Africa Business Emerging Markets Headlines International

AfDB warns of linking African loan payment to critical resources

Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control vast resources in the continent. In an interview with the Associated press, AFDB chief Akinwumi Adesina explained how such loans lead to undervaluing natural resources of African countries and further […]

Africa Egypt Headlines International

South Africa: Three monks killed in a church attack

Three Egyptian Coptic monks were killed in an attack in a monastery on March 12 in South Africa, as the country struggles with a surge in gang criminality. The three monks who belong to the Egypt-based Coptic Orthodox Church were killed in the Saint Mark the Apostle and Saint Samuel the Confessor Monastery Police said […]

Africa Finance Headlines International

Nigeria secures financial requirements for Niger rail link

Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by Nigeria’s transport minister Ahmed Alkali who said the China Civil Engineering Construction Company (CCECC) would provide 85 percent of the money while the Nigerian government would provide 15 percent. The […]

Asia Columns Headlines International Morocco Opinions

Morocco sends more humanitarian aid to Gaza at King’s instructions

Morocco, at the instructions of King Mohammed VI, Chairman of the Al Quds Committee, is dispatching a humanitarian aid, including over 40 tons of foodstuffs and basic products, to the Palestinian population in Gaza and the Holy City of Al Quds. This aid, which coincides with the advent of the holy month of Ramadan, aims […]

Emerging Markets Energy Headlines Morocco

Morocco’s MASEN, main interlocutor for green hydrogen investors

Morocco’s green hydrogen offer to investors has assigned a prominent role to the country’s sustainable energy agency MASEN as the main interlocutor for investors. The agency is tasked with examining projects by investors and coordinating between them and authorities. On March 10, the Prime Minister’s office said the offer is ready and promised 1 million […]

Africa Business Emerging Markets Headlines International

Africa imports 70-80% of its drugs, losing $2.6tn yearly due to ill-health — AfDB chief

Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that the continent suffers an annual loss of $2.6 trillion yearly due to lack of productivity caused by ill-health. Speaking at a recent ceremony in Lagos where he was honored with […]

Business Finance Headlines

De-dollarization in Africa: could BRICS currencies challenge greenback?

A recent report by Sputnik Africa claiming that the use of the Russian ruble for trade between Russia and Africa has more than doubled since 2022 is challenged by other sources that report a sharp dip in the share of ruble payments from 23.7% in mid-2022 to 12.7% in mid-2023. Russian ruble usage in international […]

Africa Blogs Community Headlines International

Sudan rejects reports of Iran’s bid for Red Sea navy base, as Russian base is on hold

Sudan has dismissed all reports of Iran’s intention to establish a naval base on the country’s Red Sea coast, which comes at a time when the creation of the Russian Navy in the country has been postponed indefinitely due to the ongoing fighting. Sudanese Minister of Foreign Affairs Ali Al-Sadiq Ali was quoted by Sputnik […]

Africa Headlines International

Nigeria kidnappings: more students snatched as army hunts for missing

Gunmen kidnapped 15 more students from an Islamic school in northwestern Nigeria, which comes following the abduction of more than 280 children by gunmen in the same region last week. The gunmen broke into the premises of the Islamic seminary in the village of Gidan Bakuso in Sokoto state on Saturday (9 March), snatching 15 […]

Headlines Maghreb Tunisia

Tunisians struggle with inflation as Ramadan starts

Once a month of joy and celebration, Ramadan this year has put the finances of ordinary Tunisians on strain as inflation bites, coupled with a shortage of basic goods and rampant unemployment. Tunisia’s February inflation was at 7.5% with prices set to further surge due to the high demand on foodstuff, particularly during the fasting […]