Mega hydropower project in Central Africa aims to transform continental energy supply

The Democratic Republic of Congo’s ambitious Grand Inga Dam project, potentially Africa’s largest hydropower initiative, has entered crucial funding discussions with international financial institutions. The proposed 80-billion-dollar development promises to generate 44,000 megawatts, potentially powering much of the African continent. The project envisions six additional hydropower stations complementing two existing facilities near western DRC’s waterfall […]

Zimbabwe aspires to create ‘Africa’s Dubai’ at Victoria Falls

Zimbabwe plans to create an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the success of Dubai and the Isle of Man in attracting foreign investment. “The trigger is the success of the VFEX,” Zimbabwean Finance Minister Mthuli Ncube said, referring to the US dollar-denominated Victoria Falls […]

Russia–Africa Forum: Moscow refuses again Polisario’s participation, dealing another blow to Algerian Regime

Moscow has excluded the Algeria-backed Polisario separatists from participating in the first ministerial conference of the Russia-Africa Partnership Forum, dealing another humiliating blow to the ruling Algerian junta. Moroccan foreign minister Nasser Bourita is representing the Kingdom in the two-day event which opened Saturday in the city of Sochi. The conference is attended by government […]