Business Finance Headlines

Afreximbank approves $200 million for Uganda crude pipeline as NGOs denounce the project

Afreximbank has approved $200 million toward financing of a contested oil pipeline to export Uganda’s crude, while a report released by two environmental NGOs has warned of potentially “unacceptable” damage caused by a controversial project involving French oil giant TotalEnergies and China’s National Offshore Oil Corporation (CNOOC). The Nigeria-based bank was also willing to finance […]

Comments Community Headlines

Uganda’s president sorry for son’s tweet threatening to invade Kenya

Uganda’s President Yoweri Museveni has apologized to Kenya after his son, a general who has been outspoken on social media, tweeted threats to invade the neighboring country and capture its capital in two weeks and also provoking remarks about Kenya’s recent elections. “I ask our Kenyan brothers and sisters to forgive us for tweets sent […]

Africa International

Traoré appointed Burkina Faso’s president amid concerns he could ally with Russia

Captain Ibrahim Traoré was appointed president of Burkina Faso on Wednesday (5 October), less than a week after the latest coup that deposed Damiba amid growing violence in the Sahel. The Sahel country plunged into political turmoil on 30 September after the second coup in less than nine months that saw a group of officers […]

Africa Headlines International

Ethiopia accepts African Union’s invitation for peace talks with Tigray forces

Ethiopia’s federal government has accepted the African Union’s invitation to hold peace talks with Tigray forces in South Africa this weekend, which are aimed at ending the ongoing civil war and halting hostilities against the country’s Tigray region leadership. African Union (AU) chief Moussa Faki Mahamat extended the invitation to the peace talks in a […]

Algeria Headlines International Maghreb

UN-WGAD slams Algeria over abduction & arbitrary detention of activist Kamira Nait Sid, calls for her immediate release

The UN Working Group on Arbitrary Detention has slammed Algeria for the abduction, unlawful confinement and arbitrary detention of activist Kamira Nait Sid since August 2021. The UN Working Group on Arbitrary Detention (UN-WGAD) issued a ruling in this regard after examining the complaints of abduction, unlawful confinement and arbitrary detention of Kamira Nait Sid, […]

Business Headlines Morocco

S&P Global Ratings maintains Morocco’s rating at BB+, says economic outlook remains stable

S&P Global Ratings maintained Morocco’s rating unchanged at BB+ for the second year, citing the country’s strong sovereign credit, and projected that Moroccan economy will expand by 1.4% this year, after bouncing back by 7.9% in 2021. Representing the country’s ability to meet its financial obligations, the S&P rating shows that Morocco’s creditworthiness is largely […]

Headlines International Maghreb

Sahara: Spanish FM reaffirms backing to UN Envoy Staffan de Mistura

Spanish foreign minister José Manuel Albares met on Tuesday with UN Sahara envoy Staffan de Mistura for the fourth consecutive time since the appointment of the Italian-Swedish diplomat to the UN job in October 2021. During the meeting held in Madrid, “I reiterated Spain’s support for his mission,” said Mr. Albares in his Twitter account […]

Africa International

Wagner founder throws support behind new Burkina Faso leader

Evgueni Viktorovitch Prigojine, founder of Russian private security company Wagner, has blessed last Friday military coup in Burkina Faso, and said that the new leader Captain Ibrahim Traoré is a true son of the West African country. “I salute and support Captain Ibrahim Traoré,” Prigojine said. Traore, 34, took over power last Friday and removed […]

Energy

Central African gas pipeline project set to face many challenges

Proponents of the planned Central African pipeline network encompassing seven regional states argue the project could revolutionize energy access, but critics question the funding, refining capacity and the environment. Central Africa, which is well-known for its insecurity and coups d’etat rather than commerce, is often left out of discussions about Africa’s energy transition. The sub-region […]

Africa Headlines International

Ukraine’s foreign minister pledges to boost grain exports to Africa

Ukraine’s Foreign Minister Dmytro Kuleba has promised that his country will do all it can to send more grain to Africa, as many countries on the continent depend heavily on grain imports from Ukraine and Russia while the war between the two has disrupted global supply. As he began his African tour this week in […]