Africa 

South africa: smuggling of rifles fuels gun violence

South Africa’s rising gun violence crimes has been attributed to the smuggling of high caliber guns like AK-47s. The Global Initiative Against Transnational Organized Crime reports that there are about 3.8 million unregistered illegal firearms in circulation in South Africa, Mozambique, and Zimbabwe.  Illicit guns and ammunition are a currency in the underworld of gangs, mass shootings and wildlife crime.… Read More
Africa 

Controversy after Libya names new state oil chief

Libya’s government replaced the head of the key National Oil Corporation on Thursday in a dramatic move that prompted the United States to warn against any “armed confrontation” over the sector. The North African country’s vast oil reserves have often been at the heart of political disputes, but the NOC had largely stayed neutral despite years of division since the… Read More
Africa Business South Africa Southern Africa World 

South Africa’s recovery is on its way but downside risks remain

– – Following a robust recovery in 2021 after the Covid-19 pandemic (+4.9 percent), the GDP of South Africa is anticipated to continue expanding over the next two years, but at a slower pace. Analysts are expecting growth to increase by 1.8 percent in 2022, and by 1.3 percent in 2023 according to the latest OECD forecasts. But the South… Read More
Africa Investments 

Cabo Verde: Cabo Verde Prime Minister, African Development Bank head affirm commitment to strengthen island nation’s economy from exogenous shocks

The African Development Bank Group President Dr Akinwumi Adesina has met with Cabo Verde Prime Minister José Ulisses de Pina Correia e Silva on an official visit to the institution’s headquarters in Abidjan. The two discussed the economic situation of Cabo Verde and emphasized the need to strengthen the country’s emergence in the face of exogenous shocks such as the… Read More
Africa 

DRC: Drivers in Kinshasa reward honest police officers

At dawn, in a working-class neighbourhood of Kinshasa, a driver stops and hands a handful of small bills to the traffic warden. The scene is common in the buzzing capital of the Democratic Republic of Congo (DRC), where police officers frequently shake down citizens to supplement their meagre salaries. Unlike some of her less scrupulous colleagues, Cécile Bakindo did not… Read More
Africa Business World 

Understanding currency pair sentiment

– – An important aspect of any profitable approach for trading foreign exchange is having an understanding of the impact that sentiment has on the values of currency pairs. If you are able to understand these sentiments through the quantified tools and resources that are available to forex traders, then you will be able leverage this sentiment in a timely… Read More
Africa Ivory Coast Mali West Africa World 

Mali suspends all new UN peacekeeping missions

– – Mali’s military-led government has announced it is suspending all new troop rotations by U.N. peacekeeping mission MINUSMA temporarily. The announcement on Thursday comes days after Malian forces arrested 49 soldiers from Ivory Coast who had arrived in country for the MINUSMA operations. Mali said the soldiers entered the country without permission, but Ivory Coast said the Malian authorities… Read More
Africa Investments 

African Development Bank Group President Akinwumi Adesina visits Morocco

The President of the African Development Bank Group, Dr. Akinwumi A. Adesina, will travel to Marrakesh on Monday, 18 July 2022, for a four-day visit. “Morocco is a source of inspiration; a country that demonstrates that, with ambition, will, and resources, transformation can become a reality,” said Dr. Adesina. “The Kingdom is our premier partner, with a large portfolio of… Read More
Africa Investments 

La Tunisie lance, avec le soutien de la Banque africaine de développement, une nouvelle stratégie d’industrialisation et d'innovation

La cheffe du gouvernement tunisien, Najla Bouden Ramadan, a lancé, le 6 juillet à Tunis, une nouvelle Stratégie pour l’industrialisation et l’innovation qui, à l’horizon 2035, contribuera à créer 840 000 emplois industriels et à porter la valeur des exportations à 36 milliards de dinars tunisiens.   Portée par le ministère tunisien de l’Industrie, des Mines et de l’Énergie, l’élaboration… Read More
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