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Africa’s small-scale coffee farmers brace for new EU anti-deforestation law

The new European Union anti-deforestation law, which aims at protecting dwindling forests by outlawing products sourced from deforested areas, is closely watched in parts of Africa, with some local traders arguing that the new rules effectively dissuade European companies from purchasing their coffee. Some industry sources have cautioned that the new rules requiring companies to […]

Africa Finance Headlines International

Ethiopia’s CBE in quest to retrieve $40 mln withdrawn during glitch

The Commercial Bank of Ethiopia (CBE), the biggest lender in the country, issued a deadline, asking people who have withdrawn or transferred money from the bank during the technical glitch to return the funds or face prosecution. Up to 40 million dollars have been withdrawn during the technical failure that took several hours to repair […]

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33 African countries in need of food aid due to armed conflicts and drought — FAO

A total of 45 countries and regions worldwide, including 33 in Africa, are in need of external assistance for food, the Food and Agriculture Organization (FAO) of the United Nations has warned. The FAO’s latest “Crop Prospects and Food Situation” report indicates that 33 African countries are in dire need of external assistance for food […]

Africa Asia Emerging Markets Headlines International

Ethiopia, India edge closer to defense pact

India and Ethiopia are in the final stages of finalizing a defense cooperation pact, Ethiopia’s ambassador to New Delhi said. Under the agreement, to be likely signed after India’s general elections, India will offer equipment and training to Ethiopia’s army, ambassador Demeke Atnafu told Indian news outlet The Print. The deal was evoked by Indian […]

Africa Business Emerging Markets Headlines International

Nigeria’s intention to join BRICS will not be influenced by West — FM

Nigeria will apply for membership of the BRICS in the next two years and it intends to join the group with or without pressure from the West, the country’s foreign minister Yusuf Tuggar has said. During a recent three-day working visit to Russia, where he held talks with his Russian counterpart Sergey Lavrov, Tuggar re-iterated […]

Africa Headlines International

Somalia-Turkey security deal to deter terrorism, piracy and Ethiopia’s territorial designs — experts

The defense cooperation agreement between Somalia and Turkey signed earlier this month (8 February) aims to achieve several objectives, experts say, including Ankara’s helping Mogadishu secure its maritime interests and serving as a counterbalance against the recent Ethiopian controversial deal with the breakaway region of Somaliland. The defense cooperation agreement Somalia inked with Turkey last […]

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US tech giant Meta faces legal challenges in Ethiopia and Kenya

US tech giant Meta has faced mounting legal troubles in East Africa, including in Ethiopia where its subsidiary Facebook has been accused of contributing to violence during the brutal two-year conflict in the country’s northern Tigray region, and in Kenya where Meta has reportedly faced several lawsuits by local Facebook content moderators. In Ethiopia, Many […]

Africa Headlines International

Egypt’s president warns Cairo won’t allow any threat to Somalia amid dispute with Ethiopia

Cairo will stand shoulder to shoulder with Somalia and will not allow any threat to the Horn of Africa country, Egypt’s president has said, referring specifically to Ethiopia’s recent agreement with the breakaway Somaliland that would give it access to the sea and allow it to establish a marine force base. “Egypt will not allow […]

Africa Headlines International

Somalia: no mediation with Ethiopia until Somaliland port deal cancelled

The Ethiopia-Somalia feud continues as Mogadishu has called on Addis Ababa to retract its deal with Somaliland, ruling out on Thursday (18 January) any possible mediation until a controversial agreement with the breakaway region is cancelled. Claiming its territorial integrity has been violated by the agreement, Somali Ministry of Foreign Affairs has stated there was […]

Asia Headlines International

UN warns against Red Sea crisis escalation, as disrupted shipping prompts Africa price concerns

The United Nations has warned against escalation in the Red Sea following multiple airstrikes by US and UK forces targeting Houthi rebels in Yemen who have vowed fierce retaliation. “These developments in the Red Sea and the risk of exacerbating regional tensions are alarming,” the UN Assistant Secretary-General, Khaled Khiari, has said, calling for the […]