First Independent Mena Newspaper
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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
Nigeria’s two main opposition parties on Tuesday called for the cancellation of the country’s weekend presidential elections won by Ruling party candidate Bola Tinubu, on the grounds of “massive manipulations” of the results. The Nigerian federal electoral body, INEC, crowned Tinubu winner of Saturday presidential poll after partial count of the votes. Tinudu of All […]
The Iranian drones, which are being deployed in North Africa, are posing a direct threat to Morocco, said American daily Boston Herald, noting that Moroccan diplomats are actively raising the issue with Western governments. In an Op-Ed published lately, columnist Llewellyn King said that the Mullah regime, in collusion with Algeria, is supplying the Polisario […]
Burkina Faso and the African Development Bank (AfDB) signed Monday 10 agreements for financing six projects in the West African country to the tune of $184 million. Aboubakar Nacanabo, the country’s finance and economy minister indicated that the first conventions will provide funds for Water and Sanitation Services Improvement for Resilience Building Project (PASEPA-2R), project […]
The meeting of financial chiefs of the Group of 20 (G20) leading economies held in Bengaluru, India, on 24-25 February 2023 failed to issue a proposed final communiqué in the face of Russian and Chinese objections, which has again brought into spotlight the self-proclaimed ‚neutrality’ of South Africa and many other countries on the continent. […]