Africa Europe International

Ex-Rwandan gendarme found guilty of genocide, sentenced in France to life in prison

The Paris Assize Court found a former Rwandan gendarme guilty of genocide and crimes against humanity committed during a slaughter of innocent civilians in his home country in the spring of 1994 and sentenced him to life imprisonment. The Paris court was merciless in sentencing the 66-year-old Philippe Hategekimana, naturalized French under the name Philippe […]

Africa Business Emerging Markets Europe Headlines International

Prospects and challenges for EU trade deals with Kenya and Rwanda

Rwandan prime minister this week held a meeting with the European Union delegation to discuss various areas of partnership to boost trade and investments, while NGOs are pushing Kenya to rescind the recent agreement with the EU to implement the Economic Partnership Agreement (EPA) between them. Following the meeting with Rwandan PM Edouard Ngirente, one […]

Africa Europe International

UK court stops govt’s plan to send asylum seekers to Rwanda

A British court has ruled that a government plan to send asylum-seekers on a one-way trip to Rwanda — designed to deter migrants from crossing the English Channel is unlawful. Court of Appeal judges said Rwanda could not be considered a “safe third country” where migrants could be sent, but — in a partial victory […]

Africa Americas Europe Finance International

Gabon to borrow $52m from U.S.-based Santander bank to buy payload military carrier

Gabon is set to apply for a $52 million loan from Boston-based Santander bank to place order for a C295 military carrier from European multinational aerospace corporation Airbus. The aircraft will beef up the operation capacities of the air forces, local media “Gabon Review” reports. C295, according to experts, is a new-generation tactical airlifter in […]

Headlines Morocco

Morocco: King Mohammed VI performs Eid Al-Adha prayer, rituals in Tetouan

King Mohammed VI has performed the Eid Al-Adha prayer this Thursday morning at Hassan II Mosque in Tetouan in northern Morocco. The monarch was accompanied by his son Crown Prince Moulay El Hassan, his brother Prince Moulay Rachid, and his cousin, Prince Moulay Ismail. Members of the royal family and several cabinet members, including Head […]

Africa Europe Finance International

Lome-based BOAD provides $15.3m credit facility for Golden Tulip Akwaba hotel project in Côte d’Ivoire

The West African Development Bank – BOAD- has provided $15.3 million credit facility for Golden Tulip Akwaba hotel project in the Ivorian economic capital Abidjan, whose foundation was laid in December last year. The bank announced the credit facility this week adding that the loan will be used to build and exploit the future infrastructure. […]

Africa Headlines International

CAR: Ties with Russia will continue with or without Wagner

The first Vice-President of the Central African National Assembly, Evariste Ngamana indicated Wednesday June 28 that ties with Russia will not be affected whether Russian paramilitary company Wagner leaves the country or not. Ngamana’s remark came after Russian top diplomat Sergei Lavrov asserted that the paramilitary group who briefly rebelled against the Kremlin on Saturday […]

Energy Finance Headlines International Morocco

Sound Energy receives financing from Attijariwafa Bank for gas field project in Morocco

Sound Energy PLC on Wednesday said that Casablanca-based Attijariwafa offered to finance the second phase of its development of the Tendrara production concession in Morocco. The London-based Morocco-focused upstream gas company said Attijariwafa offered up to around $237 million, subject to conditions being met before the end of September. The funding includes a 12-year term […]

Africa Americas International

Sahel: exploring nexus between arms and human trafficking — UN report

A dizzying array of illegal weaponry dots market stalls across the Sahel, fueling violence and insecurity in this 6,000-km-wide belt in the middle of Africa, where smuggling networks exploit the ensuring desperation of people, leading to such deadly disasters as the recent shipwreck off the coast of Greece, according to the latest series of reports […]

Africa Americas Business International

Africa’s fintech revolution: market to reach $65bn in revenue by 2030, but challenges remain

Africa’s fintech market is poised for significant growth, projected to reach a $65 billion in revenue by 2030, which represents a 13-fold increase over 2021, according to a new study conducted by consulting firm Boston Consulting Group (BCG) and QED Investors, a global VC based in the US. This development will make Africa the world’sfastest-growing […]