Africa Features Headlines International

Kenya and Uganda win $2bn railway arbitration case in London

Kenya and Uganda have secured a major legal victory after the London Court of International Arbitration (LCIA) dismissed a $2 billion claim filed by Rift Valley Railways (RVR) consortium over a terminated railway concession. The dispute stemmed from a 25-year agreement signed in 2006, granting RVR the right to manage and operate the 2,350-kilometer Kenya-Uganda […]

Americas Emerging Markets Headlines International Morocco

USAID Chief Hails Morocco’s Good Governance, Inclusive Development & Climate Change Policy

Administrator of U.S. Agency for International Development, Samantha Power, has praised Morocco’s inclusive development, good governance and education reform to meet the needs of the labor market. At a meeting held Wednesday in Rabat with Moroccan foreign minister Nasser Bourita, the USAID chief commended Morocco’s efforts made to reduce greenhouse gas emissions, enhance youth empowerment […]

Africa Business Features Finance Headlines International

IMF $3bn bailout package for Ghana defies Akufo-Addo’s ‘Ghana beyond aid’ policy

Ghana, formerly praised for its stability and good governance, is finally getting some breathing room after Ghanian officials announced last week (18 May) that the $3 billion bailout for the West African nations had finally been approved by the International Monetary Fund (IMF) Ghana has been facing a severe economic crisis since the onset of […]