Latin America

German President visits Nigeria, focus on energy cooperation

German President Frank-Walter Steinmeier met with his Nigerian counterpart Bola Ahmed Tinubu in Abuja, the capital of Africa’s most populous country, on Wednesday, December 11, where he is on a two-day visit. Talks discussed partnership between the two countries, with focus on energy cooperation. “We have with Nigeria one of the longest energy partnerships that […]

Africa’s lost wealth: billions worth of gold smuggled out each year

Over $30 billion worth of gold was smuggled out of Africa in 2022, primarily to the United Arab Emirates (UAE), Turkey, and Switzerland, according to a new ground-breaking report by Swissaid that calls for more transparency and traceability in the gold supply chain to improve local conditions and artisanal miners’ working conditions throughout the continent. […]

Nigeria approves $1bn Chinese loan for Hydropower project

Nigeria’s Federal Executive Council (FEC) has approved $1 billion Chinese loan from Chinese EXIM Bank for the development of the Gurara II hydroelectric project in Kaduna State in the north of the country. The Gurara II hydroelectric dam will produce 360 MW. The Gurara River is already serving to generate 30 MW of electricity and […]