Category: African Business
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🇿🇲 Zambia’s Court Blocks Edgar Lungu from Seeking Third Term
In Zambia, the Constitutional Court has ruled that former President Edgar Lungu is not eligible to seek a third term in office. The court’s decision comes after Lungu announced his return to active politics last year. The country’s highest court determined that Lungu’s first term, served from 2015 to 2016 following the death of President…
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🇹🇩🇫🇷 France flies out 2 Mirage fighter jets from Chad to signal beginning of military withdrawal
The pair of Mirage 2000-D fighters took off after midday from a French base in the capital, N’Djamena, after Chadian military forces came to wish them farewell, and were returning to a French air force base in Nancy in eastern France, French military spokesman Col. Guillaume Vernet said. He added that negotiations with Chadian authorities…
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🇬🇭 Police in Ghana have arrested more than 100 people
Police in Ghana have arrested more than 100 people – mostly opposition supporters of President-elect John Mahama – over acts of lawlessness. Supporters of the newly elected president who want jobs have allegedly attacked some state institutions, looted properties, and engaged in disturbances that have left some police and military personnel injured. The irate supporters…
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🇺🇬 Ugandan military extends detention of opposition leader Besigye
A Ugandan army court on Tuesday further remanded opposition leader Kizza Besigye to prison until next January. Besigye’s defense team had requested a short adjournement but the court marial head sided with the state which demanded a long break. Besigye is charged alongside his comrade Obeid Lutale Kamulegeya with endangering national security and subversion. The…
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🇷🇺Algerian Ambassador Highlights Opportunities and Challenges in Russia-Africa Cooperation
The Algerian ambassador to Russia, Guennad Boumediene, has emphasized the potential for enhanced cooperation between Russia and African nations despite existing challenges in trade and payment systems. Speaking to Russian media, Boumediene underscored the importance of aligning joint projects with Africa’s long-term development goals outlined in the Agenda 2063 framework. “Africa will be grateful to…
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Ethiopia Establishes Transit Customs Points in Berbera Port, Strengthening Trade Ties with Somaliland
The Ethiopian government has officially opened transit customs points at the Port of Berbera in Somaliland. These facilities will facilitate the transport of cargo unloaded at the port to various destinations within Ethiopia, according to an announcement from Somaliland’s Ministry of Financial Development. This development marks a significant step in the implementation of a memorandum…
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🇿🇦🌍 South Africa to push for better credit terms for Africa and other developing nations during G20 presidency
International Relations and Cooperation Minister Ronald Lamola highlighted the significantly higher cost of capital for African countries compared to industrialized nations. He emphasized the need for “revolutionary solutions” to lower interest rates on loans, arguing that Africa shouldn’t face higher rates than developed countries for comparable loans. This focus was a key topic during the…
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🇳🇪🌍 Niger welcomes Burkina Faso, Mali and Togo for the first time to its International Women’s Crafts Fair (SAFEM)
With the participation of these three countries, this year’s SAFEM demonstrates the event’s growing regional importance, Nigerien Prime Minister Ali Mahaman Lamine Zeine said at the opening of the fair. 🗣 “This is a great opportunity for SAFEM to learn from the experience of other countries, to improve its offering and to be even more…
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🇳🇬 Nigeria’s House of Representatives is considering a bill to limit the number of federal ministers to 37, local media reports
This measure reportedly aims to reduce costs and improve efficiency in the cabinet of President Bola Tinubu, which currently consists of 45 ministers. The federal lawmaker Mansur Manu Soro, told the media that reducing the cost of governance is crucial. He suggested addressing inequality in the number of ministers appointed from each state and eliminating…
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🇧🇫 Burkina Faso: Formation of a new government
Burkina Faso’s new Prime Minister Rimtalba Jean Emmanuel Ouédraogo, appointed on Saturday, unveiled his 24-member government on Sunday. Key appointments include: Minister of National Defense and Veterans: Brigadier General Célestin Simporé Minister of Civil Service, Labor, and Social Protection: Mathias Traoré (former Secretary General of the Government) Minister of Humanitarian Action: Commander Pélagie Kaboré Minister…
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