Africa 

Ghana to swap local debt in fight to regain economic stability

Ghana asked investors to exchange around $9 billion in domestic debt for new bonds on Monday (Dec.5) to ease a crunch in payments as the government negotiates an IMF bailout during its worse economic crisis in decades. Finance Minister Kenneth Ofori-Atta said the debt exchange starting Monday would seek to exchange around 137 billion cedis or $9.7 billion in current… Read More
Africa 

This is why Tanzania has cancelled Independence Day celebrations

Tanzania’s president, Samia Suluhu Hassan, has cancelled Independence Day celebrations scheduled for Friday, November 9 and has directed that the budget instead be used to build dormitories for children with special needs. The 61st Independence Day event was to cost $445,000, but the money will be used to build eight dormitories in primary schools around the country. Tanzania’s minister of… Read More
Africa 

S.Africa’s Ramaphosa files suit over damning report

South Africa’s president Cyril Ramaphosa has taken a case to the Constitutional Court to overturn a parliamentary report accusing him of a corruption scandal whose findings have paved the way for impeachment proceedings against him. In a document submitted to the supreme court, a copy of which was obtained by AFP on Monday, the head of state demanded that the… Read More
Africa 

Growth of 5.7% in West African Economic and Monetary Union in 2022

The growth rate within the countries of the West African Economic and Monetary Union (WAEMU), amounted to 5.7% in 2022, down 0.4% compared to 2021, announced Monday the leaders of this organization meeting in Abidjan. The eight member countries of UEMOA (Senegal, Guinea Bissau, Ivory Coast, Togo, Benin, Mali, Niger and Burkina Faso) have not been spared by “the deep… Read More
Africa 

South Africa: Parliament postpones vote on Ramaphosa impeachment

South Africa’s parliament decided Monday night to postpone by a week a long-awaited vote on whether to launch impeachment proceedings against President Cyril Ramaphosa, at the heart of a corruption scandal, the speaker of the assembly announced. The vote was originally scheduled for Tuesday, but “we have all agreed on December 13,” said Nosiviwe Noluthando Mapisa-Nqakula, justifying… Read More
Africa 

South Africa’s ANC to vote against impeachment of president Ramaphosa

South Africa’s ruling party on Monday gave its full support to President Cyril Ramaphosa in the wake of a scandal, announcing that its members in parliament, where they have a majority, would vote against impeachment proceedings. The party’s top National Executive Committee (NEC) “has decided that it will vote against the adoption of the parliamentary report” which has indicted the… Read More
Africa 

Nigeria: Abuja-Kaduna train service resumes after deadly attack

Rail service in Nigeria’s capital city resumed on Monday (Dec. 5), eight months after assailants attacked a train with explosives and gunfire, killing seven people and abducting dozens of passengers. Only a handful of passengers and armed security personnel were aboard the first trip from Abuja to neighboring Kaduna state. “Coming early this morning, I actually want to observe what… Read More
Africa 

South Africa: Ramaphosa arrives at ANC emergency meeting that could seal his fate

Cyril Ramaphosa may have insisted over the weekend he will not resign, but the South African president still faces a parliamentary vote Tuesday that could lead to his impeachment. The ruling African National Congress (ANC) will meet Monday to discuss Ramaphosa’s fate after a parliamentary panel’s report last week said he might have acted illegally in covering up a burglary… Read More
Africa 

Burkina: Six civilians killed in attack near Ghana and Togo

Six civilians, including four teachers, were killed Sunday in an attack by suspected jihadists in Bittou, a town in Burkina Faso near the Ghana-Togo border, security and local sources said on Monday (November 5). A group of armed men burst into a neighbourhood in Bittou late Sunday afternoon and opened fire on a group of workers, killing six people, a… Read More
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