Business Features Finance Headlines

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. […]

Business Emerging Markets Features

Horn of Africa: long-term peace to come from regional integration, cooperation — UNDP report

The Horn of Africa countries should turn to trade as a solution to persistent conflict and political instability, says a new report by the United Nations Development Programme (UNDP), that suggests that the lack of intra-regional trade, as well as poor infrastructure, has fueled conflict and violence by perpetuating poverty and a sense of marginalization. […]

Africa Features Headlines International

US spy plane accused of violating DRC, Uganda airspaces, near oil, military facilities

An alleged US spy plane has been accused of breaching the airspaces of the Democratic Republic of Congo (DRC) and Uganda, raising concerns that it may have been involved in possible espionage in sensitive areas with oil facilities and military bases. Fresh details have now emerged in Ugandan media, showing the aircraft could have photographed […]

Africa Features Headlines International

EAC summit seeks to resolve Ethiopia-Somalia dispute and eastern DRC conflict

The latest East African Community (EAC) summit at the weekend focused, among other issues, on the resolution of two conflicts that are threatening the stability of the region — the dispute between Ethiopia and Somalia and the unabated violence by rebel groups in eastern Democratic Republic of Congo (DRC). Kenya’s President William Ruto has said […]

Africa Headlines International

Uganda: Opposition leader faces military trial following controversial Kenya return

Prominent Ugandan opposition figure Kizza Besigye has appeared before a military court in Kampala facing serious charges, including endangering national security, illegal firearms possession and international arms negotiations. The hearing follows his alleged forced return from Kenya, where his wife claims he was kidnapped during a book launch event. The 68-year-old former presidential candidate, who […]

Africa Business Finance Headlines International

Africa Risk-Reward Index highlights shifting investment landscape amid major political shifts

The DRC, Kenya and Uganda have been ranked by the latest edition of the Africa Risk-Reward Index 2024 as the riskiest investment destinations in East Africa, largely blamed on political, social and economic threats, while Rwanda stands out as the safest investment destination in the region. This authoritative report has been recently launched by the […]

Africa Headlines International

Ugandan court convicts former LRA commander in landmark case

In a groundbreaking verdict, a Ugandan court has found Thomas Kwoyelo, a former commander of the Lord’s Resistance Army (LRA), guilty of crimes against humanity. This marks the first atrocity case tried under Uganda’s special court division for international crimes, setting a significant precedent in the country’s pursuit of justice for war crimes. Kwoyelo, abducted […]

Africa Headlines International

Uganda’s Deadly Landfill Collapse Claims 21 Lives as Rescue Efforts Continue

A devastating landslide at Kampala’s only landfill site has resulted in at least 21 deaths, with rescue workers still searching for survivors. The tragedy occurred after weeks of heavy rainfall caused a massive mound of garbage to collapse, burying nearby homes as residents slept. President Yoweri Museveni has ordered the relocation of all residents living […]

Africa Headlines International

Gen Z anti-govt revolt in Kenya, Uganda, Nigeria may fuel sub-Saharan ‘African Spring’

As sub-Saharan Africa has seen an unparalleled surge of protests this year, from Kenya to Uganda and Nigeria, some observers are expressing the view that a new African Spring may be on the horizon. Young people in Kenya, Uganda and Nigeria have taken to the streets protesting against the high cost of living, lack of […]

Africa Headlines International

Uganda: Police crackdown on anti-corruption protest, youth activists defy govt’s threats

Ugandan police forcefully detained dozens of protesters at an anti-corruption rally in the capital city of Kampala on Tuesday (23 July), as people rallied against the government’s corruption, ignoring warnings by police and President Yoweri Museveni. Organizers and participants of a planned march against corruption on Tuesday defied a ban on anti-government protests — inspired […]