Africa Americas Finance Headlines International

Historic debt relief agreement marks new chapter in US-Somalia relations

Somalia has achieved a significant financial breakthrough with the United States agreeing to cancel more than $1.1 billion in outstanding loans, representing approximately one-quarter of the nation’s remaining debt burden. This historic agreement marks a crucial step in Somalia’s economic recovery from decades of financial isolation. The debt, largely accumulated during the military dictatorship that […]

Africa Features International

Sudan terminates two memoranda of understanding signed with UAE before war

Sudan is stepping back from economic ties with the United Arab Emirates, with Government sources indicating early this week that Sudan may soon terminate multiple investment agreements with Abu Dhabi. This move, according to Sudanese officials, is driven by what they see as UAE interference in Sudan’s internal affairs, particularly through alleged support for the […]

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Morocco & Algeria among countries taking part in naval exercise “Phoenix Express 24” organized by AFRICOM

Royal Moroccan Navy is taking part in the multinational maritime exercise “Phoenix Express 24” sponsored by U.S. Africa Command and executed by the U.S. Naval Forces Europe and Africa (NAVAF). The exercise, organized in the Tunisian waters November 4 to 15, brings together 1,100 maritime forces and observers from 12 countries including Algeria, Libya, Mauritania, […]

Africa Business Finance Headlines International

Africa Risk-Reward Index highlights shifting investment landscape amid major political shifts

The DRC, Kenya and Uganda have been ranked by the latest edition of the Africa Risk-Reward Index 2024 as the riskiest investment destinations in East Africa, largely blamed on political, social and economic threats, while Rwanda stands out as the safest investment destination in the region. This authoritative report has been recently launched by the […]

Africa Energy Headlines International

US de-risking plans challenged by China’s control of critical minerals in Africa — study

The United States’ ambitions to de-risk its critical minerals from China’s supply chains may be complicated by Chinese control of cobalt and other resources from Africa, most notably the Democratic Republic of Congo (DRC), a new study finds. The study, recently released by the London-based minerals research and pricing firm Benchmark Mineral Intelligence, found that […]

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What US elections could mean for Africa’s trade and investment

The upcoming high-stakes presidential election in the United States will be consequential to every region of the world, not least Africa, as its result will determine the nature of future interactions between this leading global power and African countries, according to experts and observers. While Democratic Vice President Kamala Harris and Republican former President Donald […]

Africa Headlines International

Chad threatens to withdraw from lake Chad joint task force

Chad’s interim President Mahamat Idriss Deby warned his country mulls withdrawing from a joint task force made up of troops of countries bordering Lake Chad, on the back of a surge in Jihadist attacks. Following a visit to the region of Lake Chad, where 40 Chadian soldiers were killed, Deby suspected Boko Haram militants and […]

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Mauritania/Senegal: Towards strengthened cooperation

The thirteenth session of the Mauritania-Senegal Joint Cooperation Commission, held in Nouakchott, reviews existing agreements and explores new areas for mutually beneficial collaboration. This year’s session prioritized sectors crucial to economic and social development, including fisheries, energy, transport, higher education, livestock, trade, and digital technology. The discussions aim to produce recommendations that will shape future […]

Africa Headlines International

African Parliamentary body affirms strategic partnership with Russia amid global shifts

The Pan-African Parliament has reinforced its commitment to maintaining strong relations with Russia, emphasizing a neutral stance on international conflicts while promoting continental interests. The legislative body, established in 2004 as part of the African Union, serves as a platform for African peoples’ participation in regional development and integration. Parliamentary leadership has highlighted the absence […]