Africa Finance International

Nigeria collects $1.4Bn in VAT in Q3 2022

Nigeria’s federal government generated 625.39 billion nairas ($1.4 billion) in value-added tax (VAT) in the third quarter of 2022, reports say. The figure accounts for 25.95% increase from the previous year. The tax payments collected rose by 4.21% from 600.15 billion nairas in the second quarter of the year per data gathered by National Bureau […]

Africa International

Burkina Faso debunks Ghana’s claims Wagner awarded gold mine in exchange for support

Burkina Faso’s Minister of Mining Tuesday branded rubbish Ghana’s President Nana Akufo-Addo’s claims that the insecurity-dogged country has awarded a mining field to the Russian private military company Wagner for exploration in exchange for support. “We have not granted a permit to a Russian company in southern Burkina. On the other hand, a cabinet meeting […]

Africa Headlines International

Member of Doctors without Borders abducted in northern Mali

Some unidentified armed men have kidnapped a member of Doctors Without Borders (MSF), a non-profit organization in Gao, northern Mali. “Unidentified armed men entered the MSF base in Gao during the night of December 18. One of our colleagues from the region who was at the base was kidnapped,” the charity organization told Anadolu news […]

Africa Finance Headlines International

West, China must ‘urgently’ cooperate to avert Africa’s debt distress

The West and China should seek deeper cooperation over Africa’s debt conundrum in 2023, without which many countries on the continent will face debt distress and defaults, a new research paper by Chatham House warns. The report warns that although China’s lending to Africa did not cause the current African debt distress in most cases […]

Africa International

CAR: Fire destroys EU headquarters in Bangui

A fire outbreak has destroyed the headquarters of the European Union (EU) Commission in Bangui, capital of the Central African Republic, making no casualties. Douglas Darius Carpenter, head of the mission Tweeted the fire broke out on Sunday. No one was wounded. Bienvenu Zokoué, the Chief of the domestic security of the African country, said […]

Africa Business Community International

Border barriers within EAC hamper its trade ambitions with Africa — AfDB report

Immigration restrictions between citizens of East African Community (EAC) member states could derail the efforts by the bloc to align with the continental free trade policies, according to new data prepared by the African Development Bank (AfDB). The report released by the AfDB and African Union Commission on Sunday shows that while the EAC is […]

Africa Business International

US-Africa Leaders Summit yields scores of business deals in diverse fields

Business from the United States and different African countries announced nearly 15 new commitments during last week’s US-Africa Leaders Summit, in fields ranging from mining to healthcare to basketball. One of the biggest deals made at the summit was an investment by US-based Kobold Metals, which will be “a commitment of over $150 million dollars […]

Africa Americas International

COP15 deal to halt loss of biodiversity: welcomed by some, not enough for others

The COP15 biodiversity summit’s historic agreement to protect 30% of land and water important for biodiversity by 2030, designed to halt its loss was welcomed by many, while others, including the Democratic Republic of Congo (DRC), argue that it does not go far enough in supporting conservation efforts in developing countries. Countries have reached the […]

Africa Community Europe International

Rwanda hails UK high court ruling as ‘positive step’, NGOs see deportations as ‘immoral’

While both the British and Rwandan governments welcomed the UK court giving the green light to the deportation of migrants, who have arrived illegally in the United Kingdom, to the central African country, opposition politicians, charities and other organizations in the UK have condemned the plan. The Rwandan government spokesman Alain Mukuralinda called the ruling […]

Africa Headlines International Morocco

Royal, public welcome for Morocco’s soccer team upon their return from Qatar where they made history

The Moroccan soccer team will return from Qatar on Tuesday. On high royal instructions, the team will receive a welcome worthy of their brilliant performance at the 2022 World Cup. The Ministry of the Royal House, Protocol and Chancellery said in a statement the team will meet the public, upon arrival at the Rabat-Salé airport, […]