Africa Asia Business Emerging Markets Headlines International

Positioning for growth: winds of change for Arab-Africa trade and investment?

The landmark multi-billion-dollar Arab-Africa Guarantee Fund (AAGF), which is due to start operations in 2023, could provide a boost to the Arab-Africa trade that has been static at 17% of the continent’s total trade for the last seven years. Despite centuries of exchanges, Arab-Africa trade has been static at 17% of the continent’s total trade […]

Africa Business Emerging Markets International

Nigeria still preparing for AfCFTA as eight African countries ready to start trading

Nigeria continues to lag behind in making the AfCFTA trade agreement operational, as a number of other African countries have been chosen to begin exchanging goods and services under the AfCFTA terms. Almost two years after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on 1 January 2021, […]

Africa International

UN committee appeals to Benin and Zimbabwe to tackle minority group discrimination

The United Nations is urging governments of Benin and Zimbabwe to address alleged discrimination against minority and marginalized groups in their respective countries. The UN Committee on the Elimination of Racial Discrimination released last week its findings on progress in seven countries whose records were under review. The monitoring committee specifically expressed regret that Benin’s […]

Africa International

Kenya’s supreme court validates William Ruto’s win in presidential election

Kenya’s Supreme Court has unanimously validated the results of the disputed presidential election held last month in which Vice President William Ruto was declared winner with 50.5% of votes. The verdict — following a ruling on a number of petitions brought by Ruto’s closest challenger Raila Odinga — was delivered by Martha Koome, chair of […]

Africa Finance International

IMF approves $1.3bn loan for debt-stressed Zambia

Zambia, the first African country to default on its debt in the COVID-19 era, has won International Monetary Fund board approval for a $1.3bn support package, an important step towards the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The lending plan — an Extended Credit Facility […]

Africa International

Macky Sall blames climate change for torrential rains

Senegalese President Macky Sall Saturday chalked the torrential rains that fell on capital Dakar and the entire country on climate change, Sene News reports. “The heavy rains are due to the climatic disturbances in the world. This makes the rains much more intense and the damage very important. The weather forecast had announced it: at […]

Africa International

Mali frees 3 of 49 Ivory soldiers held for coup

Malian authorities have freed 3 Ivory soldiers in the form of a humanitarian gesture. 49 Ivorian soldiers were arrested in Mali on the 10th July over a plot to destabilize the country. Togo made the announcement last Saturday as Robert Dussey, Togo’s top diplomat held a joint press conference with Abdoulaye Diop, Mali’s top diplomat […]

Africa International

Lome-based Asky acquires new aircraft to beef up the fleet

Asky, a panafrican airline operating from the Togolese capital Lome, added a Boeing 737 to its fleet bringing its fleet to 12 aircrafts. “This modern aircraft will be used to improve connectivity, increase frequencies and open new routes throughout the region,” the airline said in a statement. The company, aged 12 and has Ethiopian Airways […]

Africa Energy Headlines International Morocco

Morocco-Nigeria Gas Pipeline Project Will Help Create Competitive Zone in North-West Africa

The Nigeria-Morocco gas pipeline project, which is currently in its Front-End Engineering Design (FEED) phase, will contribute to the emergence of an integrated and competitive North-West African zone, said Director of Moroccan National Office of Hydrocarbons & Mines (ONHYM), Amina Benkhadra. Speaking at a regional African conference on gas and oil, convened in Dakar Sept.1-2, […]

Africa International

Chad: Dozens of opposition party sympathizers arrested

The Chadian police arrested Thursday at least 84 sympathizers of the opposition party “Les Transformateurs” on charges of public disorder, amid a very heated political atmosphere in the country. According to RFI reports, the police accused the arrestees of parading in downtown and organizing rallies without permits from the ministry of security. The law reinforcement […]