Uganda Named Top Investment Destination in Africa, Wins Award at Abu Dhabi Investment Meeting
At the Annual Investment Meeting (AIM) in Abu Dhabi, Uganda was awarded the top investment destination in Africa, attracting over…
Category: Africa
AU Calls for $15 Billion Investment to Boost Local Fertilizer Manufacturing
The African Union (AU) has highlighted the need for a $15 billion private sector investment to enhance local manufacturing of…
Aliko Dangote Foundation and WEF Announce 2024 Young Global Leaders Fellows
The Aliko Dangote Foundation (ADF) and the World Economic Forum (WEF) have unveiled the gifted individuals selected for the prestigious…
ECOWAS Agrees to Establish $2.4 Billion Counter-Terrorism Force
The Economic Community of West African States (ECOWAS) has announced plans to establish a standby counter-terrorism force with a budget…
FBNBank Ghana changes to FirstBank Ghana to align with group identity
FBNBank Ghana has announced its name change to FirstBank Ghana, aligning with the identity, values, and vision of the FirstBank…
GoSolr to enhance solar-generation capacity in South Africa
GoSolr, a South African company, plans to increase its solar-generation capacity to 500 megawatts in the next four years, up…
DRC President praises Russia and China for transparent partnerships
Democratic Republic of Congo (DRC) President Felix Tshisekedi has lauded Russia and China for their transparent and straightforward partnerships with…
Tanzania, Kenya resolve poultry export dispute- EAC
Tanzania and Kenya have finally resolved a trade dispute regarding the export of poultry and poultry products between the two…
ECOWAS warns West African countries against being proxy frontiers of foreign powers
The Economic Community of West African States (ECOWAS) Council of the Wise, chaired by former Nigerian president Goodluck Jonathan, has…
Huawei unveils vision for tech growth in Africa
Huawei has showcased its latest advancements towards ushering in the intelligent era with the theme “Unleash Data Power Towards the…
Sub-Saharan Africa incomes falling further behind rest of world, says IMF
The International Monetary Fund (IMF) has highlighted that incomes in Sub-Saharan Africa are falling further behind the rest of the…
Risk sensitive South African rand weakens as geopolitical tensions bite
South Africa’s rand experienced volatility in early Friday trading following reports of an Israeli attack on Iran, which dampened risk…
IMF: South Africa needs decisive efforts to cut spending
A senior official from the International Monetary Fund (IMF) has highlighted the urgent need for South Africa to take decisive…
African airlines lead global air cargo demand growth in Feb. 2024
A new report by the International Air Transport Association (IATA) has revealed that African airlines experienced a remarkable 22% year-on-year…
Gabon launches national dialogue for democratic revitalization
Gabon has embarked on a historic national dialogue led by President Felix Tshisekedi, marking a significant departure from the 54-year…
South Africa’s producer inflation slows to 4.5%
Statistics South Africa reported that South Africa’s producer inflation rate eased to 4.5% year-on-year in February, down from 4.7% in…
UAE’s IRH plans bid for stake in Zambia’s Lubambe copper mine
In the fourth quarter of 2023, South Africa experienced a decrease in foreign direct investment (FDI) inflows, with 16.2 billion…
Kenya resolves its oil importation row with Uganda – report
Kenya’s Energy Minister, Davis Chirchir, has announced that Kenya will permit Uganda’s state oil firm, UNOC (Uganda National Oil Company),…
Southern Africa faces food crisis due to Drought
The United States Agency for International Development (USAID) has highlighted a dire situation in southern Africa, with over 20 million…
Kenyan villagers build sand dams for water security
In Makueni, Kenya, residents of Kasengela village are taking matters into their own hands to secure water sources by constructing…
Sudan’s Bashir moved to ‘secure military site’ – lawyer
Former Sudanese president Omar al-Bashir, represented by his lawyer Mohamed al-Hassan al-Amin, has been relocated from a hospital, where he…
Suspected poachers killed in gunfire with Zimbabwe rangers
In a shootout near the Kazungula border post in Matabeleland North province, Zimbabwe rangers have fatally shot two suspected poachers.…
Senegal President: “I did nothing wrong”
Senegal’s President Macky Sall has defended his decision to attempt to postpone elections, which triggered deadly protests in the country…
South Africa: boat captain missing, search begins
South African authorities are intensifying efforts to locate missing charter boat captain John Matambu after his vessel, the Magnum Too,…
Gambia: Delay on female genital cutting ban repeal
Lawmakers in Gambia have deferred a decision on the attempted repeal of the 2015 ban on female genital cutting, referring…
EU pledges billions of euros for Egypt as it seeks to curb migration
The European Union revealed a €7.4 billion funding package and an upgraded relationship with Egypt on Sunday, aiming to address…
Children rescued as Zimbabwe police unearth cult graves
Police in Zimbabwe have apprehended the suspected leader of a religious cult, Ishmael Chokurongerwa, along with seven senior members, in…
South African Airways’ privatisation deal collapses
South Africa has terminated a deal to sell a majority stake in its national airline, South African Airways (SAA), to…
Paris Club creditors cancel $2bn of Somali debt
Several countries, including members of the Paris Club such as the US, Japan, and Russia, have agreed to cancel more…
Alarm as conjunctivitis outbreak hits Ugandan schools
Authorities in Kampala, Uganda, have declared an outbreak of conjunctivitis, a highly contagious eye infection, spreading across the city and…