Africa Archives - Page 50 of 66

Bank of Kigali Unveils Comprehensive Financial Product to Empower Women in Business

Eniola OladeleOctober 4, 2024

by Eniola OladeleOctober 4, 20240177

Kigali, Rwanda In a groundbreaking move aimed at promoting gender equality and boosting women entrepreneurship, the Bank of Kigali has launched a specialized financial product...

At Least 78 People Killed After Boat Capsizes in Democratic Republic of Congo

Eniola OladeleOctober 4, 2024

by Eniola OladeleOctober 4, 20240162

Kinshasa, Democratic Republic of Congo (DRC) A devastating tragedy unfolded in the Democratic Republic of Congo (DRC) after a boat carrying passengers and goods capsized...

Africa POLITICS

Kenya Seeks IMF Review on Corruption Amid Western Pressure

Eniola OladeleOctober 4, 2024

by Eniola OladeleOctober 4, 20240162

Kenya’s government has asked the International Monetary Fund to conduct an official assessment of corruption and governance issues, the IMF told Reuters, after a push...

Africa BUSINESS

Angola Oil & Gas 2024: Opening Remarks Highlight Future Energy Opportunities Amid Global Shifts

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240236

Luanda, Angola The Angola Oil & Gas 2024 conference kicked off with high expectations, with opening remarks emphasizing the country’s strategic role in the future...

Africa BUSINESS

South African Rand Seesaws Against Buoyant Dollar Amid Global Market Volatility

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240141

Johannesburg, South Africa The South African rand continues to experience fluctuations against the strengthening US dollar, reflecting the ongoing volatility in global financial markets. The...

Africa ECONOMY

Zimbabwe’s President Vows Swift Action to Halt Currency Slide Amid Economic Strain

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240169

Harare, Zimbabwe Zimbabwe’s President, Emmerson Mnangagwa, has promised to take decisive measures to halt the ongoing depreciation of the Zimbabwean dollar, which has been plaguing...

Africa ECONOMY

Ethiopia’s Bondholders Reject $1 Billion Bond Restructuring Proposal, Urging for Better Terms

Eniola OladeleOctober 3, 2024October 3, 2024

by Eniola OladeleOctober 3, 2024October 3, 20240142

Addis Ababa, Ethiopia Ethiopia’s $1 billion bond restructuring plans have hit a major setback as bondholders rejected the government’s proposed outline, demanding more favorable terms...

Africa International News

Aid Ship from Türkiye and Kuwait Arrives in Conflict-Torn Sudan to Deliver Critical Relief

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240153

A humanitarian aid ship from Türkiye and Kuwait has arrived in conflict-stricken Sudan, carrying much-needed supplies to help ease the suffering of civilians caught in...

Africa ECONOMY

Ethiopia’s Central Bank Grants Operational Licenses to Five Non-Bank Forex Bureaus

Eniola OladeleOctober 3, 2024October 3, 2024

by Eniola OladeleOctober 3, 2024October 3, 20240159

In a move aimed at improving foreign exchange accessibility, Ethiopia’s Central Bank has granted operational licenses to five non-bank foreign exchange (forex) bureaus. This decision...

Africa Health

Tragic Fire Incident Claims Life of 2-Year-Old Boy in Kamukunji, Nairobi

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240160

A devastating fire incident in Kamukunji, Nairobi, has tragically claimed the life of a 2-year-old boy, sending shockwaves through the local community. The incident, which...

Africa International News

US Imposes Travel Ban on Four Senior Ugandan Police Officials Over Human Rights Violations

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240157

In a significant diplomatic move, the United States government has imposed travel bans on four senior Ugandan police officials, barring them from entering the country....

Africa ECONOMY

South African Rand Retreats After Recent Rally

Eniola OladeleOctober 2, 2024October 2, 2024

by Eniola OladeleOctober 2, 2024October 2, 20240170

The South African rand faced renewed pressure on October 1, retreating after a two-week rally that had seen it strengthen amid improving investor sentiment. The...

Africa BUSINESS

Oil Prices Steady Amid Middle East Tensions

Eniola OladeleOctober 2, 2024October 2, 2024

by Eniola OladeleOctober 2, 2024October 2, 20240150

Oil prices remained stable on October 1, as market forces balanced between concerns over escalating tensions in the Middle East and global supply prospects. While...

Africa STOCK MARKET

Global Markets React to Hawkish U.S. Federal Reserve Stance

Eniola OladeleOctober 2, 2024

by Eniola OladeleOctober 2, 20240171

Global markets experienced significant fluctuations on October 1 as investors responded to hawkish comments from U.S. Federal Reserve Chair Jerome Powell. Powell’s statements, which signaled...

Africa POLITICS

The Rise and Fall of Rigathi Gachagua: Kenya’s Outspoken Deputy President Faces Impeachment

Eniola OladeleOctober 2, 2024

by Eniola OladeleOctober 2, 20240176

Rigathi Gachagua, Kenya’s embattled Deputy President, once hailed himself as a truthful man, attributing his political success to his willingness to speak truth to power....

Africa International News

Tragedy at Sea: Dozens Dead, 61 Missing as Two Boats Sink Off Djibouti

Eniola OladeleOctober 2, 2024October 2, 2024

by Eniola OladeleOctober 2, 2024October 2, 20240148

In a devastating maritime disaster, two boats carrying dozens of people sank off the coast of Djibouti, leaving at least 27 dead and 61 missing....

Africa ECONOMY

Kenyan Farmers Turn to Camels as Climate-Resilient Livestock Amid Severe Drought

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240166

In response to persistent drought conditions that have ravaged much of Kenya, farmers in the arid and semi-arid regions are increasingly turning to camels as...

Africa SPORTS

Orlando Pirates Eye Historic Third Consecutive MTN8 Title Victory

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240207

Johannesburg, South African football giants Orlando Pirates are on the brink of making history as they gear up for the final of the prestigious MTN8...

Africa ECONOMY

Tanzania Launches Groundbreaking Domestic Gold-Buying Program to Bolster National Reserves

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240220

Dodoma, Tanzania In a bid to strengthen its financial standing and expand its national reserves, Tanzania has officially launched a new domestic gold-buying program. The...

Africa ECONOMY

Ethiopia Launches $3.4 Billion IMF-Backed Economic Reform

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240181

Ethiopia has embarked on a daring economic journey, supported by a $3.4 billion Extended Credit Facility from the International Monetary Fund. The four-year program, initiated...

Newsletter