Africa Finance Headlines International

Angola recovered $6 billion in cash, seized another $21 billion in assets

Angola recovered six billion dollars and seized another 21,000 as part of the confiscation of assets, half of which were abroad, the deputy attorney general said on Tuesday, suggesting the creation of an autonomous structure for asset management. Inocência Pintos pointed out that the Angolan state has created a set of measures to combat organized […]

Africa Emerging Markets International

Nigeria: Harvest devastated by severe flooding, millions in desperate need of food

Heavy rains destroyed 700,000ha of farmland in northern Nigeria, wiping out the main source of income for thousands of households and worsening the food security crisis. The Director-General of the National Emergency Management Agency (NEMA), Mustapha Ahmed, last month issued a warning of upcoming severe flooding this year as indicated by predictions from relevant agencies. […]

Africa Headlines International

Zimbabwe president pledges to hold ‘free, fair & credible’ elections in August

General elections that are due to be held later this year will be free and fair, Zimbabwean President Emmerson Mnangagwa vowed during an independence day speech on Tuesday (18 April), but he also issued a warning to “rogue” civic society organizations not to sow “seeds of division and disharmony” in the society. The 80-year-old leader, […]

Africa Business Emerging Markets Headlines International

African air travel demand sees strong growth, on track to reach pre-covid levels

African air travel has made a robust recovery, with the traffic in March having reached 94.8% of pre-pandemic levels of 2019, as more international routes and tourism reopened, the African Airlines Association (AFRAA) has said in a new report. Africa’s airlines have almost returned to pre-pandemic traffic levels, according to the report, noting that domestic […]

Africa Headlines International Morocco

Rabat & Lusaka look forward to enhancing further cooperation ties

Morocco and Zambia are looking into ways of strengthening political dialogue, consultations, and cooperation ties in various sectors of common interests. First Deputy Speaker of Zambia’s National Assembly Mrs. Malungo Chisangano, who is visiting Morocco from 15 to 22 April, conferred with Foreign minister Nasser Bourita. Talks focused on bilateral relations, the exchange of experiences […]

Africa Business International

Tanzania inks $667mil. deals with three Australian miners for rare earth, graphite projects

Tanzania has inked deals worth $667 million with three Australian companies to mine rare earth minerals and graphite, part of President Samia Suluhu Hassan’s drive to fast-track negotiations on long-pending mining and energy projects. Tanzania’s president has witnessed the signing of the deals at a function held at Chamwino State House in Dodoma. Under the […]

Africa Europe International

Switzerland charges Gambia’s ex-minister with crimes against humanity

Switzerland’s attorney general has filed an indictment against a former interior minister of Gambia for crimes against humanity committed under ex-strongman leader Yahya Jammeh between 2000 and 2016, specifically for his alleged role in years of repression by the West African country’s security forces against opponents of the long-time dictator. Ousman Sonko, who was Gambia’s […]

Europe Headlines International Maghreb

Over 20,000 march in Paris in support of Kabylie independence

More than 20,000 people took to the streets of Paris in support of Kabylie independence from the yoke of the military regime in Algiers, waving Kabyle flags and chanting slogans denouncing Algerian repression. The march was held on the day of the Amazigh Spring commemorating the Kabyle struggle to emancipate from the grip of the […]

Africa International

Senegal: Appeal trial for defamation against opposition member Ousmane Sonko postponed to May 8

A court in Senegal’s capital Dakar announced Monday the appeal trial for defamation against opposition member Ousmane Sonko has been postponed to May 8. Sonko was initially expected to appear in court on April 17. The leader of Pasteef party was handed last month a two-month suspended prison sentence for defaming Tourism Minister Mame Mbaye […]

Africa Business Finance Headlines International

Sub-Saharan Africa hit hard by funding squeeze, IMF warns

Sub-Saharan Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, has driven up borrowing costs, weakened regional currencies and cut countries’ access to international capital markets, the International Monetary Fund (IMF) has warned. This “big funding squeeze”, which is the most serious issue facing sub-Saharan Africa, is […]