Africa Finance International

Malawi granted IMF food-shock funding to mitigate impact of global food shortage

The International Monetary Fund (IMF) has approved financing to cope with rising global food prices for Malawi, the first low-income nation to receive financing from the IMF under a new tool intended to help countries cope with global food price shocks. The number of Malawians facing food insecurity has doubled to 20% of the population […]

Africa Headlines International Morocco

King Mohammed VI sends messages to presidents of Djibouti, Somalia

The President of Djibouti, Ismail Omar Guelleh, received Wednesday in the Djiboutian capital royal envoy Mohamed Mehdi Bensaid, who handed him a written message from King Mohammed VI. In a statement to the press after the audience, Bensaid, who is Morocco’s Minister of Youth, Culture and Communication, said that the royal message he delivered to […]

Africa Europe Headlines International

Germany, Britain announce withdrawal from Mali earlier than planned

The German government said Tuesday (22 November) that it plans to wind down the country’s participation in a United Nations military mission in Mali by the middle of 2024, following a recent announcement by the British government of the early withdrawal of its military contingent from the West African country. Tensions have grown between Mali, […]

Africa International

Côte d’Ivoire, Congo sign 15 accords, including on defense, health & transport

Côte d’Ivoire and Congo Brazzaville signed 15 agreements covering several areas including defense, health and transport, as both countries bolster ties. Top diplomats of both countries namely Kandia Camara of Côte d’Ivoire and Denis Christel Sassou Nguesso initialed the agreements following two days of intense work of the first session of the Great Ivorian-Congolese Joint […]

Africa International

Senegal launches probe into disappearance of two soldiers

Senegal Tuesday announced investigations into the disappearance of two soldiers who have gone missing since Saturday. “The Public Prosecutor’s Office of the High Court of Dakar, in application of the provisions of Article 11 of the Code of Criminal Procedure, which allows the Public Prosecutor to make public objective elements from ongoing proceedings, wishes to […]

Africa International

CAR postpones local, regional election to July 2023

Central African Republic (CAR) authorities have postponed local and regional elections initially slated for January 23 to July 16 same year. The Strategic Committee to Support the Electoral Process, a committee encompassing the state and National Elections Authority (ANE), made the announcement after a meeting with the country’s Premier Félix Moloua. “We have established a […]

Africa Business Headlines International

Côte d’Ivoire, Ghana hail progress in making cocoa buyers pay premium to farmers

Côte d’Ivoire and Ghana, the world’s two largest cocoa producers, as well as the Ivorian-Ghanian Cocoa Initiative (CIGCI), created to guarantee a minimum income to farmers, have noted “efforts” by some manufacturers to pay higher prices to producers, after giving them an ultimatum earlier this month. For several weeks, both countries reproached the chocolate manufacturers […]

Africa Finance International

Kenya eyes taxing crypto transactions amid market meltdown

The government in Kenya, where about 8.5% of the population owns cryptocurrencies, has drafted a bill to tax crypto transactions in all exchanges in the country, even as the global crypto market undergoes a mass meltdown. The Capital Markets (Amendment) Bill, 2022 would allow for the taxation of crypto exchanges, digital wallets and transactions. Crypto […]

Africa Europe Headlines International

Mali bans France-backed NGOs’ activities

Mali will ban the activities of all non-governmental organizations financed or supported by France, including those operating in the humanitarian field, the junta, which came to power by force in August 2020, announced on Monday (21 November). The annoucement came few days after Paris suspended its public development assistance to the West African country. The […]

Africa Finance Headlines International

South Sudan, IMF ink pact for $112.7m in emergency funds

The International Monetary Fund (IMF) and South Sudan announced they have reached a staff-level agreement for the release of about $112.7 million in emergency financing, pending an approval by the IMF’s executive board. “This emergency financing under the new Food Shock Window will help South Sudan address food insecurity, support social spending, and boost international […]