First Independent Mena Newspaper
The US top diplomat’s tour of four African countries began on Monday (22 January) with a visit to Cape Verde, as the Biden administration seeks to prove the United States is a key partner on a continent where China and Russia have sought to expand their influence. In Cape Verde, US Secretary of State Antony […]
China’s recent announcement that it was expanding its tariff-free policy to additional African countries, namely Angola, Gambia, Congo, Madagascar, Mali and Mauritania, may be a catalyst for new opportunities amid criticisms about the trade imbalance, according to experts. The Chinese government announced on 25 December 2023 that it was granting the additional six African states […]
The US private military company Bancroft Global Development is reportedly in talks with the government of Central African Republic (CAR) over “future activities,” as the Russian mercenary group Wagner is in the process of reorganization following the death of its leader Yevgeny Prigozhin. The death of Wagner’s leader has created a window of opportunity in […]
The two-day Global Gateway Forum that wrapped up in Brussels on Thursday (26 October 2023) saw the European Union sign three strategic partnerships with its partners to develop critical raw materials value chains and boost transport connectivity. During the event, the 27-member bloc signed three Memoranda of Understanding (MoU) — for a partnership on critical […]
It’s high time to address the ‘embarrassingly low’ level of intra-African air connectivity which is depriving the continent and its people from reaching their full potential, an airline body chief has said. Addressing the recent annual general assembly of the Airlines Association of Southern Africa (AASA) that was held in Luanda in Angola, the airline […]
Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]
The European Union is finalizing partnerships with the Democratic Republic of Congo (DRC) and Zambia to boost local industries as the bloc wants to mine its way out of its heavy dependence on foreign powers like China for critical materials needed to power its green transition. A planned memorandum of understanding is widely seen as […]
Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
South African President Cyril Ramaphosa has welcomed the opening of a new Huawei Innovation Center in the country, expressing hope that the Chinese giant’s new technologies would help Africa “leapfrog into the Fourth Industrial Revolution.” Speaking at the launch event in Johannesburg, Ramaphosa commended Huawei for its “confidence in the South African economy and its […]
Angola says it supports a political solution based on compromise to the Sahara regional conflict. In a joint statement issued Tuesday in Rabat following the 3rd meeting of the Moroccan-Angolan Joint Cooperation Commission, Angolan foreign minister Téte Antonio said his country encourages the efforts made by the UN Chief and his personal envoy, Staffan De […]