First Independent Mena Newspaper
Nearly 20,000 millionaires fled Africa in the past decade due to currency depreciations that eroded their wealth, according to Henley and Partners, a global citizenship and residence consultancy. The number of individuals with a wealth of $1 million in Africa dropped 8% to 135,200, while the number of billionaires was limited to 21 with a […]
African countries participating in the Africa Economic Summit 2024 held last week in Abuja pledged to boost intra-continental trade from 14% to at least 50% by 2030 under the African Continental Free Trade Area (AfCFTA). The summit closed with a release of a white paper on coordinated actions that governments and institutions should commit to […]
India is stepping up its critical mineral acquisition plans in Africa, with New Delhi reportedly eying to sign new and updated mineral pacts with about a dozen African countries, in bid to challenge China’s dominant position on the continent. India’s Ministry of Mines has said it was in discussions with Côte d’Ivoire, Democratic Republic of […]
Seven African countries collected $2.4 billion of additional revenue through tax transparency, exchange of information and related measures in 2023 than over the 13 preceding years combined, a new progress report for the so-called Africa Initiative has found. Launched at a recent 15th Meeting of the Africa Initiative in Lomé, Togo, the Tax Transparency in […]
Two years after the signing of the founding protocol, the African Energy Bank officially opened its doors on June 4 and slated the operational launch for July. This supranational bank will focus on financing oil and gas projects in Africa, with a view to bridging the financing gap in these sectors and the continent’s energy […]
Three African countries — Burkina Faso, Cameroon and the Democratic Republic of Congo (DRC) — top a list of the world’s most neglected crises for the second year in a row, according to a new report released by the Norwegian Refugee Council (NRC). The NRC’s annual report on the world’s most neglected displacement crises says […]
Fez is hosting the 3rd edition of the high-level meeting of Heads of Counter-Terrorism and Security Agencies in Africa, known as the “Marrakech Platform”, marked by the participation of nearly sixty delegations. Speaking at the opening Tuesday of the twoof the meeting, Foreign Minister Nasser Bourita emphasized that the Marrakech Platform corresponds perfectly to the […]
South Korea is hosting 48 African nations at a summit in Seoul to discuss cooperation on key minerals and other development projects in the growing African market, where great powers vie to strengthen their influence. Africa is a “crucial partner” for South Korea to further its industrial advances and “cooperation with Africa is not a […]
Over $30 billion worth of gold was smuggled out of Africa in 2022, primarily to the United Arab Emirates (UAE), Turkey, and Switzerland, according to a new ground-breaking report by Swissaid that calls for more transparency and traceability in the gold supply chain to improve local conditions and artisanal miners’ working conditions throughout the continent. […]
Morocco fully supports initiatives aimed at establishing a “safe”, “secure” and “resilient” cyberspace, Minister in charge of National Defense Administration, Abdellatif Loudiyi, said Monday in Marrakech. Speaking at the opening ceremony of the Africa Cybersafe Symposium, held on May 27-28 in Marrakech, at the initiative of the Directorate-General of Information Systems Security (DGSSI), under the […]