First Independent Mena Newspaper
The Board of Directors of the African Development Bank has approved a $1 billion exposure exchange with the Asian Development Bank that aims to strengthen their capital adequacy levels and boost their lending capacity. The transaction, sealed last week, will support AfDB efforts to unlock additional sovereign lending headroom. It will also bolster continued efforts […]
The train traffic ensuring the transportation of hundreds of thousands of people and tons of goods between Cote d’Ivoire and Burkina Faso has been temporarily suspended due to a defect in the railway on the Ivorian side caused by heavy rainfalls over the last week-end. Sitarail, the company operating the 1,260km railway line between the […]
Issouf Nikièma, former parliamentarian and member of a leading political party in Burkina Faso, kidnapped last Friday July 21 in capital Ouagadougou by an unknown armed man, has been set free, his party announced Tuesday July 25. Union pour le Progrès et le Changement (UPC), Nikiema’s party, announced Tuesday that the politician was released by […]
Niger’s ministry of Trade imposed Tuesday July 25 until further notice a ban on the export of the several cereals including rice and millet, in a move to address food shortage. The ban targets the export of millet, paddy and milled rice, all part of the traditional diet in the African country. The ministry vested […]
Gabon’s President Ali Bongo Ondimba, whose family has ruled the oil-rich West African state for 55 years and is now favorite for a third term, will face 18 other candidates in next month’s poll, authorities announced Monday (24 July). The 64-year-old, who took over from his father Omar Bongo Ondimba in 2009, officially announced in […]
With rising temperatures, people living in regions across Africa that were once inhospitable to malaria-carrying mosquitoes, including the mountains of eastern Ethiopia and the slopes of Mount Kilimanjaro, could be newly exposed to the disease, according to latest studies on this topic. As the temperature range where malaria-carrying mosquitoes thrive is rising in elevation as […]
Zimbabwe’s presidential elections due to be held on 23 August will be contested by a total of 11 candidates, but according to analysts, it will be a race between incumbent Emmerson Mnangagwa and the main opposition leader Nelson Chamisa. Campaigns are in full swing in Zimbabwe as political parties gear up for a general election […]
As China levies export controls on two critical minerals, gallium and geranium, from August, for US industry dependent upon reliable supply chains, Africa represents a key opportunity for American interests, according to Ned Rauch-Mannino, a former co-chair for the White House’s Prosper Africa initiative. The restrictions imposed on access to these two critical minerals mark […]
Morocco will host for the 2nd consecutive year the prestigious awards of the Confederation of African football on December 11. The list of nominees has not yet been released by CAF. Last year, Senegal’s forward Sadio Mane and Nigeria and Barcelona top striker Asisat Oshoala were honored. The CAF awards celebrate the best performers from […]
The International Finance Corporation, IFC, has provided a loan worth close to $3 million to Chad’s leading microfinance Express Union Tchad (EUT) to boost access to finance for underserved communities —particularly women and those in rural areas, bolster the microfinance sector, and help drive economic growth, the World Bank’s branch for private sector financing said […]