Economic
Zambia Introduces New Banknotes Amid Public and Economic Debate
By Ollus Ndomu| Lusaka, Zambia Excitement and debate have gripped Zambia as the Bank of Zambia (BoZ) rolled out new banknotes and coins...
Niger Strengthens Control Over Oil Industry, Reduces Chinese Influence
By: Chioma Madonna Ndukwu Niger’s government has announced significant reforms to gain more control over its oil sector, which has been heavily influenced...
South Africa In An Unknown Situation As Budget Splits Coalition Government
By Chinasaokwu Helen Okoro South Africa in a new and unknown situation following deep divisions in the coalition government over the national budget...
Ethiopia: African Leaders Endorsed $20 bln Financial Stability Fund
By Chinasaokwu Helen Okoro African leaders have approved the establishment of a $20 billion continental financial stability fund, the African Development Bank (AfDB)...
Gaza: Egypt And Jordan Increased Efforts To Counter Trump Proposal
By Chinasaokwu Helen Okoro Egypt's president welcomed Jordan's Crown Prince on Sunday in Cairo as the two countries continue to work on a...
Ghana: President Imposed A Ban On First Class Travel For All Govt. Workers
By Chinasaokwu Helen Okoro Ghana’s President John Mahama has imposed a ban on first-class travel for all government appointees as part of efforts...
Burkina Faso launches first locally assembled electric car
By Ollus Ndomu Burkina Faso has unveiled its first locally assembled electric car, ITAOUA, a fully solar-powered vehicle capable of traveling 330 kilometers...
South Africa rejects Trump’s remarks on land expropriation
By Ollus Ndomu South African President Cyril Ramaphosa dismissed U.S. President Donald Trump’s criticism of the country’s land expropriation policy, saying Trump has...
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Peter Obi’s Stand on Nnamdi Kanu Reignites Old Political Debate
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TODAY IN HISTORY – 12th Jun, 2026 – Africa World News
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Elon Musk Becomes First Trillionaire in History Elon Musk has reportedly crossed a historic financial threshold, becoming the first individual to reach a net worth above $1 trillion, following the public listing of SpaceX. SpaceX, Musk’s aerospace company, began trading on the Nasdaq under the ticker SPCX, opening at $135 per share before rising sharply to about $165 in early trading. The surge lifted the company’s valuation beyond $2 trillion, driven by strong investor demand at launch. Prior to the IPO, Musk’s estimated wealth stood at roughly $813 billion. The increase in SpaceX’s market value pushed his total net worth past the trillion-dollar mark, according to financial reports tracking billionaire valuations. The milestone further distances Musk from other global billionaires, with his fortune now exceeding that of several top-ranking figures combined on global wealth indices. SpaceX now joins the upper tier of publicly traded companies in the United States, alongside tech giants such as Apple, Microsoft, Amazon, Alphabet, and Nvidia in total market value. The company continues to expand its reach through Starlink, its satellite internet service, and xAI, its artificial intelligence venture behind the Grok chatbot, reinforcing Musk’s influence across multiple high-growth technology sectors. The development underscores the accelerating financial impact of space commercialization and artificial intelligence in shaping modern global markets.
Elon Musk Becomes First Trillionaire in History Elon Musk has reportedly crossed a historic financial threshold, becoming the first individual to reach a...
Democracy Still Wears the Crown, but the People Carry the Thorns
By: Chioma Madonna Ndukwu Democracy Still Wears the Crown, but the People Carry the Thorns “History will judge us by the difference we...
Hosts Canada Ready for Historic World Cup Kickoff Against Bosnia
Hosts Canada Ready for Historic World Cup Kickoff Against Bosnia Co-host Canada begins its 2026 FIFA World Cup campaign today at Toronto...
We Have to Improve — South Africa Keeps Faith in Bafana After Mexico Defeat
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