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 […]
Year: 2022
DRC: At least hundred died in flooding
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 […]
Macky Sall earns Golden Plate Award for action towards Senegal, Africa
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 […]
Aeronautics: Safran Nacelles Morocco inaugurates its 1.7 Megawatt photovoltaic power plant
Safran Nacelles Morocco, a subsidiary of French aeronautic parts manufacturer Safran, inaugurated last week a new photovoltaic power station with a capacity of 1.7 Megawatts that will supply its Nouaceur plant with green energy. The photovoltaic power station will cover more than 20% of the annual consumption of the Nouaceur aeronautic parts production plant, reducing […]
Gulf of Guinea countries band together to stop illegal Chinese fishing
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. […]
Blinken stresses partnership with Africa as China looms large over US-Africa Leaders summit
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 […]
Morocco: EBRD lends a further €100 million to Société Nador West Med
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 […]
Uganda plans to build railway connecting Kampala to Kenya and later to South Sudan
Uganda’s President Yoweri Museveni has proposed plans to build a new standard gauge railway (SGR) linking Kampala, the capital city, with the Kenyan border, reports say. “We’re going to build a brand-new SGR line from Kampala to Kasese. Later on, we will extend it from Kampala to the border of Kenya and then to South […]
Nigeria: Police kill three gunmen attacking Electoral Commission office
Police in Nigeria have killed three gunmen while repelling an attack on an office of the Electoral Commission (INEC) in the south-eastern region of the populated African country which is heading to presidential elections early next year. The attackers tried to storm the main INEC office in Owerri, capital of Imo State, police said, on […]









