• September 30, 2022

Airstrike in Ethiopia’s Tigray region kills civilians

An airstrike in Ethiopia’s northern Tigray region killed at least five civilians earlier this week as the revived war continues, according to humanitarian workers and an internal document seen by The …

World Bank approves $750 million credit to boost Nigerian reforms

The World Bank has approved a US$750 million credit line for Nigeria to help the country push through reforms to attract investment and create jobs. Several states in Nigeria are struggling …

Liberated Mocímboa marks one year since liberation from Jihadist

In the port city of Mocímboa da Praia in northern Mozambique life is slowly coming back to normal. The city was liberated from jihadists a year ago. Since August 2020 that …

Business:Debt, inflation: Crisis looms for Kenya’s economy

Kenyans head to the polls on August 9 amid signs that East Africa’s largest economy could be headed for tough times. The country’s currency- the Shilling has sharply depreciated. It means …

Algeria, Equatorial Guinea and Angola crudes the most expensive in the world (OPEC)

Crudes from Algeria, Equatorial Guinea and Angola became the most expensive in the world during June and for the first half of 2022 as a whole, according to the Organization of …

Egypt Suez Canal announces record $7bn profit in 2021-2022

The Suez Canal on Monday announced a record profit of $7 billion (about 6.7 billion euros) for the 2021-2022 fiscal year, after repeatedly raising transit fees for ships through the crucial …

Business:Somalia authorizes first foreign banks in decades

Somalia announced Sunday that it has granted banking licenses to two foreign institutions, opening the country to international investment for the first time in decades. The Egyptian bank Banque Misr and …

Business:Sierra Leone slashes ‘zeros of shame’ from banknotes

Sierra Leone on Friday introduced a new family of banknotes, stripping three zeros off the leone, in a bid to restore confidence in the inflation-hit national currency. The Bank of Sierra …

Business:Algeria invests in its youth to boost human development and economic growth

Before its independence, 60 years ago, Algeria only counted a few hundred students at the Central University of Algiers. The institution was the only one in the country and it was …

Nigeria approves proposal for gas pipeline project to Morocco

The Nigerian government on Wednesday approved a proposal for the construction of a gas pipeline connecting Nigeria and Morocco. Africa’s gas reserves have come under increasing scrutiny Since the beginning of …

Fashion:The “African braid” hairstyle’s growing popularity

Recently popular all over the world, the “African braid” hairstyle is used not only as a hairstyle but also as a social identity in Africa. The hairstyle, which is made by …

20 million farmers in Africa to benefit from $1.5 billion emergency food facility

The African Development Bank has approved a $1.5 billion emergency food production facility for 20 million farmers on the continent. This is aimed at reducing the looming food crisis driven by …

Business:Egypt to privatize key state companies as inflation surges

Egyptian Prime Minister Mostafa Madbouli has announced a series of planned privatizations of state-owned companies, as the country struggles with an economic crisis and inflation at almost 15% in April. The …