Morocco hosts 400 leaders at China Africa Investment Forum

Morocco hosts 400 leaders at China Africa Investment Forum

Hundreds of African government and business leaders are joining their Chinese counterparts in Morocco as the country hosts the China Africa Investment Forum. They were welcomed by Moulay Hafid Elalamy, Morocco’s trade minister, with a number of high-level leaders on hand for panel discussions. Monday’s CAIF sessions focused on China’s…

AfDB denies reports it has cut off $400 million loan to Nigeria

The African Development Bank (AfDB) said Tuesday that it has not decided to call off loans to Nigeria, countering widespread media reports that the support for the West African nation’s ailing economy was withdrawn. “The African Development Bank is highly encouraged by the economic recovery of Nigeria from recession and…

Nigeria’s Buhari heads to Niamey for ECOWAS currency meeting

President Muhammadu Buhari of Nigeria is headed for Niger to discuss progress on a long-awaited common currency for the region’s West African Monetary Zone (WAMZ). Buhari, along with Minister of Finance Kemi Adeosun and Nigerian Central Bank head Godwin Emefiele, leave Tuesday for Niamey along with other common currency task…

Madagascar: No end in sight as vanilla prices head higher still

Madagascar’s recovery from tropical cyclone Enawo continues, but there’s one consequence of the March 2017 storm that shows no signs of improving soon, and that’s the price of vanilla. The already sky-high prices are expected to rise again, according to Georges Geeraerts, head of the Madagascar Group of Vanilla Exporters…

Global Witness report exposes diamond wealth among Zimbabwe elites

A report from the Global Witness organization finds that Zimbabwe’s military and intelligence personnel, along with political elites, are siphoning off the country’s diamond wealth and hiding it from a nation where three-fourths of the people live in poverty. The new “An Inside Job” report looked at five mining companies…