Africa Emerging Markets Finance International

Nigeria emerges as Africa’s FDI hub of digital technology

Nigeria emerges as Africa’s top destination for foreign direct investment (FDI), having reportedly attracted over 30% of the FDI in the continent’s tech ecosystem and increasingly becoming the hub of digital technology in the continent. “The Nigeria tech ecosystem has attracted about $4.4billion investment between the year 2015, 2019 and 2020 respectively, and ICT contributing […]

Africa Community Headlines International

Sudan’s ceasefire deal in jeopardy amid ongoing clashes between rival factions

Clashes between rival military factions broke out in Sudan’s capital Khartoum on Wednesday (24 May) and spilled over into Thursday, effectively undermining the ceasefire agreed to on May 20 after talks in Jeddah mediated by Saudi Arabia and the United States. Sporadic clashes between the Sudanese army and a powerful paramilitary Rapid Support Forces (RSF) […]

Africa Headlines International Morocco

Pan-African Parliament: Morocco foils Polisario’s attempt to add Sahara issue to agenda

The Moroccan delegation participating in the Pan-African Parliament meeting, convening in Johannesburg (South Africa), has foiled an attempt by the Polisario to put the Sahara issue on the agenda of the MPs debates. Irked and enraged by their failure, the Polisario members lashed out at the African Parliament standing committee on international relations & conflict’s […]

Africa International

Ethiopia: Tigray protesters demand Eritrean troops’ withdrawal, return of displaced

Thousands of people demonstrated on Tuesday (23 May) in northern Ethiopia’s Tigray region, demanding the withdrawal of foreign troops and soldiers and the return of individuals displaced during the two-year conflict Tigray residents demand that Ethiopia’s allies – Eritrean troops and militiamen from the neighboring Amhara region – who had stayed following the cease-fire last […]

Africa Business Emerging Markets Finance Headlines International

Africa’s FDI in 2023 led by mining, gas sectors, but global headwinds loom

Foreign direct investment (FDI in Africa looks set for a strong 2023 thanks to some lucrative mining and gas projects, but an IMF report warns countries on the continent need to build resilience to manage the inevitable shifts in trade and FDI flows. After a lackluster investment climate during 2022, FDI flows into Africa are […]

Africa Business Europe International

DRC files new complaint to ICC against M23 rebels, Rwanda’s military

The International Criminal Court (ICC) received a new complaint from the Democratic Republic of the Congo (DRC) on Tuesday (23 May), calling on it to focus on the alleged systematic pillaging of its natural resources in the country’s east by the Rwanda Defense Force (RDF) and the M23 rebel group. The latest formal referral comes […]

Africa Features Headlines International

Georgia announces release of two seamen captured in Gabon’s seas

Two Georgian sailors captured early this month by pirates in Gabon’s territorial waters have been released from captivity, authorities of the European country announced Wednesday. “Two Georgian sailors abducted in Gabon were freed on May 21 thanks to the efforts of Georgia’s foreign ministry, the Georgian embassy in South Africa, and Georgia’s maritime transport agency,” […]

Africa Features Headlines International

Ivorian State distances from Gbagbo’s radiation on vote register

The administration of the Ivorian President Alassane Ouattara denied Wednesday any wrongdoing and connection with the decision by the Electoral commission to revoke former President Laurent Gbagbo from the September local elections vote register. The West African country is again gripped in political tension after the Commission decided to remove 500 people including Gbagbo from […]

Africa Community Headlines International

Sudanese refugees fleeing clashes hit 90,000 in Chad – UN

The UN Refugee Agency (UNHCR) sounded the alarm over the increasing number of Sudanese refugees arriving in Chad, up from 76,000 to 90,000 within three days. Raouf Mazou, Assistant High Commissioner for Operations of the agency told the media during a press conference in capital Ndjamena that most refugees are women and children. “At this […]

Africa Features Headlines International

Ukraine seeks to woo Africa and ‘Global South’ in push to challenge Russia

Ukraine’s Volodymyr Zelenskyy held talks with “Global South” leaders during an Arab League and a Group of Seven (G7) summits last week while the country’s foreign minister is on a tour of Africa this week, all aimed at broadening support for Ukraine in its war against Russia. Zelenskyy held talks with India’s Narendra Modi and […]