Marine-Royale

DRC appoints its first-ever female prime minister as violence surges in country’s east

The Democratic Republic of Congo’s former planning minister Judith Suminwa Tuluka has been appointed as the African nation’s first-ever female prime minister amid worsening security and humanitarian situation in the country’s east. Suminwa was appointed on Monday (1 April) by DRC’s President Felix Tshisekedi, who sought to fulfill his campaign promise and make an important […]

IFC to invest $100m in Nairobi-listed Diamond Trust Bank to back SMEs hit by pandemic

International Finance Corporation (IFC) will invest 12.18 billion shillings ($100 million) in Nairobi-listed Diamond Trust Bank (DTB) to support small and medium enterprises (SMEs) impacted by Covid-19, Zawya reports, citing Kenyan Wall Street newspaper. The investment will be in senior debt under its Covid-19 emergency response working capital solutions scheme (WCS FIGE). IFC initiated the […]

Burundi shuts down Rwanda border, suspends diplomatic ties amid rising tensions

Relations between Burundi and Rwanda have taken another downturn after the former announced on Thursday (18 January) that it had suspended diplomatic ties with its neighbor and unilaterally closed its border. The move came last week, after the Burundi government accused Rwanda of supporting a Burundian rebel group known as RED-Tabara that is based in […]