First Independent Mena Newspaper
Commercial International Bank, CIB, of Egypt has secured $148 million from the African Development Bank (AfDB), in form of financial package earmarked to support Small and Medium Enterprises (SMEs) as well as trade amid a shortage of foreign currency in the North African country due to complex endogenous and exogenous macro-economic and geopolitical factors. Including […]
Russia is mulling plans to dispatch 200,000 tons of wheat free of charge to countries in need on the African continent by the end of the year, the Russian Ambassador to Turkey Alexey Yerkhov told Turkish daily Sabah. “Russia proposed an initiative to deliver wheat free of charge to the poorest African countries. We expect […]
Mercenaries from the Wagner Group are reportedly making $10 million per month through their involvement in the ongoing conflict in Mali as it exchanges African gold to help fund Vladimir Putin’s war machine, experts have said. US intelligence experts believe the Russian-backed private military company, led by Yevgeny Prigozhin until his violent death in August, […]
Nigeria, Africa’s largest economy, is seeking the exclusive BRICS membership to enhance its global economic influence that would also allow it to loosen its ties with the West, according to experts. According to Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, the West African country hopes to join the influential economic alliance within two years, stressing […]
The international community must not neglect the climate emergency in Africa’s deserts amid the Israel-Hamas conflict and Russia’s war in Ukraine — this was the key message by African delegates attending the recent United Nations Convention to Combat Desertification (UNCCD) in Uzbekistan. African delegates said that conflicts around the world, such as Russia’s invasion of […]
The Russian Foreign Ministry welcomed Thursday November 16 the Malian Army’s liberation of the town of Kidal from Touareg rebel groups who had occupied the region for 10 years. Malian transitional authorities announced November 14 the seizure of the town from the rebels following fierce battle. The town is the site of a base that […]
South Africa’s top diplomat has called on Israel to stop “this real crime against humanity” unfolding in Gaza, pointing to “very clear similarities” between Israel’s occupation and the system of apartheid in her country, just as experts highlight the hypocrisy in the largely failed push by the United States to cajole African governments into taking […]
Russia’s ambassador to Chad Vladimir Sokolenko inaugurated over the weekend the first Russian Cultural center in the central African country to bolster ties between the two countries. Named “Russkiy Dom” the culture center located in capital N’djamena is an initiative of Chadian alumni of Russian universities. It seeks to be a dynamic place for social […]
The renewed flare-up in Israeli-Palestinian conflict has caused an outrage across Africa but it has also prompted heated debates in different countries in the continent about how to reconcile the gap between their economic and trade goals and their political and cultural realities. Thousands of protesters have marched across the Middle East and Africa on […]
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 […]