Africa Community Headlines International

Camps in Niger, Kenya swell with migrants, refugees fleeing conflict and drought

The two camps — Assamaka in Niger and Dadaab in Kenya — are more than 5000 kilometers apart but both swell with migrants or refugees who have embarked on a long and difficult journey looking for safety from conflict or drought. Assamaka, the first village on the border with Niger, sees the arrival of hundreds […]

Africa International

Senegal’s Sports Minister resigns

Yankhoba Diattara, Senegal’s Sports Minister, has tendered in his resignation after his party leader Idrissa Seck demoted him from the Vice-Presidency of the party in a sign of sanction, reports say. Diattara, member of the former Prime Minister’s party, Rewmi (The country), has been member of the cabinet since September 2022, following Amadou Ba appointment […]

Africa Business Emerging Markets Europe Headlines International

Africa’s trade deals with EU, UK expose differences in negotiation effectiveness

One of the most striking differences between the approaches by the European Union and the United Kingdom to negotiating trade deals with Africa is the extensiveness with which the EU negotiates these trade agreements, while the UK’s approach, in contrast, is to try to sign deals as quickly as possible, says a new report by […]

Africa Finance Headlines International

West Africa struggles to raise funds on regional capital market — experts

The eight member countries of the West African Economic and Monetary Union (WAEMU) are struggling to raise funds on the regional capital market, as investors demand higher interest rates amid tightening liquidity, financial market sources said. WAEMU IS an organization of eight, mainly French-speaking, states within the Economic Community of West African States (ECOWAS) which […]

Africa Business Egypt Emerging Markets Finance Headlines International

Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank

A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]

Africa Headlines International

Sudan’s rival generals again postpone signing of final political agreement, calls for protest

Sudan’s civilian representatives have called for fresh nationwide protests after talks between military factions have reportedly further delayed the signing of an agreement to resume Sudan’s democratic transition. The transition to civilian-led rule that began following the 2019 ouster of long-ruling Islamist general Omar al-Bashir was derailed by a coup in October 2021 led by […]

Africa Finance Headlines International

Burkina Faso increases defense budget by nearly 50 per cent for 2023

Burkina Faso authorities have budgeted $1.09 billion for defense expenditure this year, an increase of 49.43 per cent compared to last year, to address security concerns caused by terrorism activities. The West African country has been grappling with insecurity caused by terrorists and a political instability. The central government has lost around 40 per cent […]

Africa Headlines International

Paul Kagame reveals plans to retire

Rwanda’s longtime leader Paul Kagame announced Wednesday discussion within ruling party to find his successor as man who has been lately re-elected as chair of the party in power says his retirement as inevitable. The 65-year old strongman who has been leading the eastern African country for 23 years made the announcement during a joint […]

Africa Finance Headlines International Morocco

Morocco calls for securing financial independence of AU

Morocco insisted, Wednesday in Addis Ababa, before the first meeting of the Permanent Representatives Committee of the African Union (PRC) under Comorian chairmanship, on the need to secure the financial independence of the pan-African organization, whose budget currently dependents on foreign partners. Morocco’s Permanent Representative to the AU and UNECA, Mohamed Arrouchi, who was speaking […]

Africa Business Emerging Markets Features Headlines International

WTM Africa 2023 shows optimism over continent’s tourism sector prospects

Africa’s travel market is open again and experiencing a boom, despite the serious damage the industry sustained due to the Covid-19 pandemic — this is a sentiment expressed by an estimated 600 exhibitors at the World Travel Market (WTM) Africa, the continent’s biggest and most important travel and tourism event that has officially opened its […]