Africa Asia Business Emerging Markets Energy Headlines International

Cameroon: new frontline in China-Australia trade war?

Despite being sued by Australia’s Sundance Resources, Cameroon is set to begin in August the construction of a railway line with two China-affiliated businesses, connecting the coast to substantial iron ore deposit on Congo Republic border. In December 2020, the Perth-based Sundance Resources and two other Australian mining companies, who aspired to develop one of […]

Africa Community Headlines International Morocco

Morocco voices total solidarity with Burkina Faso in its efforts to combat extremism, terrorism

Morocco has voiced its total solidarity with Burkina Faso in its efforts to fight extremism and terrorism and condemned the cowardly attacks targeting the country. “Morocco firmly condemns the cowardly attacks that have targeted Burkina Faso, a brotherly country, and which are contrary to the spirit of tolerance and coexistence that has always marked this […]

Africa Headlines International

Guinea-Bissau: opposition wins legislative elections, secures majority in parliament

The PAI Terra Ranka coalition of five opposition groups, led by the African Party for the Independence of Guinea and Cape Verde, has won Guinea-Bissau’s parliamentary elections, securing a majority of seats in parliament. The legislative elections were the first since President Umaro Sissoco Embalo dissolved the National People’s Assembly more than a year ago. […]

Africa Business Emerging Markets International

Nigeria: lawmakers denounce launch of ‘Nigeria Air’ by Buhari gov’t as “fraud”

Nigeria’s dreams for a domestic airline crash-land, as the lawmakers slammed the launch of the country’s new flag carrier Nigeria Air just days before the end of the administration, declaring it a “fraud”. Nigeria’s House of Representatives dubbed the purported 26 May launch of the Nigeria Air as “fraudulent,” while local media reported that major […]

Africa Headlines International Maghreb Morocco

Sahara: Burkina Faso renews backing to Morocco’s Autonomy Plan, hails royal efforts for Africa’s peace

The Government of Burkina Faso has reaffirmed steadfast support for Morocco’s autonomy plan offered for the Sahara under its sovereignty and praised the tireless efforts made by King Mohammed VI for the development and peace in Africa. The supportive stand comes in a joint statement issued Friday in the Moroccan Saharan city of Dakhla following […]

Africa Americas Features Headlines International

U.S takes stock of political situation in Senegal in phone conversation

US Secretary of State Antony Blinken has held a phone conversation with Senegal’s leader Macky Sall to discuss the political situation in the West African country after several days of unrest that ensued the condemnation of political figure Ousmane Sonko. The conversation, Senegal’s State-run news agency APS notes, took place Wednesday. Senegal was rocked by […]

Africa Energy Headlines International

Côte d’Ivoire hikes by 10 per cent energy price

The administration of President Alassane Ouattara announced Thursday a 10 percent hike in energy price from July 1st this year in a move to mitigate exploitation loss in the sector at $124 million. Mamadou Sangafowa Coulibaly, Minister of Mines, Petroleum and Energy, indicated that the increase in the price concerns users of 15 A (15 […]

Africa Community Headlines International

U.S donates Cameroon 11,000 tons of food to address food insecurity

The US aid agency, USAID, donated Thursday to Cameroon 11,000 tons of food to help address food insecurity affecting 4.7 million people. Philippe Accilien, the USAID/Country Representative for USAID/Cameroon, took delivery of the shipment from Douala Port and handed it to the World Food Program (WFP) and Cameroonian authorities. “We thank the United States Government […]

Africa Business Emerging Markets Finance Headlines International

East African households urged to have own grain reserves to eliminate food insecurity

African households are highly recommended to have their own grain reserves as one of the solutions to food insecurity, The East African Business Council (EABC) has suggested in a new report that analyzes the effect of food inflation in the region. The EABC, a regional private sector body, says the grain reserves held by households […]

Africa Business Emerging Markets Finance Headlines International

Africa: Digital transformation in banking industry well underway — report

Banking access across Africa has increased in 2022, with 48% of the population having access to banking services, compared to 45% in 2017, according to the latest edition of the African Digital Banking Transformation Report, that attributes the growth to the popularity of mobile money and digital banking. Overall, the new survey paints a picture […]