Africa Business Features Finance International

West African Development Bank to invest around $50m in road infrastructures in Niger

The West African Development Bank – BOAD- will invest around $50 million in road infrastructures in Niger, the President of the Togo-based financial institution, Serge Ekue, announced Thursday. “We have just been received by the President of the Republic and, as usual, we made an important point in the context of our activities”, Serge Ekue […]

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South Africa, a nerve centre for terror financing in Africa

South Africa has never really been affected by terrorism attacks. Its democracy is solid, its economy stable. However, it is considered a stronghold for the financing of the Islamic State (IS) group and other Islamist organizations, South African counter-terrorism expert Jasmine Opperman told AFP. Islamist financiers gather money in the country and transfer it into […]

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Mali: UN helicopter blown over after landing in Gao injuring 11 onboard

A helicopter belonging to the UN peacekeeping Mission in Mali (MINUSMA) capsized Thursday owing to winds and injured 11 on board. “One of our helicopters was blown over today after landing in Gao, northern Mali”, the Mission said on Twitter. “This was not a crash. Crew and passengers are all accounted for with 2 seriously […]

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Study finds anti-French sentiment spreading in Francophone Africa, IFRI

The head of Mali’s military junta and the Russian leader were reported to have discussed on the phone security and economic relations between the two countries, just as a new report has highlighted the growing anti-French sentiments in French-speaking Africa that has spread beyond educated urban elites, arguing that the phenomenon could “take lasting root. […]

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Africa needs to move from being rule-taker to be rule-maker in changing world order — ECFR

As the post-1945 multilateral system and the Pax Americana that underpinned it is in the throes of tremendous change, African countries need to take every opportunity to redefine their role in the emerging new world order, says a recent commentary published by the European Council on Foreign Relations (ECFR). “African countries have long been discontent […]

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Ghana dethrones South Africa to become Africa’s top gold producer

Ghana has reclaimed its top position as Africa’s premier gold producer, surpassing South Africa, after large-scale mining companies in the West African country increased gold production from 2.2 million ounces in 2012 to 3.08 million ounces last year. After a temporary setback in 2021 due to a sharp decline in output, Ghana has reclaimed its […]

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US to ponder ‘next way forward’ on Sudan, as generals choose fighting over talks

The United States is increasingly frustrated that Sudan’s warring factions are not taking advantage of talks initiated by Washington and Riyadh aiming to reach a permanent ceasefire as they originally agreed, according to US State Department sources. Therefore, U.S . will decide in the coming days with its partners how to proceed on mediation, a […]

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Africa’s human capital, cities and services to rekindle continent’s economies — MGI report

African governments will need to ramp up investments in digitization, infrastructure, service industry and also to develop talent, and to foster regional collaboration, as a way to improve and increase the productivity of all sectors, which will in turn power Africa’s economic growth going forward, according to a new report by the McKinsey Global Institute […]

Energy Features Headlines

Namibia bans export of unprocessed vital minerals used in clean energy technologies

Namibia’s government has banned the export of unprocessed lithium and other critical minerals to capitalize on the growing global demand for metals used in clean energy technologies. The move prohibiting the export of unprocessed crushed lithium ore, cobalt, manganese, graphite and rare-earth metals and elements is in line with the South African country’s aim to […]

Blogs Community Features Headlines Morocco

WB: Morocco Gets $350 Mln Additional Funding to Enhance Social Safety Net System

The World Bank has agreed to provide Morocco $350 million additional funding to support the country’s social protection system, especially AMO-TADAMON destined for vulnerable populations (women, children & people with disabilities) and isolated populations in rural or remote areas. The new loan comes after the $400 million disbursed in 2020 to mitigate the impacts of […]