Category: African Business
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African Union addresses integration issues at Ghana conference
The African Union convened in Ghana on Sunday to address issues related to African integration and to establish a unified stance before engaging with the G20 and UN. Mauritania’s President and current African Union Chair, Mohamed Cheikh Ghazouani, urged for the acceleration of the African integration process. He stressed the importance of expediting economic integration…
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US envoy to UN in Haiti to show support for fight against gangs
The U.S. envoy to the United Nations traveled to Haiti on Monday, a month after the first contingent of Kenyan police arrived in the Caribbean country as part of an international security mission aimed at tackling gang violence. Ambassador Linda Thomas-Greenfield will make two “major announcements during the trip in support of efforts to address…
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AlJazeera: The New World Economic Order?
Economic integration and globalisation, the free flow of trade, with the United States at the helm: that is the economic order the world has known for decades. Today, the disintegration of the rules-based old world order is evident. Countries are becoming more inward-looking, regulatory fences have been erected, the World Trade Organization is in limbo,…
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CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump
CNBC discusses the idea of the U.S. potentially holding #Bitcoin as a reserve currency under Donald Trump CNBC has discussed the idea of the U.S. potentially holding Bitcoin as a reserve currency, particularly under Donald Trump’s leadership. Trump, who previously called Bitcoin a “scam,” has recently softened his stance, noting its growing usage and substantial…
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AU unveils AI strategy to safeguard culture and boost development on the continent
The Executive Council of the African Union Commission approved an AI Strategy and Digital Compact for Africa during its 45th Ordinary Session in Accra, Ghana. The strategy aims to utilize AI to safeguard African identity, culture, and dignity, promote socio-economic development, and prevent unethical use. AU Commissioner for Infrastructure, Energy, and Digitization, Amani Abou-Zeid, told…
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Nigeria’s Dangote refinery in talks with Libya to secure oil
Nigeria’s Dangote refinery is in talks with Libya to secure crude for the 650,000 barrels per day (bpd) plant and will also seek Angolan oil, a senior executive said, as it seeks to overcome problems with domestic supplies. The $20 billion refinery, built by Africa’s richest man Aliko Dangote on the outskirts of Lagos is…
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Zimbabwe Farmers Struggle Against Illegal Mining and Climate Change
Small holder farmers in rural Gwanda, a region in Zimbabwe that borders South Africa, have been affected by a double shock β a combination of heat, droughts and floods caused by climate change, and water contamination and damaged land caused by illegal, small-scale mining. Droughts in Gwanda have significantly affected rural farmers and increased over…
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The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations
The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations in the province also directed companies and operators to vacate the mining sites. Governor Jean-Jacques Purusi Sadiki stated that the suspension, effective until further notice, was due to “disorder caused by the mining operators,” though he did not provide additional…
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Kenya’s national airline reports issues with booking system due to global technical glitch
Nairobi, Kenya β July 20, 2024 Kenya Airways, the national airline, has announced significant disruptions in its booking system, attributing the issues to a global technical glitch affecting airlines worldwide. The glitch, which began in the early hours of July 19, has caused widespread inconvenience for passengers attempting to book, modify, or check-in for flights.…
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