Africa Business Headlines International Mauritania

Central Bank of Mauritania suspends Société Générale Mauritanie buyout by Burkina Faso-based Coris Holding

The Central bank of Mauritania, BCM, has reportedly suspended the acquisition of Société Générale Mauritanie, the subsidiary of Paris-based Société Générale, by Burkina Faso-based Coris Holding over an alleged fraud accusation leveled at Coris. Société Générale in June 2023 announced the sales of several of its subsidiaries in the southern Sahara including Mauritania. The bank […]

Africa Asia Business Emerging Markets Headlines International

South Korea seeks to expand diplomatic, trade ties with Africa

South Korea’s recent announcement of the opening of new diplomatic missions in several African nations signals that Seoul aims to commit more resources to a continent that is widely seen as home to some of the world’s fastest-growing markets, according to experts. When the South Korean government on 7 November announced plans to open 10 […]

Africa Business Emerging Markets Headlines International

Nigeria aims to join BRICS bloc in two years in bid to boost its global economic clout

Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties with the West, according to experts. According to Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, the West African country hopes to join the influential economic alliance within two years, stressing […]

Africa Business Emerging Markets Europe Headlines International

AU chief calls for ‘positive competition’ from Europe in bid to counter China’s growing clout

As African leaders converged on Germany’s capital earlier this week to attend the G20 ‘Compact for Africa’ meeting, the African Union (AU) chief called for “positive competition” from Europe in the continent, which would be more welcome than its criticism of Chinese investments for saddling poor countries with huge debts. While addressing the high-level meeting […]

Africa Headlines International

Ukraine, Gaza conflicts prioritized over African desertification — UNCCD conference

The international community must not neglect the climate emergency in Africa’s deserts amid the Israel-Hamas conflict and Russia’s war in Ukraine — this was the key message by African delegates attending the recent United Nations Convention to Combat Desertification (UNCCD) in Uzbekistan. African delegates said that conflicts around the world, such as Russia’s invasion of […]

Africa Community Headlines International

Senegal, Guinea Bissau set up joint committee to sort out border issues

Senegal and Guinea Bissau set up a 26-member joint committee to iron out by 2025 the lingering border issues between the two countries. “It is a joint committee of twenty-six members that must carry out what is called reaffirmation of our borders,” said Vice-Admiral Ibrahima Wade, Chairman of Senegal’s National Border Management Commission. “This commission […]

Africa Headlines International

Côte d’Ivoire: Soro can return home, up to justice to decide over his fate – Ouattara’s administration

The Ivorian government indicated Thursday that former Prime Minister Guillaume Soro is free to return home but it is up to the justice to decide over the destiny of former rebel leader, condemned to life imprisonment in absentia for plotting and attempting to remove the administration of President Alassan Ouattara in 2019. Soro this month […]

Africa International

Niger: ban of pro-Bazoum protest slated for Nov. 25

Niger authorities outlawed a protest by a civil society group that was slated for November 25 to demand the liberation of ousted leader Mohamed Bazoum and the return of the rule of law and democracy in the West African country, governed since July 26 by a junta led by General Abdourahamane Tiani. The protest, organized […]

Africa Headlines International Morocco

Moroccan authorities arrest 25 migrants for attacking law enforcement members

Moroccan authorities arrested 25 Sub-Saharan migrants due to their involvement in a violent attack on security forces trying to prevent them from crossing into the Spanish-occupied enclave of Ceuta. Last week, some 1000 migrants attempted to violently storm the fence of Ceuta and engaged in violent skirmishes with law enforcement members in which they used […]