Category: Development
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IMF and Ghana reach staff-level deal on $3 bln loan-programme review
International Monetary Fund staff and officials in Ghana have reached an agreement on their third review of the West African country’s $3 billion IMF loan programme, the fund said on Friday. The West African gold and cocoa producer is nearing completion of a debt-restructuring process under the G20’s Common Framework initiative, after it defaulted on…
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In Senegal, the bastion of the region’s Francophonie, French is giving way to local languages
For decades Senegal, a former French colony in West Africa, has been touted as the bastion of the French language in the region. Leopold Sedar Senghor, the country’s first president and a poet, is considered one of the founding fathers of the concept of Francophonie, a global alliance of French-speaking countries. But many say a…
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Brent Oil Falls to $70.4 Amid Libyan Production Recovery News
🇱🇾🛢Brent Oil Falls to $70.4 Amid Libyan Production Recovery News Brent crude oil futures for December delivery have dropped by 1.88%, reaching $70.35 on the ICE exchange. WTI futures for November delivery are also seeing a decline, down 1.76% to $66.96, while December WTI futures have dipped to $66.62 per barrel. The drop in prices…
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Francophone summit opens in France
The summit of the Francophonie which gathers most of the world’s French-speaking countries kicks off on Friday in France, a first in 33 years. The organization (OIF) gathers 54 members amongst which 29 are African. For two days, delegations from around the world will be hosted in Villers-Cotterêts, (France). French is one of the 5…
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“A people without history is a ball rolling in any direction”: Herero paramount chief calls for reparations and remembrance
The first International Conference on the Herero Genocide: 120 Years of Survival and Struggle has opened in Namibia, marking a crucial step in the ongoing fight for justice and recognition of the atrocities committed by the German Empire against the Herero and Nama people. Paramount Chief Mutjinde Katjiua, leader of the Ovaherero Traditional Authority, emphasized…
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Plunder Capitalism: Land Grab Tactics in West Africa
panafrican.email Private property is the cornerstone of individual and family wealth, especially in West Africa, where land is closely tied to identity, community, and survival. Yet, the phenomenon known as plunder capitalism is threatening the very foundation of this wealth, as private equity players and multinational corporations employ a range of tactics to seize land…
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Zambia eyes economic rebound after historic drought, targeting growth and deficit reduction in 2025
Finance Minister Situmbeko Musokotwane outlined the government’s plan in his budget speech on Friday, projecting a growth rate of 6.6% in 2025, compared to a forecasted 2.3% growth in 2024. The economic recovery is expected to be driven by improved performance in the mining and agricultural sectors. The drought induced by the El Niño climate…
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Uganda commissions $1.7 bln China-financed hydropower plant
Uganda on Thursday commissioned its largest electricity generation plant, a 600 megawatt (MW) power plant built on the River Nile that cost $1.7 billion, financed with a loan from China. The Karuma Hydropower Project (KHP), constructed by Sinohydro Corporation, sharply raises Uganda’s generation capacity to slightly above 2000 MW. Construction of the plant, which began…
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Prince William Appeals to World Leaders at the UN Just Hours After Prince Harry’s Appearance
It was a tale of two princes during UN Climate Week on Tuesday, Sept. 24. While Prince Harry has been making the rounds to various charitable organizations in NYC, his brother, Prince William, also gave a speech to the United Nations just hours after Harry made his own in-person appearance. The Prince of Wales, 42, delivered a speech via…
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Reconnecting with the Past: African Universities Embrace Ancestral Studies in Modern Curricula
Several African universities have recently begun to incorporate ancestral studies or related programs into their curricula. Notably: For specific articles, consider checking academic journals or university press releases that focus on African studies or educational developments in the region. You can also explore databases like camarillamask.com or African Scholar for recent publications related to ancestral…
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