First Independent Mena Newspaper
King Mohammed VI is represented at the US-Africa Leaders Summit by Head of Government Aziz Akhannouch. The Summit is hosted by President Joe Biden in Washington this December 13 to 15. The summit, which brings together representatives of some 50 countries, civil society and the private sector of the African continent, in addition to officials […]
UK-based finance institution British International Investment (BII) and the African Guarantee Fund (AGF) have signed a $75 million re-guarantee agreement for small and medium enterprises (SMEs) across Africa, Zawya reports. The fund, according to BII, will provide credit guarantees to partner financial institutions for up to 75% of the risk on SME loans, thus increasing […]
A court in Uganda has charges and sent to prison a US couple for “aggravated torture” of their 10-year-old foster son, Africa News reports citing the police of the Eastern African country. The court indicted the couple Friday and ordered their detention at Luzira Prison, a high-security prison facility on the outskirts of the capital […]
Strategies are needed to avoid debt crises that developing nations are currently facing, including the urgent need to find as much as $2.5-trillion over five years to meet external debt-service costs as interest rates rise and poorer countries struggle to refinance borrowings, according to a recent study. The findings published by the Bill & Melinda […]
At the heart of the Africa’s crypto boom was FTX, an international exchange run by US crypto guru Sam Bankman-Fried, whose collapse in November has sent shockwaves across the continent, along with calls for more regulation. An unknown number of African customers held funds on the Bahamas-based platform, as did numerous African startups. On Tuesday […]
More than hundred people are feared died in the Democratic Republic of Congo (DRC) due to flooding and landslide in Kinshasa Tuesday. “The death toll exceeds 100 in 5 communes including Mont-Ngafula, Ngaliema, Kintambo, Bandalungwa and Selembao,” Gentiny Ngobila, Kinshasa Governor told reporters after a visit. About sixty people were reported dead in Mont-Ngafula, one […]
Senegal’s President Macky Sall was presented Tuesday the Golden Plate Award by the American Academy of Achievement in recognition of his actions towards his country and the African continent. The Senegalese leader dedicated the award to his country and the African continent, state-run news agency of the Western African country reports. “I would like to […]
Gulf of Guinea nations have banded together earlier this year to crack down on illegal fishing, which environmental groups blame on Chinese boats that are decimating West Africa’s fish stocks and fishing communities along the coastline. Chinese boats are decimating West Africa’s fish stocks and fishing communities in the Gulf of Guinea, say environmental groups. […]
With the annual US-Africa Leaders Summit kicking off in Washington, D.C., this Tuesday Dec.13, the Biden administration will try to offer its African partners a better alternative to the economic competition from China on the continent. Deputy Commerce Secretary Don Graves acknowledged that the United States has fallen behind as China has surged past American […]
The European Bank for Reconstruction and Development (EBRD) is providing additional loan financing of €100 million to Société Nador West Med (NWM) for the construction of the Nador West Med port in the Oriental Region of Morocco. The loan is a new, second tranche under a €200 million EBRD loan agreement signed in 2015, announced […]