AFP , Sunday 9 Jul 2023 Angola and the Democratic Republic of Congo are pinning hopes for economic revival on the revamp of an iconic African railway connecting mineral-rich inland areas to the Atlantic Ocean. Earlier this week, Luanda and Kinshasa granted a group of investors a 30-year concession to operate the line linking Angola’s…
By Rédaction Africanews and AFP – AP The President of the African Development Bank is in Paris for the Summit for a New Global Financial Pact. Speaking Wednesday (June 21), ahead of the talks launch, Akinwumi Adesina aimed at rich countries whose financial commitments to Africa, some dating back to 2009, had not yet been…
By Rédaction Africanews and AP The industrial landscape of the northeastern province of Mpumalanga, an area known as South Africa’s coal belt will soon be transformed. The Komati power plant, once a busy coal plant that is now earmarked to be repurposed as a wind and solar power plant that will have batteries to store…
By Rédaction Africanews and Agencies Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors and stabilize the local currency. Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will…
By Rédaction Africanews and Agencies Nigerians on Thursday reflected on the recent move by the country’s president to stabilise the economy through allowing market forces to set the currency exchange rate. Nigeria’s central bank has ended its distorted foreign exchange rate, a move the new government in Africa’s biggest economy hopes will help woo investors…
By Rédaction Africanews and Nadia Colombe Gbané with Reuters “Binance Nigeria Limited is hereby directed to immediately stop soliciting Nigerian investors in any form whatsoever,” stated the Securities and Exchange Commission (SEC) on Friday. The statement added that the company was not registered or regulated, rendering its operations in the country, illegal. Nigeria’s markets regulator…
By Rédaction Africanews and Agencies op diplomats from BRICS countries called for a “rebalancing” of the global order during talks in South Africa on Thursday, as the bloc seeks a larger voice in the international arena. Foreign ministers from the five-nation grouping of Brazil, Russia, India, China and South Africa met in Cape Town for…
By Rédaction Africanews Zimbabweans are feeling the wrath of high inflation. The rate of inflation in the southern African country now stands at 131.7 percent in the month of May. Locals are now helpless as they are now forced to search for cheaper products as a way to survive the overpriced goods at major supermarkets….
By Daniel Bellamy with Agencies Azali Assoumani, the president of the Comoros, which is made up of just three islands off south-eastern Africa, has arrived in Hiroshima for the G7 summit. The Comoros was invited as it is chairing the African Union this year. Normally South Africa attends the summit but Japan has sidelined it…
By Rédaction Africanews Nigeria’s President Muhammadu Buhari on Monday commissioned an oil plant billed as Africa’s largest oil refinery, after years of delays and a week before stepping down from office. Built by Africa’s richest person Aliko Dangote in the commercial hub of Lagos, the refinery should begin operations in June with the first products…
