Africa Finance International

West African leaders pledge to mobilize $1bn to tackle terrorism

Leaders of the Western African regional grouping ECOWAS have pledged to club together $1 billion as urgent fund to address terrorism in the region. The pledge came Sunday during the 62nd summit of heads of state of the bloc in Abuja, Nigeria. A communique of the summit read Tuesday indicated that the leaders expressed their […]

Africa International Tunisia

Tunisia: Nine clandestine migration attempts foiled, 306 individuals arrested

Tunisian coastguards have foiled 9 clandestine migration attempts involving 306 people, in several regions of the country. Colonel Houssem Eddine Jebabli, spokesman for the Direction General of National Guard in three different statements indicated that units of the National Guard in the regions of the center and Sahel (east coast) have foiled, in the nights […]

Africa Finance Headlines International

EAC member states to postpone launching monetary union, single currency rollout

A special task-force has proposed to delay the implementation of the East African Monetary Union (EAMU) until 2031 from initial date of 2024, saying it is too soon considering members have not attained all requirements. The proposed delay is an indictment on the members’ commitment to achieve EAMU, a key pillar of integration. The EAMU […]

Africa Community Finance Headlines International

Growth in eight UEMOA countries down to 5.7% due to multiple world crises

The eight member countries of the West African Economic and Monetary Union (UEMOA) have not been spared by multiple crises affecting the world and its economic growth rate reached 5.7% in 2022, down 0.4% compared to 2021, the leaders of this organization meeting in Abidjan announced this week. The eight member countries of UEMOA — […]

Africa International

Chad jails hundreds in mass trial over deadly protests

A court during a mass trial in Koro Toro prison in Chad has handed out jail terms of between two and three years to more than 260 people out of a total of 401 arrested over anti-government protests in October, while defense lawyers have argued that the trial was “illegal”. A total of 401 people […]

Africa Headlines International

Phala Phala Farmgate: backed by ANC, S.Africa’s president makes legal bid in face of impeachment

While ordinary South Africans are not surprised by corruption allegations implicating Cyril Ramaphosa, who is not the country’s first president or leader of the ruling African National Congress (ANC) party to be dogged by corruption charges, analysts say it is taking a toll on the ANC’s popularity. ANC has said it will not support the […]

Africa Community Emerging Markets Headlines International Morocco

Climate Commissions of Congo Basin & Sahel: 24 African countries meet in Casablanca

Twenty-four African countries, member of the Congo Basin and Sahel Climate Commissions are gathered in Casablanca for an exchange and capacity building session, held at the initiative of the Climate Change Competence Center (4C Morocco), in partnership with the United Nations Development Program (UNDP). The session, to run till dec.9, features two workshops focusing on […]

Africa Americas Headlines International

U.S. calls on Rwanda to stop backing armed groups in DRC

Antony Blinken, the US top diplomat, has urged Rwanda to stop providing support for rebel groups including M23 that have been accused of crimes in the Democratic Republic of Congo (DRC), the State Department has announced. Ned Price, the spokesperson of the department said Blinken held a telephone conversation with President Paul Kagame and indicated […]

Africa Energy Headlines International Morocco

Nigeria-Morocco Pipeline: ONHYM, NNPC sign MoUs with five African countries concerned by the Project

Five tripartite Memoranda of Understanding (MoUs) were signed on Monday in Rabat, within the framework of the Nigeria-Morocco Gas Pipeline project. These MoUs were signed respectively and successively by Morocco and Nigeria, on the one hand, and by Gambia, Guinea Bissau, Guinea, Sierra Leone and Ghana, on the other. The Moroccan National Office of Hydrocarbons […]

Africa Business Headlines International

AfCFTA must boost intra-African agrifood trade, become food self-reliant

The Africa Continental Free Trade Agreement (AfCFTA) must aim at reversing the unsustainable trend of excessive dependence by many of its members on imports of basic commodities, such as food and strategic agricultural inputs that has only exacerbated their vulnerabilities. This is the main message from a recent webinar organized by the UN Food and […]