Africa Headlines International

Two elections with very different conduct: Liberia’s ‘peaceful’ vs. Madagascar’s ‘tense’

Votes are being tallied in two African states — Liberia and Madagascar — and while their final results are still forthcoming, what is clear is the starkly different assessment of their respective conducts — peaceful in the former but tense in the latter. Liberia’s incumbent, George Weah, a former soccer star whose administration had faced […]

Africa Blogs Community Headlines International

EU commits 24.4 million euros to tackle illicit arms trafficking in West Africa

The European Union has committed 24.4 million Euros to fight against the illicit trafficking in small arms and light weapons (SALW) and strengthen cross-border cooperation in West Africa, as announced during a recent roundtable on this pressing issue held in Abuja, Nigeria. Held under the theme of “Mapping the Landscape of SALW Proliferation in Nigeria: […]

Africa Energy Headlines International

Africa’s lithium mining boom risks fueling corruption and failing citizens — Global Witness

The new rush for lithium — sometimes referred to as ‘white gold’ — in Africa risks fueling corruption and harming local communities and the environment, according to a latest study by UK-based nonprofit Global Witness that investigated three emerging lithium mines in Zimbabwe, Namibia and Democratic Republic of Congo (DRC). The study has found that […]

Africa Business Emerging Markets Headlines International

India-Africa trade gains momentum, projected to cross $100 billion in 2024

Trade between India and Africa increased by 9.3% between fiscal year 2021/2022 and 2022/2023, reaching $98 billion, according to India’s external affairs minister, as more than 30 African countries have benefited from India’s duty-free tariff preference (DFTP) scheme for least-developed countries. Speaking at the Confederation of Indian Industry (CII) and Exim Bank of India conclave […]

Africa Finance Headlines International

AfDB loans Seychelles $33m as strengthened response to climate change, transition to clean energy

The board of directors of the African Development Bank (AfDB) has approved a loan worth $33 million to Seychelles destined to strengthen the country’s response to climate change and the transition to clean energy in the framework of the implementation of the Phase III of the Governance and Economic Reforms Support Program. The approval came […]

Egypt Emerging Markets Europe Finance Headlines International

Egypt’s Commercial International Bank gets $150m loan from EBRD to cushion against economic risks

Commercial International Bank or CIB, one of Egypt’s leading private banks, has signed up for a $150 million loan from the European Bank for Reconstruction and Development (EBRD) to cushion against economic risks, a bourse statement said. Per the statement, the loan has a maturity of 10 years and will be used to optimize the […]

Africa Finance International

Senegal adopts $452m for national health budget for next year

Senegal’s legislature approved Sunday November 19 the Government proposal of $452 million for national health budget accounting for 3.9 per cent of national budget for next year (2024). The lawmakers in unison greenlighted the budget presented by Minister Marie Khémesse Ngom Ndiaye, head of Health department. The money will cover several areas including research for […]

Emerging Markets Europe Headlines International Morocco

Moroccan-German cooperation discussed in Berlin

Ways of promoting cooperation between Morocco and Germany were discussed at a meeting that gathered in Berlin this Sunday Head of Government Aziz Akhannouch and German Chancellor Olaf Scholz. The meeting provided an opportunity to exchange views on several issues of common interest, and to examine possible ways of upgrading economic and commercial partnerships. During […]

Africa Emerging Markets Headlines International Morocco

President of Comoros commends Moroccan King’s enlightened vision for a prosperous, autonomous Africa

The President of the Union of the Comoros, Azali Assoumani, commended King Mohammed VI’s enlightened vision for a prosperous and autonomous Africa, enjoying the place it deserves on the international stage. Speaking at the close of the 15th edition of the MEDays Forum, the Comorian Head of State and acting chairman of the African Union […]