Africa International

Unidentified aircraft shelled army, Russian positions in town of Bossangoa – CAR

The Central African Republic, CAR, Monday said an unidentified aircraft hailing from a neighboring country pounded army positions and forces of Russian private security company Wagner in the town of Bossangoa causing material damage, Faapa news reports. The aircraft “dropped explosives in the town of Bossangoa targeting the base of our Defense Forces, that of […]

Business Europe Finance Headlines International Tunisia

EU to grant Tunisia €100m to weather pandemic-related impacts

The European Union, EU, is set to grant Tunisia €100 million earmarked to help the North African country surf the impacts of the pandemic and to support the economy, the ministry of Economy and planning has announced. The financing agreement will be signed this Monday, November 14, 2022, at the headquarters of the Ministry of […]

Business Egypt Finance Headlines

Egypt applies to join Shanghai-based New Development Bank

Egypt has reached a deal with Shanghai-headquartered New Development Bank (NDB) to join the financial institution whose strategy the Arab country says is in line with its vision. Minister of Finance Mohamed Maait according to the statement from his department held talks with NDB’s Chairman Marcos Troyjo on the sidelines of COP27. Both parties, the […]

Africa Headlines International

Stabilizing Sahel: Paris to announce official end of anti-jihadist Operation Barkhane

French President Emmanuel Macron will officially announce on Wednesday (9 November) the end of the anti-jihadist Operation Barkhane in the Sahel, but this will have no impact on the French military presence in the region, according to a statement from the Elysee Palace. This announcement comes a little less than three months after the withdrawal […]

Business Emerging Markets Energy

Blood diamonds: Botswana wins bid to host anti-conflict diamond watchdog

Botswana, the world’s second-largest diamond producer, has won its bid to host the permanent secretariat of the Kimberley Process (KP), the grouping that certifies that diamonds are not used to fund rebel groups. The KP, a coalition of governments, the diamond industry and civil society representatives, said in a statement on Monday (7 November) it […]

Africa International

Russia will send fertilizers, wheat, petroleum products worth $100m to Mali

Mali announced Wednesday Russia is set to send 60,000 tons of oil, 25,000 tons of wheat and 35,000 tons of fertilizers worth $100 million through the port of Conakry. “Following our exchanges, a first shipment of goods should arrive in Bamako in a few weeks. These include 60,000 tons of petroleum products, 35,000 tons of […]

Headlines Tunisia

AfDB loans Tunisia $80m for food security project

The African Development Bank, AfDB, has accorded $80 million credit facility earmarked to enhance food self-sufficiency and security, through securing the supply of soft wheat, barley and fertilizers. The loan deal was signed Thursday between Samir Said, Tunisia’s Minister of Economy and Planning and Mohamed El Azizi, the Director General, Regional Development and Service Delivery […]

Headlines Tunisia

Tunisia foils 8 illegal migration attempts, detains 231 people

Tunisia announced Tuesday its National Guards forces curbed eight illegal migration attempts and arrested 213 people from different regions of the country, Anadolu news agency reports. “As part of the fight against the phenomenon of illegal migration, during the night of Monday to Tuesday, maritime units of the National Guard have managed to thwart 8 […]

Business Emerging Markets

Resilience through tough times: East Africa’s economic recovery hindered by debt and deficits

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 […]

Asia Community Headlines International

UN “deeply concerned” Russia’s pullout of grain deal will escalate world food crisis

UN Secretary-General António Guterres has expressed deep concern at Russia’s decision to suspend its involvement in the Black Sea Grain Initiative, a deal set up to reintroduce vital food and fertilizer exports from Ukraine to the rest of the world. On Saturday, Russia announced that it was suspending its involvement in the deal, citing an […]