AfDB allocates $4.5 mln to improve governance in 14 African municipalities

The African Development Bank said it has allocated $4.5 million to back projects in 14 African municipalities. In a statement, the bank said that 500,000 dollars- as part of the same funding -will be earmarked to improving the quality of urban governance including through the launch of a capacity-building and consulting program to enhance municipal […]

UNCTAD: Illicit financial flows costs Morocco, Africa billions of dollars

A United Nations report, issued this week, said that illicit financial flows out of Morocco amounted to about 16.6 billion dollars during the years 2013-2014.   This came in a report by the United Nations Conference on Trade and Development (UNCTAD), which revealed that the African continent loses about 88.6 billion dollars annually due to […]

Sudan’s paramilitary RSF sign transitional constitution amid escalating conflict

In a move that intensifies Sudan’s ongoing civil war, the paramilitary Rapid Support Forces (RSF) and allied rebel groups Tuesday (4 February) signed a transitional constitution in Nairobi. The new constitution formalizes the RSF’s control over eight territories and outlines plans for a joint army with the Sudan People’s Liberation Movement (SPLM). This action comes […]