Africa Business International

Togo: Asky takes delivery of wide body Boeing passenger jets

Lome-based Airline Asky welcomed September 1 two new passenger jets for long haul flights, days after the company added the State of Togo to its shareholders. The jets, both 727s, add to current 13 aircraft making up the Ethiopian Airlines-backed airline’s fleet. The delivery occurred few days after the company added the Togolese state to […]

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Benin scraps visa requirements for Chinese tourists, investors

Benin’s President Patrice Talon has abolished entry visa for Chinese investors and tourists wishing to visit the West African country, his office has announced on September 3. “Benin is opening up fully to China, to create a more solid bridge of cooperation that will benefit both countries, as well as to capture a share of […]

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Dutch company N-Sea contributes to Nigeria-Morocco gas pipeline development with survey operations

N-Sea, a Netherlands-based underwater solutions provider, is contributing to the development of the Nigeria-Morocco Gas Pipeline (NMGP) project through survey operations. The company has collaborated closely with ship owner Rederij Groe to transform the seismic support vessel, 7-Waves, into a research vessel equipped with advanced equipment for this project. According to N-Sea, the project is […]

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Niger/ECOWAS: Washington’s tough words for Algerian regime

The U.S. administration has underscored its strong support for the principled stand taken by ECOWAS in defense of democracy and constitutional order in Niger. Washington voiced its firm stand in a telephone conversation U.S. Assistant Secretary for African Affairs Molly Phee had Thursday with Algerian Foreign Minister Attaf as the ruling junta started maneuvering against […]

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Niger bans activities by international organizations in military zones

The National Council for the Safeguard of the Homeland (CNSP), a junta in power in Niger, has prohibited activities of international organizations, including the UN agencies in military zones, reports say. “Due to the current security situation and the ongoing implementation of the tasks set by the armed forces of Niger, the Ministry of Internal […]

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Africa’s recovery and future will take center stage at IMF-WB meeting in Marrakech

There will be “a very strong focus on the African continent” during the annual meeting of the World Bank Group (WB) and the International Monetary Fund (IMF) in Morocco, in October, IMF’s chief said in a recent interview with CNN, adding that the timing is ripe as countries on the continent grapple with sluggish growth, […]

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Madagascar: Group of candidates for November presidential elections demand rejection of incumbent leader’s bid

As many as eight candidates including two former Presidents have demanded Madagascar’s top court to reject the candidacy of incumbent leader Andry Rajoelina for November elections in connection to his dual citizenship. Marc Ravalomanana, Hery Rajaonarimampianina, Andry Raobelina, Auguste Paraina, Hajo Andrianainarivelo, Tahina Razafinjoelina, Siteny Randrianasoloniaiko and Masy Goulamaly, Madagascar Tribune reports, signed Wednesday August […]

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East Africa’s weakening currencies don’t improve trade balances, defying economic theories

The depreciation of all domestic currencies in the East African region over the past year has not led — in a defiance of conventional economic theory and expectations of regional economists — to the improvement in trade balances, putting more pressure on foreign exchange rates. The depreciation of a country’s currency is supposed to make […]

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IMF warns climate change to exacerbate conflict, war-torn, fragile African states most at risk

Climate change that is already disproportionately affecting war-torn countries threatens to exacerbate conflict in fragile nations across the globe, but most of all in Africa, and lead to increased deaths, according to a new report published by the International Monetary Fund (IMF). While climate shocks alone may not trigger new unrest, the Washington-based global lender […]

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Niger gives French troops until Sep. 3 to withdraw

The junta in power in Niger, the National Council for the Safeguard of the Homeland (CNSP), has reportedly ordered French troops stationed in the West African country to complete the pullout until September 3. The CNSP, on July 26, toppled west-backed President Mohamed Bazoum attracting the wrath of former colonial power France and regional bloc […]