Africa Investments 

African Development Bank debars Goldsun Investments Company Limited for 24 months for Fraudulent Practices

The African Development Bank Group, on 9 May 2023, announces a 24-month debarment of Goldsun Investments Company Ltd. with effect from 31 January 2023. Goldsun Investments Company Ltd. is a limited liability company registered in the Republic of Kenya. An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that Goldsun Investments Company Ltd. engaged in fraudulent practices… Read More
Africa 

Southern African troops to deploy against rebels in east DRCongo

Southern African countries on Monday agreed to deploy forces to help quell violence in the eastern Democratic Republic of Congo, where armed groups have terrorised civilians for decades. A special summit of the 16-bloc Southern African Development Community, which includes South Africa, Angola and Tanzania, backed the deployment “to restore peace and security in eastern DRC”, SADC said in a… Read More
Africa 

Zimbabwe: discovery of a hydrocarbon deposit

The Australian oil company Invictus Energy announced Monday the discovery of a hydrocarbon deposit in the north of Zimbabwe, a country which suffers from massive energy cuts. Analysis of the samples confirms the presence of petroleum, helium and “high quality” natural gas, the company said. The Australian company has reassessed the data from a study carried out in the 1990s… Read More
Africa 

Turnout at SA Air Force Museum show surpasses record since inception

An estimated 60 000-strong crowd attended the first SA Air Force Museum show at Zwartkops after Covid-19 lockdown at the weekend. And when it was all said and done, officials and revellers alike agreed that bringing air excellence and the opportunity to get out and socialise was the best combination. The extravaganza on Saturday themed Breaking New Frontiers saw more… Read More
Africa 

Soweto Fashion Week ends with a celebration of South African design

The 12th edition of the Soweto Fashion Week concluded on Sunday with a celebration of South African design. For three days the Soweto Theatre in Jabulani served as a platform for local designers to meet and connect with potential clients. The event was also attended by high-profile guests from the entertainment industry and those in the political sector. Since it… Read More
Africa 

Sudan crisis: Guterres condemns looting of main WFP compound in Khartoum

In a statement issued by his Spokesperson, António Guterres noted that “most, if not all, United Nations agencies and our humanitarian partners, have been impacted by large-scale looting”, since the military power struggle between the national army and rival RSF militia began, which fighting now entering a fourth week. Speaking to journalists at the daily UN briefing on Monday, Deputy Spokesperson Farhan Haq, said… Read More
Africa Investments 

Côte d’Ivoire: Viviane, a young graduate swearing by agriculture to achieve her dreams

Viviane Kakou, who has a master’s degree in geography, didn’t want to spend her career in an office. She chose agriculture out of passion. Thanks to the African Development Bank, her dream of becoming an agricultural entrepreneur is taking shape.  “When I was studying for my degree,” she explains, “I was working on the rural economy among women in Afféry,… Read More
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