Africa 

DR Congo: 10 killed in Beni North Kivu Massacre attributed to ADF

Ten people were killed on Wednesday night in the Rwangoma neighbourhood southeast of Beni, North Kivu province in the eastern Democratic Republic of Congo. The Congolese army said the killing occurred in an attack by the Allied Democratic Forces, an armed group believed by some — as per United States’ intel, to be affiliated with the jihadist Islamic State organisation.… Read More
Africa 

Nigeria: Parliament passes overdue petroleum sector-reforming bill

Nigeria’s oil sector reform bill, expected since 2008, was finally passed by parliament on Thursday, a “historic moment” for Africa’s top oil producer which has seen this natural resource exploited by foreign companies without any benefit to the local communities or maximizing its own revenues. Parliament voted to approve the long-delayed oil and gas law that aims to attract new… Read More
Africa 

Bridging the credit gap for SME growth in Africa [Business Africa]

Small and Medium Scale Enterprises comprise the majority of businesses globally, the World Bank says. They account for around 90% of businesses and over 50% of employment globally. SMEs play crucial roles in job creation and global economic development. However, the lender notes that access to finance is a key constraint for growth of SMEs. Lack of access to financing… Read More
Africa 

Mixed feelings over French Barkhane force exit from Africa’s Sahel

Although France officially declared the end of the military presence of its seven-year Barkhane operation in Africa’s Sahel region — decreasing its over 5,000 troops in the coming months, it appears that its forces are still being confronted by further Islamist extremist threats. The same violence linked to al-Qaida and the Islamic State in the Sahel that saw the international… Read More
Africa 

Delta variant drives Africa COVID threat to ‘whole new level´: WHO warns; ‘dominant’ in Europe by August

Along with Alpha and Beta, Delta is fuelling an aggressive third wave across Africa, with case numbers climbing faster than all earlier peaks, according to the World Health Organization (WHO).  WHO experts warned on Thursday that the numbers have increased for six consecutive weeks, up by 25% last week, reaching 202,000 positive cases. Deaths also rose by 15% across 38… Read More
Africa Investments 

African Development Bank’s Affirmative Finance Action for Women in Africa program showcased at Generation Equality Forum

The African Development Bank Group President, Dr. Akinwumi A. Adesina, joined French President Emmanuel Macron and others at the Generation Equality Forum in Paris, where he highlighted the role of the Bank’s Affirmative Finance Action for Women in Africa (AFAWA) initiative in growing the continent’s women-led businesses. “Women run Africa and they should run Africa…they create more businesses than men… Read More
Africa 

CONGO: World Bank grants $12.5M towards COVID-19 vaccination efforts

The World Bank has approved that 12.5 million US dollars be granted to the Republic of Congo in order to acquire COVID-19 vaccines and reinforce the awareness of the benefits of its vaccination campaign. Good news for the central African nation whose coronavirus epicentre is in Pointe Noire, as its vaccine rollout had been hindered by a lack of second… Read More
Africa 

‘It takes two to Tango’: Ethiopia calls on Tigray rebels to adhere to ceasefire

Ethiopia seems to be downplaying its loss of the Tigrayan capital of Mekele to rebel forces. On Thursday, its foreign ministry spokesperson, called on rebel forces in the war-hit Tigray region to adhere to a unilateral ceasefire. Dina Mufti said the ceasefire ‘’needs two to tango’’. “The cessation of hostilities was taken unilaterally from our side. However, to implement this… Read More
Africa East Africa World 

Ugandans paying new tax for using the internet

– – Ugandans are now paying a new tax rate for using the internet as the government rolls out a 12% excise duty on mobile data. The new tax regime covering data usage popular referred to as ”social media tax” took effect from Thursday. When news first broke about this social media tax, it sparked protests in Uganda in 2018.… Read More
Investments Malawi 

7 Reasons why FxPro is considered as one of the best Forex Brokers in Malawi

FxPro Overview FxPro is a UK-based No Dealing Desk, or more commonly known as NDD, broker that has been in operation since 2006. FxPro offers its services in more than 170 countries. FxPro is a trusted, well-regulated broker that has transparent fees and charges in addition to the highest standards pertaining to client funds in addition to having won over… Read More
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