Africa 

Uganda’s health ministry assures Ebola virus outbreak under control

Uganda has reported 14 confirmed cases of Ebola in the greater Kampala region, the country’s health minister said Monday but sought to assure anxious residents that the situation in the capital was under control. So far, the death toll across the country from the Ebola epidemic declared in late September has climbed to 44, according to World Health Organisation figures… Read More
Africa 

Risk of over-borrowing by African governments (Business Africa)

The average inflation rate in Africa is expected to reach 13.5 % this year while 20 countries are on the verge of excessive debt. Is it still possible to avoid the stagnation of our economies? In Nigeria, the business climate is gloomy and uncertain. From a lack of reforms to limited infrastructure, obstacles to growth are numerous/ companies are calling… Read More
Africa 

South Africa: Ramaphosa condemns US security alert warning of attack in Johannesburg

South Africa’s President Cyril Ramaphosa on Thursday regretted as “unfortunate” the US embassy’s issuing of a warning of a possible weekend “terrorist” attack in the country without consulting his government. The US embassy on Wednesday posted the alert on its website and identified the potential target as Sandton, a suburb in the country’s financial hub of Johannesburg. Sandton, a collection… Read More
Africa 

DRC: Kidnappers demand millions to release stolen chimps

Three baby chimpanzees were kidnapped from a refuge in DR Congo nearly a month ago. Five alleged accomplices are in prison. But the kidnappers continue to demand a hefty ransom to free the little primates. “The kidnappers are demanding a six-figure sum to return the baby chimpanzees. This is crazy! We don’t have that amount of money, negotiations are ongoing… Read More
Africa 

Western Sahara: Security Council urges resumption of talks

The UN Security Council on Thursday called on the “parties” to the Western Sahara conflict to “resume negotiations” to allow for a “lasting and mutually acceptable” solution, renewing for one year the UN mission in the region. The United States, which drafted the text of the resolution, regretted the lack of unanimity in this vote, which received 13 votes in… Read More
Africa 

Sudanese protesters rallying in central Khartoum call on UN to end tribal conflicts

Around 150 Sudanese protesters rallied Thursday in front of the United Nations headquarters in Khartoum to denounce ethnic clashes that have killed more than 200 people this month in Blue Nile state. Demonstrators held banners reading “No to deaths”, “We want to live in peace”, demanding an end to the violence that erupted in early October over reported land disputes… Read More
Africa 

Kenya’s new cabinet sworn in two months after vote

Kenyan President William Ruto’s cabinet was sworn in on Thursday, two months after he narrowly won a bitterly-fought but largely peaceful election. The 22-member line-up will be tasked with tackling the cost of living crisis and other economic issues in the East African country, the cornerstone of Ruto’s election campaign manifesto. “You will have my support because you have no… Read More
Africa Investments 

African Development Bank launches USD 2 billion 5-year 4.375% Global Benchmark due 3 November 2027

On Wednesday 26 October 2022, the African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s / S&P / Fitch / Japan Credit Rating, all stable), launched and priced a new USD 2 billion 5-year Global Benchmark due 3 November 2027. This transaction marks the Bank’s second USD Global Benchmark in 2022 following the 3-year USD 1 billion benchmark issued in June, and its… Read More
Africa Investments 

Africa Investment Forum: Harnessing Guarantees and Insurance to Close the Continental Financing Gap – The Africa Co-Guarantee Platform Leads the Way

Africa has long suffered from a risk perception gap – one of the main factors contributing to the continent’s estimated $200 billion trade and investment financing gap. More recently, the world has been hit with the Covid-19 pandemic, the war in Ukraine and the resultant global food and energy instability, coupled with soaring interest rates and debt sustainability tensions for… Read More
Africa 

Ghana, Ivory Coast boycott cocoa meeting in Brussels over farmers’ pay

The world’s top cocoa producers, Ghana and Ivory Coast, are boycotting meetings in Brussels of the World Cocoa Foundation on cocoa sustainability this Wednesday and Thursday (October 26 and 27). Authorities in the two West African countries accuse multinational chocolate companies and traders of blocking measures to improve cocoa farmers’ incomes. Ghana and Ivory coast’s grievances concern the Living Income… Read More
Social media & sharing icons powered by UltimatelySocial