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 […]

Business Finance

Egypt, IMF ink $3bn new loan program deal

The International Monetary Fund (IMF) said on Thursday it had agreed a $3 billion Extended Fund Facility (EFF) over 46 months with Egypt, Reuters reports. The deal is part of a four-year international financing program worth a total of $9 billion which also includes $1 billion from the IMF’s Resilience and Sustainability Trust (RST) and […]

Business Emerging Markets

Pandemic aftershocks, Russia’s war in Ukraine dimming prospects for African trade

The effects from the COVID-19 pandemic aftershocks and the Ukrainian crisis have led to rising commodity prices, surging inflation, and shifts in the global financial situation that have transformed African trade and production capabilities, according to the latest figures published by the International Monetary Fund (IMF). After over-performing in its post-pandemic recovery in 2021, Africa’s […]

Africa International

UNGA: Africa is still divided in its stance on Russia’s war in Ukraine

African countries have been divided over the vote in the United Nations General Assembly on Wednesday (12 October) that in the end condemned Russia’s “illegal annexation” of Ukrainian territories after Moscow vetoed a similar text in the Security Council in late September. Twenty-six African countries voted in favor of, while nineteen others abstained in the […]

Africa Headlines International

Ukraine’s foreign minister pledges to boost grain exports to Africa

Ukraine’s Foreign Minister Dmytro Kuleba has promised that his country will do all it can to send more grain to Africa, as many countries on the continent depend heavily on grain imports from Ukraine and Russia while the war between the two has disrupted global supply. As he began his African tour this week in […]

Europe International

Ukraine’s top diplomat in Senegal to bolster ties

Dmytro Kuleba, Ukraine Foreign Minister arrived in Senegal Monday for a two-day visit to bolster ties with the Western African country amid ongoing crisis with neighboring Russia. “We will review our cooperation and discuss President Macky Sall’s commitment on behalf of the African Union [AU] to the return of peace in his country and its […]

Blogs Community

Climate representatives gathered in Kinshasa for pre-COP27 call for more funding

Climate representatives from more than 40 countries who gathered for a pre-COP27 climate summit in the Democratic Republic of Congo’s capital, Kinshasa, have called out rich nations for failing to honor a $100bn per year funding pledge to developing countries. Dozens of ministers and senior delegates are in Kinshasa this week for a final meeting […]

Blogs Community

Leaders condemn Russia’s war in Ukraine at UN, pledging billions to fight AIDS, malaria and TB

At the United Nations General Assembly, leaders from Qatar, Senegal and Turkey called for immediate peace talks between Moscow and Kiev to end Russia’s invasion of Ukraine, as Germany and France denounced Putin’s imperialism in its smaller neighbor. Russia’s invasion of Ukraine has taken centre stage at the UN General Assembly on Tuesday (20 September), […]

Business Emerging Markets

Central African farmers warn of looming hunger as Russia’s war in Ukraine disrupts imports

Disruptions in food supplies caused by Russia’s war in Ukraine have deepened the struggles of millions of Africans to survive, more than 60 farmers’ associations from 11 Central African countries have warned. Calling on the region’s governments to help people cope with food shortages, the farmers say scarcity, high prices and a worsening economic situation […]

Business Emerging Markets

Central African states inked deal to create regional oil, gas pipeline network and hubs

Central African countries have signed an agreement to create a regional oil and gas pipeline network and hub infrastructures which proponents say will strengthen energy supply and reduce dependence on imports of refined products. The deal, inked on Thursday (8 September), aims to construct three multinational oil and gas pipeline systems of around 6,500 km, […]