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Nigeria, Malawi and Rwanda have Africa’s worst-performing currencies in 2024

Nigerian naira, Malawian kwacha and Rwandan franc have been named the worst-performing African currencies against the US dollar in 2024, according to a latest report, having faced an array of challenges, from persistent trade imbalances, dwindling foreign reserves, to political instability. Some African nations strengthened their currencies, while others faced worsening exchange rates in 2024. […]

Africa Columns Headlines International Morocco

Madagascar opens embassy in Rabat, a new step towards strengthened ties

Madagascar has become the 42nd African nation to have an embassy in Rabat, bringing to 116 the number of embassies in the Moroccan capital. Johary Hoela Rajobson has already presented copies of his credentials to Foreign Minister Nasser Bourita last week as Madagascar’s ambassador to the Kingdom. The inauguration ceremony of the Malagasy embassy, attended […]

Africa Emerging Markets Headlines International Maghreb Morocco

Madagascar hails Morocco’s serious & credible efforts to resolve Sahara dispute, King’s initiatives to promote peace & stability in Africa

Madagascar welcomes the serious and credible efforts made by Morocco to move forward towards resolving the dispute over the Moroccan Sahara and hails King Mohammed VI’s initiatives to promote peace, stability, and shared prosperity in the African continent. This position was expressed in a joint communiqué issued following talks held Friday in Rabat between Malagasy […]

Africa Headlines International

China’s PLA navy increases African port calls in bid to cement Beijing’s diplomatic ties

China’s 45th naval fleet has in recent weeks visited Tanzania, Mozambique and Madagascar in what experts say is Beijing’s show of force designed to help cement the Asian powerhouse’s diplomatic ties in Africa. After the People’s Liberation Army’s (PLA) Navy stopped many of its African port visits during the Covid-19 pandemic, it has now begun […]

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Southern Africa hit by extreme drought, leaving some 20 millions facing hunger

The unprecedented drought that has enveloped large parts of southern Africa since late last year has impacted more than 6 million people in Zambia, 3 million of them children, nearly half of Malawi’s population and 30% of Zambia’s, United Nations Children’s Fund (UNICEF) has warned. The drought in Zimbabwe, Zambia and Malawi has now reached […]

Africa International

Madagascar: Court postpones to Feb. 06 ruling against top army commanders accused of alleged military coup

The judge of a court in Madagascar has postponed to February 06 the ruling on the fate of two colonels of the Army in detention since November 2023 over their alleged plot to carry out a military coup, several days before the presidential polls of November 16. The two high ranking officers whose identities have […]

Africa Headlines International

Five soldiers detained in Madagascar over murder of local mayor

Five soldiers, among nine people suspected for the murder a local mayor, have been detained after appearing Tuesday January 23 before a court, local media in Madagascar reports. The soldiers from Security Support Detachment of Ankazobe municipality have been sent to the main incarceration Center of the country, Tsiafahy. Five other people, all civilians, among […]

Africa Asia Business Emerging Markets Headlines International

Resource curse: more Africa countries could benefit from China’s new tariff-free policy

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 […]

Africa International

Madagascar: At least 12 dead in tropical cyclone Alvaro

At least 12 people have been killed by Tropical Cyclone Alvaro which hit Madagascar at the beginning of this month, the country’s disaster management agency said. The National Office for Risk and Disaster Management said Tuesday that the victims include a mother and her three children who were buried under the rubble after a landslide. […]

Africa International

Madagascar: Christian Ntsay re-appointed as Prime Minister for new term

Madagascar’s recently re-elected President Andry Rajoelina has re-appointed on January 4 his former Prime Minister Christian Ntsay for the same position, as he begins a second term in office following November disputed elections. Rajoelina Thursday told lawmakers of his party and allies that three criteria led him to choose Ntsay as Prime Minister. “Loyalty is […]