President Mokgweetsi Masisi of Botswana, right, served as speaker during a discussion of technology and digital services as part of Wednesday’s opening sessions of the U.S.-Africa Business Summit 2022 in Morocco. Masisi said he welcomed the opportunity to promote African economic development and opportunity, while making a specific case for…
Ghanaian politicians took to the airwaves on Monday, defending their decision to work toward an International Monetary Fund financing deal in order to pull out a country mired in economic crisis. “Times are hard globally and locally too,” said information minister Kojo Oppong Nkrumah, in one of several media interviews…
Another €600 million is headed to African nations as well as other parts of the world, after the European Commission approved additional food security aid it says is needed because of the Russia-Ukraine conflict. The humanitarian assistance will come from the reserves of the European Development Fund, according to Ursula…
Civil society organizations in Ghana are stepping up their opposition to the Agyapa Royalties deal advanced by President Nana Akufo-Addo, which would set up an offshore company in the Channel Island tax haven of Jersey. The deal, approved by parliament in 2018, was established by the Minerals Income Investment Fund…
Two members of the Gupta family, wanted in South Africa in connection with a years-long “state capture” corruption investigation involving multiple entities and officials, have been taken into custody in the United Arab Emirates (UAE). The arrest of Rajesh and Atul Gupta was confirmed late Monday by the Ministry of…
Officials in the United States say they’ve completed the forfeiture process on an estimated US$3.5 million in property held by former Gambian leader Yahya Jammeh, and now will move forward in returning the value of those assets to the Gambian nation. The final judgment on property Jammeh owned in suburban…
President Alassane Ouattara of Côte d’Ivoire has announced US$2.3 billion in funding for the Abidjan Initiative, a five-year plan to combat land degradation and deforestation in the West African nation. Ouattara presented the launch of the program during opening remarks at the 15th Conference of the Parties to the Convention…
The economic recovery that has followed COVID pandemic impacts in sub-Saharan Africa has been disrupted by the impacts of war in Ukraine, with the International Monetary Fund (IMF) now trimming back its 2022 projected growth estimates to a slower 3.8%. “The Russian invasion of Ukraine has triggered a sharp rise…
The Central African Republic has become the first nation in Africa to adopt Bitcoin as an official currency, saying the move will put the C.A.R. “on the map of the most courageous and visionary countries in the world.” President Faustin-Archange Touadéra announced the decision in a statement, welcoming the news…
President Dénis Sassou N’Guesso of the Republic of Congo was in Italy on Thursday to discuss partnership on energy between the two nations, one that centers on a new deal supported by oil major Eni to increase the supply of gas from the African nation. “The Italian government is pushing…
British Home Secretary Priti Patel continued to defend the United Kingdom’s decision to send immigrants to Rwanda, a deal that’s come under deep criticism for essentially outsourcing its responsibilities to asylum seekers. “The UK-Rwanda partnership is the type of international cooperation needed to make the global immigration system fairer, keep…
The southern African nation of Mozambique is set to receive US$470 million over the next three years, as part of a financing package agreed to by the International Monetary Fund (IMF) this week. The new IMF deal, under its Extended Credit Facility program, marks the first time the IMF has…
The United States has imposed new sanctions on six people linked to Boko Haram who were working to establish a cell of the Nigerian extremist group in the United Arab Emirates (UAE). The six – Abdurrahman Ado Musa, Salihu Yusuf Adamu, Bashir Ali Yusuf, Muhammed Ibrahim Isa, Ibrahim Ali Alhassan,…
Ethiopia declared a truce in the Tigray region fighting on Thursday, citing the need for humanitarian aid that the government has long been accused of preventing or withholding. “Thousands from the Tigray region are trekking into neighboring regions in search of assistance,” said the Ethiopian statement. “The government believes that…
Google’s Equiano undersea cable project is about to make its landing in Togo, bringing some 37,000 new jobs with it by 2025, according to a statement released by the West African nation on Friday. “As its first landing in Africa, the subsea cable will have a direct impact on internet…