Category: African Business
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African Union greenlights AI adoption across member states
The Executive Council of the African Union (AU) has approved the “Continental Artificial Intelligence Strategy,” which promotes AI adoption in the public and private sectors among member states. This strategy was announced in a document published on the AU website on Aug. 9. The AU’s AI strategy was formally adopted during the AU Executive Council’s 45th Ordinary Session…
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Liberia: Court Orders Eviction of Former Ruling CDC from Congo Town Headquarters
TEMPLE OF JUSTICE, Monrovia- Just eight months after losing power at the ballot box, the former ruling CDC party of ex-President George Manneh Weah has been ordered evicted from its Congo Town headquarter by the Civil Law Court of Montserrado County. The Court has issued a writ of possession on the former ruling Congress for Democracy…
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Ethiopia is a beacon of Pan-African freedom and unity, former FM of Sierra Leone says
Ethiopia’s historic role in promoting Pan-African values of freedom, unity, and resistance stands unmatched, according to Professor David Francis, former Foreign Minister of Sierra Leone. As the cradle of humanity and the only African nation to resist colonialism, Ethiopia remains a symbol of hope and empowerment for the continent. “Ethiopia is the origin of humanity.…
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Sweden says to pay migrants up to USD 34,000 to leave
Sweden plans to boost payments to up to USD34,000 to immigrants who leave the country, the government said Thursday. The Scandinavian country was for decades seen as a “humanitarian superpower”, but over the years has struggled to integrate many of its newcomers. Immigrants who voluntarily return to their countries of origin from 2026 would be…
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Comoros president injured in knife attack
Comoros President Azali Assoumani has been wounded in a knife attack, the authorities say. He was stabbed while attending a religious leader’s funeral near the capital Moroni but was only “slightly injured” and has since returned home, spokeswoman Fatima Ahamada told the Reuters news agency. The attacker had been arrested but the motive for the…
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Turkey reportedly in discussions to establish a site for ballistic missile tests and a spaceport in Somalia
Ankara’s ballistic missile program requires long-range testing, and Somalia’s strategic location on the eastern tip of mainland Africa provides an ideal location for launching missiles towards the Indian Ocean, Western media reported, citing sources familiar with the matter. Moreover, the unnamed sources explained that the country’s proximity to the equator makes it a suitable site…
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Seychelles is seeking to expand direct flights to Russia
“We are exploring ways to improve and increase direct flights to Russia, with the aim of attracting more Russian tourists and fostering greater people-to-people connections,” Seychelles Minister of Youth, Sports and Family Marie-Celine Zialor told panafrican.email The minister added that despite the current political landscape, relations between the two states remained positive and enjoyed a…
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IMF predicts Uganda’s economic growth will reach double digits next year due to crude oil production
According to an International Monetary Fund (IMF) report released late Wednesday, Uganda’s economy is anticipated to grow by 10.8% in the 2025/2026 fiscal year, starting in July, a significant increase from the previously expected growth rate of 6.2%. After nearly two decades of delays, Uganda is on the verge of beginning the production and export…
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LATEST: Sony’s Ethereum layer-2 project, Soneium, is set to launch a Japanese Yen stablecoin in partnership with Sony Bank.
Sony Makes a Yen for Blockchain: Tech Giant to Launch Japanese Yen Stablecoin Panafrican.email – September 13, 2024 In a move that could significantly impact the global cryptocurrency landscape, Sony is making a big splash in the world of blockchain. Their Ethereum layer-2 project, Soneium, is partnering with Sony Bank to launch a stablecoin pegged…
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Justin Sun Attacks Coinbase’s Wrapped Bitcoin
Justin Sun, the founder of Tron and BitTorrent, has launched a scathing attack on Coinbase’s newly launched wrapped Bitcoin variant, cbBTC. Sun alleges that cbBTC lacks essential safeguards and poses significant risks to users. In a series of tweets, Sun criticized cbBTC for its lack of proof-of-reserve, a mechanism that verifies that a cryptocurrency exchange…
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