Category: Development
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Arab and African leaders join forces for development
The African Union (AU) and the Arab Bank for Economic Development in Africa (BADEA) have announced a new partnership to accelerate development across the continent. The Arab-Africa Financial Consortium (AAFC), launched during the 6th AU Mid-Year Coordination Meeting in Accra, Ghana, aims to unlock significant financial resources for Africa’s progress. “We face complex and multifaceted…
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Chile to speed up construction of maximum security prison to fight organized crime
Chile will speed up construction of a new maximum security prison in the region that encompasses the capital city of Santiago to help fight organized crime, President Gabriel Boric announced on Thursday. The new facility will cost an estimated $95.4 million (90 billion Chilean pesos) and house around 500 maximum security inmates as part of…
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Seychelles, Africa’s second most developed country πΈπ¨
It has Africa’s highest minimum wage ($426 monthly), literacy rate (95.9%) and GDP per capita. It has Africa’s most powerful passport with easy access to 153 countries/territories. Free healthcare. 3.5% unemployment rate. Seychelles πΈπ¨ is the only African country classified as “high-income” by the world Bank. The world’s largest seed, the seed of the Lodoicea…
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Belarus redirects tractor exports to Africa: Are African countries interested in Belarusian agricultural machinery?
Belarus, one of the world’s leading tractor manufacturing countries, recently announced plans to redirect its agricultural machinery exports to the African continent after the European Union blocked tractor imports from the Eastern European country on July 1. However, EU restrictions were not the only factor behind the Belarusian government’s decision to shift exports to African…
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Tunisia urges Europe to increase assistance to tackle migration crisis
Tunisia’s prime minister urged European countries on Wednesday to increase financial assistance to his country and others to help tackle the flow of migrants from sub-Saharan Africa. Tunisia has faced protests by local residents and extra financial costs over migrants arriving from other countries in the hope of travelling on to Europe by sea, risking…
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Tanzania aims for 3 million tonnes grain storage capacity by 2030 to bolster food security
President Samia Suluhu Hassan has recently directed the National Food Reserve Agency (NFRA) to expand its grain storage capacity to a massive three million tonnes within the coming six years. The ambitious goal was announced during the president’s inspection of new modern silos and warehouses under construction in Mpanda Municipality, Katavi Region. “This project, worth…
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The Price of Gold Reaches New Historic High: An Analytical Insight
The historical prices of gold per troy ounce for the last five years: These figures reflect the general trends in gold prices over the last five years, highlighting a steady increase, particularly during times of economic uncertainty and market volatility. In an unprecedented turn of events, the price of gold has surged to a historic…
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Liberia: Govβt, Others Sign US$ 20.4m Coastal Defence Project
The government of Liberia through several lines of Ministries and agencies over the weekend signed a US$20.4M climate change Memorandum of Understanding (MoU) aimed at creating a sustainable and resilient future for the coastal communities in Sinoe County. The signing ceremony which was held at the Ministry of Financeβs tenth-floor conference room is in fulfillment…
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BRICS has the potential to challenge the current “archaic” global financial architecture, says Ethiopian Foreign Ministry Spokesperson
Speaking on the benefits of BRICS membership for African countries, including Ethiopia, which joined the bloc in January, Ambassador Nebiyu Tedla emphasized that engagement with BRICS should focus on advancing African countries’ own development agendas. “It is crucial for the African countries to ensure that any engagement with BRICS is aligned with their long-term economic…
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Zimbabwe launches long-awaited hearings for Gukurahundi massacre reconciliation
This initiative, launched by President Emmerson Mnangagwa, aims to address the lingering pain and grievances stemming from the brutal killings of tens of thousands of civilians by government troops in the 1980s. The process will involve a series of hearings where survivors will share their experiences and their opinion on how they want the Gukurahundi…
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