International News Archives - Page 54 of 79

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, 20240162

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...

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

Eniola OladeleOctober 3, 2024

by Eniola OladeleOctober 3, 20240166

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, 20240161

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, 20240174

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, 20240156

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, 20240174

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, 20240180

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, 20240156

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, 20240173

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, 20240211

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, 20240223

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, 20240185

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...

Africa TECHNOLOGY

Assessment of Solar Energy Potential for Bahir Dar City, Ethiopia: Unlocking Renewable Opportunities

Eniola OladeleOctober 1, 2024October 1, 2024

by Eniola OladeleOctober 1, 2024October 1, 20240197

Bahir Dar, located in the northwestern part of Ethiopia, offers significant potential for solar energy due to its favorable geographic and climatic conditions. Situated close...

Africa Aviation Health

Kenya Airport Whistleblower Fears for His Life After Exposing Corruption

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240125

The documents Amenya shared online in July revealed that the Adani Group, owned by India’s richest man, Gautam Adani, had been in months-long talks to...

Africa BUSINESS

Zimbabwe: Market Rejects ZWG As Central Bank Governor Defends Devaluation of New Currency

Eniola OladeleOctober 1, 2024

by Eniola OladeleOctober 1, 20240189

In a dramatic turn of events, Zimbabwe’s financial markets have rejected the Zimbabwean Gold-backed Dollar (ZWG) just months after its introduction. The ZWG, which was...

Africa ARTS & CULTURE

Nigeria at 64: A Journey of Resilience, Growth, and Unfulfilled Potential

Eniola OladeleOctober 1, 2024October 1, 2024

by Eniola OladeleOctober 1, 2024October 1, 20240228

October 1, 2024, marks 64 years since Nigeria gained independence from British colonial rule. It is a day of reflection and celebration, but also one...

Africa Entertainment

House of Representatives Summons EFCC Chairman, Influencer VeryDarkMan, and Bobrisky Over Bribery Allegations

Eniola OladeleSeptember 30, 2024September 30, 2024

by Eniola OladeleSeptember 30, 2024September 30, 20240189

In an unprecedented move, the House of Representatives has summoned Abdulrasheed Bawa, the Chairman of the Economic and Financial Crimes Commission (EFCC), along with popular...

Africa International News

UAE Condemns ‘Heinous’ Attack on Ambassador’s Residence in Sudan Amid Escalating Violence

Eniola OladeleSeptember 30, 2024

by Eniola OladeleSeptember 30, 20240121

Abu Dhabi, UAE The United Arab Emirates (UAE) has strongly condemned the recent attack on its ambassador’s residence in Sudan, describing the incident as a...

Africa TECHNOLOGY

UK CMA Warns Vodafone-Three Merger Could Harm Consumers and Businesses

Eniola OladeleSeptember 30, 2024September 30, 2024

by Eniola OladeleSeptember 30, 2024September 30, 20240166

Phase one investigation into the potential impacts of the merger between two of the UK’s four operators was launched in January. The proposed deal was...

Africa International News

Water Outage Hits Over 20 Suburbs in Johannesburg, Affecting Thousands of Residents

Eniola OladeleSeptember 30, 2024September 30, 2024

by Eniola OladeleSeptember 30, 2024September 30, 20240199

More than 20 suburbs across Johannesburg are grappling with a severe water outage, leaving thousands of residents without access to water for several days. The...

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