LAGOS FEBRUARY 25TH (NEWSRANGERS)-Africa’s richest man and Chairman of Dangote Group, Aliko Dangote is feeling the heat of Nigeria’s economic crisis with his net worth shedding $1.1bn or the equivalent of N1.88tn (N1,665.5/$). The billionaire’s misfortune is coming one week after he earned a whopping $144m, an equivalent of N221.46bn (N1,537.9/$) in a single day….
LAGOS JUNE 16TH (NEWSRANGERS)-Sitting on top of a yellow jerry can of fuel, Jeannine waits for customers on a sidewalk in Benin’s economic capital Cotonou, but business is slow. The motorbikes and cars she normally supplies are no longer stopping to stock up on her cheap gasoline, which is smuggled in from neighbouring Nigeria. Since…
LAGOS FEBRUARY 22ND (NEWSRANGERS)-Mohamed Cisse used to employ hundreds of workers in Mali’s capital Bamako before economic sanctions last month shut borders and cut the lifeblood of his construction business. Cement is scarce. Its key ingredient, clinker, comes from neighbouring Senegal, from which all but essential goods are blocked. Cisse has been forced to shut…