First Independent Mena Newspaper
The International Finance Corporation, IFC, has provided a loan worth close to $3 million to Chad’s leading microfinance Express Union Tchad (EUT) to boost access to finance for underserved communities —particularly women and those in rural areas, bolster the microfinance sector, and help drive economic growth, the World Bank’s branch for private sector financing said […]
16 people on board a boat used for illegal migration died in the night of Sunday to Monday July 24, after their vessel capsized off the Senegalese capital Dakar. “It seems to be migrants,” Samba Kandji, a district deputy mayor, told AFP on Monday. The local fire service, reports say, was alerted at dawn after […]
Madagascar’s Ministry of Transport and Metrology will launch on August 15 in capital Antananarivo the country’s first urban train to be powered by electricity, local media Madagascar Tribune reports. The train will connect Soarano and Amaronakona stations, a distance of 12 km. The new train will help commute within the capital. 2 million people commute […]
After more than a two-year delay, the EU Council finally ratified (20 July) a new treaty with African, Caribbean and Pacific countries that covers a wide range of areas, from sustainable development and growth, to human rights and peace and security. Recognized as one of the EU’s oldest and broadest cooperations with other countries, the […]
Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
When African leaders meet with Russian President Vladimir Putin in St. Petersburg in late July for a summit, their discussions will likely be overshadowed by Russia’s pull-out of the Black Sea Grain Initiative that could badly damage Moscow’s relations with its African partners. Billed as strengthening cooperation in peace, security, and development, the Russia-Africa Summit […]
Burkina Faso has introduced new taxes including levies on telephone services in a bid to raise funds to be used in the fight against terrorism, the West African country’s news agency (AIB) announced. Aboubakar Nacanabo, the Minister of Economy announced the taxes on telephone services, re-subscription of private cable television channels and sale of land […]
The United States will provide an additional $380 million in humanitarian assistance for Africa, top diplomat Antony Blinken announced Thursday. “With this funding, the United States has provided more than $4 billion in humanitarian assistance this fiscal year to respond to the needs of refugees, internally displaced persons, and people affected by conflict and crisis […]
The planet’s record-breaking hot weather has caused severe drought in many places around the world and African nations risk extreme heat if climate targets are missed, with Uganda, South Sudan, and Congo being among the most vulnerable to soaring temperatures, a recent Oxford study has warned. According to the report, eight of the 10 countries […]
The Moroccan-Russian relations and the 2023 Russia-Africa Summit due in St. Petersburg July 27-29 were at the center of talks held Wednesday in Moscow between Moroccan ambassador to Russia Lotfi Bouchaara and deputy foreign minister Mikhail Bogdanov. The two parties also discussed bilateral political dialogue on regional issues of common concern, said the Russian foreign […]