Africa Emerging Markets International

Nigeria: Opposition parties challenge election results, call for annulment

While Bola Ahmed Tinubu was officially declared the winner of last Saturday’s presidential election in Nigeria, two major opposition parties say the results were rigged and have vowed to challenge the results in court. Nigeria’s opposition renewed calls for the election result to be overturned on Thursday, March 2, a day after the country announced […]

Africa Business Emerging Markets Headlines International

East Africans’ real income to rise under AfCFTA — World Bank

East Africa is set to benefit from swift implementation of the African Continental Free Trade Area (AfCFTA), according to the World Bank, and this will be accomplished particularly by lowering trade expenses related to trade facilitation, as well as decreasing the costs of non-tariff policies and non-tariff obstacles. The AfCFTA has been well-designed to strengthen […]

Africa International

Security forum in Senegal focuses on preventing violent extremism in Africa

Discussions about the fight against rising violent extremism in Africa, particularly in the Sahel region, are dominating a meeting of security experts in Dakar, Senegal, this week, which is happening against the backdrop of increasing Islamist militant attacks and growing instability. While scores of conferences, forums and training exercises have been held over the past […]

Africa International

Protest takes in place in DRC ahead of President Emmanuel Macron’s slated visit

A few dozen Congolese demonstrated Wednesday in front of the French embassy in Kinshasa to reject the planned visit of French President Emmanuel Macron, reports say. The protesters chanted “Macron assassin” or “Macron get out”, some waving Russian flags. “Rwanda, a country which has been attacking us for more than 25 years, leaving over forty […]

Africa Business Headlines International

African companies prefer trading with non-African countries, ignoring local FTAs

African exports to other continents surpass the continent’s intercontinental trade, the United Nations Conference on Trade and Development (UNCTAD) has found, with Africans preferring import tariffs provided by the United States, European Union, Canada, and Japan (the “Quad nations”). Despite growing calls for increased intraregional trade, companies in Africa are taking advantage of preferential trade […]

Africa Community Headlines International

Six countries, Somali Americans call for end to violence in breakaway Somaliland

Six countries have issued a joint statement expressing concern over escalating fighting in the northern breakaway region of Somaliland, as also Somali-American demonstrators called for an unconditional cessation of hostilities. Qatar, Somalia, Turkey, the United Arab Emirates, the United Kingdom and the United States have expressed concern over fighting around a disputed town in Somaliland, […]

Africa Features Headlines International

Tanzania opposition figure comes back home after years in exile

Tanzanian opposition politician Godbless Lema has returned home after two years in exile in Canada over threats to his life following a disputed election. A huge crowd came to welcome the former lawmaker from the main opposition Chadema party who fled the country in November 2020, AFP reports. Lema said he “wept” upon seeing such […]

Africa Business Emerging Markets Features Headlines International

Namibia launches residence by investment program to lure foreign investors

Namibia and Henley & Partners, the global leader in residence and citizenship planning have unveiled a Residence by Investment Program in view of attracting foreign investment to boost the economic growth of the Southern African country. The program, Namibia Daily News report, offers a renewable five-year work permit to successful investors who invest a minimum […]

Africa Energy Headlines International

Uganda set to begin oil drilling after French court dismisses case against TotalEnergies

A French court has dismissed a landmark lawsuit against controversial TotalEnergies projects in east Africa, which was filed by six French and Ugandan activist groups in 2018, using a 2017 law on multinationals operating outside France. This was the first time that NGOs tried to halt an oil project through a Paris courthouse. As Uganda […]

Africa Business Emerging Markets Headlines International

Nigeria, South Africa ‘gray-listed’ by global anti-money laundering watchdog

The inclusion of Nigeria and South Africa, the continent’s leading economies, on a ‘gray list’ by the Financial Action Task Force (FATF) could present far-reaching setbacks to the two countries’ economic growth. The warning by the Paris-based FATF, a global anti-money laundering and terrorism financing watchdog, comes in the midst of a difficult financial phase […]