Category: African Business
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Tunisia celebrates 67th Republic Day
Yesturday, Thursday, July 25, 2024, the North African nation celebrates the 67th anniversary of the establishment of the Republic of Tunisia. The proclamation of the Republic came on July 25, 1957, a year and a half after the declaration of independence from France, when the then National Constituent Assembly unanimously decided to abolish the monarchy.
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Belarus’ tractor exports to Africa: A boost for food security and a shift in global trade?
Belarus, a leading tractor manufacturer, has recently announced plans to redirect its agricultural machinery exports to Africa following the European Union’s ban on imports. This shift in trade flows has sparked discussions about its potential benefits for African countries and its implications for the global economy. “There will be a higher equilibrium of a win-win…
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Liberia Fatal Collision: Presidential Motorcade Involved In Tragic Accident Near Rehab Community
A tragic incident took place today near the former Information Minister Lewis G. Brown’s home in Rehab, involving a presidential motorcade. The collision resulted in the deaths of two individuals and left two others severely injured. The motorcade was on its way to the “Love A Child Orphanage Home” in Duazon, where President Joseph Boakai…
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Ugandan security forces detain young protesters marching in Kampala
Ugandan security forces detained a number of young people on Tuesday in downtown Kampala who were taking part in a banned rally against what the protesters say are rampant corruption and human rights abuses by the country’s rulers. A Reuters witness saw the detentions being made, while a video posted by NTV Uganda on the…
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Russia and Libya sign expanded agreement to boost economic cooperation
The new agreement, signed by the vice president of the Russian Chamber of Commerce and Industry, Vladimir Badalko, and the president of the General Federation of Libyan Chambers of Commerce, Muhammad Al-Raid, was finalized in Moscow. It aims to promote cooperation between businesses and investors in both countries. The agreement outlines several key initiatives, including:…
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Dangerous Sunspots, M-Class Solar Flares & CME’s: Latest Weather Report July 24, 2024
The solar flaring activity was at moderate level during the last 24 hours with multiple C-class flares and three M-class flares. The strongest flare was an M3.6 flare from active region (AR) 3751 which peaked at 07:42 UTC on July 24. During the flare, the source region (AR 3751) of the flare had beta-gamma-delta configuration…
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Tanzanian President Samia Hassan Suluhu dismissed the Minister of Foreign Affairs and Cooperation with East Africa
Tanzanian President Samia Hassan Suluhu dismissed the Minister of Foreign Affairs and Cooperation with East Africa, as well as the Minister of Information, Communications and Information Technology. Officials have not yet given reasons for the removal of department heads. The media associate the president’s decision with attempts to regain the confidence of foreign powers in…
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Gold rush: African nations seek safe haven amid currency woes
African nations are turning to gold in a bid to protect their economies from the turbulent global landscape. Geopolitical tensions, currency fluctuations, and rising inflation have prompted a rush to bolster gold reserves as a hedge against economic instability. This trend is expected to continue, with the World Gold Council anticipating that around 20 central…
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Zambia aims for copper boom: 40% production increase by 2027
Zambia, Africa’s second-largest copper producer, is expected to increase its copper production by 40% to one million tonnes by 2027, up from 700,000 tons in 2023. This ambitious target is outlined in Zambia’s Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy. This includes addressing issues at major mines, initiating production…
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Liberia contemplates moving capital after disastrous flooding
Severe flooding in Liberia has led a group of senators to propose relocating the capital city away from overcrowded and poorly managed Monrovia, a suggestion met with a mixture of enthusiasm and hesitancy in the West African country. Flash floods triggered by torrential rains between the end of June and early July left some 48,000…
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