Africas

A mere few months after announcing a move to a new state-of-the-art headquarters in Nairobi, electric mobility company ROAM inaugurated the new space in a ceremony attended by the president of Kenya, William Ruto. As operations officially kick off, ROAM now occupies the largest electric motorcycle assembly plant in East Africa. ROAM was founded in 2017 under its original monicker, Opibus, before receiving a fresh rebranding to ROAM in April 2022. Although ROAM has Swedish roots, it has always…

Avanti Communications (“Avanti”) has been named the market-leading high-throughput satellite capacity partner in sub-Saharan Africa for the second year running. The results, from the 20th edition of the NSR Satellite Capacity Supply & Demand Analysis, reports that Avanti’s market share is now more than two times that of its nearest competitor. NSR’s annual report is one of the satellite industry’s most trusted and comprehensive sources for satellite capacity analysis, offering insight into key market…

The African continent is home to some of the world’s most multilingual societies. Credit: Roxane 134/Shutterstock Language is a uniquely human skill. That's why studying how people learn and use language is crucial to understanding what it means to be human. Given that most people in the world—an estimated 60%—are multilingual, meaning that they know and use more than one language, a researcher who aims to understand language…

Since COVID-19, African economies have muddled through a series of internal and external shocks. While some moved swiftly to arrest the rut, others have done little to avert the corrosion of internal and external balances. Despite recent market improvements, the prospects of disorderly defaults and messy elections continue to linger for investors. African policymakers are partly to blame. Macroeconomic fundamentals have been weakened by bond splurges at the end of the financial and oil crises, failure to…

Nigeria regained its position as Africa’s largest crude oil producer in May, data from the Organization of Petroleum Exporting Countries (OPEC) has shown. In April, Angola overtook Nigeria to emerge top African crude oil producer for the month. The country recorded 1.06 million barrels per day (bpd) of oil production in the month, while Nigeria recorded an output of 999,000 bpd. The April output figure represented the nation’s lowest production rate in 2023. Oil production from the 13 members of the oil cartel…

Flowering Karoo Desert in spring, near Willowmore, Eastern Cape, Southafrica. Credit: Winfried Bruenken (Amrum)/Wikimedia Commons, CC BY-SA Lining the Cape of South Africa and its southern coast are long chains of caves that nearly 200,000 years ago were surrounded by a lush landscape and plentiful food. During a glacial phase that…

Angola overtook Nigeria to emerge top African crude oil producer for the month of April, data from the Organization of Petroleum Exporting Countries (OPEC) has shown. According to the April 2023 Monthly Oil Market Report (MOMR) published by the oil cartel, Angola recorded 1.06 million barrels per day (bpd) of crude production in April, up from 972,000 bpd recorded in March. But Nigeria recorded an output of 999,000 bpd in April compared to 1.3 million bpd in March. The April output figure represented the lowest…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. Airtel Africa has appointed Carl Cruz, the outgoing managing director of consumer goods company Unilever West Africa, as the new chief…

A core from the Middle Stone Age stone tool assemblage from Bargny 1. Credit: Khady NiangA recent study reveals the oldest directly dated archaeological site in West Africa, extending the known timeframe of Middle Stone Age toolkits in the region to 150,000 years ago. The findings highlight the long-term durability of core elements of Middle Stone Age toolkits in West Africa and suggest that the enduring cultural continuity may be due to stable behavioral adaptation to stable environmental conditions and potential…

Asked to comment on the plans, Binance’s West & East Africa director Nadeem Anjarwalla said in a statement: ​​​​​​“As we continue to support blockchain adoption across the African continent, Binance is keen to collaborate with the Nigeria Export Processing Zones Authority to establish a virtual free zone with the aim of generating long-term economic growth through digital innovation. We look forward to sharing key details when plans have been finalized.”That a Nigerian government agency signed off on a crypto…