Foreign
10 African countries with the lowest income earners in 2024
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By Kayode Sanni-Arewa
In many African countries, a significant portion of economic activity occurs in the informal sector. This includes small-scale trading, subsistence farming, and other forms of unregistered economic activities. As a result income for the average person can be low due to an inability to maximize the market.
While not entirely representing the income levels of any given country, GNI per capita nonetheless, highlight the symptoms of economic problems, and is typically a great indicator of the income level of an economy.
African economies often face other challenges such as inadequate infrastructure, limited access to education and healthcare, and weak governance, all of which contribute to low levels of cash flow within an economy, and as a result, the GNI per capita is influenced.
Gross National Income (GNI) per capita is a widely used metric for assessing the economic performance of a country. It calculates the average income of a nation’s citizens and is often used to compare living standards across countries.
However, relying heavily on low-income earnings as a measure of GNI per capita may not be completely forthright for African countries. For example, in some African countries, a tiny elite may control a sizable share of the national revenue, while the bulk of the people remains poor.
Nonetheless, the GNI per capita is a key indicator in assessing the health of any economy on the planet.
According to a World Bank report titled World Development Report 2024, there are now 26 low-income, 108 middle-income, and 83 high-income economies in the globe as represented by their GNI per capita.
This report also highlights the GNI per capita in Dollars of the regions be it low, middle, or high income, and below are 10 African countries with the lowest GNI per capita.
10 African countries with the lowest income earners in 2024
RANK COUNTRY GNI PER CAPITA CLASS
1. Burundi $240 Low-Income Economy
2. Somalia $470 Low-Income Economy
3. Central Africa Republic $480 Low-Income Economy
4. Mozambique $500 Low-Income Economy
5. Madagascar $510 Low-Income Economy
6. Sierra Leone $510 Low-Income Economy
7. Democratic Republic of Congo $590 Low-Income Economy
8. Niger $610 Low-Income Economy
9. Malawi $640 Low-Income Economy
10. Liberia $680 Low-Income Economy
Foreign
Death Toll From Venezuela Quakes Jumps To 188, Over 1,500 Injured
The death toll from Venezuela’s devastating earthquakes has risen to at least 188, with 971 people injured, National Assembly chief Jorge Rodriguez, said on Thursday.
Interim president Delcy Rodriguez had earlier said that round 30 aftershocks have been recorded following the two strongest quakes on Wednesday.
Authorities initially reported 32 dead and more than 700 injured.
The earthquakes of magnitude 7.2 and 7.5 struck the same area of Venezuela on Wednesday, according to the United States Geological Survey (USGS), causing buildings in the capital to crumble and forcing the closure of the country’s main airport.
US President Donald Trump said late Wednesday that “the two major earthquakes that just hit the great people of Venezuela are both massive in scale and have left a devastating number of deaths.”
“The U.S.A. stands ready, willing, and able to help! I have instructed all agencies of our government to get ready to move quickly,” the American president wrote on his Truth Social platform.
An AFP journalist saw a 22-story building completely destroyed in the capital’s Altamira neighborhood, where people cried out relatives’ names as volunteers climbed over the rubble.
“We need flashlights,” one of them said.
The first quake, with an epicenter 21 kilometers (13 miles) west of the coastal town of Moron, occurred at 2204 GMT, USGS said. Within a minute, a 7.5-magnitude quake struck about 45 kilometers away.
“This earthquake was the second event in a doublet. This magnitude 7.5 mainshock was preceded by 39 seconds by a 7.2 foreshock,” USGS said.
Foreign
US Targets Alleged ISIS Funding Network, Names Nigerian
The United States government has identified a Nigerian national among several individuals and organisations accused of facilitating financial operations for the Islamic State of Iraq and Syria (ISIS), as part of a broader crackdown on the group’s global funding network.
In a statement issued by the U.S. Department of State, officials said the action targeted three individuals and six entities operating across Europe, the Middle East, and West Africa, who are allegedly involved in moving funds used to support ISIS activities.
According to the department, the measures are aimed at disrupting the terrorist group’s ability to finance attacks and sustain its international operations.
“Under the leadership of President Trump, the United States is dismantling ISIS’s ability to finance terrorism around the world. We are cutting off the financial lifelines from around the world that enable ISIS to fund attacks, support its regional affiliates, and threaten civilians, including religious minorities,” spokesperson Thomas Pigott said.
The statement noted that the network spans France, Syria, Türkiye, and Nigeria, and is believed to have facilitated the cross-border movement of funds linked to the extremist group.
Officials alleged that the designated individuals include a France-based facilitator connected to explosives-related information shared with ISIS supporters, a Syria-based operator who reportedly used cryptocurrency to transfer funds internationally, and a Nigeria-based facilitator whose money exchange businesses were allegedly used as channels for ISIS financing.
The U.S. government said the designations are part of ongoing efforts to dismantle financial pipelines supporting terrorist organisations and to restrict their global operations.
Foreign
Seven PMs In 10 Years: Britain’s Decade Of ‘Change’
Britain will have its seventh prime minister in 10 years after Labour leader Keir Starmer was ousted on Monday by his own party.
The party’s self-inflicted wound was a trend set by the Conservatives when they were in office.
Starmer announced his resignation on Monday following months of nose-diving poll ratings and manoeuvring by his own MPs.

Veteran Labour politician Andy Burnham has confirmed he will seek to replace him.
The main opposition Tories went through five prime ministers between 2016 and July 2024 when Starmer swept to power in a landslide general election victory.
The rapid turnover at the top prompted Starmer — before he became prime minister — to call for an end to the “chaos” of chopping and changing leaders.
After less than two years, Starmer has now met a similar fate himself.
Here’s what happened to his predecessors:
David Cameron (May 2010 to July 2016)

Britain’s decision to leave the European Union ended Cameron’s second term as prime minister.
After the country voted to leave in a June 2016 referendum, Cameron, who had campaigned to remain in the bloc, resigned.
Theresa May (July 2016 to July 2019)

Tolga AKMEN / AFP
May took over amid the fallout from the Brexit referendum after a long tenure in the notoriously difficult post of interior minister.
She called a snap election the following year to strengthen her hand in Brexit negotiations, but the move backfired when her party emerged as the biggest in parliament but without a majority.
Unable to get her Brexit deal through parliament, the Conservatives suffered a drubbing in European Parliament elections in May 2019, leading to her resignation.
Boris Johnson (July 2019 to September 2022)

Johnson, a maverick politician famed for making a career out of breaking the rules, had to navigate the coronavirus pandemic and Britain’s departure from the European Union.
He led the Conservatives to victory in the December 2019 snap general election.
But weakened by scandals, he was eventually forced to step down following a cascade of resignations by ministers and aides.
Liz Truss (September 2022 to October 2022)

Truss was prime minister for just 49 days, the shortest on record, before being ousted over her disastrous tax-cutting mini-budget.
Her economic agenda spooked the markets and took the UK to the brink of financial meltdown, losing her the support of her own party.
Rishi Sunak (October 2022 to July 2024)

Sunak was at the helm for 20 months before losing the 2024 general election to Starmer, bringing to an end 14 years of Conservative rule.
He brought some stability following the Truss debacle but failed to stop bitter Tory infighting.
The privately wealthy former financier ultimately failed to connect with regular voters struggling with a cost-of-living crisis.
AFP
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