New Malian leader Assimi-Goita

Africa’s diaspora remittances to grow 5,4% in 2024, market set to reach $500bn by 2035

Remittances to Africa and the Middle East, which play a pivotal role in many regional economies, significantly contributing to their GDP, are estimated to have increased 5.4% in 2024, primarily due to rebounded flows to Egypt, after a 14.6% decline in 2023. In 2024, remittance flows to low- and middle-income countries are expected to reach […]

Germany re-opens embassy in Libya

Germany Thursday reopened its embassy in Libya after seven years of closure as the European country aims to increase diplomatic presence in the war-torn African country set on a path of December elections and reconstruction. “Today, we want to show with the reopening that Germany is and will remain a committed partner of Libya,” said […]

Oil & gas: South Sudan, Kenya seek to boost cooperation

South Sudan and Kenya seek to boost their cooperation in the oil sector.   To this end, South Sudan petroleum minister Daniel Awow Chuang, and his Kenyan counterpart John Munyes met in Juba to discuss ways of enhancing cooperation in the areas of oil infrastructure development and experience sharing, State-owned radio South Sudan Broadcasting Corporation […]