Africa Finance Headlines International

Drought-Stricken Malawi Receives $11.2 Million Insurance Payout

Malawi, grappling with a severe El Niño-induced drought, has received a much-needed financial boost. An insurance payout of $11.2 million has been disbursed to the southern African nation, offering a glimmer of hope in the face of a dire food crisis. This payout comes at a critical time for Malawi, one of the world’s poorest […]

Africa Headlines International

Kenyan police under fire as suspected serial killer escapes custody

Kenya’s law enforcement is facing intense scrutiny following the escape of a high-profile suspect and 12 others from police custody. Collins Jumaisi Khalusha, alleged to have confessed to the murders of 42 women, including his wife, managed to flee along with a group of Eritrean nationals detained for illegal entry in the country. The escape, […]

Africa Headlines International Morocco

Moroccan team shines at 31st African Mathematics Olympiad

The Moroccan national team has secured first place in the 31st African Mathematical Olympiad, held at the University of the Witwatersrand in Johannesburg August 10 to 20. According to a statement by the Ministry of National Education, the Moroccan team scored a record-breaking 201 points, surpassing the previous highest score in the history of the […]

Africa Business Emerging Markets Headlines International

South Africa’s unemployment rate surges to 33.5% in H1 2024

South Africa’s official unemployment rate rose to 33.5% in the first half this year as the economic outlook worsens. The country, once Africa’s largest economy, has failed to curb inequalities amid widespread criminality and infrastructure bottlenecks. Unemployment in South Africa is now one of the highest globally and has exceeded Covid-19 levels, when a lockdown […]

Africa Europe Headlines International

EU raises mpox alert level, travelers to Africa urged to get vaccine

European health authorities have advised EU countries to issue travel warnings for regions in Africa witnessing an outbreak of the fast-spreading mpox virus and advised people traveling to these areas to get vaccinated. Following the detection of a new mpox variant in Sweden, the first case of this strain outside Africa, the European Centre for […]

Africa Energy Headlines International

Senegal launches review of oil & gas deals to protect national interests

Senegal’s new government is taking a bold step to reassess its oil and gas contracts. Prime Minister Ousmane Sonko has announced the formation of a special commission tasked with reviewing these agreements. This group, made up of legal, tax, and energy experts, will scrutinize existing contracts with the aim of rebalancing them in favor of […]

Africa Finance Headlines International

Kenya to re-introduced controversial taxes at risk of igniting protests

Kenya prepares to re-introduce an amended version of the eco-levy tax that has been at the heart of popular discontent that plunged the country into violent protests this summer. Treasury Secretary John Mbadi told local media that “about 49 measures” were being considered as part of a tax amendment bill. Some of the scrapped taxes […]

Americas Business Emerging Markets Energy Headlines International Morocco

Morocco’s desalination projects attract $27.5 Mln private American investment

Morocco has decided to speed up desalination projects to meet growing demand for drinking water and irrigation amidst a persistent drought. By 2030, 50 pc of the country’s drinking water will be supplied by desalination plants. Several foreign investors have shown interest in Morocco’s ambitious projects, including U.S. Company “Energy Recovery” which has signed lately […]

Africa Columns Headlines International Maghreb Morocco

South Africa’s ideological anachronism on Sahara issue

Since the death of Mandela, South Africa’s ruling party, the ANC, has failed to deliver on its promises at home, opting instead to gear attention to foreign issues, such as the Sahara issue opposing Morocco to Algeria’s Polisario proxies. After the end of apartheid, the ANC as an ideological movement sought to perpetuate its struggle […]

Africa Headlines International Portrait

Equatorial Guinea: Manuel Osa Nsue Nsua appointed new Prime Minister

Equatorial Guinea has a new Prime Minister. President Teodoro Obiang Nguema appointed Central Bank Director Manuel Osa Nsue Nsua on August 17, according to a decree issued almost three weeks after the resignation of the previous government, which he had deemed “ineffective”. A young banker to manage the government, that’s the choice of the president […]