First Independent Mena Newspaper
With the interest rates likely to stay high in 2024, governments across Africa are presented with a unique challenge and dilemma as they struggle to pay off rising levels of accumulated debt at the same time as they are being urged by the International Monetary Fund (IMF) to cut costly fuel subsidies and raise more […]
The economies of East Africa face rather bleak prospects for growth this year because of the increasing risk of debt distress, widening fiscal and current deficits and limited economic diversification plans, according to the latest forecast by the African Development Bank (AfDB). The AfDB forecasts the region’s GDP at 4% this year, before recovering to […]
The African Union (AU) has said it was worried about the deteriorating security situation in the troubled eastern Democratic Republic of the Congo, where rebels have made fresh gains and the country’s authorities responded by expelling the Rwandan Ambassador in Kinshasa, accusing Rwanda of supporting the M23 rebels. In a joint statement, AU Chairman Macky […]
The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]
At the United Nations General Assembly, leaders from Qatar, Senegal and Turkey called for immediate peace talks between Moscow and Kiev to end Russia’s invasion of Ukraine, as Germany and France denounced Putin’s imperialism in its smaller neighbor. Russia’s invasion of Ukraine has taken centre stage at the UN General Assembly on Tuesday (20 September), […]
France’s new President Emmanuel Macron has acknowledged that the “invasions” of foreign forces in Libya to end Colonel Muammar Gadhafi’s rule in 2011 was an error. In an interview with European Media, a part of which was published by Il Corriere della Sera newspaper, the French President said “(France) was wrong to join the war […]