Africa Business Emerging Markets Headlines International

AfDB warns of linking African loan payment to critical resources

Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control vast resources in the continent. In an interview with the Associated press, AFDB chief Akinwumi Adesina explained how such loans lead to undervaluing natural resources of African countries and further […]

Africa Egypt Headlines International

South Africa: Three monks killed in a church attack

Three Egyptian Coptic monks were killed in an attack in a monastery on March 12 in South Africa, as the country struggles with a surge in gang criminality. The three monks who belong to the Egypt-based Coptic Orthodox Church were killed in the Saint Mark the Apostle and Saint Samuel the Confessor Monastery Police said […]

Africa Finance Headlines International

Nigeria secures financial requirements for Niger rail link

Nigeria said it had secured 1.3 billion dollars needed to build a rail connection with neighboring Niger, a landlocked country. The news was announced by Nigeria’s transport minister Ahmed Alkali who said the China Civil Engineering Construction Company (CCECC) would provide 85 percent of the money while the Nigerian government would provide 15 percent. The […]

Africa Business Emerging Markets Headlines International

Africa imports 70-80% of its drugs, losing $2.6tn yearly due to ill-health — AfDB chief

Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that the continent suffers an annual loss of $2.6 trillion yearly due to lack of productivity caused by ill-health. Speaking at a recent ceremony in Lagos where he was honored with […]

Africa Blogs Community Headlines International

Sudan rejects reports of Iran’s bid for Red Sea navy base, as Russian base is on hold

Sudan has dismissed all reports of Iran’s intention to establish a naval base on the country’s Red Sea coast, which comes at a time when the creation of the Russian Navy in the country has been postponed indefinitely due to the ongoing fighting. Sudanese Minister of Foreign Affairs Ali Al-Sadiq Ali was quoted by Sputnik […]

Africa Headlines International

Nigeria kidnappings: more students snatched as army hunts for missing

Gunmen kidnapped 15 more students from an Islamic school in northwestern Nigeria, which comes following the abduction of more than 280 children by gunmen in the same region last week. The gunmen broke into the premises of the Islamic seminary in the village of Gidan Bakuso in Sokoto state on Saturday (9 March), snatching 15 […]

Africa Energy Headlines International

Niger to start exporting oil to Benin in April

Niger is expected to increase its oil production five-fold thanks to a pipeline linking the country to Benin, which will start operating in April. Niger military ruler had announced that the initial shipment would take place in January this year but sources told S&P Global Commodity Insights that first oil deliveries will only take place […]

Africa Americas Headlines International Morocco

African Lion 2024: Morocco, U.S.A., partners hold final planning meeting in Agadir

Representatives of the Royal Armed Forces, the U.S. army and their allies are putting final touches to the preparations for the upcoming multinational military exercise “African Lion” 2024. The military planners started this Monday a five-day meeting at the Southern zone HQ of the Royal Armed forces. The agenda includes a planning exercise for senior […]

Africa Business Emerging Markets Headlines International

Nigeria’s intention to join BRICS will not be influenced by West — FM

Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from the West, the country’s foreign minister Yusuf Tuggar has said. During a recent three-day working visit to Russia, where he held talks with his Russian counterpart Sergey Lavrov, Tuggar re-iterated […]

Africa Headlines International

Central African Bloc removes sanctions on Gabon

The Economic Community of Central African States lifted sanctions on Gabon and decided to re-integrate the country to the bloc, after six months of membership suspension after the coup. The decision was confirmed by Burundi’s foreign minister following a bloc’s meeting in Equatorial Guinea. The country’s military authorities promised to restore democratic governance in the […]