Today Africa

Nigeria receives US military advisers for training and intelligence cooperation

Nigeria’s Defence Headquarters has confirmed the deployment of approximately 100 United States military personnel to Bauchi Airfield, stating that the team will provide technical training and advisory support to the Nigerian Armed Forces. In a statement released on Monday, Director of Defence Information Maj.-Gen. Samaila Uba said the American personnel arrived alongside related equipment and…

Read Full News

Reserve bank proposes ending use of prime lending rate in South Africa

South Africa’s central bank has launched a formal consultation on plans to discontinue the long-standing prime lending rate and instead anchor loan pricing directly to its benchmark policy rate. In a statement released on Monday, the South African Reserve Bank said linking financial contracts to the repo rate would strengthen the transmission of monetary policy…

Read Full News

Growing water outages raise alarm in Johannesburg

Water supply disruptions in Johannesburg are intensifying, prompting warnings from experts that South Africa’s largest economic hub could face a national disaster if urgent action is not taken. Concerns about the country’s water infrastructure are not new. In 2008, water specialist Anthony Turton cautioned that South Africa faced a deepening governance and capacity gap in…

Read Full News

Africa Bitcoin Corp deepens bitcoin treasury strategy

Africa Bitcoin Corporation (ABC), the continent’s first listed bitcoin treasury firm, has increased its cryptocurrency reserves with the purchase of 1.35 bitcoin, lifting its total holdings to 4.55 BTC, valued at approximately R4.7 million at current prices. The latest acquisition was completed at an average cost of R1.14 million per coin, slightly above the prevailing…

Read Full News