Category: African Business
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🇨🇮 Ivory Coast’s Ouattara takes up third Sub-Saharan Africa seat on IMF executive board
Ivory Coast’s Wautabouna Ouattara has become the third director for Sub-Saharan Africa on the International Monetary Fund’s executive board as the lender of last resort boosts the region’s voice in its policy making processes. The new position on the executive board, which oversees the day-to-day business of the fund, brings the total number of executive…
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Italy’s Mattei Plan Seeks to Strengthen Africa Ties with Energy, Development, and Migration Initiatives
Italy’s recent developments in Africa revolve largely around the unveiling of the “Mattei Plan,” an ambitious strategy spearheaded by Italian Prime Minister Giorgia Meloni to foster cooperative ties between Italy and African nations. Named after Enrico Mattei, the founder of the Italian energy company Eni, the plan emphasizes energy collaboration, investments in agriculture, health, and…
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🇳🇪 Niger signs agreement with Starlink
Niger Prime Minister Mahamane Lamine Zeine announced that Niger will be connected to the global Starlink satellite communications system. “This is a major achievement for the government, which will allow us to cover all regions of Niger with mobile communications. <…> The Starlink satellites will allow us to have communications throughout the country, which is…
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The Struggle Within Prisons, Political Prisoners, and Mass Movements in the U.S.
Amazon Books description: An accessible yet wide-ranging historical primer, The Struggle Within discusses how mass imprisonment has been a state-sponsered tool of repression deployed against diverse, left-wing social movements over the last 50 years. Author Dan Berger goes on to examine some of the most dynamic social movements across half a century, including black liberation, Puerto Rican…
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🇦🇴 Angola’s Cabinda oil refinery to start up by April, Gemcorp CEO says
Angola’s Cabinda oil refinery is set to start production by April, as it finishes its very first stage simply ahead of schedule but over spending plan, the CEO of Gemcorp Holdings Minimal, the job’s greatest shareholder, told Reuters on Tuesday. The refinery will be commissioned in January-February, with its very first products of fuels reaching…
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Algeria to Host the Pan-African Youth Forum:
The African Union has officially announced that Algeria has been selected to host the 4th edition of the Pan-African Youth Forum. This decision follows Algeria’s successful bid, coordinated by the Higher Council for Youth in partnership with several key public sectors, to host Africa’s most significant youth event. The forum is set to take place…
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Kenya’s supreme court overturns ruling that nullified tax hikes
Kenya’s Supreme Court on Tuesday quashed a decision by an appeals court nullifying the 2023 finance law, a victory for the government after protests forced President William Ruto to withdraw this year’s finance bill. The finance bills form the main vehicle for the government to set out revenue-raising measures, and Ruto’s administration has been relying…
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JPMorgan sues customers over check fraud linked to glitch that went viral
NEW YORK, Oct 28 (Reuters) – JPMorgan Chase (JPM.N), the largest U.S. bank, has begun suing customers for check fraud, saying they improperly withdrew funds by taking illegal advantage of a temporary technical glitch that went viral on TikTok. The glitch in late August let customers deposit big checks in ATMs and withdraw funds immediately before…
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🇬🇧 King Charles acknowledges ‘painful’ history amid calls for slavery reparations at Commonwealth summit
ritain’s King Charles III has told world leaders that “none of us can change the past” but that nations can commit to finding “creative ways to right inequalities that endure,” as calls grow for reparatory justice for the transatlantic slave trade. The 75-year-old monarch was speaking to leaders and dignitaries from the 56 Commonwealth nations…
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