The African Export-Import Bank (Afreximbank) is in advanced discussion with Senegal’s oil refiner to raise $500 million in syndicated finance, a senior official of the bank told Reuters. The funds will be used to upgrade the company’s old refinery. Société Africaine de Raffinage (SAR), is the oldest refinery of West Africa. The company has recently […]
Malawi’s President Lazarus Chakwera has announced 21 days of national mourning after the wreckage of the small military plane carrying the late Vice President Saulous Chilima, a former first lady and seven other passengers was discovered by authorities on Tuesday (11 June). Chilima and eight others were killed on impact after the twin propeller aircraft […]
Only 16 African heads of state have arrived in St. Petersburg to attend the second Russia-Africa Summit — fewer than half of the 43 who came to the first summit in 2019 — a striking disappointment for the Kremlin despite its recent flurry of diplomatic efforts in the continent. Russian President Vladimir Putin is meeting […]
