Africa News

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Former Bridgewater Partner to Increase Investment in Synergy Africa Private Equity Fund

July 19, 2024 at 4:00 AM GMT Former Bridgewater Associates LP partner Richard Okello’s Sango Capital Management is acquiring a majority stake in an African private equity fund managed by Synergy Capital Managers Ltd. Sango Capital plans to explore potential exits from assets predominantly located in Nigeria.   Instead of a traditional purchase price for […]

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Russian Troops Enter Niger Air Base Hosting American Forces

May 3, 2024,02:50am EDT Russian military personnel arrived at an airbase in Niger’s capital Niamey on Thursday, where some U.S. troops are stationed amidst an ongoing withdrawal of American forces from the country, confirmed Pentagon authorities.   KEY FACTS  Defense Secretary Lloyd Austin, speaking to reporters in Honolulu, acknowledged the presence of Russian personnel at

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Prominent Co-Founder of Nigeria’s Largest Bank Among Six Fatalities in California Helicopter Crash

Feb 10, 2024,05:07pm EST Herbert Wigwe, a co-founder of Nigeria’s largest bank, was among the six individuals who lost their lives in a helicopter crash in California on Friday, as reported by various sources. Key Facts: A Eurocopter EC 130 helicopter, carrying six people, crashed near Nipton, California, on Friday night. The Federal Aviation Administration

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Ivory Coast and South Africa Secure Spots in Africa Cup Semifinals

In a thrilling match, Oumar Diakité’s stoppage-time goal secured a dramatic 2-1 victory for 10-man Ivory Coast over Mali, earning them a spot in the Africa Cup of Nations semifinals. Goalkeeper Ronwen Williams played heroically, saving four penalties in the shootout as South Africa advanced by beating Cape Verde 2-1 on penalties after a goalless

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Segun Aremu: Nigerian Traditional Monarch Fatally Shot, Wife Abducted

Armed assailants have perpetrated a heinous act, shooting retired army general Segun Aremu, who held the esteemed title of Olukoro of Koro, a traditional ruler in the southwestern region of Nigeria. The attack occurred on Thursday night when the assailants forcefully entered the palace, also abducting his wife and another individual. Details regarding the identity

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Senegal’s President Macky Sall Delays Presidential Election Due to Integrity Concerns

Senegalese President Macky Sall has made the unprecedented decision to postpone the upcoming presidential elections, originally scheduled for later this month. In a decree announced on Saturday, President Sall cited controversies surrounding the disqualification of certain candidates and allegations of corruption in election-related cases. The decree repeals the law that convened the electoral body just

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African Music: Celebrating Grammy Recognition and Global Influence

Title: “African Music Shines: From Grammy Recognition to Global Impact”   The diverse genres and talents of the African music industry are not just making waves on global charts but are also claiming a spot on the prestigious Grammy stage.   The recently introduced Grammy category, “Best African Music Performance,” scheduled for this Sunday, signifies

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