Africa 

Kenya: Lawmakers passes budget, biggest in country’s history

Parliamentarians in Kenya have passed the budget estimates for the Financial Year 2023/24 ahead of Friday’s reading of President William Ruto’s first budget since he won the presidency last year. This year’s budget, which is the biggest in Kenya’s history will hit Sh3.679 trillion budget (24billion euros) if redemptions and appropriations-in-aid are factored, indicating the increasing pain of debt repayments.… Read More
Africa 

Nigeria lets market set currency exchange rate to stabilize economy, woo investors

Nigeria´s central bank has ended its distorted foreign exchange rate, a move the new government in Africa´s biggest economy hopes will help woo investors and stabilize the local currency. The announcement Wednesday from the Central Bank of Nigeria led to a record fall in the value of the naira currency to 755 per U.S. dollar. It has since recovered some.… Read More
Africa 

South Africa’s Ramaphosa headed to Ukraine, Russia for peace mission

South Africa’s presidency said Thursday (June 15) that President Cyril Ramaphosa had today, travelled to Poland, en route to Ukraine and the Russian Federation as part of his participation in the African Peace Mission aimed at a peaceful resolution of the conflict between Ukraine and Russia. On Thursday afternoon he visited the Polish capital to pay a courtesy call on… Read More
Africa 

2023 AFCON qualifier: Algeria’s new call-ups eye win against Uganda on Sunday

AS Roma winger Houssem Aouar with Algeria’s new call-ups are getting ready for Sunday’s AFCON qualifier against Uganda. New additions to the team include Himad Abdeli, of Angers SCO, Oussama Benbot, Zineddine Belaid, Haithem Loucif and Aymen Mahious, all USMA players. The Desert foxes trained Tuesday (June 13) at the Algerian football Federation National Technical Centre. “I am very happy… Read More
Africa 

VivaTech forum: Africa at the heart of the digital revolution

The latest edition of Vivatech, Paris’ largest tech show, kicked off in France for the 7th year in a row. From June 14th to 17th, over 2,500 exhibitors will showcase their latest innovation aimed at shaping tomorrow’s world. Vivatech has become a not-to-be-missed event for the many African startups which made the trip. Hence the need for them to collaborate,… Read More
Africa 

DR Congo: Armed group attacks displace nearly 1 million since January

An estimated 6.1 million are internally displaced, a 17 per cent increase from October, according to its Displacement Tracking Matrix. IOM said civilians have been killed or forced to flee their homes due to a surge in violence and attacks by armed groups. Deadly attack, intolerable dangers At least 46 people were killed in the latest incident which occurred at… Read More
Africa Investments 

Summit for a New Global Financing Pact: African Development Bank President Adesina to Lead Roundtable on Alliance for Green Infrastructure in Africa

Summit for a New Global Financing Pact: African Development Bank President Adesina to Lead Roundtable on Alliance for Green Infrastructure in Africa | African Development Bank – Building today, a better Africa tomorrow /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie9- /sites/default/files/advagg_js/js__2nu-f_-MK33dRIQaWIdLP84wUiGzIZwBgGaMto4f2kY__2pkqXjBO9pMF06nUvX11DkMECNCM7M-5Qm_bWm0bC9k__IeYgW2ZnliT9LFrgfNYwPt5FQPaBOClcZZeRCrpYkxI.js#ie10+ <!– //–><!—-> African Development Bank Group Read More
Africa 

Can the digital economy ease debt burden for African countries? [Business Africa]

Fintech companies are leveraging digital technology to address challenges in healthcare, agriculture, and e-commerce. Many countries in Africa are looking for means to grow their economies to beat the pandemic-era downturn and debt vulnerability. Sopnendu Mohanty, chairman of the Board, Elevandi and the chief FinTech officer, at Monetary Authority of Singapore, joined us in studio to share his thoughts on the South-South… Read More
Africa 

An African mediation mission will visit Russia and Ukraine

African leaders seeking to help bring an end to the war agreed on Monday to a mediation mission to Russia and Ukraine in mid-June, the South African presidency announced on Tuesday. Last month, South African President Cyril Ramaphosa had indicated that his Russian and Ukrainian counterparts, Vladimir Putin and Volodymyr Zelensky, had agreed to host this peace mission made up… Read More
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