Category: African Business
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Tunisia’s Saied moves toward landslide win in election
Tunisian President Kais Saied Poised for Re-Election Amid Low Voter Turnout Supporters of Tunisian President Kais Saied took to the streets of the capital on Sunday night, celebrating after an exit poll suggested a decisive victory in the country’s presidential election. According to a poll broadcast on state television, Saied garnered 89.2% of the vote,…
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Algeria Welcomes EU Court Ruling on Morocco Trade Agreements, Emphasizes Sahrawi Rights
Algeria has expressed its strong approval of the recent ruling by the European Court of Justice (CJEU) that annulled trade agreements between the European Union and Morocco, a decision that has reignited international discourse on the status of Western Sahara. The Algerian Foreign Ministry praised the ruling, calling it a “recognition of the Sahrawi people’s…
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Rwandan Foreign Minister: Congo Refused to Sign Deal to Ease M23 Conflict
In a significant diplomatic development, Rwandan Foreign Minister Olivier Nduhungirehe announced on Saturday that his Congolese counterpart had refused to sign an agreed-upon deal aimed at mitigating the ongoing conflict involving the M23 rebel group in eastern Democratic Republic of Congo (DRC). The refusal has further complicated efforts to resolve the insurgency that has displaced…
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Ethiopia forces deploy against Amhara rebels
Ethiopian army forces have deployed in large numbers in the past fortnight to Amhara state, scene of a year-long insurgency, a security source told PA.E on Saturday. The Fano, a long-standing “self-defence” militia for the Amhara ethnic group, the second largest in Ethiopia, took up arms against the federal government in April 2023 after it…
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In Senegal, the bastion of the region’s Francophonie, French is giving way to local languages
For decades Senegal, a former French colony in West Africa, has been touted as the bastion of the French language in the region. Leopold Sedar Senghor, the country’s first president and a poet, is considered one of the founding fathers of the concept of Francophonie, a global alliance of French-speaking countries. But many say a…
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Brent Oil Falls to $70.4 Amid Libyan Production Recovery News
🇱🇾🛢Brent Oil Falls to $70.4 Amid Libyan Production Recovery News Brent crude oil futures for December delivery have dropped by 1.88%, reaching $70.35 on the ICE exchange. WTI futures for November delivery are also seeing a decline, down 1.76% to $66.96, while December WTI futures have dipped to $66.62 per barrel. The drop in prices…
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Francophone summit opens in France
The summit of the Francophonie which gathers most of the world’s French-speaking countries kicks off on Friday in France, a first in 33 years. The organization (OIF) gathers 54 members amongst which 29 are African. For two days, delegations from around the world will be hosted in Villers-Cotterêts, (France). French is one of the 5…
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Zimbabwe compensates foreign and local farmers over land invasions
The Zimbabwean government will this month pay an initial $20 million to foreign white and local Black farmers who lost land in farm invasions under former leader Robert Mugabe at the turn of the century, the finance minister said on Friday. The spending was allocated in the 2024 budget as part of a series of…
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Tunisia votes Sunday in its third presidential election since the Arab Spring
With his major opponents imprisoned or left off the ballot, Tunisian President Kais Saied faces few obstacles to winning reelection on Sunday, five years after riding anti-establishment backlash to a first term. The North African country’s Oct. 6 presidential election is its third since protests led to the 2011 ouster of President Zine El Abidine…
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Russia is considering cancelling visas for several African countries
Russia is considering cancelling visas for several African countries. Moscow is preparing agreements on a visa-free regime with nine countries in Africa and the Middle East, according to Alexei Klimov, head of the Consular Department of Russian diplomacy. Previously, the Russian Foreign Ministry announced that Russia was in talks to simplify visa regimes with several…
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