Africa Finance Headlines International

Where is the money? — Tanzania misused billions of covid-19 funds

After first denying the covid-19 crisis, Tanzania is now unable to account fully for aid received from abroad, as the country’s controller and auditor general has found irregularities of more than $1.6 billion in the funds allotted for the country’s Covid-19 socioeconomic recovery and response (TCRP) plan. The audit report of Tanzania’s controller and auditor […]

Asia Business Emerging Markets Headlines International Morocco

Morocco lifts travel restrictions on visitors coming from China

Morocco lifted entry restrictions imposed on travelers coming from China as of April 5, 2023, the Chinese Embassy in Rabat said in a statement released this Friday. In January and in view of the massive surge in Covid-19 cases in the Asian country, Morocco announced that only passengers who leave the People’s Republic of China […]

Africa Headlines International

Ethiopia plans to integrate all regional forces into ‘strong and centralized army’

Ethiopia intends to integrate all regional special forces either into the national army, or the federal or regional police, according to a government’s statement on Thursday, whereby the move will likely be perceived as an attempt to diminish the autonomy of individual regions. Ethiopia is organized in 10 regions that enjoy a degree of autonomy, […]

Africa Community Headlines International

Camps in Niger, Kenya swell with migrants, refugees fleeing conflict and drought

The two camps — Assamaka in Niger and Dadaab in Kenya — are more than 5000 kilometers apart but both swell with migrants or refugees who have embarked on a long and difficult journey looking for safety from conflict or drought. Assamaka, the first village on the border with Niger, sees the arrival of hundreds […]

Africa International

Senegal’s Sports Minister resigns

Yankhoba Diattara, Senegal’s Sports Minister, has tendered in his resignation after his party leader Idrissa Seck demoted him from the Vice-Presidency of the party in a sign of sanction, reports say. Diattara, member of the former Prime Minister’s party, Rewmi (The country), has been member of the cabinet since September 2022, following Amadou Ba appointment […]

Africa Business Emerging Markets Europe Headlines International

Africa’s trade deals with EU, UK expose differences in negotiation effectiveness

One of the most striking differences between the approaches by the European Union and the United Kingdom to negotiating trade deals with Africa is the extensiveness with which the EU negotiates these trade agreements, while the UK’s approach, in contrast, is to try to sign deals as quickly as possible, says a new report by […]

Africa Finance Headlines International

West Africa struggles to raise funds on regional capital market — experts

The eight member countries of the West African Economic and Monetary Union (WAEMU) are struggling to raise funds on the regional capital market, as investors demand higher interest rates amid tightening liquidity, financial market sources said. WAEMU IS an organization of eight, mainly French-speaking, states within the Economic Community of West African States (ECOWAS) which […]

Africa Business Egypt Emerging Markets Finance Headlines International

Egypt, Nigeria, South Africa slowing down Africa’s growth, says World Bank

A new report by World Bank has highlighted the underperformance of Egypt, Nigeria, South Africa and other African big economies, saying they are slowing down the continent’s economic growth. In its Africa Pulse report, the Washington-based bank expresses its concern that Sub-Saharan Africa could be facing a “lost decade” of slow economic growth and high […]

Europe Headlines International Morocco

World Cup 2030: UEFA Chief and CAF Support Morocco-Spain-Portugal Bid

Morocco has gained a clear support from the UEFA president Aleksander Ceferin and the Confederation of African Football (CAF) for joining Spain-Portugal bid for hosting World Cup 2030. Mr.Ceferin, Head of the European Union Football Associations, voiced his backing to Morocco’s joining the European candidacy for World Cup 2030 at a press conference held in […]

Africa Headlines International

Sudan’s rival generals again postpone signing of final political agreement, calls for protest

Sudan’s civilian representatives have called for fresh nationwide protests after talks between military factions have reportedly further delayed the signing of an agreement to resume Sudan’s democratic transition. The transition to civilian-led rule that began following the 2019 ouster of long-ruling Islamist general Omar al-Bashir was derailed by a coup in October 2021 led by […]