Category: African Business
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Mali orders Swedish ambassador to leave within 72 hours
The order comes days after a Swedish government minister announced that aid to Mali would be ‘phased out’. Sweden’s ambassador to Bamako has been summoned and ordered to leave the country within 72 hours because of a “hostile” statement by a Swedish minister, Mali’s Ministry of Foreign Affairs says. Mali’s move on Friday came days…
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60% of Mpox Cases in DR Congo are Children Under 15′
The watchdog for public health on the continent, the Africa Center for Disease Control, has alarmed at the increasing number of cases of the Mpox disease in the region. The center’s Director General, Dr. Jean Kaseya, said during an online briefing that sharing bodily fluid is a reason for the spike in some areas, including…
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“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
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Swiss giant Glencore to pay more than $150 million in fines and restitution in the DRC corruption case
[ Swiss courts ordered the commodity trading and mining company to pay the sum after a four-year investigation into a corruption case. Prosecutors accused Glencore of failing to take measures to prevent bribery of Congolese officials by a business partner in 2011 as the latter acquired minority stakes in two mining companies, the statement said.…
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Japan issues advisory over possible Nankai Trough earthquake
Government sees ‘relatively higher’ chance after 7.1-magnitude temblor off Kyushu TOKYO — Japan on Thursday said the possibility of a huge earthquake over a wide swath of central and western parts of the country has increased relative to normal conditions following a magnitude 7.1 temblor off Miyazaki prefecture on the southern island of Kyushu earlier in…
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Over 90% of US population growth since 2020 came from Hispanics
The Hispanic population in the US grew by 3.2 million from the beginning of the pandemic to mid-2023, making up 91% of the country’s overall gain, according to an analysis of Census Bureau data. Overall, the US population increased by 3.4 million over the period. At the same time, the White population declined by 2.1…
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Algeria arrests dozens over alleged election fraud ahead of September poll
The arrested people are suspected of being involved in “signature sales” for the upcoming presidential election set for 7 September. The three candidates placed under judicial supervision were named as businesswoman Saida Neghza, former minister Belkacem Sahli, and a relatively unknown hopeful named Abdelhakim Hamadi. While they are not under arrest, they will be required…
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Zimbabwe to phase out US dollar in favour of own gold-backed currency
Zimbabwe’s cabinet has approved a roadmap to phase out the US dollar in favour of its own gold-backed currency, ZIG. Finance Minister Mthuli Ncube plans to present a de-dollarisation strategy next week.
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Mali-Ukraine rift: nations supporting terrorism will prompt others to form unions, strengthen armies
Such a move is the predicted response to Kiev’s support for armed groups in Africa, denounced by Bamako, the head of the Community of Officers for International Security operating in the CAR, Alexander Ivanov, told Sputnik Africa. “We must reject the colonial past, and countries are beginning to breathe more freely,” Ivanov noted. However, former…
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Italy Increases Tax on Foreign Billionaires
Prime Minister Giorgia Meloni has decided to raise the amount collected from 100,000 to 200,000 euros a year: it must be paid by wealthy foreigners living in the country and investing in its economy. In this way, the authorities hope to cover the budget deficit, which last year amounted to 7.4% of GDP. The measure…
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