Kenya could lose a vital economic lifeline as the African Growth and Opportunity Act (AGOA) is set to expire on September 30, ending the country’s duty-free trade access to the U.S. The apparel sector, which employs 66,000 Kenyans directly and supports nearly 660,000 livelihoods, would be hit hardest. The loss of AGOA would weaken Kenya’s …
Burundi’s former Foreign Minister, Ézéchiel Nibigira, will lead the Economic Community of Central African States (ECCAS), succeeding Angola’s Gilberto Verissimo. He assumes a five-year term following his appointment at a meeting in Equatorial Guinea on Sunday. Nibigira, a seasoned diplomat with a doctorate in business administration and finance, currently serves as a member of parliament …
Senegal’s President Bassirou Diomaye Faye and Prime Minister Ousmane Sonko have overhauled the cabinet in response to mounting public dissatisfaction over stalled reforms and economic hardship. In a surprise TV announcement, Sonko unveiled what he called a “government of combat,” pledging to work tirelessly to tackle debt, poverty, and restore public trust. READ ALSO: France …
In the last 24 hours, Bitcoin (BTC) has maintained a steady price, trading at $111,165, showing a modest increase of 0.76%. The leading cryptocurrency has fluctuated between $108,505 and $111,716, as it remains stable amid broader market uncertainty. Despite the fluctuations, Bitcoin's stabilisation marks an important shift that could open doors for institutional investors. However, …
Project to Boost Southern Africa’s Energy Security and Regional Trade By Esther Ososanya Namibia and Botswana plan to build a joint $4 billion oil refinery to cut fuel imports and secure energy supplies for Southern Africa. The refinery will process 60,000 to 100,000 barrels of crude oil per day. It will operate from two sites: …
By Esther Ososanya As the U.S. and China engage in a growing trade war, Africa is taking advantage of the situation to strengthen its economy and reduce dependency on foreign powers. Experts believe that these tensions could offer Africa a rare opportunity to increase its influence in global trade and investment. China has granted duty-free …
By Esther Ososanya Mali’s military authorities have arrested at least 45 soldiers, including two generals, over the weekend for allegedly attempting to “destabilise the institutions” of the Sahel nation. Among those detained is General Abass Dembele, a former governor of the central Mopti region and a respected figure within army ranks. He was arrested early …
By Esther Ososanya Nearly 800 Egyptian aid trucks have been inspected and sent into Gaza through Israel’s Kerem Shalom crossing since July 27, the Egyptian Red Crescent said on Wednesday, as efforts intensify to ease a worsening humanitarian crisis. The development follows Israel’s decision to partially lift its months-long blockade late last month, allowing a …
By Esther Ososanya Ghana is in mourning after a military helicopter crash killed eight people, including two ministers and top officials. The Z-9 aircraft went down en route to Obuasi, killing everyone on board. Among the dead are Defence Minister Edward Omane Boamah, Environment Minister Ibrahim Murtala Muhammed, NDC Vice Chair Samuel Sarpong, national security …
By Esther Ososanya The East African country is investing billions of dollars in smart infrastructure and urban renewal, even as the International Monetary Fund (IMF) warns that its public debt could rise to 86.3% of GDP by 2026. Yet, the Rwandan government remains unfazed, convinced that the greater danger lies in under-investing in the future. …
