Africa Asia Business Emerging Markets Headlines International

South Korea keen to invest in several areas in Niger

South Korea is considering investing in multiple areas in Niger, chairman of the Asian country’s Private employers’ Council told President Mohamed Bazoum. Chey Tae won “Anthony” who also doubles as Chairman of SK Inc., a holding and IT services company headquartered in Seoul, met with the Nigerien leader in Paris. Both sides, according to the […]

Africa Features Headlines International

Somalia: armed factions in Puntland agree ceasefire after clashes leave dozens dead

Armed factions in Somalia’s northern semi-autonomous state of Puntland have agreed to a ceasefire after dozens of people had been killed after the state’s parliament voted to change the region’s voting system. At least 26 people were killed and 30 injured on Tuesday (20 June) in clashes outside parliament in Garowe, the Puntland capital, between […]

Africa Energy Features Headlines International

South Africa, Kenya are Sub-Saharan Africa’s renewables hotspots — BMI study

South Africa and Kenya are non-hydropower renewables outperformers in the Sub-Saharan Africa region, with the former remaining the leader in renewables growth in the region, while the latter leading in terms of non-hydropower renewables, according to the latest BMI’s report. Non-hydropower renewable energy growth in Sub-Saharan Africa is led by South Africa and Kenya, whereby […]

Africa Business Features Finance Headlines International

Nine African countries join Afreximbank’s PAPSS platform in push for ‘de-dollarization’

A pan-African payment system that would allow African nations to trade among themselves, using their own currencies, is gaining momentum, as the platform has recently started commercial operations with nine countries having signed up so far, according to the Afreximbank President Benedict Oramah. The African Export-Import Bank — or Afreximbank — expects 15 to 20 […]

Africa Features Headlines International

Benin gives up to host 45th CAF Ordinary General Assembly

Benin’s capital Cotonou will no longer host the 45th Confederation of African Football (CAF) Ordinary General Assembly as expected, local “24H Au Benin” reports. The African football governing body according to the media has moved the congress to Kenya as replacement. The media citing unnamed sources notes local authorities have informed CAF about inability to […]

Africa Business Headlines International

Gabon to host 23rd ECCAS Summit on July 1st

Gabon will host 23rd ordinary summit of the Economic Community of Central African States (ECCAS), a regional organization promoting regional economic cooperation in Central Africa. The ECCAS Summit, scheduled for July 1, will be chaired by President Ali Bongo Ondimba of Gabon, who took over the ECCAS’s leadership late February. The gathering is placed under […]

Africa Community Finance Headlines International

EAC nations to bolster their economies with bigger budgets for 2023/2024

East African Community (EAC) countries expect overall national government spending to rise in the upcoming financial year that starts on 1 July 2023 and ends on 30 June 2024. Finance ministers from Kenya, Rwanda, Tanzania, and Uganda are to present their annual 2023/2024 budgets under a common theme before their respective parliaments on Thursday June […]

Africa Community Headlines International

World Refugee Day 2023: AU highlights African refugees facing perilous journeys

As the world commemorates the World Refugee Day this June 20, the African Union (AU) has reminded that the refugee problem continues to be a persistent challenge on the African continent due to complex factors, perhaps most notably conflicts and political instability affecting parts of Africa. Countries in the Middle East and North Africa region […]

Africa Community International

Uganda cuffs 20 suspected militiamen over horrific school massacre

Twenty people had been reported arrested by Ugandan police for suspected collaboration with the notorious militia group blamed for last Friday’s (16 June) horrific attack on a school near the border with Democratic Republic of Congo (DRC). Uganda reels from its deadliest attack in more than a decade after the Allied Democratic Forces (ADF), a […]

Africa Business Europe International

EU, Kenya announce ambitious trade deal as Brussels aims to boost Africa ties

The European Union and Kenya have announced the political conclusion of the negotiations for an ambitious Economic Partnership Agreement (EPA) that aims to boost trade in goods and create new economic opportunities, with targeted cooperation to enhance Kenya’s economic development. The negotiations were concluded during an official ceremony in Nairobi by European Commission Executive Vice-President […]