the second quarter of 2024, experienced a decline in export value compared to the previous quarter. However, the country did experience an increase in relation to the same quarter the previous year. This increase is off the heels of the products it sold to its 5 most consistent trade partners, which accounted for 44.87% of its entire export earnings in quarter 2 of the year.
<ul type="disk">
<li>Business Insider Africa presents the top 5 countries Nigeria bought the most goods from Q2 2024.</li>
<li>This list is courtesy of a report by the National Bureau of Statistics.</li>
<li>Spain ranks number 1 on the list.</li>
</ul>
In the second quarter of 2024, Nigeria's total trade in goods came in at ₦31,892.46 billion, a 3.76% reduction from Q1 2024, and a 150.39% increase from the same period in 2023, as reported by the country’s <a href="https://nigerianstat.gov.ng/elibrary/read/1241553">national bureau of statistics.</a>
In the period under review export value stood at ₦19,418.93 billion accounting for 60.89% of overall commerce in Q1 2024. This is a 1.31% increase from the previous quarter (₦19,167.36) and a 201.76% increase from the second quarter of 2023 (₦6,435.13).
The report also revealed that crude oil exports during the same period accounted for 74.98% of total Nigeria exports, while non-oil exports accounted for 25.02%. Non-oil products contributed ₦1,944.25 billion or 10.01% of total exports.
<a href="https://africa.businessinsider.com/local/markets/top-5-countries-nigeria-spent-the-most-money-on-q2-2024/f24rlmg">SEE ALSO: Top 5 countries Nigeria spent the most money on in Q2 2024</a>
Trade of manufactured products during the period totaled ₦6,057.49 billion, accounting for 18.99% of overall commerce. The export of finished goods amounted to ₦480.82 billion.
While the sale of raw materials recorded a total trade value of ₦1,848.41 billion. Brazil received ₦103.56 billion in raw material exports, including 'Urea whether or not in aqueous solution'.
Exports of 'Non Monetary Gold (including gold coated with platinum) in Powder form' to Switzerland totaled ₦47.45 billion.
With that said, here are the 5 African countries Nigeria made the most money from from selling its goods. 
<h3>Top 5 countries Nigeria made the most money from in Q2 2024</h3>
 RankCountryExport valueExport %1.SpainN2,007.00 billion10.34%2.United StatesN1,855.94 billion9.56%3.FranceN1,819.94 billion9.37%4IndiaN1,650.09 billion8.50%5.NetherlandsN1,379.50 billion7.10%

Top 5 countries Nigeria made the most money from in Q2 2024

<img src="http://ocdn.eu/images/pulscms/ZDY7MDA_/ef6f0f7b-8ab9-4557-9ea6-ed36d18a3025.jpeg" alt="Re-elected: President Azali Assoumani" />
Following an attack on the president of Comoros, the assailant has been reported dead. The president of Comoros, Azali Assoumani, suffered a knife attack on Friday. The knife attack managed to cause an injury to the president’s hands.
<ul type="disk">
<li>President of Comoros suffered a knife attack causing injury to his hands.</li>
<li>Assailant, Ahmed Abdou, found dead in his prison cell.</li>
<li>Authorities are investigating the cause of the assailant's death.</li>
</ul>
A report by <a href="https://www.bbc.com/news/articles/cm2y31zdr4vo">BBC,</a> revealed that Ahmed Abdou, the man who had attacked the president of Comoros on Friday, during the funeral for a well-known religious leader, in Salimani Itsandra, a town just north of the capital Moroni, has been found lifeless in his prison cell.
The authorities made the revelation after they discovered his body on the floor of the cell on Saturday morning.
The assailant was placed in a jail to calm down following his detention, according to national prosecutor Ali Mohamed Djounaid.
"A doctor declared him dead. An investigation has been launched to determine the cause of his death," Mr Djounaid revealed during a press conference.
<a href="https://africa.businessinsider.com/local/markets/comoros-and-russia-collaborate-on-african-conflict-resolution/0jrsfs8">SEE ALSO: Russia partners with Comoros to tackle conflicts in Africa</a>
On the other hand, the president seemed to be "doing well," according to Ali Mohamed. He is safe and does not have any health issues. "The president is doing well. He has no health problems, he is out of danger. A few stitches were given," energy minister Aboubacar Saïd Anli said at a press conference in Moroni on Saturday.
The man had died before the reason for the attack was ascertained. Additionally, authorities are also unsure of what had led to the death of Ahmed Abdou.

Man who attempted to assassinate the president of Comoros found dead

<img src="https://ocdn.eu/pulscms/MDA_/8b4657d0059e206ea383f179406f503c.jpg" alt="Nigeria's NNPC to be the sole distributor of Dangote Refinery petrol " />
Nigeria's state-owned oil company, <a href="https://africa.businessinsider.com/local/markets/dangote-refinery-starts-petrol-processing-nnpc-to-be-sole-buyer/cpkme7v">NNPC Limited</a>, will start distributing gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market on Sunday.
<ul type="disk">
<li>NNPC Limited to start distributing gasoline from Dangote Refinery to local market on Sunday.</li>
<li>The distribution had been delayed due to disputes over offtake rights and pricing.</li>
<li>The refinery will exclusively sell petrol to the NNPC, with the transactions settled in the local naira currency.</li>
</ul>
Nigeria's state-owned oil company, NNPC Limited, will start distributing gasoline from the 650,000 barrels-per-day Dangote Refinery to the local market on Sunday.
The long-awaited $20 billion refinery, constructed by Africa's richest man, Aliko Dangote, started processing gasoline last week. However, Distribution had been delayed due to disputes over offtake rights and pricing.
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“I am glad to announce that all agreements have been completed and loading of the first batch of PMS from the Dangote Refinery will commence on Sunday, September 15,” Zacch Adedeji, executive chairman of the Federal Inland Revenue Service (FIRS) said.
He stated that starting next month, the Nigerian National Petroleum Company (NNPC) Limited will supply approximately 385,000 barrels of crude oil per day to the Dangote Refinery.
“From October 1, NNPC Ltd. will commence the supply of about 385,000 bpd of crude oil to the Dangote refinery, to be paid for in naira,” he said.
Adedeji said that in exchange for crude oil, Dangote will supply gasoline and diesel of equivalent value to the domestic market, with transactions settled in the local naira currency.
Adedeji stressed that the refinery will exclusively sell petrol to the NNPC, meaning that interested marketers will need to purchase the product through the national oil firm. However, the refinery is permitted to sell diesel to any buyer.
This contradicts NNPC’s earlier assertion that it does not plan to be the exclusive distributor of petrol from the Dangote refinery. 
<a href="https://africa.businessinsider.com/local/markets/dangote-refinery-outranks-europes-10-largest-refining-facilities/0bxmf29">DON'T MISS THIS: Dangote refinery outranks Europe's 10 largest refining facilities</a>.
In an earlier report, Devakumar Edwin, vice president at Dangote Industries Limited had mentioned that <a href="https://africa.businessinsider.com/local/markets/dangote-refinery-starts-petrol-processing-nnpc-to-be-sole-buyer/cpkme7v">NNPC Ltd</a>, which is the sole importer of gasoline in the country, would be the exclusive buyer of the refinery's gasoline.
Currently, only around 5% of local fuel traders are buying products from the Dangote Refinery. The refinery is limiting its sales to just 29 tankers of diesel per day, according to an executive's statement on Thursday.

Nigeria&#039;s NNPC to be the sole distributor of Dangote Refinery petrol starting Sunday

<img src="https://ocdn.eu/pulscms/MDA_/d6e3416e25fdb40112c511bc68fbe555.jpeg" alt="Elon Musk's Starlink in negotiations to launch in South Africa" />
Elon Musk’s Starlink is in discussions with the South African government to bring its satellite internet service to the country.
<ul type="disk">
<li>Elon Musk's Starlink is in talks with the South African government to bring satellite internet service to the country.</li>
<li>Starlink is already operational in neighbouring countries like Zambia, Eswatini, Malawi, and Zimbabwe.</li>
<li>Ramaphosa mentioned that Starlink approached the government about introducing its satellite internet service.</li>
</ul>
Elon Musk’s Starlink is in discussions with the South African government to bring its satellite internet service to the country, President Cyril Ramaphosa revealed.
The talks between Musk and Ramaphosa are centred on potential investments in Africa’s largest and most developed economy, <a href="https://www.bnnbloomberg.ca/business/company-news/2024/09/13/musks-starlink-in-talks-with-south-africa-to-start-service/#:~:text=(Bloomberg)%20%2D%2D%20Elon%20Musk's%20Starlink,president%20told%20reporters%20on%20Friday.">Bloomberg</a> reported.
Elon Musk, the world's richest person, was born in South Africa, however, his next-gen satellite internet provider isn't in his country of birth. Starlink is already operational in several neighbouring countries, including Zambia, Eswatini, Malawi, and Zimbabwe, the latest African nation to gain access to Starlink's high-speed internet service.
<a href="https://africa.businessinsider.com/local/markets/list-of-african-countries-where-starlink-is-operational-in-2024/9gklgg9">DON'T MISS THIS: List of African countries where Starlink is operational in 2024</a>
<h3>Ramaphosa says: </h3>
“I have had discussions with him and have said, Elon, you become so successful and you’re investing in a variety of countries, I want you to come home and invest here,” Ramaphosa told reporters in Pretoria. “He and I are going to have a further discussion.”
President Cyril Ramaphosa mentioned that Starlink approached the South African government about introducing its satellite internet service in the country.
While Starlink has yet to comment on this development, Elon Musk, in response to a post on X, indicated that Starlink is "waiting for regulatory approval" to proceed in South Africa.
In South Africa, companies are mandated to have a certain degree of Black ownership to address historical inequalities from the apartheid era. However, alternative arrangements can be negotiated with the government.

Elon Musk&#039;s Starlink in talks to launch in South Africa

Nigeria&#039;s NNPC to be the sole distributor of Dangote Refinery petrol 

<img src="https://ocdn.eu/pulscms/MDA_/473c3ae5c6acb62d0693a4534419a9a2.jpg" alt="Kenya's Ruto secures jobs for 250,000 Kenyans in Germany" />
Germany has agreed to welcome 250,000 skilled and semi-skilled workers from Kenya as part of a targeted labour migration deal in Europe's largest economy.
<ul type="disk">
<li>Germany to welcome 250,000 skilled and semi-skilled workers from Kenya.</li>
<li>Deal aims to address Kenya's employment challenges and Germany's shortage of skilled labour.</li>
<li>Kenyans will be eligible for a temporary residence permit for up to two years for study purposes, with the possibility of extension.</li>
</ul>
Germany has agreed to welcome 250,000 skilled and semi-skilled workers from Kenya as part of a targeted labour migration deal in Europe's largest economy.
The labour agreement between Germany and Kenya was signed in Berlin by Chancellor Olaf Scholz and President William Ruto, <a href="https://www.bbc.com/news/articles/c4gegkkg14ko">BBC</a> reported.
<a href="https://africa.businessinsider.com/local/careers/top-5-highest-paying-jobs-in-africa-in-2024/bgj0c5w">DON'T MISSS THIS: Top 5 highest-paying jobs in Africa in 2024 </a>
This move comes as Kenya struggles with providing adequate employment and income opportunities for its young professionals, while Germany faces a shortage of skilled labour.
The recent deal with Kenya also aims to facilitate the repatriation of Kenyans residing in Germany without legal permission. This comes at a time when immigration is a contentious issue in Germany, fueled by the growing popularity of the far-right anti-immigration party, Alternative for Germany (AfD).
Under this deal, Kenyan workers who secure approved jobs may see extensions to their temporary residence permits, and long-term visas will be available for those pursuing studies or vocational training in Germany.
Kenyans will be eligible for a temporary residence permit for up to two years for study purposes, with the possibility of extension if the purpose of their stay is still achievable within a reasonable timeframe.
The agreement notably allows IT specialists from Kenya to enter and work in Germany even without formal qualifications.
Both governments aim to support the immigration of skilled workers who have completed vocational training or hold university degrees, provided their qualifications are recognized by the relevant authorities.

Ruto secures jobs for 250,000 Kenyans in Germany

<img src="https://ocdn.eu/pulscms/MDA_/e0bd39ae303701a3be14d434269597ca.jpeg" alt="Ghana’s first lithium project at risk amidst global price slump" />
With emerging alternatives to lithium in the EV and battery sectors, time is of the essence for Ghana's Ewoyaa Project to remain profitable and competitive. Delays in the project could jeopardize its success as market dynamics shift.
<ul type="disk">
<li>Ghana is concerned about the impact of declining global lithium prices on its first lithium mining project in Ewoyaa.</li>
<li>The project faces delays due to parliamentary ratification and worries about the profitability of lithium production.</li>
<li>Atlantic Lithium aims to produce around 360,000 tons of lithium annually in Ghana.</li>
</ul>
Ghana is worried that a decline in global lithium prices could jeopardize its first lithium mining project in Ewoyaa, located in the south-central region of the country, according to the head of the country's mining regulator.
In October 2023, Ghana, known for its gold and cocoa production, awarded a 15-year lease to Australia-based Atlantic Lithium to develop the nation's inaugural lithium mine, with operations expected to begin by the fourth quarter of 2024, <a href="https://www.reuters.com/world/africa/ghana-anxious-lithium-price-slump-will-derail-maiden-project-2024-09-13/">Reuters</a> reported.
However, delays in parliamentary ratification of the lease are hindering its ability to meet construction timelines and secure favorable prices.
Martin Ayisi, head of Ghana's Minerals Commission, expressed concerns that the Ewoyaa Project, which aims to produce around 360,000 tons of lithium annually, faces the risk of being halted due to these setbacks.
"It will cost Atlantic lithium around $650 to produce a ton of lithium concentrate, and with the price just above $700, it's worrying for us," he said, adding that if the downturn continues, the project may get delayed further like other lithium projects globally.
The price of lithium, crucial for electric vehicle (EV) batteries, has plummeted over the last two years as an increase in supply coincided with lower-than-expected demand for EVs.
With emerging alternatives to lithium in the EV and battery sectors, Martin Ayisi stressed that time is of the essence for Ghana's Ewoyaa Project to remain profitable and competitive. Delays in the project could jeopardize its success as market dynamics shift.
"It's not just a race against the price; it's a race to mine at a time lithium is commercially needed."
Ahmed-Salim Adam, general manager of Atlantic Lithium, informed Reuters that the construction of Ghana's first lithium mine, initially set for July, has now been delayed until the first quarter of 2025 due to a lack of parliamentary ratification.
Lawmakers postponed the ratification to allow for broader consultations, seeking to avoid mistakes made during approvals for previous gold mining projects. Adam also noted that the company requires an operational permit from the sector regulator before construction can begin, which is expected to take around 22 months to complete.

Ghana’s first lithium project at risk amidst global price slump

<img src="https://ocdn.eu/pulscms/MDA_/81ddecfbbece200cc13c25c577fb9df5.jpg" alt="Top 5 African countries with the lowest purchasing power mid-2024" />
Many African countries are becoming major competitors in the global marketplace owing to their youthful, rapidly expanding populations and growing middle classes. Any country's purchasing power is a crucial indicator of its economic health and future prospects. A high purchasing power indicator denotes stability in the economy, while a low one typically signals an economic crisis.
<ul type="disk">
<li>Business Insider Africa presents the top 5 African countries with the highest purchasing power mid-2024.</li>
<li>This list is courtesy of Numbeo.</li>
<li>Cameroon ranks number 1 on this list.</li>
</ul>
When individuals have the financial resources to buy products and services, companies thrive and industries grow. This, in turn, increases GDP and helps the country's economy expand.
The increase in consumer spending benefits local companies, provides jobs, and fosters entrepreneurship.
Furthermore, countries in Africa with great purchasing power allow for a robust domestic market that supports the growth of regional players. This lessens reliance on exports and increases the economy's ability to withstand changes in the world economy, as well as service its own market.
In countries with higher purchasing power, individuals have greater access to basic needs such as food, healthcare, education, and housing, and as suggested, countries with a lower purchasing power do not properly enjoy some of these amenities.
<a href="https://africa.businessinsider.com/local/markets/top-10-african-countries-with-the-highest-purchasing-power-mid-2024/mb4q26g">SEE ALSO: Top 5 African countries with the highest purchasing power mid-2024</a>
Unfortunately, some African countries boast purchasing powers that do very little to address their challenges. Their low purchasing power affects the quality of life for the people in these nations as well as the industries and economic growth.
With that said, here are the 5 African countries with the lowest purchasing power according to <a href="https://www.numbeo.com/cost-of-living/rankings_by_country.jsp?title=2024-mid&amp;region=002">Numbeo.</a>
<h3>Top 5 African countries with the lowest purchasing power mid-2024</h3>
 RankCountryLocal purchasing power index1.Cameroon10.52.Nigeria11.03.Madagascar15.64.Uganda17.85.Ghana18.4

Top 5 African countries with the lowest purchasing power mid-2024

<img src="https://ocdn.eu/pulscms/MDA_/f82a84cc691bda377da9a327af5da361.jpg" alt="Top 10 African countries with the highest freedom to vote without pressure" />
Almost nine in 10 Africans say they are “somewhat free” (20%) or “completely free” (65%) to vote for the candidate of their choice without feeling pressured.
<ul type="disk">
<li>Business Insider Africa presents the top 10 African countries with the highest freedom to vote without pressure.</li>
<li>The list is courtesy of <a href="https://www.afrobarometer.org/wp-content/uploads/2024/05/Afrobarometer_FlagshipReport2024_English.pdf">Afrobarometer</a>.</li>
<li>Sense of freedom reaches 97% in the Gambia, Zambia, and Sierra Leone.</li>
</ul>
2024 is undoubtedly a critical year for Africa, with elections taking place in at least 17 countries across the continent.
So far, the year has seen a mix of outcomes. Some leaders have been re-elected, while new leaders have emerged, including Bassirou Diomaye Faye in Senegal, the youngest elected executive on a continent ruled largely by elderly men. 
<a href="https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-where-citizens-would-accept-coup-to-oust-bad-leaders/yehh334">DON'T MISS THIS: Top 10 African countries where citizens would accept coup to oust bad leaders </a>
However, not all electoral plans are proceeding as expected. For instance, elections for restoring democratic civilian governance in junta-led countries like <a href="https://africa.businessinsider.com/local/leaders/junta-extends-control-in-burkina-faso-for-five-more-years/tk0v2vc">Burkina Faso</a> and Mali, have been postponed.
The focus on the quality and legitimacy of these elections is paramount. According to <a href="https://www.afrobarometer.org/wp-content/uploads/2024/05/Afrobarometer_FlagshipReport2024_English.pdf">Afrobarometer</a>, the majority of Africans (75%) view elections as the best method for selecting their leaders. More than six in ten citizens support the electoral process in all surveyed countries except Lesotho, where support stands at 44%.
Nearly two-thirds (64%) of Africans want multiparty competition to ensure that voters have real choices in who governs them. But there is a weakening support for elections – a decline of 8 percentage points over the past decade – is one of the troubling trends in popular commitment to democratic norms and practices.
This may reflect some disillusionment after too many elections marred by low quality, disputes, and/or violence, or a recognition that elections by themselves don’t guarantee accountable governance or reliable public services. Citizens’ assessment of their most recent national elections as largely free and fair is down by 7 points since 2011/2013, from 66% to 59%. 
<a href="https://africa.businessinsider.com/local/lifestyle/10-most-stable-countries-in-africa/zhxm2sz">DON'T MISS THIS: 10 most stable countries in Africa</a>.
One bright light shining across these challenges is that almost nine in 10 Africans say they are “somewhat free” (20%) or “completely free” (65%) to vote for the candidate of their choice without feeling pressured. This sense of freedom reaches 97% in the Gambia, Zambia, and Sierra Leone.
<h3>Below are the top 10 African countries with the highest freedom to vote without pressure:</h3>
 RankCountryFreedom to vote1Gambia92%2Zambia91%3Sierra Leone91%4São Tomé and Príncipe88%5Tanzania88%6Ghana86%7Botswana86%8Liberia86%9Cabo Verde85%10Senegal81%

Top 10 African countries with the highest freedom to vote without pressure

<img src="http://ocdn.eu/images/pulscms/ZmY7MDA_/d6aa1f26-c4eb-43a0-865b-b425718e0b78.jpeg" alt="UN peacekeepers have been on the ground since 2013. Members of the 13,000-strong MINUSMA force are shown here in central Mali's Dogon region" />
In war zones, United Nations (UN) peacekeeping missions are usually the thin line between chaos and order. African countries play a crucial role in these missions, not only as recipients but also as primary providers of peacekeeping troops. African participation in UN peacekeeping missions is vital for a variety of reasons.
<ul type="disk">
<li>Business Insider Africa Top 10 African countries with the lowest UN peacekeeping troops in 2024.</li>
<li>Data on this list is from the United Nations official website.</li>
<li>Comoros ranks number 1 on this list.</li>
</ul>
With assistance from nations all around the world, UN peacekeeping is a cooperative multinational endeavor that is governed by the values of objectivity, consent from all parties, and refraining from using force unless necessary for self-defense or the protection of the mission.
Peacekeepers are frequently unarmed or lightly armed, as their primary objective is to promote long-term peace rather than engage in combat. Their presence serves to deter violence and allow peacekeeping efforts to succeed.
The UN Security Council establishes peacekeeping operations, which are subsequently sent to conflict zones with the permission of the parties involved.
Given that Africans have a greater understanding of their own socio-political circumstances, the relevance of indigenous African peacekeepers on the continent cannot be emphasized.
Additionally, Africa's active participation in UN peacekeeping missions strengthens the continent's position in global affairs.
However, while some African countries have a sizable representation within this unit, while some simply don’t.
<a href="https://africa.businessinsider.com/local/lifestyle/top-10-african-countries-with-the-largest-un-peacekeeping-troops-in-2024/6fnlcvj">SEE ALSO: Top 10 African countries with the largest UN peacekeeping troops in 2024</a>
With that said, here are the top 10 African countries with the least contributors to <a href="https://peacekeeping.un.org/en/troop-and-police-contributors">UN peacekeeping missions as of June 2024.</a>
<h3>Top 10 African countries with the lowest UN peacekeeping troops in 2024</h3>
 RankCountryNumber of contributionsGlobal rank1.Comoros04th2.São Tomé and Príncipe16th3.Angola213th4.Algeria214th5.Botswana315th6.Madagascar520th7.Liberia825th8.Namibia1028th9.Chad1031st10.Mali2747th

Top 10 African countries with the lowest UN peacekeeping troops in 2024

<img src="https://ocdn.eu/pulscms/MDA_/a4d9b806ab6ffa5ea0699ba6999fa9ba.png" alt="Cost of iPhone 16 vs minimum wage" />
Global gadget maker, Apple has recently announced the release of new models of its flagship products which include the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
<ul type="disk">
<li>Apple has announced the release of new models of its flagship products, including iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.</li>
<li>Pricing and affordability of the new iPhone 16 will vary across countries due to market forces, foreign exchange, and tax rates.</li>
<li>In Nigeria, the cheapest iPhone 16 is still considered 'very expensive' due to low purchasing power parity and foreign exchange crisis.</li>
</ul>
Global gadget maker, Apple has recently announced the release of new models of its flagship products which include the iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max.
These products come with Apple's custom-built A18 chip and incredible new camera capabilities that raise the bar for the iPhone’s futuristic potential. Pre-ordering starts today, Friday, September 13, 2024, while products will be available from September 20, 2024.
<a href="https://africa.businessinsider.com/local/leaders/african-countries-with-the-most-billionaires-in-2024/wqh0bsf">DON'T MISS THIS: African countries with the most billionaires in 2024 </a>
The iPhone 16 has been touted as an AI wonder due to its numerous AI-powered software features built for Apple Intelligence. Apple explains this as “the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy”.
When it comes to pricing, market forces come into play due to foreign exchange and tax rates across the world. This means the pricing and affordability of the new iPhone 16 will vary across countries.
According to Androidauthority, the cheapest iPhone 16 can be purchased in China, Japan and the United States at $842, $877 and $879 respectively. Those prices in Nigeria, will, however, still fall under the "very expensive" category due to the low purchasing power parity and foreign exchange crisis which has greatly influenced the ability of Nigerian workers on minimum wage to own such gadgets.
In this report, the starting cost of the iPhone 16 ($799) has been compared with the minimum wages in 10 African countries, with an analysis of the estimated number of months a worker will need to earn a salary to afford the product. We will be using the price of the standard iPhone 16 which stands at $799 (₦1.3 million at ₦1,640/$) for the 128GB model.
 S/NCountryMin Wage ($)Estimated wait time1Seychelles465.42 months2Libya321.82 months3Morocco314.72 months4Gabon270.53 months5Equatorial Guinea211.544 months6Algeria140.146 months7Cape Verde139.466 months8Kenya130.376 months9Mozambique113.87 months10Lesotho109.627 months
As seen from the table, African countries with a better minimum wage scale will have fewer challenges with purchasing the new iPhone 16 compared to countries with more tumultuous economies.
In Seychelles, Libya and Morocco, the phone would cost just about two months of minimum wage while it would take about six to seven months for Algeria, Cape Verde, Kenya, Mozambique and Lesotho.
For Government workers in Nigeria earning ₦30,000 minimum wage ($18.18), who are also expecting to purchase the iPhone, they will have to wait for nearly four years to purchase the phone.
However, with the implementation of the new minimum wage which has been increased to <a href="https://africa.businessinsider.com/local/lifestyle/nigerias-president-approves-naira70000-minimum-wage-pledges-review-every-three-years/27hr6rt">₦70,000</a> ($42.42), the cheapest iPhone 16 model equals 18 months of minimum wage earnings for a worker in Africa’s biggest oil producer.

Cost of iPhone 16 vs minimum wage in 10 African countries 

<img src="https://ocdn.eu/pulscms/MDA_/08655cd04af8ae8d6af6229128065e05.png" alt="Zambian copper mines look to unlikely power provider amidst crisis" />
Zambia's largest mines are turning to an unexpected power source amid the country’s worst energy crisis: South Africa’s Eskom Holdings SOC Ltd.
<ul type="disk">
<li>Zambia's largest mines are facing an energy crisis due to a historic drought affecting hydropower supply.</li>
<li>The country is relying on power imports from South Africa's Eskom to keep mines and smelters operational.</li>
<li>Zambia is on the brink of depleting water reserves at the Kariba Dam, the world's largest man-made reservoir, potentially leading to a shutdown of power generation.</li>
</ul>
Zambia's largest mines are turning to an unexpected power source amid the country’s worst energy crisis: South Africa’s Eskom Holdings SOC Ltd., a company that is only now recovering after <a href="https://africa.businessinsider.com/local/markets/south-africas-eskom-records-100-days-without-a-power-cut-since-2020/0nw7r28">struggling to meet electricity</a> demand in its country.
Zambia relies on hydropower for around 85% of its energy, however, a historic drought has crippled the supply. Households now receive just three hours of electricity per day, forcing companies like First Quantum Minerals Ltd. to seek power from neighbouring countries to keep their mines and smelters operational, according to <a href="https://www.bnnbloomberg.ca/investing/2024/09/13/zambian-copper-mines-desperate-for-power-find-an-unlikely-savior/">Bloomberg</a>.
<a href="https://africa.businessinsider.com/local/markets/top-10-richest-mineral-producing-countries-in-africa/46ltw0q">DON'T MISS THIS: Top 10 richest mineral-producing countries in Africa </a>
The energy shortfall in Zambia is turning out to be more severe than expected just weeks ago. The country is on the brink of depleting water reserves at the Kariba Dam, the world’s largest man-made reservoir, and is only weeks away from potentially shutting down power generation there for the first time.
Compounding the crisis, ongoing maintenance at Zambia's only coal-fired plant has further strained the power supply, intensifying concerns for mine operators and industries in the coming months.
“Power imports from Eskom that were not factored into earlier assumptions are mitigating the impact of this decrease,” Anthony Mukutuma, a director at First Quantum’s Zambian unit, said. “As such, we expect power supply to First Quantum Minerals operations to continue uninterrupted.”
Eskom’s transmission unit has been supplying 250 megawatts of power to Zambia since August, providing more than 10% of the country's usual energy demand, according to the utility.
Plans are also in motion to double that amount within a month through a separate agreement, facilitated by Africa GreenCo, a regional electricity trading company.
<a href="https://africa.businessinsider.com/local/markets/5-african-countries-with-the-highest-electricity-tariff/13lq2ey">DON'T MISS THIS: 5 African countries with the most expensive electricity tariff</a>
Ana Hajduka, the CEO of Africa GreenCo, shared these developments in a recent interview, highlighting the ongoing efforts to mitigate Zambia’s energy crisis.
First Quantum, responsible for about half of Zambia’s copper production and operating Africa’s largest nickel mine, is heavily reliant on electricity. The mining sector typically accounts for around 50% of the country's power demand. However, Zambia's usual generation capacity of 3,777 megawatts has drastically fallen to just 1,019 megawatts due to the ongoing energy crisis.
Despite the government’s efforts to protect the mining sector, which contributes about 70% of Zambia’s export earnings, state utility Zesco has imposed emergency restrictions, cutting 40% of mines' normal electricity supply. As a result, operators are turning to more expensive regional power sources to bridge the gap.

Zambian copper mines look to unlikely power provider amidst crisis

<img src="https://ocdn.eu/pulscms/MDA_/c5f24bfcd33186cae11a2aaa60bd41d7.jpg" alt="Seychelles is looking to increase its cultural exchange with Russia" />
Seychelles, the African archipelago in the Indian Ocean is looking to expand its interaction with Russia.
<ul type="disk">
<li>Seychelles aims to attract more Russian tourists.</li>
<li>Planning to establish more flight routes to Russia.</li>
<li>Emphasizing the importance of cultural and sporting interactions in building relationships.</li>
</ul>
Seychelles recently disclosed that it aims to attract more Russian tourists, and as a result, it is looking to establish more flight routes to Russia.
Marie-Celine Zialor, Seychelles’ Minister of Youth, Sports and Family, revealed to the Russian newspaper; <a href="https://en.sputniknews.africa/20240913/seychelles-seeking-to-expand-direct-flights-to-russia-1068259809.html">Sputnik</a> on the sidelines of the 10th St. Petersburg International Forum of United Cultures, that Seychelles is aiming to increase the frequency of direct flights to Russia in order to attract more Russian tourists and build stronger relationships between people from both countries.
"We are exploring ways to improve and increase direct flights to Russia, with the aim of attracting more Russian tourists and fostering greater people-to-people connections," the minister stated.
She also revealed that both countries continue to enjoy over 40 years of shared history and economic ties.
She noted that it was crucial to spread this message to the next generation and conveyed optimism that cultural and sporting interactions could mend political rifts.
"Culture and sports rise above politics. This is what is important and this is a message we need to send to our young people," the minister said.
She went on to confirm that she would engage with her Russian counterpart, Olga Lyubimova, the Russian Minister of Culture on Friday to discuss potential cooperation in the areas of youth, arts and culture.
Recently, the South African Minister of Sport, Arts, and Culture, Gayton McKenzie, during the same forum stated that the bond between <a href="https://africa.businessinsider.com/local/lifestyle/south-africa-affirms-its-unbreakable-alliance-with-russia/gyzdl3d">Russia and South Africa is "unbreakable."</a>
He also noted that Russia and South Africa have made the decision that orchestras from both nations would go on alternating cultural tours between the two nations.

Seychelles is looking to increase its cultural exchange with Russia 

<img src="https://ocdn.eu/pulscms/MDA_/ef6cc32fbfda05dbbe0f6606eb51c62d.jpg" alt="Top 10 sectors that contributed the most to Nigeria’s value added tax in Q2 2024" />
The amount generated from Value Added Tax (VAT) in Nigeria in the second quarter of 2024, shot up from figures recorded the quarter prior. In Nigeria, VAT is a consumption tax collected on the added value of products and services at each level of the supply chain. The data for the list compiled by the bureau of statistics was provided by the Federal Inland Revenue Service (FIRS).
<ul type="disk">
<li>Business Insider presents the top 10 sectors that contributed the most to Nigeria’s Value Added Tax in Q2 2024</li>
<li>This list is courtesy of the National Bureau of Statistics.</li>
<li>Value Added Tax was reported at N1.56 trillion for the second quarter of 2024.</li>
</ul>
Nigeria's overall VAT as seen in a report by the country's <a href="https://nigerianstat.gov.ng/elibrary/read/1241551">National Bureau of Statistics</a> stood at N1.56 trillion, representing a 9.11% increase over Q1 2024's N1.43 trillion.
In the period under review, local payments of the value added tax totaled N792.58 billion, while foreign VAT payments were N395.74 billion, alongside import VAT which stood at N372.95 billion.
The report further revealed that human health and social work services grew the fastest at 98.44% each quarter, followed by agriculture, forestry, and fishing at 70.26% and water supply, sewerage, waste management, and cleanup at 59.75%.
Household activities as employers, as well as undifferentiated products and services produced by households for personal consumption, had the slowest growth rate at -46.84%, followed by real estate activities at -42.59%.
In terms of sectoral contributions, the top three greatest shares in Q2 2024 were manufacturing (11.78%), information and communication (9.02%), and mining and quarrying (8.79%).
Additionally, VAT receipts in Q2 2024 grew by 99.82% compared to Q2 2023.
<a href="https://africa.businessinsider.com/local/markets/top-10-sectors-that-contributed-the-most-to-nigeria-corporate-income-tax/swszbgv">DON’T MISS THIS: Top 10 sectors that contributed the most to Nigeria corporate income tax</a>
With that said, here are the 10 sectors that contributed the most to the country’s VAT payments.
 RankSectorVAT (N'million)1.ManufacturingN183,888.242.Information and CommunicationN140,795.513.Mining and QuarryingN137,181.754.Public Administration and DefenseN84,882.245.Financial and Insurance ActivitiesN82,551.966.Wholesale and Retail TradeN50,035.247.Other Service ActivitiesN25,971.508.Transportation and StorageN23,009.539.Administrative and Support Service ActivitiesN13,286.4510.Professional, Scientific, and Technical ActivitiesN10,393.77

Top 10 sectors that contributed the most to Nigeria’s value added tax in Q2 2024

<img src="https://ocdn.eu/pulscms/MDA_/23563cd7ba767ec233daeac5b026ceff.jpg" alt="Top 10 African countries where youth feel their country is on the wrong track" />
According to survey, 94% of Nigerian youth believe their country is headed in the wrong direction. In Cameroon, 89% of young people share this concern, while 79% of youth in Congo Brazzaville express similar doubts about their nation’s trajectory.
<ul type="disk">
<li>Business Insider Africa presents the top 10 African countries where youth feel their country is on the wrong track.</li>
<li>The list is courtesy of the <a href="https://ichikowitzfoundation.com/storage/reports/September2024/GSLcmLTnruHzhTrIuDOV.pdf">2024 African Youth Survey</a>.</li>
<li>94% of Nigerian youth believe their country is headed in the wrong direction.</li>
</ul>
Africa is a continent blessed with abundant natural resources and a young, dynamic population. With the majority of its people being under the age of 25, it has immense human potential.
However, many African countries are still falling behind compared to the rest of the world. Issues like corruption, poor leadership, and bad economic decisions have held things back, leaving a lot of young people frustrated and worried about where their countries are headed.
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For this younger generation, whose lives are just beginning, these challenges are more than abstract concepts, they directly impact their opportunities, future, and well-being. 
Protests like #EndSARS in Nigeria and demonstrations against the Finance Bill in Kenya illustrate how young people are taking a stand against systems they feel are failing them.
Yet, despite these significant challenges, African youth remain hopeful and ambitious, according to the <a href="https://ichikowitzfoundation.com/storage/reports/September2024/GSLcmLTnruHzhTrIuDOV.pdf">2024 African Youth Survey</a>. 
The poll commissioned by the Johannesburg-based Ichikowitz Family Foundation surveyed 5,604 people between the ages of 18 and 24 in Botswana, Cameroon, Chad, the Republic of the Congo, Ivory Coast, Ethiopia, Gabon, Ghana, Kenya, Malawi, Namibia, Nigeria, Rwanda, South Africa, Tanzania and Zambia.
Many report feeling more concerned (34%) than pessimistic (9%) about their countries' future, believing that their standard of living will improve. 
Eighty-three per cent of them said they are concerned about corruption at home, and 62 per cent believe the government is failing to address it.
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The poll however showed nearly 58 per cent of young people saying they are “very likely” or “somewhat likely” to consider emigrating to another country in the next three years.
More than half, or 55 per cent, of those polled, said Africa was headed in the “wrong direction”, although there was a modest rise to 37 per cent in “Afro-optimism” from the 2022 survey.
According to survey, 94% of Nigerian youth believe their country is headed in the wrong direction. In Cameroon, 89% of young people share this concern, while 79% of youth in Congo Brazzaville express similar doubts about their nation’s trajectory.
<h3>Below are the top 10 African countries where youth feel their country is on the wrong track:</h3>
 RankCountryWrong direction1Nigeria94%2Cameroon89%3Congo Br.79%4Ghana76%5Malawi76%6Zambia76%7South Africa74%8Chad73%9Kenya71%10Ethiopia71%

10 African countries where youth feel their country is on the wrong track

<img src="https://ocdn.eu/pulscms/MDA_/614602828cc0a996c450d7c06e437ab1.jpg" alt="South Africa affirms its unbreakable alliance with Russia" />
South Africa and Russia have enjoyed a budding relationship owing to the seats they share in the BRICS group of nations. As a result, a South African official has noted that South Africa would continue to strengthen its relationship with the North Asian country. Both countries would also put together reciprocal tours including two orchestras from both countries.
<ul type="disk">
<li>South African official emphasizing the unbreakable bond between Russia and South Africa.</li>
<li>Plans to alternate cultural tours, including orchestras traveling between the two countries.</li>
<li>Emphasis on sharing ideas and learning from each other within the BRICS nations.</li>
</ul>
The South African Minister of Sport, Arts, and Culture, Gayton McKenzie, on the margins of the St. Petersburg International United Cultures Forum, stated that the bond between Russia and South Africa is "unbreakable."
He also mentioned, as reported by <a href="https://en.sputniknews.africa/20240912/south-africa-will-never-turn-back-on-russia-says-countrys-culture-minister-1068251193.html">Sputnik,</a> that Russia has been instrumental in South Africa’s struggle for sovereignty and autonomy, stressing in particular the USSR's pledge of safety to South African officials.
"That relationship has never died, and that relationship will never die. [...] We will never ever turn our back on Russia, and Russia has never turned its back on us," Gayton McKenzie told Sputnik.
Additionally, both of these nations have decided to alternate cultural tours in their respective countries. The minister revealed to <a href="https://en.sputniknews.africa/20240912/russia-south-africa-agree-to-exchange-orchestras-tours-says-south-african-culture-minister-1068245543.html">Sputnik</a> that the two orchestras from both nations would herald these tours.
"We have already spoken with the [Russian] minister [of culture, Olga Lyubimova]. As I am speaking to you, I have just made it possible for two Russian orchestras to travel to [the city of] Cape Town and two Cape Town orchestras traveling to Russia," McKenzie said.
The sport's minister pointed out that whilst each country has its own culture and customs, the BRICS nations should share ideas, learn from one another, and harness their strengths for mutual gain.
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He also stated that unprecedented successes can result from the cooperation of great nations.
In the buildup for the 16th BRICS summit, which takes place in Kazan from October 22 to 24, Russia, the 2024 BRICS chair, is organizing a several activities. There will be 250 activities spread throughout 11 regions during these festivities.

South Africa affirms its unbreakable alliance with Russia 

Top 10 African countries where youth feel their country is on the wrong track

<img src="https://ocdn.eu/pulscms/MDA_/14c4d742691a447961ba1110e32d2a7e.jpg" alt="Uganda National Oil Company makes major move to chokehold the market" />
Uganda’s economic growth projection has been touted to experience a double-digit increase in the next financial year <a href="https://africa.businessinsider.com/local/lifestyle/ugandan-security-agents-use-force-to-exact-ugandas-oil-goals-report/7h1f6ct">once crude oil production starts</a> in the East African country.
<ul type="disk">
<li>Oil production to start in late 2025 in Lake Albert region of Western Uganda</li>
<li>Uganda Oil Project includes 14 oil fields, 1500-km crude oil pipeline, and an oil refinery</li>
<li>Refinery expected to achieve peak capacity of 21 million barrels per year, operational in 2027</li>
</ul>
According to the IMF’s projection, Uganda's economic growth potential will reach 10.8% in the 2025/2026 fiscal year, up from a projection of 6.2% in the previous period.
In a report published on Wednesday, the International Monetary Fund (IMF) said, "Growth is expected to strengthen, boosted by the start of oil production, which will make (a) lasting improvement (to) the fiscal and current account balances."
It added that Uganda's economic recovery is strengthening on the back of low inflation, favourable agricultural production, and strong activity in the industrial and services sectors.
<h2>Oil production in Uganda is poised to commence in late 2025</h2>
 <img src="https://ocdn.eu/images/pulscms/NDQ7MDA_/54373dff-4ba6-42b9-a7b4-aba4aeae1442.jpeg" alt="Uganda discovered oil beneath Lake Albert 14 years ago but so far none has been extracted" /> Uganda discovered oil beneath Lake Albert 14 years ago but so far none has been extracted 
The<a href="https://africa.businessinsider.com/local/markets/ugandas-oil-ambitions-gains-ground-with-74-wells/t1qd41x"> Uganda Oil Project</a> encompasses 14 oil fields located in the Lake Albert region of Western Uganda, along with a 1500-km long crude oil pipeline stretching from Lake Albert to the port of Tanga in Tanzania and the establishment of an oil refinery.
According to the IMF report, Oil production in the East African country is expected to commence in 2025. The refinery, slated to become operational in 2027, is also expected to achieve a peak capacity of approximately <a href="https://africa.businessinsider.com/local/markets/ugandas-proven-oil-reserves-may-hit-65-billion-barrels-amidst-new-exploration/lpr1jw3">21 million barrels per year</a>.
With oil production expected to commence in Q4-2025, Uganda will require substantial funding to meet critical milestones, including the final investment decision on the refinery and various aspects of oil production. These include upstream development, the construction of the oil pipeline and refinery, and additional infrastructure such as roads and an airport.
 <img src="https://ocdn.eu/pulscms/MDA_/23df150457b98e7bad71f9a5f731992b.jpg" alt="Uganda-Tanzania oil Pipeline" /> Uganda-Tanzania oil Pipeline 
The report also highlighted<a href="https://africa.businessinsider.com/local/markets/imf-calls-for-removal-of-tax-exemption-for-mps-and-military-personnel/bvljc7x"> some challenges that may affect the country’s</a> ability to secure funding, one of which is the <a href="https://africa.businessinsider.com/local/leaders/president-museveni-defends-uganda-against-foreign-influences/025p32d">continued fallout from the Anti-Homosexuality Act (AHA)</a>, which complicates already tight external financing conditions. 
“There is a significant risk of stranded assets for Uganda’s oil project, as the global shift towards renewable energy and stricter environmental regulations could reduce the long-term demand for fossil fuels. Policy efforts (such as improving business environment and infrastructure) are also needed to improve the competitiveness of the non-oil sector and minimize risks of “Dutch disease” from becoming an oil exporter,” the report stated.

Uganda&#039;s GDP is projected to receive a significant boost with start of oil production in 2025

<img src="https://ocdn.eu/pulscms/MDA_/82768b000e0e3bce81dc0301f022fd5b.jpg" alt="US Ex-Im Bank considers funding another Mozambique LNG project" />
Ex-Im’s previous investment in Mozambique's gas sector has faced setbacks. In 2020, the bank provided $4.7 billion in financing for TotalEnergies SE’s Mozambique LNG project along the northern coast.
<ul type="disk">
<li>The U.S. Export-Import Bank is considering financing Eni SpA's LNG project off Mozambique's coast.</li>
<li>This comes after backing an onshore LNG facility that faced delays due to security concerns and opposition from environmental groups.</li>
<li>The bank has not provided a timeline for the decision and is under scrutiny for lacking a clear growth strategy in the region.</li>
</ul>
The U.S. Export-Import Bank is considering financing a liquefied natural gas (LNG) project led by Eni SpA off Mozambique's coast.
This is coming years after backing an onshore LNG facility that has faced delays due to security concerns and opposition from environmental groups, according to <a href="https://www.bnnbloomberg.ca/investing/2024/09/12/us-ex-im-bank-eyes-investment-in-another-mozambique-lng-project/#:~:text=(Bloomberg)%20%2D%2D%20The%20US%20Export,and%20opposed%20by%20environmental%20groups.">Bloomberg</a>.
Eni’s Coral North floating LNG plant is currently listed as a pending project by Ex-Im, the official U.S. export credit agency. The bank stated that the financing details would be revealed following final board approval but did not provide a timeline for the decision.
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As the U.S. ramps up engagement in Africa to compete with China for critical minerals needed for the transition to clean energy, Ex-Im has come under scrutiny. A May audit by the inspector general criticized the bank for lacking a clear strategy for growth in the region, a claim the bank has denied.
Ex-Im’s previous investment in Mozambique's gas sector has faced setbacks. In 2020, the bank provided $4.7 billion in financing for TotalEnergies SE’s Mozambique LNG project along the northern coast.
At the time, Ex-Im said the loan displaced funding efforts from China and Russia. However, its analysis flagged potential security risks, which later materialized as insurgent attacks that halted construction.
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Despite the challenges, TotalEnergies’ project is now on track to resume construction by the end of the year, according to CEO Patrick Pouyanne. As of now, Ex-Im has not dispersed any funds for the Mozambique LNG project.
While floating LNG facilities like Coral North are located miles offshore and relatively insulated from security risks, environmental groups are likely to raise concerns.
Activists have campaigned against oil and gas projects across Africa, from Uganda to South Africa, in efforts to curb fossil fuel use. For instance, Friends of the Earth challenged the UK Export Finance's approval of £1.5 billion ($2 billion) for Mozambique LNG, though the Court of Appeal ruled that the government had not violated climate regulations.
Eni’s $7-billion Coral South LNG project, which began exporting fuel in 2022 from its offshore liquefaction plant, shares its location in the Area 4 concession with partners such as Exxon Mobil, China National Petroleum, Abu Dhabi National Oil Co., Korea Gas, and Mozambique’s state-owned Empresa Nacional de Hidrocarbonetos. The upcoming Coral North project will follow a similar offshore model.