IMF headquarters

DRC wants bigger slice from proceeds generated by China’s mining companies

The Democratic Republic of Congo (DRC) is pushing for an audit of the country’s mining contracts with China, which it says heavily favor Beijing, arguing that the Central African country wants a bigger slice of the proceeds from the mining and export of its resources by Chinese companies. DRC’s national assembly speaker Christophe Mboso has […]

UN Security Council to hold session for the appointment of Libya Special envoy

The UN Security Council is expected to hold a session on Libya this Monday, with the appointment of a new head of UN Support Mission in Libya (UNSMIL) on top of the agenda, Libya Update reports. UN Secretary-General Antonio Guterres last week presented to the members of the Council the new candidate, Abdullah Bitali, to […]

Africa’s venture-capital market shrunk by whooping 40% in 2023, as startups struggle

The African venture-capital (VC) market witnessed a 40% drop in funding from the previous year in the first six months of 2023, reflecting cautious investor sentiment and sparking concerns for startups’ future. In the first half of 2023, a mere 263 VC deals were executed, collectively accounting for $2.1 billion, which represents a 40% decline […]