First Independent Mena Newspaper
Saudi Arabia promised $41 billion worth of investments in Sub-Saharan Africa, Saudi finance minister Mohammed bin Abdullah Al-Jadaan said. The investments include a $1 billion development program for Africa, $5 billion for startups from the Saudi Development Fund over the next decade, and $10 billion in financing from the Saudi Export-Import Bank. Additionally, private sector […]
Sweden has joined the Netherlands and Luxembourg in making a significant contribution to Africa’s financial development, pledging 50 million Swedish crowns ($4.8 million) to the African Development Bank’s Capital Market Development Trust Fund (CMDTF). This investment, channeled through Sweden’s International Development Agency, aims to strengthen and integrate Africa’s regional financial markets. The initiative serves multiple […]
Murray Auchincloss, Chief Executive Officer (CEO) of British Petroleum (BP), announced Wednesday October 30, significant progress towards the upcoming exploitation of the Ahmeyim liquefied natural gas (LNG) project, situated off the coasts of Mauritania and Senegal. BP is anticipating the commencement of production and export operations in early 2025, a development that underscores the growing […]
Fears are escalating over the Sudanese conflict, now more than 18 months ongoing, as a newly formed militia enters the fray in eastern Sudan. The new militia, known as the “Eastern Battalion,” was reportedly trained in neighboring Eritrea. According to a statement, the group has begun operations in Kassala state, near the Red Sea region. […]
Moroccan Panafsat company is planning to deploy a satellite communications system destined for Africa with the support of Thales Alenia Space, a joint venture set by French Thales group and Italian Leonardo corporation. The announcement was made during the meeting held Tuesday in Rabat between Moroccan-French businessmen on the sidelines of the state visit French […]
Following the recent defection of a senior military leader from the Rapid Support Forces (RSF) in Al-Jazirah State, five political leaders on October 26 publicly announced their departure from the RSF, officially joining the Sudanese Army led by General Abdel Fattah al-Burhan. These former advisers to RSF head General Mohamed Hamdan Daglo, also known as […]
The IMF expects the Sub-Saharan African economy to grow by 3.6% in 2024 and 4.2% in 2025, noting that growth remains “subdued and uneven.” Resource-intensive countries continue to grow at about half the rate of the rest of the region, with oil exporters struggling the most, the IMF said in its regional economic outlook. “Factors […]
Turkey’s Foreign Minister will attend a Turkey-Africa ministerial meeting in Djibouti next week, in a bid to strengthen cooperation with the continent. The gathering, scheduled for November 2-3, will host representatives from 14 African countries and evaluate progress since the 2021 conference. Turkey has significantly increased its African presence, with trade growing nearly eight-fold and […]
The Rapid Support Forces (RSF) have conducted a devastating multi-day attack in Sudan’s Gezira province, killing more than 120 people and forcing over 46,500 residents to flee. Between October 20 and 25, RSF fighters terrorized villages and towns, shooting civilians and committing sexual violence against women and girls. The United Nations reported widespread looting of […]
The African Union suspended the participation of Sudan in all its activities until constitutional order is restored with the installation of a civilian-led transition government. The decision was taken by the AU’s supreme decision-making body the Security and Peace Council as war dragged on in Sudan between the army and the paramilitary force RSF. “While […]