First Independent Mena Newspaper
Egypt is the continent’s new leader in the total equity funding raised by start-ups in Africa from June 2022 to June 2023, overtaking Nigeria, according to London-based African Private Equity and Venture Capital Association (AVCA). Per AVCA data, startups in the North African country raised $540 from June 2022 to July 2023. The amounts represent […]
Josep Borrell Fontelles, the High Representative of the European Union for Foreign Affairs and Security Policy, announced Wednesday, the bloc will provide Niger with 66 million euro earmarked to back the West African country’s national budget. Borrell made the announcement following a meeting with President Mohamed Bazoum. He also argued that the support could be […]
Italy is set to flash out 12000 people from its territory including 4000 Tunisians, for illegal migration, the European country’s Interior minister Matteo Pintedosi has indicated. According to Pintedosi, the move targets illegal migrants who arrived in the first half of this year and is in accordance with the Cutro decree adopted in May and […]
A naval fleet of China’s People’s Liberation Army (PLA-N) arrived for a five-day visit in Nigeria on Sunday (2 July) for a rare visit by the Chinese military to Africa’s Atlantic coast, reinforcing speculation that the Gulf of Guinea could offer a base for Beijing. As the destroyer Nanning and an accompanying frigate, long with […]
Bill Gates who is visiting Nigeria this week has urged the government to increase funding for vital solutions, emphasizing the West African nation needs to do more than $10 per person for health care each year. The American business mogul, co-chair of the Bill & Melinda Gates Foundation, is in Niger and Nigeria this week […]
With Russia now considering a withdrawal from the Black Sea grain deal and with its offer of ‘no-cost delivery’ of grains and fertilizers to ‘friendly’ African countries, Moscow seems to be recalibrating its African strategy, says a recent Geopolitical Handbook titled ‘Putin’s African Dream and The New Dawn’ published by Modern Diplomacy. While Russian president […]
South Africa has never really been affected by terrorism attacks. Its democracy is solid, its economy stable. However, it is considered a stronghold for the financing of the Islamic State (IS) group and other Islamist organizations, South African counter-terrorism expert Jasmine Opperman told AFP. Islamist financiers gather money in the country and transfer it into […]
Nigeria has regained its position as Africa’s top crude oil producer for May 2023, according to the latest report published by the Organization of Petroleum Exporting Countries (OPEC), that also attributes the slow growth of the country’s economy by 2.4% year-on-year in the first quarter of 2023 to certain factors including a decline in crude […]
Ghana has reclaimed its top position as Africa’s premier gold producer, surpassing South Africa, after large-scale mining companies in the West African country increased gold production from 2.2 million ounces in 2012 to 3.08 million ounces last year. After a temporary setback in 2021 due to a sharp decline in output, Ghana has reclaimed its […]
Nigeria’s dreams for a domestic airline crash-land, as the lawmakers slammed the launch of the country’s new flag carrier Nigeria Air just days before the end of the administration, declaring it a “fraud”. Nigeria’s House of Representatives dubbed the purported 26 May launch of the Nigeria Air as “fraudulent,” while local media reported that major […]