Africa Features Headlines International

Mozambique ‘tuna bond’ case: Credit Suisse loses bid to block UK trial due in October

Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]

Africa Americas Culture Features Headlines International Lifestyle

African immigrants celebrate their blended heritage on US Independence Day

Immigration from Africa to the United States has increased dramatically in the past three decades and these migrants turned to the US in pursuit of safety, opportunities and economic prospects, according to two latest studies on this topic. As the US commemorates 247 years of independence on Tuesday (5 July), African immigrants celebrated Independence Day […]

Africa Asia Business Emerging Markets Features Headlines International

DRC will take advantage of China’s export limits on rare metals amid global supply concerns

Congo aims to capitalize on increased germanium demand, created by export limits on gallium and germanium recently imposed by China, by establishing a new production unit, positioning itself as a valuable source of the semiconductor material. Invoking national security concerns, Beijing on Monday (4 July) announced export limits on select gallium and germanium components, raising […]

Features Headlines Tunisia

Tunisia arrests four citizens for housing illegal migrants

A court of the Tunisian second city of Sfax indicated Wednesday that four Tunisians have been arrested and indicted for housing illegal migrants, local media ‘Tunisie Numerique’ reports. The spokesman of the Court of First instance of Sfax reportedly indicated 33 illegal migrants were arrested and four other Tunisians also detained for housing them. The […]

Africa Europe Features Headlines International

EU provides 66 million euro to Niger to back national budget

Josep Borrell Fontelles, the High Representative of the European Union for Foreign Affairs and Security Policy, announced Wednesday, the bloc will provide Niger with 66 million euro earmarked to back the West African country’s national budget. Borrell made the announcement following a meeting with President Mohamed Bazoum. He also argued that the support could be […]

Egypt Energy Europe Features Headlines International

Norwegian Scatec to build 5 gigawatts wind power plant in Egypt

Norwegian renewable power producer Scatec ASA will build a 5 gigawatts wind power plant in the Egyptian city of Sohag, near the Nile, following a $5 billion deal signed with the Egyptian ministry of Electricity and Renewable Energy. In line with the deal, the two sides signed Wednesday an agreement for Egypt’s New and Renewable […]

Business Emerging Markets Energy Features Headlines

Africa50 signs MoU with International Solar Alliance in a Lome meeting

Africa50, an infrastructure investment platform that contributes to Africa’s growth by developing and investing in bankable projects, signed Monday in the Togolese capital of Lome, a Memorandum of Understanding (MoU) with the International Solar Alliance (ISA) to support and finance solar projects in Africa. The deal, Africa50 notes, advances the organizations’ mutual goal of increasing […]

Business Features Finance Headlines

West Africa: IFC, Orange Bank Africa ink partnership deal to increase digital lending for Small Businesses

The International Finance Corporation (IFC), the World Bank’s arm for the development of the private sector in developing countries, has signed a partnership agreement with Orange Bank Africa (OBA), Orange Group’s digital bank, to “enable the smallest businesses in West Africa to access the financing they need to grow”. As part of the deal signed […]

Africa Features Headlines International Tunisia

Tunisia detains three Sub-Saharans following stabbing to death of one Tunisian

Three Sub-Saharans illegally living in Tunisia have been arrested after the death of 38-year old Tunisian man by stabbing in the governorate of Sfax. The stabbing according to Sfax 1 Court occurred last Monday in the commune of Sekyet Eddeyer of Tunisia’s second city. The deceased was reportedly attacked by the three men in the […]