Africa 

Algeria begins resuming economic and trade relations with Spain

In Algeria, the professional association of Banks and Financial Establishments (ABEF) announced on July 29 that it was lifting restrictions on banking operations for foreign trade with Spain. The President of the Algerian-Spanish Circle of Commerce and Industry welcomed this decision saying many Algerian companies had suffered from it, especially those which imported industrial and agri-food products. Direct debits for… Read More
Africa West Africa World 

Guinea: One shot dead amid protests against coup leaders

– – Anti-government protests broke out in Guinea on Thursday leading to at least one death and several others wounded. More than 100 protesters have also been arrested by authorities. The violent anti-government protests have been sparked by concerns that Guinea’s ruling junta is delaying restoring civilian rule. The opposition coalition has expressed regret at the death and injuries that… Read More
Africa 

Energy giants Eni, Total, BP, CABGOC and Angola’s Sonangol to start a new gas consortium

Italian hydrocarbon giant ENI, France’s TotalEnergies, Britain’s BP, CABGOC, a subsidiary of U.S. Chevron, and Angola’s state-owned Sonangol have agreed to invest in a consortium to develop the Quiluma and Maboqueiro (Q&M) gas fields in Angola, which are expected to eventually produce 4 billion cubic meters per year by 2026. “Eni and its Partners in the New Gas Consortium (NGC),… Read More
Africa 

Kenya seizes millions from Vice Presidential candidate

A Kenyan court on Thursday ordered vice presidential candidate Rigathi Gachagua to refund about $1.7 million to the state. Court determined that the funds were proceeds of corruption. Gachagua’s lawyers had argued that the funds were payment for the supply of goods and services to the government but High Court Judge Esther Maina ruled that there was no evidence to… Read More
Africa Ghana West Africa World 

Ghana’s President sacks ‘TikTok dancing’ minister

– – Ghana’s President Nana Akufo-Addo on Thursday sacked her Minister for Gender, Children and Social Protection, Sarah Adwoa Safo. The minister has for months been at the centre of a lot of controversy for staying away from job. She had justified that decision with the need to attend to her sick child in the USA and also getting the… Read More
Africa 

4th edition of Africa Climate talks kicks off as the continent endures damaging weather events

African nations opened climate talks in the Mozambican capital Maputo on Wednesday to identify their priorities and come up with a common position ahead of the United Nations climate summit in Egypt in November, known as COP27. The meeting is jointly organized by the United Nations, African Union, African Development Bank and the civil society organization, the Pan African Climate… Read More
Africa 

Ethiopia athletics chief urges govt to ease access to Tigray

Ethiopia’s athletics boss on Thursday urged the federal government to ease access to the war-torn region of Tigray, which is home to several medallists from the recently concluded World Athletics Championships. Three of Ethiopia’s four gold medallists and one silver medallist from the championships held in the US city of Eugene earlier this month hail from Tigray, including the women’s… Read More
Africa Investments 

African Development Bank and African Guarantee Fund Launch AFAWA Finance Series in collaboration with Tanzania Bankers’ Association

The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative kicked off the first AFAWA Finance Series in collaboration with the African Guarantee Fund (AGF) and the Tanzania Bankers’ Association this week in Dar es Salaam. The opening day on Tuesday 26 July 2022 drew over 200 representatives from banks and other financial institutions, governments, policymakers, and… Read More
Africa 

Debt, inflation: Crisis looms for Kenya’s economy [Business Africa]

Kenyans head to the polls on August 9 amid signs that East Africa’s largest economy could be headed for tough times. The country’s currency- the Shilling has sharply depreciated. It means Kenya’s Treasury will face difficulty paying back its huge dollar-denominated debt. The country’s debt rose from $16 billion in 2013 to $71 billion in 2021. As a result, Kenya… Read More
Africa 

Candidates hold final rallies ahead of Senegal’s legislative elections

The Senegalese elect their deputies on Sunday in legislative elections that will be a test before the presidential election of February 2024, an election that the opposition wants to use to impose a cohabitation on President Macky Sall and to curb his intentions to seek a third term. President Sall, elected in 2012 for seven years and re-elected in 2019… Read More
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