First Independent Mena Newspaper
African countries participating in the Africa Economic Summit 2024 held last week in Abuja pledged to boost intra-continental trade from 14% to at least 50% by 2030 under the African Continental Free Trade Area (AfCFTA). The summit closed with a release of a white paper on coordinated actions that governments and institutions should commit to […]
India is stepping up its critical mineral acquisition plans in Africa, with New Delhi reportedly eying to sign new and updated mineral pacts with about a dozen African countries, in bid to challenge China’s dominant position on the continent. India’s Ministry of Mines has said it was in discussions with Côte d’Ivoire, Democratic Republic of […]
Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]
A high-level meeting in Cameroon’s capital Yaounde has failed to reach a consensus on merging three central African economic blocs, the official reason being that the process would take longer than the leaders had expected. Analysts have long argued that breaking down economic barriers among member countries of the Central African Economic and Monetary Community […]
Somali authorities said Ethiopian troops, stationed in the country as part of an African Union peacekeeping mission, should leave the country before December 2024. The decision came as the mission’s mandate expires in a context of worsening ties between Mogadishu and Addis Ababa. Ethiopian forces will not be part of an African Union force that […]
Kenya’s president has reaffirmed his country’s commitment to a balanced foreign policy as the global power rivalry between the United States and China heats up and African nations are “bullied into taking sides.” “We’re neither facing East nor facing West; we’re facing forward,” Kenya’s President William Ruto said during an interview with Al Jazeera, to […]
At least 100 people were killed, and dozens were injured in a village in Sudan’s Gezira province after an attack by the paramilitary Rapid Support Forces (RSF) on Wednesday (5 June), which comes only days after a senior UN official warned that the situation in the conflict-torn country bore “all the marks of risk of […]
Senegal and Mauritania are forging ahead with their joint gas fields with the arrival of BP’s floating production, storage, and offloading (FPSO) unit in the Grand Tortue Ahmeyim (GTA) Phase 1 LNG project. The vessel, built at China’s COSCO Qidong Shipyard, will serve the Greater Tortue Ahmeyim (GTA) liquefied natural gas project, which is planned […]
Two years after the signing of the founding protocol, the African Energy Bank officially opened its doors on June 4 and slated the operational launch for July. This supranational bank will focus on financing oil and gas projects in Africa, with a view to bridging the financing gap in these sectors and the continent’s energy […]
Mali’s revenue from gold mining activities fell by 26% due to lower taxes, official figures showed. Mali is the fourth largest gold producer in Africa. The mineral accounted for 80% of its exports and represents some 10% of its GDP. The revenue paid by mining companies to the Treasury fell to 563.8 billion CFA francs […]