Africa Headlines International

Kenya, Uganda enact new legislation to tighten their control of mining sector

Kenyan lawmakers are considering changes to the Mining Act of 2016, thus following in the footsteps of Uganda that passed its Mining and Minerals Act in October 2022, aiming to reform its nascent mining industry to improve the state’s control and oversight of the critical industry. The Mining (Amendment) Bill that was tabled in the […]

Africa Headlines International

Gabon’s new strongman continues international visits, meets Congo’s Denis Sassou-Nguesso

Brice Clotaire Oligui Nguema, the General and new leader of Gabon met Sunday with Congo’s President Denis Sassou-Nguesso to thaw ties with Brazzaville and to seek Congo’s support to end the isolation of the country after the August 30 military coup that brought him to power. Nguema who took oath on September 04 as Gabon’s […]

Africa Headlines International

DR Congo Nobel Prize Winner Denis Mukwege to run for Dec. presidential elections

2018 Nobel Prize Winner Denis Mukwege announced Monday plans to run for December presidential elections in the Democratic Republic of Congo (DRC) in view of saving a country torn by insecurity. “I agree to be your candidate for president of the Republic,” the surgical gynecologist, 69, told a packed auditorium in the central African nation’s […]

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China’s modernization success inspires African countries to seek independent development paths

More and more African countries seem to have taken inspiration from China’s unique economic development over the past decades and try to follow the development paths that suit their own respective domestic conditions. “The African people have the most say on which path suits Africa best,” said Chinese President Xi Jinping at the China-Africa Leaders’ […]

Africa Business Finance Headlines International

Tuna bond scandal: Mozambique and Swiss UBS bank reach out-of-court settlement

Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]

Africa Headlines International

Gabon: new ruler lobbies for lifting of sanctions, wife of deposed leader charged with ‘money laundering’

Gabon’s post-coup ruler has visited The Congo to improve the relations between the two neighbors and lobby for the easing of his country’s international isolation after a group of military officers overthrew Ali Bongo Ondimba whose family had ruled Gabon since 1967. General Brice Oligui Nguema, who met with Congolese President Denis Sassou Nguesso on […]

Africa Headlines International

Burkinabe junta leader prioritizes security over elections, plans constitutional changes

Burkina Faso’s junta leader Captain Ibrahim Traore, who came to power in a 2022 coup, has said that elections in the country are “not a priority” compared to “security,” despite the military leadership’s earlier pledges to return to democracy with presidential elections by July 2024. “It’s not a priority, I’ll tell you that clearly, it’s […]

Africa Headlines International Morocco

King Mohammed VI expresses Morocco’s readiness to bolster brotherly, age-old ties with Guinea

King Mohammed VI has sent a message of congratulations to President of the Transition, Head of State of Guinea, Colonel Mamadi Doumbouya, on his country’s National Day, wherein he expressed Morocco’s readiness to bolster the brotherly and age-old ties binding the two countries.   “I would like to express the high regard I have for […]

Africa Emerging Markets Headlines International Morocco

Morocco reiterates commitment to share its expertise in development financing with African Union

Morocco has reaffirmed its commitment to share its extensive experience and expertise in development financing with the African Union (AU) as part of the aspirations outlined in Agenda 2063. This announcement came during the Ministerial Retreat on Agenda 2063, a high-level event taking place in Kigali, Rwanda, this October 1-3. Morocco’s Permanent Representative to the […]

Africa Finance Headlines International

WB supports girls & women empowerment in Africa with $365 Mln funding

The World Bank Board has approved $365 million in International Development Association (IDA) financing to increase girls’ and women’s access to learning, economic opportunities, and utilization of health services, and to strengthen the institutional capacity for gender equality in Western and Central Africa. The Sub-Saharan Africa Women’s Empowerment and Demographic Dividend Plus project (SWEDD+) has […]