YAOUNDE, CAMEROON — The Cameroon-headquartered Bank of Central African States (BEAC) has urged the Central African Republic (CAR) to annul a law it passed in late April that made the cryptocurrency Bitcoin legal tender. The bank warned in a letter made public last week that the move breached its rules and could affect monetary stability in…
By CGTN Africa According to the latest statistics, Ghana’s inflation rate reached 23.6 percent in April, the highest since 2004. Speaking at a regular press conference, the Government Statistician, Samuel Kobina said that the food inflation increased to 26.6 percent and the non-food inflation increased to 21.3 percent in April. Providing policy considerations for national and…
By CGTN Africa Globally, 3 million people die each year as a result of harmful use of alcohol – one every 10 seconds – representing about 5 percent of all deaths. A disproportionate number of these alcohol–related deaths occur among younger people, with 13.5 percent of all deaths among those who are 20–39 years of age…
By Jerry Omondi Zambian President Hakainde Hichilema has called for deliberate efforts by African leaders to ensure sustainable development and management of mineral resources. Hichilema made the call in his speech at the opening ceremony of the Minding Indaba in Cape Town, South Africa. “Aggressive investment into exploration will unlock the undiscovered mineral resources and create…
By XINHUA Ethiopia attracted 2.43 billion U.S. dollars in Foreign Direct Investment (FDI) in the first nine months of the current Ethiopian Fiscal Year 2021/2022, which started July 8, an Ethiopian official said on Tuesday. Lelise Neme, Chief Commissioner of the Ethiopia Investment Commission (EIC), said the FDI inflow exceeded that of the same period last…
By XINHUA The death toll of a cholera outbreak in Nigeria, Africa’s most populous country, has risen to 38 so far this year, the Nigeria Center for Disease Control (NCDC) said on Tuesday. The country has recorded a total of 1,569 confirmed cholera cases since the onset in January, Jessica Akinrogbe, NCDC’s senior emergency response officer,…
By AFP South Africa on Thursday ended mask-wearing for school children despite a surge of infections driven by two new Omicron sub-variants of the coronavirus. Regulations requiring all students to mask up while in class expired at midnight and were not renewed. However, adults are still required to wear a mask in public indoor spaces, and…
By CGTN Africa According to the latest data from the Kenya National Bureau of Statistics- KNBS, the Kenyan economy rebounded from COVID-19-led woes in 2020 to grow by 7.5 percent in 2021. This is the highest rate of growth for the Kenyan economy since 2010 when the gross domestic product (GDP) improved by a record 8.1…
By David Ochieng Mbewa The final of the 2022 African Champions League will be hosted in Morocco after Senegal’s football federation withdrew its bid, the Confederation of African Football (CAF) announced on Monday. CAF, however, did not give any further details explaining the reason for Senegal’s withdrawal. The final of the tournament will be held on…
By Jerry Omondi Kenya’s tourism ministry is looking into ways of revamping and increasing tourism offerings across the country’s parks and game reserves in order to attract more visitors. This was revealed by tourism minister Najib Balala after he completed a hike to Mt. Longonot National Park in Naivasha. Balala said the hike revealed some gaps…
