Category: African Business
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Ghana ranks second most indebted African nation to IMF
Ghana has been identified as the second most indebted African nation to the International Monetary Fund (IMF) in terms of concessional lending. According to the IMF’s Quarterly Finances, the country’s outstanding loans to the institution reached $2.914 billion as of October 31, 2024, representing 17% of total African borrowings from the IMF. Only the Democratic…
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🌍 Major Solar Flares Predicted, Ozone Impact, SDO is Back
However, it is unlikely that solar activity would have a significant impact on this process.
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🇹🇩Terror Strikes Chad: Boko Haram Targets Presidential Palace in N’Djamena
In a shocking development, Boko Haram militants have carried out a brazen terrorist attack near Chad’s presidential palace in the capital city of N’Djamena. The attack, which occurred on [insert date], has left the nation reeling as details continue to emerge about the scale of the incident and its implications for the region. The Incident…
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Senegal and Chad Criticize Macron’s Remarks on African Sovereignty and France’s Role in the Sahel
The governments of Senegal and Chad have voiced strong opposition to recent remarks made by French President Emmanuel Macron, who suggested that African countries in the Sahel region have been ungrateful for France’s military interventions against jihadist insurgencies. Macron’s comments have sparked widespread criticism across the continent, further straining France’s relationship with its former colonies.…
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🇨🇮 Inside Ivory Coast’s Abidjan Prison: A Glimpse Into Life Behind Bars
Nestled on the edge of the Banco Forest in Abidjan, Ivory Coast, stands the largest prison in West Africa: the Abidjan Prison. Designed to house 1,500 inmates, it now holds over 5,000, making it a stark symbol of the challenges facing the region’s justice and penal systems. This overcrowded prison offers a rare and thought-provoking…
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Congolese Authorities Arrest Chinese Nationals Smuggling Gold and Cash in South Kivu
Congolese security forces made a significant arrest on Saturday, January 5, 2025, when three Chinese nationals were apprehended with 12 gold bars and $800,000 in cash in Walungu territory, South Kivu Province, near the Rwandan border. According to reports from 7 Sur 7, the individuals were traveling in an SUV when they were intercepted by…
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🇱🇷 Liberia: NPA Boss in Faceoff With Senate Pro-Temp
Monrovia — All is not well between the Managing Director of the National Port Authority (NPA) Sekou A.M. Dukuly and Senate President Pro-Tempore, Nyonblee Kangar Lawrence. The bad blood is brewing from a legislation making ports under the NPA autonomous much to the dislike of Director Dukuly, who expresses frustrations against Pro-Temp Kangar Lawrence over…
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Did France’s Sarkozy Take $52 Million from Libya’s Gaddafi? The Scandal That Won’t Go Away
A decade-long investigation has brought former French President Nicolas Sarkozy to trial for allegedly receiving $52 million in illegal campaign funds from the late Libyan dictator Muammar Gaddafi. The case, one of the most explosive corruption scandals in recent French history, has shaken the political establishment and revived questions about France’s foreign entanglements in Africa.…
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Sudan Army Chief Supports Turkey’s Peace Initiative Amid Ongoing Conflict
By Rédaction Africanews Port Sudan, January 6, 2025 – The protracted conflict in Sudan has taken a significant turn as the country’s army chief, General Abdel Fattah Al Burhan, expressed support for Turkey’s diplomatic efforts to mediate peace. During a meeting in Port Sudan on Saturday, Al Burhan welcomed Turkey’s proposal and conveyed his sentiments…
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Competition Heats Up for African Grammy Awards: A Pan-African Perspective
The race to host the African Grammy Awards is intensifying, with Nigeria’s hesitation to pay its full membership fees opening the door for other African nations to assert their place on the global stage. As African music continues to dominate international charts, this moment offers a unique opportunity for Pan-African unity and recognition of the…
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