First Independent Mena Newspaper
Sudan, Cabo Verde, Mozambique, Republic of the Congo, and Egypt have been listed as countries with the highest debt to GDP ratio in the African continent. This came in a report by Yahoo Finance which listed 30 countries with the highest debt to GDP ratio. The report noted that Emerging economies and low-income economies are […]
In this era of geopolitical competition and realignment, India recognizes Africa as a key component in its pursuit of superpower status and the continent is thus becoming a crucial player in New Delhi’s ambitious quest for global economic dominance. India’s multifaceted relationship with African countries is set for a fundamental transformation, as the continent is […]
The recent surge of new attacks by an Islamic State-affiliated group in Mozambique’s Cabo Delgado province has been fueled by an influx of Islamist fighters of different nationalities from other parts of Africa, experts and observers warn. After several months of relative calm, Mozambique’s troubled Cabo Delgado province has been, since the beginning of 2024, […]
Thousands of civilians have been forced to flee northern Mozambique due to a surge in Al Shabab jihadist attacks, further worsening the humanitarian and the refugee crisis in the country. The UN refugee agency UNHCR said it was “deeply concerned about the escalating humanitarian crisis in Cabo Delgado,” which pushed thousands to seek a shelter […]
Senegal joins other African countries like Nigeria or Namibia that have struggled to manage their oil and gas resources discovered in recent years for the real benefit of the people, including by improving the energy situation at home. The oil and gas finds in Africa have rarely lived up to their promise, often doing more […]
While Africa’s critical mineral reserves and mineral industry are possibly the largest in the world, if African countries are to harness the full potential of these essential resources, local and sustainable value chains must be established, according to experts. Home to 30% of the world’s mineral reserves — found in abundance in South Africa, Zimbabwe, […]
Seven survivors and relatives of victims have launched a legal action against French company TotalEnergies for “involuntary manslaughter and failure to assist a person in danger” following a bloody 2021 Islamic State-linked jihadist attack in northern Mozambique. Victims and their families accuse the French energy giant, which ran a $20 billion liquefied natural gas project […]
Mozambique’s bond market has rebounded following UBS Group AG’s announcement of a an 11th-hour out-of-court settlement regarding Credit Suisse’s involvement in a ship-financing ‘tuna bond’ scandal. The yield on Mozambique’s 2031 debt fell 19 basis points to 13.34% on Monday (2 October) morning in the capital, Maputo, after the recently announced settlement brought closure to […]
With rising temperatures, people living in regions across Africa that were once inhospitable to malaria-carrying mosquitoes, including the mountains of eastern Ethiopia and the slopes of Mount Kilimanjaro, could be newly exposed to the disease, according to latest studies on this topic. As the temperature range where malaria-carrying mosquitoes thrive is rising in elevation as […]
Credit Suisse has lost its bid to block the lawsuit filed by the Government of Mozambique against the Swiss bank for its role in the 2 billion dollar scandal known as the “tuna deal”, and will thus be brought to trial in October. A UK high court judge on Monday (4 July) refused to strike […]