Africa Asia Headlines International Libya

Niger: UAE to set up military base near Libyan border

United Arab Emirates (UAE) is planning to establish a military base in Niger near the border with Libya, reports say as talks between the West African country and the Gulf country have reached final stages. The UAE will become the fourth country to have a military base in Niger after France, the USA and Germany. […]

Africa Headlines International

Sudan’s Bashir appears before prosecutor

The ousted president of Sudan, Omar Hassan al-Bashir has appeared in public for the first time on Sunday, when he was taken to the prosecutor’s office to face charges of corruption and possession of foreign currency. Corruption cases have been opened against 41 other former officials, the prosecutor’s office in charge of corruption cases said […]

Africa Energy Headlines International

US, AU seek diplomatic solution to Sudan’s political crisis

Diplomats from the United States and the African Union have intensified pressure on Sudan’s Transitional Military Council that is currently trying to resolve a standoff with protesters. The diplomatic push comes after the umbrella body for Sudanese protest groups, the Forces for Freedom and Change, said it will only restart talks with the ruling junta […]

Africa Energy Headlines International

Côte d’Ivoire gets €150 million AfDB loans to extend electricity grid

The African Development Bank (AfDB) has allocated Côte d’Ivoire two loans totaling €150 million to strengthen its electricity network. The first loan worth €100 million is for the construction of Atinkou’s combined cycle thermal power plant. The electricity generating unit with a capacity of 390 MW will be located in the locality of Taboth and […]

Africa Energy Finance Headlines International Uncategorized

EU, AfDB earmark €67 million to fight climate change in Niger

The European Union and the African Development Bank (AfDB) have earmarked about €67 million to support the fight against climate change in Niger. The funding will support the Program for Integrated Development and Adaptation to Climate Change (PIDACC) in the Niger Basin. The funding agreement was signed by the Nigerien Minister of Planning, Kané Aichatou […]

Africa Headlines International Morocco

Hub Africa forum: African startups, investors meet in Casablanca

The Hub Africa Forum has welcomed for its 7th edition held in Casablanca June 12-13 thousands of high-level participants from across the continent. For two days, entrepreneurs from all over the continent had the opportunity to exchange expertise and build partnerships in several areas. The forum, held under the slogan “Open Innovation, serving SMEs in […]

Africa Europe Finance Headlines International

EU earmarks over €152 million for Africa’s Sahel region

The European Union (EU) announced Tuesday a humanitarian aid of more than €152 million for the African region of the Sahel. “While Sahel countries continue to suffer from armed conflict, climate change and a food and nutrition crisis, the EU is providing €152.05 million to help people in need in the region”, said the European […]

Africa Energy Finance Headlines International

Power grid development: UK’s CDC to invest up to $300 million in Africa

CDC Group, the UK government’s foreign investment arm, has announced it will invest $300 million in power grid development in Africa over the next five years.   This contribution will be made through Gridworks, a company that will be launched shortly to this end. The company will make investments in African transmission networks, but also […]

Africa Asia Headlines International

DRC: Israeli TV show accuses Kabila of using ex-members of Mossad to spy on opponents

Former leader of the Democratic Republic of Congo (DRC) had employed two ex-agents of the Israeli foreign secret service to spy on his opponents, an Israeli TV show has revealed.   Joseph Kabila who led the country between 2001 and 2019 hired in late 2015 Black Cube, an Israeli secret company to gather intelligence on […]

Africa Finance Headlines International Maghreb Morocco

Morocco’s Banks Invested over $1.8 Bln in African Countries

Moroccan banks have invested more than $1.8 billion in 25 African countries between 2007-2017, says a report released by the Moroccan ministry of economy & finance. These investments represent 52.2 pc of total Moroccan funds injected in Africa. Over 16.4 pc of the Moroccan investments were made in the telecom sector, 12.3 pc in industry […]