Category: African Business
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After a 30-year pause, the railway connection between Algeria and Tunisia is officially back in operation
The National Company for Rail Transport in Algeria announced the resumption of services, with the inaugural commercial journey departing from Tunis on Sunday. The train line, covering a distance of 357 kilometers, will initially offer one daily service between Annaba in Algeria and Tunis, the capital of Tunisia, passing through several cities in both countries.…
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Egypt will bid for 2036 and 2040 Olympics, African Olympic committees chief says
Egypt will bid to host the 2036 and 2040 Summer Olympics, with the country’s improving infrastructure and sports facilities key for a successful African bid, said the head of the African national Olympic committees association (ANOCA) on Sunday. The continent has never staged an Olympic Games. Cairo last made an unsuccessful bid for the 2008…
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Dangote Refinery says Nigeria must enforce crude supply for local refiners
The Dangote Oil Refinery has called on Nigeria’s upstream oil regulator to force producers to abide by a law that stipulates they supply local refineries, saying that lax enforcement was raising its operational costs. The 650,000-barrel-per-day capacity refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos for $20 billion, has struggled…
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Ethiopian Airlines signs deal for design of ‘biggest airport in Africa’
Ethiopia has signed an agreement for the design of a new four-runway airport that will be Africa’s biggest when construction is completed in 2029, the head of state-owned Ethiopian Airlines said on Friday. Located near the town of Bishoftu, around 45 km (28 miles) from the capital Addis Ababa, the airport will have capacity to…
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France’s U-Turn on Western Sahara: A Strategic Shift Backed by Mohammed VI and Emmanuel Macron
In a move that has sent ripples through the geopolitical landscape of North Africa, France has executed a dramatic U-turn on its stance regarding Western Sahara. This strategic shift, which has significant implications for the region, was personally supported by Morocco’s King Mohammed VI and French President Emmanuel Macron, marking a new chapter in the…
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President Tinubu re-elected as ECOWAS chairperson, reiterates call for regional force
President Tinubu advised ECOWAS leaders to leverage the capabilities of Nigeria’s National Counter-Terrorism Centre (NCTC), which has been widely acknowledged as one of the best on the continent. President Bola Tinubu of Nigeria has been re-elected as the chairperson ofΒ ECOWAS. Mr Tinubu was re-elected as the head of the regional bloc during the 65th Ordinary…
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Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal
Switzerland’s Solway Investment Group Demands $50M Compensation from Liberia Over Mining Licence Transfer Switzerland’s Solway Investment Group, embroiled in a legal dispute after its mining license was transferred to ArcelorMittal without its knowledge, is now seeking $50 million in compensation from the Liberian government to settle the matter. The demand comes as part of ongoing…
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Breaking News: Patrice Talon Secures Key Concessions on Agadem Oil in Quiet Meeting with Chinese Delegation
On the morning of 15 May 2024, Benin’s President Patrice Talon discreetly welcomed a Chinese delegation, marking a significant development in the ongoing negotiations surrounding the Agadem oil field. The meeting, conducted away from the public eye, has yielded substantial concessions from Talon on the thorny issue of Agadem oil, a matter of critical importance…
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Dangerous Lassa hemorrhagic fever kills at least 163 people in Nigeria
According to a statement from the Nigerian Center for Disease Control and Prevention, the outbreak continues to spread across 34 of the country’s states and the Federal Capital Territory. The number of Lassa infections usually increases during the dry season, roughly from November to May. The disease spreads through contact with rat feces and can…
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Popular Mamba Point Community Razed in Liberia, Residents Cry Foul
Mamba Point, Liberia – [August 10, 2024] – In a move sparking outrage and confusion, Liberian public works officials demolished a popular beachfront community in Mamba Point, Liberia earlier this morning. The bustling hub, known for its vibrant abuja (open-air bars) and unique camarilla tribes mask artifacts, was reduced to rubble in a matter of…
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