Africa Emerging Markets Energy Finance Headlines International

New African Energy Bank set to launch operations in July 2024

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 […]

Africa Emerging Markets Finance Headlines International

Mali’s gold mining revenue down 26% in 2023

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 […]

Africa Algeria Headlines International Morocco

Africa-Football: CAF denies postponement of AFCON-2025, axing Algeria’s raging media campaign

The Confederation of African Football has denied press reports alleging the postponement of the 2025 Africa Cup of Nations to be hosted by Morocco, deflating the smear campaign launched by the Algerian regime which was vying for the tournament. On Wednesday, French sports newspaper L’Equipe quoted CAF’s Secretary General as saying that the 2025 Morocco […]

Africa Community Headlines International

Africa’s grim ranking: Burkina Faso, Cameroon, DRC world’s most neglected crises

Three African countries — Burkina Faso, Cameroon and the Democratic Republic of Congo (DRC) — top a list of the world’s most neglected crises for the second year in a row, according to a new report released by the Norwegian Refugee Council (NRC). The NRC’s annual report on the world’s most neglected displacement crises says […]

Africa International

Ethiopia accused of committing genocide during Tigray war — report

There is a compelling evidence that Ethiopia and its military allies committed genocidal acts against Tigrayans during the two-year armed conflict in the Horn of Africa country, a new report has concluded. Published on Tuesday (4 May) by the US-based New Lines Institute, the 120-page report quotes multiple, widespread and credible independent accounts that Ethiopian […]

Africa Emerging Markets Headlines International

Russia’s Lavrov surfs on anti-western rhetoric while on Africa tour

Russian foreign minister Segy Lavrov is on an African tour leading him to some of the countries that have distanced themselves from Western capitals. Lavrov began his tour with Guinea, which together with some African nations abstained from voting in favor of a UN resolution that calls for a withdrawal of Russian troops from Ukraine. […]

Africa Energy Headlines International

Nigeria’s oil production hampered by theft

Nigeria is reinforcing security to tackle oil theft and the vandalism targeting its onshore pipeline and oil fields, but the issue is still far from being resolved. In April, Nigeria recruited 1,486 personnel to boost internal security operations in the country’s crude production heartland, according to local media sources. Nigeria is Africa’s largest oil producer […]

Africa Asia Emerging Markets Headlines International Morocco

Korea-Africa Summit: Morocco Upbeat about Seoul’s Important Input to Africa’s Development

Morocco is convinced that Africa-Korea partnership brings in an important added value to the continent’s socioeconomic development, said Talbi El Alami, Speaker of the House of Representatives, who represents King Mohammed VI at the 1st Korea-Africa Summit convening in Seoul June 4-5. Korea’s technological & scientific progress, economic emergence, and steadfast commitment to the stability, […]

Africa Headlines International Morocco

Fez hosts high-level African Counter-Terrorism Meeting

Fez is hosting the 3rd edition of the high-level meeting of Heads of Counter-Terrorism and Security Agencies in Africa, known as the “Marrakech Platform”, marked by the participation of nearly sixty delegations. Speaking at the opening Tuesday of the twoof the meeting, Foreign Minister Nasser Bourita emphasized that the Marrakech Platform corresponds perfectly to the […]

Africa Features Headlines International

Russian FM kicks off three-country ‘charm-offensive’ tour of Africa in junta-led Guinea

Russian Foreign Minister Sergey Lavrov has kicked off his three-country African tour in junta-led Guinea, part of a fresh push to bolster support for Moscow from countries on the continent, amidst Russian isolation on the world stage. Russia’s top diplomat arrived Monday (3 June) in the capital Conakry on his latest visit to West Africa, […]