African cinema has completely changed how the world sees Africa and Africans in general. African-produced films have become more well-known in recent years, making their impact at major international film festivals.
Africa now produces more movies than ever before. The “Nollywood” example serves as the best exemplar. However, the sector’s economic potential is still largely unrealized over most of the continent. Lack of infrastructure, a social and political context, and an uncertain economic condition might be used to explain this. Africa is the continent that is least well-served in terms of cinemas, according to UNESCO.
DRC: searching for “clean” gold
Gold and other precious minerals have been smuggled into the neighboring nations for years over the mountains in the eastern Democratic Republic of the Congo.
According to analysts, the scores of armed organizations that have plagued the region for decades have long been fed by this illicit commerce.
Primera Gold, a joint company between the Congolese government and the United Arab Emirates, was established in January of last year. It purchases gold mined by artisanal miners in the South Kivu area and sells it openly and legally.
According to Benjamin Bisimwa, Deputy Managing Director of Primera Gold, “Primera is simply the armed arm of the Congolese state to ensure that efforts are made to integrate the gold into the official circuit.”
Nigeria’s oil sector will be revived with a mega-refinery.
Lagos is now home to Africa’s biggest oil refinery, which the government hopes will help the energy-rich nation become self-sufficient and a net exporter of refined petroleum products.
The largest oil refinery in the world, built for $19 billion by Aliko Dangote, the richest man in Africa, has a daily capacity of 650,000 barrels.
Aliko Dangote claimed that the new refinery “will enable us to become a key player in the African and global market in addition to meeting the demand in our country.”
For Nigeria’s oil and gas industry, which has been struggling for years, some analysts have said that this would be a game-changer, while others think that oil theft may limit the sector’s potential.
The majority of Nigeria’s state-owned refineries are undermaintained and operate at significantly reduced capacity. Despite being Africa’s top oil producer, the West African nation must import refined petroleum products for its own needs.