Africa Asia Finance Headlines International

India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]

Africa Emerging Markets Headlines International Morocco

CAF President congratulates Morocco on its world-class soccer stadiums, Infrastructure

President of the Confederation of African Football (CAF), Patrice Motsepe, congratulated Morocco on its “world-class” soccer stadiums and infrastructure, as the CAF Executive Committee held its meeting in the new headquarters of the Royal Moroccan Football Federation (FRMF) in Rabat on Friday. Following the meeting and a tour of the FRMF’s new premises, CAF chief […]

Africa International

Sierra Leone’s election irregularities raise global concerns

A watchdog group in Sierra Leone responsible for monitoring elections has reported irregularities in voting results in the 24 June ballot, as 67% of Sierra Leonians reportedly believe their country is headed in the wrong direction, according to Council of Foreign Relations. National Election Watch said in a statement that it “has noted large inconsistencies […]

Africa Features Headlines International

EU, France pledge 2 million euros to back elections in Madagascar

The European Union (EU) and France Thursday vowed to assist Madagascar with one million euro each for the presidential elections slated to take place in the African country next November. The pledged funds will go into a basket Fund set up by the UNDP, earmarked to back the electoral process. The independent Electoral mission indicated […]

Africa Features Headlines International Tunisia

Tunisian political party calls on State to reintroduce visa requirement to Sub-Saharan migrants

Centre-right political party Afek Tounes, called on Tunisian authorities to re-impose visa requirements to Sub-Saharan migrants as part of measures to stem arrival of flows of migrants from South Saharan African countries who use the North African country as transit to reach Europe’s southern coasts. The party, “Webdo Tunis” reports, in a statement, also calls […]

Africa Headlines International Tunisia

Rights groups say Tunisia dumps migrants on Libyan border

Tunisia has expelled hundreds of Sub-Saharan African migrants to a buffer zone in the border with Libya without due process, Human Rights Watch said. The group includes asylum seekers, women and children in addition to regular African migrants who were abandoned in the buffer zones following a campaign marked by violence, it said. The Tunisian […]

Africa Asia International

Shared status: Somaliland, Taiwan expand ties despite diplomatic isolation

Two unlikely territories and the world’s most diplomatically elected governments — Taiwan and Somaliland — are deepening economic and political ties, but all too often, Taipei looks the other way as its formal partners commit human rights abuses, notes a recent analysis published by The Diplomat. Two of the world’s most diplomatically isolated governments are […]

Africa Energy Features Headlines International

Africa, backed by EU investment, is poised to lead global green hydrogen boom

African countries are aspiring to establish themselves as renewables-driven hubs to supply escalating global demand for green hydrogen, just as hydrogen diplomacy has intensified in recent years, with the EU outpacing other competitors on the green hydrogen front in Africa. More than 50 projects have now been proposed across Africa to supply an expected surge […]

Africa Features Headlines International

Mozambique ‘tuna bond’ case: Credit Suisse loses bid to block UK trial due in October

Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]

Africa Business Emerging Markets Headlines International Morocco

Morocco’s Al Mada plans expansion in the African food market

Morocco’s private investment fund Al Mada said it has set up an international food industry subsidiary focusing on Africa, dubbed Teralys. As part of its goal to promote food industry in Africa in a way that is conducive to regional integration, Teralys signed an agreement to acquire a majority stake in Senegal’s Patisen, Al Mada […]