Africa Headlines International

Rwanda struggles to contain Marburg virus outbreak

Rwanda reported 8 deaths up to Sept 30 from Marburg virus, which shares many properties with Ebola, as authorities race the clock to contain the spread of the virus. Most of the deaths were reported among medics operating in an intensive care unit, Rwanda’s health minister Sabin Nsanzimana said. At least 20 cases have been […]

Africa Emerging Markets Finance Headlines International Morocco

AfDB Grants €70 million financing facility to Morocco’s Bank of Africa to promote African trade

The African Development Bank Group approved a €70-million financing facility for Bank of Africa Maroc (BOA) to promote access to financing African trade. The package comprises a €50 million Risk Participation Agreement (RPA) and a €20 million Trade Finance Line of Credit (TFLOC), the AfDB said in a press release. “The African Development Bank, rated […]

Africa Algeria Columns Headlines International

Mali denounces Algeria’s interference in its domestic issues

Spokesman for the Malian government denounced at the UN in the strongest terms Algeria’s destabilization role in the Sahel and Algiers interference in Mali’s domestic affairs. “We observe a grave interference in Mali’s domestic affairs… Mali is not an Algerian Wilaya (province),” said deputy prime minister and spokesman for the Malian government Abdoulaye Maïga in […]

Africa Egypt Headlines International

Would Somalia be a battleground of Egyptian-Ethiopian proxy war?

The inflow of Egyptian arms to Somalia in a context of increasing tension with its Ethiopian neighbor risks triggering a proxy war in the horn of Africa opposing Cairo to Addis Ababa. Reports mentioned a second shipment of Egyptian arms to Somalia this week, despite threats by Ethiopia that such move represents an act of […]

Africa Headlines International

South Africa yet to find mass shooters of 18 people

South African authorities are still on the manhunt after armed man shot dead 18 people, in the town of Lusikisiki in Eastern Cape province. The shooting targeted two houses in the same neighborhood, which is a collection of rural homesteads on the outskirts of the town, the police said. Two days later, still no arrests […]

Africa Americas Energy Headlines International

US agency offers Sierra Loan $430 mln grant to boost electricity access

The Millennium Challenge Corporation, a U.S. state development fund, offered a grant of $430 million to help Sierra Leone generalize electricity access. The grant would back efforts to give electricity access to some 4.6 million people in the country where 30% of the population lacks electricity. Electricity access is a major issue in Sub-Saharan Africa, […]

Africa Emerging Markets Headlines International Morocco

Sahel States laud Royal Atlantic access initiative as strategic

Sahel States have lauded King Mohammed VI’s initiative aiming to facilitate their access to the Atlantic Ocean, as a “highly important strategy” for co-development and prosperity in the region and as a move that will help the Sahel states diversify their sources of access to the Atlantic. This came in a joint communiqué released following […]

Africa Asia Finance Headlines International

Kenya seeks $1.5 bln loan from the UAE, agencies

Kenya is seeking a financing of $1.5 billion from the UAE to bolster its public finances, Reuters and Bloomberg reported, citing sources. Kenya has sought to curb its widening fiscal deficit and growing debt servicing by tax hikes which triggered the most violent protests in the country’s history. A delay in reaching a financing deal […]

Africa Energy Headlines International

Exxon Mobil plans $10bln investment in Nigeria

Hydrocarbons giant Exxon Mobil plans to invest 10 billion dollars in Nigeria’s offshore oil, a spokesman for Nigeria’s presidency said. The investment was discussed by Nigeria’s Vice President Kashim Shettima and the CEO of Exxon’s Nigeria operations Shane Harris on the sidelines of the U.N. General Assembly in New York, presidential spokesperson Stanley Nkwocha said […]

Africa Emerging Markets Headlines International Morocco

African Atlantic States commend Morocco for its initiative, leadership

Member countries of the Rabat Process on the African Atlantic States (AASP) praised, in New York, Morocco’s initiative and leadership in creating this coordination framework, which will help find appropriate solutions to mutual challenges. At a Ministerial Meeting of the Atlantic African States Process held on the sidelines of the ongoing 79th UN General Assembly, […]