Africa Emerging Markets Headlines International

Senegal’s new leadership faces challenges in delivering promised reforms

Six months into his presidency, Senegal’s Bassirou Diomaye Faye is finding it challenging to implement the radical reforms he promised during his campaign. Faye, who swept to power with a leftist, anti-establishment agenda, is facing resistance from a parliament still dominated by supporters of the previous administration. The new government, led by Faye and his […]

Africa Headlines International

Tanzania: Brutal killing of opposition figure sparks outrage, calls for justice

The brutal murder of Mohamed Ali Kibao, a senior member of Tanzania’s main opposition party Chadema, has sent shockwaves through the nation and drawn international condemnation. Kibao, 69, was kidnapped, severely beaten, and doused with acid in a horrific attack that has raised serious concerns about political violence in the country. President Samia Suluhu Hassan […]

Africa Asia Energy Headlines International

Chinese firms to build Namibia’s largest power plant

After years of recurrent power cuts, Namibia seems to have taken renewable energies seriously, turning to Chinese firms for help with the country’s largest solar plant. In this respect, a deal was signed by state-owned power utility Nampower and two Chinese firms – Jiangxi International Economic and Technical Cooperation Co. Ltd and Chint New Energy […]

Africa Headlines International

Sudanese government rejects UN peacekeeping force

Sudan’s military led government, which has been mired in a civil war for over a year, rejected a call for sending UN peacekeepers to the country, amid a surge in atrocities against civilians. Earlier this month, the UN’s Independent International Fact-Finding Mission for Sudan urged sending peacekeepers to the country and imposing an arms embargo […]

Africa Business Headlines International

Air Senegal to exit key international routes amid restructuring

Air Senegal plans to suspend flights to seven international destinations as it operates a strategic overhaul of its operations. The airline will operate its last transatlantic flight to New York on Sept 15, a once twice a week route using Airbus A340-300. The airline has been grappling with operational difficulties and finding it challenging to […]

Africa Energy Headlines International

Nigeria to build floating LNG terminal

Nigeria has offered a license to UTM Offshore Limited to build the country’s first floating LNG terminal. The plant would use gas from an ExxonMobil oil field in the Niger Delta and would serve both as an export terminal and supply the domestic market, local media reported. The infrastructure would curb gas flaring which costs […]

Africa Headlines International

UN urges sending peacekeepers to Sudan, imposing arms embargo

Due to the surge of attacks on civilians by both warring sides in Sudan, the UN urged sending peacekeepers to the country and imposing an arms embargo there. The call was made by the UN’s Independent International Fact-Finding Mission for Sudan following its first report. The report said Sudan’s warring parties have committed an appalling […]

Africa Headlines International

Climate change costs Africa 5% of its GDP- study

Climate change and global warming costs African countries 5% of their GDP, according to the UN. The continent releases less than 10% of greenhouse gas emissions globally but continues to bear a disproportionate impact of global warming. African countries spend 9% of their budgets to counter climate change. Meanwhile, they only receive 1% of annual […]

Africa Energy Headlines International

Nigeria’s Dangote refinery begins operations, promising energy independence

Nigeria has achieved a historic milestone with the commencement of petrol production at the new $20 billion Dangote refinery near Lagos. Boasting a capacity of 650,000 barrels per day, it’s now Africa’s largest refinery and is poised to alleviate Nigeria’s persistent fuel shortages. The refinery aims to reduce Nigeria’s heavy reliance on imported oil products, […]

Africa Finance Headlines International

Ghana proposes $13 billion bond restructuring to address economic woes

Ghana has extended an invitation to holders of approximately $13 billion in international bonds to exchange their holdings for new instruments. This offer follows a preliminary restructuring agreement with two bondholder groups. The deadline for the offer is September 30, with an early deadline of September 20 offering a 1% consent fee for early participants. […]