Africa 

Libyans protest power cuts, high prices as political crisis takes toll

Libyans erupted in anger in Tripoli on Sunday night to protest against the deterioration of living conditions in Libya, symbolized by chronic power cuts. Scattered gatherings took place in several districts of the capital, according to a journalist from AFP. Young people, mostly hooded, burned tires and closed several roads, including the ring road of the capital and the coastal… Read More
Africa 

Somalia authorizes first foreign banks in decades

Somalia announced Sunday that it has granted banking licenses to two foreign institutions, opening the country to international investment for the first time in decades. The Egyptian bank Banque Misr and the Turkish bank Ziraat Katilim thus become the first foreign banks to be allowed to operate in Somalia, the Somali Central Bank said in a statement. “The review of… Read More
Africa 

Egypt: Suez Canal announces record $7bn profit in 2021-2022

The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) for the 2021-2022 fiscal year, after repeatedly raising transit fees for ships through the crucial passage for world trade. Between July 2021 and June 2022, some 1.32 billion tonnes of cargo transited through the canal, providing a $7 billion rent in transit fees, the… Read More
Africa 

Egypt: First electrified light rail transit system begins operations

Egypt’s first electrified light rail transit (LRT) system jointly built by Chinese and Egyptian companies started its trial run on Sunday.  Egyptian President Abdel-Fattah al-Sisi took the first ride on the LRT at its inauguration ceremony, which was also attended by Egyptian Prime Minister Mostafa Madbouly and Chinese Ambassador to Egypt Liao Liqiang. The LRT project is the fruit of… Read More
Africa Investments 

Africa Energy Forum 2022: African Development Bank, Private Infrastructure Development Group, deepen cooperation on Desert to Power

A financing facility associated with the African Development Bank’s Desert to Power Initiative was featured at a side event held on the margins of the just-ended Africa Energy Forum in Brussels, Belgium. The event, dubbed “Accelerating private sector investments in the G5 Sahel – leveraging the Desert to Power Financing Facility,” was held on 23 June, to engage the private… Read More
Africa 

Congo and Rwanda to meet for talks amid tensions over rebels

Democratic Republic of Congo’s President Felix Tshisekedi will meet his Rwandan counterpart Paul Kagame for talks in Angola this week, officials said on Monday, June 4. It is not clear what the subject of the meeting is, but it is expected that this would be an opportunity to discuss current diplomatic issues between both countries. There has been a surge… Read More
Africa 

Racers aim to be a cut above the rest at annual lawnmower championships

Last updated: 12 minutes ago Ready, set, mow… the annual lawnmowers World Championships took place in Heddington, Wiltshire over the 2nd and 3rd July. Undaunted by a schedule clash that saw the race go up against the F1 British Grand Prix from Silverstone, organiser Ian Radcliff believes that this sport could be even more competitive. The Ferraris and McLarens might… Read More
Africa Nigeria News and Headlines West Africa World 

Nigerian police probes heroin in baby food

– – Police in Nigeria have intercepted packs of baby food laced with heroin. The baby food items were intercepted at the main airport in Lagos. Three suspects have been arrested in connection with the smuggling of 23kg of the drug on a South African Airways from Johannesburg. The National Drug Law Enforcement Agency has begun investigations into the incident.… Read More
Africa Investments 

Invest more in Africa—Akinwumi Adesina urges keen Irish business community

Since joining the African Development Bank Group as its 81st shareholder in 2020, Ireland has shown steadily increasing interest in strengthening its economic ties with Africa. That mission received a strong boost last week at the 7th Africa Ireland Economic Forum in Dublin, as African Development Bank Group President Dr. Akinwumi Adesina enjoined the Irish business community to invest more in… Read More
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