First Independent Mena Newspaper
At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has sent shockwaves across the continent, along with calls for more regulation. An unknown number of African customers held funds on the Bahamas-based platform, as did numerous African startups. On Tuesday […]
Gulf of Guinea nations have banded together earlier this year to crack down on illegal fishing, which environmental groups blame on Chinese boats that are decimating West Africa’s fish stocks and fishing communities along the coastline. Chinese boats are decimating West Africa’s fish stocks and fishing communities in the Gulf of Guinea, say environmental groups. […]
With the annual US-Africa Leaders Summit kicking off in Washington, D.C., this Tuesday Dec.13, the Biden administration will try to offer its African partners a better alternative to the economic competition from China on the continent. Deputy Commerce Secretary Don Graves acknowledged that the United States has fallen behind as China has surged past American […]
The European Bank for Reconstruction and Development (EBRD) is providing additional loan financing of €100 million to Société Nador West Med (NWM) for the construction of the Nador West Med port in the Oriental Region of Morocco. The loan is a new, second tranche under a €200 million EBRD loan agreement signed in 2015, announced […]
Uganda’s President Yoweri Museveni has proposed plans to build a new standard gauge railway (SGR) linking Kampala, the capital city, with the Kenyan border, reports say. “We’re going to build a brand-new SGR line from Kampala to Kasese. Later on, we will extend it from Kampala to the border of Kenya and then to South […]
While some of the ports, bridges and other coastal projects constructed as part of Beijing’s so-called Maritime Silk Road help developing economies increase their capacity for trade, there are environmental downsides to China’s coastal infrastructure, according to a new academic study that has just been published in the journal One Earth. The study, by researchers […]
Henri Claude Oyima, head of Gabon’s private bosses has indicated that the President of the republic Ali Bongo has nodded to the demand of the Federation of private companies of the central African country to take control of the struggling National Social Security Fund, CNSS. “We were pleased with the Head of State’s announcements on […]
The annual US-Africa Leaders Summit kicks off this Tuesday Dec.13 in Washington, D.C., where President Joe Biden will host about 50 African leaders, their delegations and Africans in the private sector and diaspora communities in the United States. The Biden’s three-day summit, which will focus on values such as democracy and good governance, as well […]
Morocco’s flag carrier RAM said it will offer 30 flights to carry fans to the semi-final match against France, a move that will help meet the rising demand on flights to Doha. Moroccan fans are among the largest in Doha as Morocco advances to the semi-finals for the first time in Africa’s history. The tickets […]
The European Bank for Reconstruction and Development (EBRD), the Green Climate Fund (GCF) and the European Union (EU) have agreed to provide a financing package of up to €25million to Banque Centrale Populaire (BCP) to support Morocco’s green transition. This is the third facility provided to BCP under the GCF Green Economy Financing Facility (GEFF) […]