Category: African Business
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DR Congo, Ethiopia, Kenya, Benin, Gambia elected to Human Rights Council
The Democratic Republic of Congo is among 15 countries elected to the Human Rights Council on Wednesday, despite objections by the country’s opposition. Benin, Gambia, Kenya and Ethiopia are the other African countries elected to the Council. The five countries will serve for three years, starting on January 1, 2025. At the assembly, there was…
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BRICS+ countries launches a dialog platform on the diamond industry, the Russian Finance Ministry said
“Within the framework of the Russian BRICS Presidency, the inaugural meeting of the informal dialogue platform on cooperation in the diamond industry was held in Moscow on October 9 in a hybrid format on the sidelines of the meeting of BRICS finance ministers and central bank governors,” the ministry said in a statement after the…
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33 trucks with smuggled cocoa beans found in Ivory Coast
The Ivory Coast Coffee and Cocoa Board has identified 33 trucks carrying around 1,100 tonnes of smuggled cocoa beans across the border with Guinea. Cocoa smuggling in the region has increased following poor harvests in Ghana and Ivory Coast, the world’s second-largest producers. The decline in production has led to a supply shortage in the…
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Ethiopian lawmakers select new president
Ethiopian lawmakers on Monday chose Foreign Minister Taye Atske Selassie as the country’s new president — a largely ceremonial role — leaving Africa with only one female head of state. Atske Selassie replaced Sahle-Work Zewde, 74, a respected former diplomat who had served as president since 2018. That leaves Tanzania as the only African country…
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Zimbabwe government to pay civil servants in US dollars due to devaluation of the ZiG
The government of Zimbabwe, in an attempt to mitigate the impact of the recent devaluation of the ZiG, has announced that salary raises and an annual bonus for civil servants in the country will be paid in US dollars. According to the Minister of Public Service, Labour, and Social Welfare, July Moyo, the move by…
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Zambia’s Copper Wealth: The Exploitation by Multinational Giant Glencore
Zambia, a landlocked country nestled in the heart of Africa, is home to one of the world’s largest copper reserves. Known as “the Copperbelt,” the region has historically attracted international attention for its rich mineral resources, positioning Zambia as a crucial player in the global copper market. However, beneath the surface of this wealth lies…
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The Rise of America’s Black Elite: A New Era of Wealth and Influence
The Rise of America’s Black Elite: A New Era of Wealth and Influence While African Americans have historically been disproportionately affected by poverty in the United States, a significant shift is taking place. Today, America is home to the largest concentration of wealthy and highly successful Black individuals in the world. In fact, 1 in…
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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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