Africa Business Finance Headlines International

South African luxury Tycoon dethrones Nigeria’s Dangote as Africa’s wealthiest

In a surprising shift atop Africa’s wealth pyramid, South African business magnate Johann Rupert has claimed the title of the continent’s richest person, surpassing long-time leader Aliko Dangote of Nigeria. This changing of the guard reflects the volatile nature of global markets and regional economies. Rupert, the 74-year-old mastermind behind the world’s largest luxury watchmaker, […]

Africa Europe Headlines International Mauritania

Spain’s PM on West African tour to stem migration flow, signs deals with Mauritania, Gambia

Spanish Prime Minister Pedro Sanchez agreed with Mauritanian president Mohammed Ould Ghazouani to stem migration flows, as part of a West African tour that will lead him to Gambia and Senegal. The Canary Islands, located close to the African coast and used as a stepping stone for migrants and refugees trying to reach Europe — […]

Africa Egypt Headlines International

Tension brews in Horn of Africa as Egypt sends military aid to Somalia irking Ethiopia

Egypt has sent two military aircrafts loaded with arms and ammunition to Somalia, in a move that triggered the fears of Ethiopia. Relations worsened when Ethiopia and the breakaway Somaliland signed a memorandum of understanding to use 20 km of coastal land for a port purpose in return for recognition as a state. Somalia opposed […]

Africa Emerging Markets Headlines International Mauritania Portrait

Election to the presidency of the AfDB: Mauritania’s Ousmane Kane in the starting-blocks

The African Development Bank (AfDB), headquartered in Abidjan, Côte d’Ivoire, will elect a new president in May 2025. As the candidacy period approaches in September 2024, several names are emerging as potential contenders. Among the prominent candidates is Ousmane Kane from Mauritania, a former AfDB Vice-President for Institutional Services and a close associate of Mauritanian […]

Africa Headlines International

Namibia to cull elephants and hippos, distribute meat to drought-hit population

Namibia plans to kill 83 elephants and 30 hippos and distribute the meat to population affected by a prolonged drought, the environment minister said. The Namibian government also plans to cull other species including 60 buffalo, as well as 50 impala, 100 blue wildebeest, 300 zebra, and 100 elands. The government argues that the move […]

Africa Community Headlines International

Floods kill 170, displace 200,000 in northern Nigeria

At least 170 people have been killed and over 200,000 people displaced following weeks of floods that ravaged large swathes of northern Nigeria. The National Emergency Management Authority (NEMA) warned that the torrential rains and flash floods could hit other parts of the country amid a notable rise in water levels in the two largest […]

Africa Headlines International

Nigeria’s Security Shake-up: New Chiefs Take Helm Amid Rising Threats

Nigeria’s Security Shake-up: New Chiefs Take Helm Amid Rising Threats In a bold move to tackle Nigeria’s mounting security challenges, President Bola Tinubu has unveiled a new guard at the helm of the nation’s intelligence and security apparatus. This dramatic reshuffle comes as Africa’s most populous country grapples with a relentless insurgency in the northeast […]

Africa Europe Headlines International Mauritania

Spanish PM expected in Nouakchott, first leg of regional tour

Spanish Prime Minister Pedro Sanchez is expected in Mauritania this Tuesday as part of a regional tour that also includes Dakar and Banjul. The primary focus of this tour, taking place August 27 to 29, is the fight against illegal immigration. The Spanish Canary Islands, which are geographically close to Mauritania, have seen a surge […]

Africa Europe Headlines International

Denmark says it plans to close embassies in Mali and Burkina Faso

Denmark has become the latest western country to close its embassies in Mali and Burkina Faso. The decision was announced by the Danish foreign ministry as part of a new African strategy that includes opening new embassies in Rwanda, Tunisia, and Senegal. Mali and Burkina Faso are ruled by military juntas together with their ally […]

Africa Headlines International Morocco

Moroccan-Ethiopian defense cooperation reviewed in Rabat

Means to further expand defense cooperation between Morocco and Ethiopia were discussed at separate meetings in Rabat between Moroccan military officials and Field Marshal Birhanu Jula Gelalcha, Chief of Staff of the Ethiopian National Defence Forces, who is on an official visit to the Kingdom at the head of a large military delegation this August […]