Author: Solomon Alaka

The Cost and Profit Potential of Europe’s Net-Zero Transition: A Comprehensive Outlook into a $275 trillion Global Market

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The transition to a net-zero economy in the European Union (EU) is an ambitious and transformative undertaking, requiring substantial investments. While estimates on the exact cost vary, two major sources—McKinsey and PwC—offer valuable insights into the scale of these investments and the potential returns. Global and European Investment Requirements Key Areas of Investment and Expected […]

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Global Markets Hit Hard as US Stock Sell-Off Erases $4 Trillion in Market Value

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Global financial markets experienced sharp declines following a major sell-off in the US, triggered by President Donald Trump’s remarks that hinted at the potential for tariffs to push the American economy into recession. This uncertainty has raised concerns over future economic growth and dampened investor sentiment. The US stock market saw one of its most […]

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China’s Expanding Influence in Africa’s Port Infrastructural Development: A Strategic Maritime Presence

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Chinese state-owned companies are deeply involved in Africa’s port infrastructure, with a significant presence across 78 ports in 32 countries. This involvement spans financing, construction, and operation, cementing China’s role as a key player in Africa’s maritime trade. With 231 commercial ports on the continent, Chinese firms control more than a quarter of these vital […]

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OSCE Secretary General concludes visit to Moscow

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MOSCOW/VIENNA, 12 March 2025 — OSCE Secretary General Feridun H. Sinirlioğlu concluded his official visit to Moscow today. In his discussions with Foreign Minister Sergey Lavrov and other high-level officials, Secretary General Sinirlioğlu underlined the OSCE’s readiness to support efforts towards ending the war in Ukraine, and on the day after. “The ongoing war in […]

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Jihadist Revenge Attack in Nigeria Leaves 11 Dead

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A new jihadist group, the Lakurawa, carried out a brutal revenge attack in northwest Nigeria over the weekend, killing 11 people and burning down seven villages. The militants targeted Birnin Dede and six surrounding villages in Kebbi State, near the border with Niger, to avenge the death of their commander, Maigemu, killed by Nigerian security […]

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Nigeria Secures $200 Million Deal for Mini Grids to Expand Renewable Energy in Rural Areas

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Nigeria has signed a $200 million agreement with WeLight, a pan-African Distributed Renewable Energy (DRE) company, to deploy hundreds of renewable mini-grids across rural and peri-urban communities. This ambitious project aims to bring reliable electricity to millions of Nigerians, especially in underserved regions. The initiative, supported by the World Bank and the African Development Bank, […]

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Three Journalists Detained in Chad Over Alleged Ties to Russian Wagner Group

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Three journalists in Chad have been remanded in custody after being accused of colluding with the Russian paramilitary group, Wagner. The detainees include Olivier Mbaindinguim Monodji, director of Le Pays and Chadian correspondent for Radio France Internationale (RFI), Ndilyam Guekidata, an editor at Le Pays, and Mahamat Saleh Alhissein, a journalist from Tele Tchad. The […]

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Benin Cyberactivist Denies Criticism of Government Amid Ongoing Legal Battle

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Beninese cyberactivist Steve Amoussou, currently imprisoned since August 2024, has denied allegations that he ran an anonymous online account critical of the government. Amoussou, accused of spreading false news and inciting rebellion, was detained after allegedly being “kidnapped” from neighbouring Togo, according to his legal team. His trial before the Court for the Repression of […]

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ChatGPT Sets New Visitor Record but Faces Traffic Sharing Challenges

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In February 2025, OpenAI’s ChatGPT reached a new milestone, attracting a staggering 3.905 billion visitors, according to data from Similarweb. This marks the highest monthly traffic to the AI chatbot, though growth has slowed, with only a 1.44% increase over January. Year-over-year, however, ChatGPT continues to show impressive growth, with a 137% rise in visitors […]

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EU Sets to Implement Countermeasures Valued at €26 billion Against U.S. Steel and Aluminum Tariffs

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On April 1, 2025, the European Union (EU) will begin imposing countermeasures in response to U.S. tariffs on steel and aluminum imports. This action follows U.S. President Donald Trump’s decision to apply tariffs worth $28 billion on these imports. The European Commission, led by President Ursula von der Leyen, announced that the EU will retaliate […]

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