Africa Business Emerging Markets Finance Headlines International

Africa Day 2023: AU promotes AfCFTA, rejects great-power competition in Africa

The African Union (AU) used the celebrations of the 60th anniversary of ‘Africa Day’ this week to warn the continent not to become a “geo-strategic battleground” for global powers and also to promote the African Continental Free Trade Area (AfCFTA). Africa must not become a “geo-strategic battleground” for global powers, as it grapples with several […]

Africa International

DR Congo slams regional forces for colliding with rebels

President Félix Tshisekedi of the Democratic Republic of Congo Thursday accused the regional forces deployed in the east of the central African country for cohabitation, except Burundi. Soldiers from Kenya, South Sudan, Uganda and Burundi have been deployed by the East African Community (EAC) in the east of Congo to back the local army struggling […]

Africa International

Fresh clashes in Guinea as anger mounts against military despite bans on protests

Mounting frustrations with Guinea’s interim military government have driven more people to join anti-government protests in the capital, Conakry, days after several private media and online outlets in the West African country launched a one-day boycott of news in protest at press and internet restrictions by the authorities. Seven people were killed on May 11 […]

Africa Community Headlines International

Rwanda’s fugitive ex-police chief arrested in South Africa over 1994 genocide

One of the last at-large suspects of the Rwandan genocide — a former police chief, Fulgence Kayishema — has been arrested in South Africa. He has allegedly orchestrated the killing of approximately 2,000 Tutsi refugees in 1994. The 62-year-old Kayishema was indicted by a UN tribunal on Rwanda in 2001 but has been on the […]

Africa Community Finance International

Staff at Cameroon’s branches of Standard Chartered Bank end strike over payment of bonus

Workers at Standard Chartered Bank in Cameroon have ended a several-day strike over the payment of a severance bonus amounting to more than one month’s salary per year of service, with no ceiling, and the payment of a bonus that does not include any discrimination or consideration based on performance and/or quality of service, Journal […]

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 […]