Category: International Business & Finance
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🇨🇬🇷🇺 Festival of African and Russian culinary traditions held in Brazzaville
On 7 September, a gala dinner of the Pan-African Gastronomy Festival was held at the Russian House in Brazzaville, African Initiative correspondent reported. Chefs from Congo, the DRC, South Africa, Angola, Burkina Faso and Côte d’Ivoire took part in the festival. 💬“The idea of creating the festival arose after a visit to St Petersburg, where…
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🇨🇳🇲🇱 Chinese Armored Vehicles Arrive in Mali
A large column of military equipment arrived in Bamako, September 4 in the evening from Conakry, including Chinese-made VP14 MRAPs and VN22 (B) armored vehicles. At least 110 VP14 MRAPs and 30 VN22 (B) units were counted, along with dozens of container trucks carrying weapons, ammunition, boats, and other equipment. The scale of the delivery…
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🏳️Virtual Gathering: BRICS Summit to Convene Online in September at Brazil’s Request
JOHANNESBURG – The upcoming BRICS summit of emerging economies will be held in a virtual format on September 8, a shift confirmed by India’s Foreign Ministry this week. The online meeting, initiated by Brazil which currently holds the rotating presidency of the bloc, signals a strategic pivot for the group’s first gathering since its historic…
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🇺🇬🇹🇿 Standard Bank is ready to continue financing EACOP after internal review
Standard Bank Ltd. continues to finance the East Africa Crude Oil Pipeline project, carried out by TotalEnergies SE. The $5 billion pipeline will connect oil fields in Uganda with an export terminal in Tanzania. However, the project faces strong opposition from environmental organizations. In 2021, the bank hired an independent consultant to assess its involvement,…
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🇬🇧🇸🇳 British Minister for Africa Visits Senegal as UK Seeks Deeper Footprint
UK Minister for Africa Lord Ray Collins arrived in Senegal on September 1 for a two-day visit focused on expanding bilateral cooperation and attending the African Food Systems Forum in Dakar. The British Embassy described the visit as “an important step in the development of relations between the two countries.” “Senegal is one of the…
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🇧🇫 Burkina Faso Criminalizes Homosexuality Under New Law
Burkina Faso’s transitional parliament has unanimously passed a new law criminalizing same-sex relationships, introducing prison sentences of up to five years and fines. The legislation was adopted on September 1 as part of broader reforms to the country’s family and citizenship codes. Justice Minister Edasso Rodrigue Bayala announced that individuals found guilty of “homosexual or…
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🇱🇷 Liberia: Overhead Bridge Project Kicks off Today
— Huge traffic congestion expected in Congo Town due to ceremony, Public Works Ministry says Major traffic congestion is expected today around the Ministerial Complex area in Congo Town as Liberia officially breaks ground for the much-anticipated China-Aid Overpass Bridges Project, the Ministry of Public Works has warned. The ceremony, set to take place this…
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🇳🇬 Ecobank Nigeria Celebrates Nigerian Art Masters with Special Exhibition in Lagos
Ecobank Nigeria has reaffirmed its commitment to supporting the country’s creative arts industry as it launched a major exhibition in Lagos showcasing the works of legendary Nigerian artists. The exhibition, titled “Enduring Legacies: A Collector’s Tribute to Masters,” opened on Friday, September 5, and will run until Sunday, September 21, 2025, at EPAC Studios in…
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🇬🇦 The Bongo Clan’s Long Shadow: How a Gabonese Banking IPO Sparked a Continental Power Struggle
A planned Initial Public Offering (IPO) for one of Central Africa’s most prominent financial institutions, BGFIBank, has escalated into a fierce legal and corporate battle, exposing the deep-seated tensions between old political networks and new economic ambitions in Francophone Africa. The conflict pits the bank’s current leadership, led by CEO Henri-Claude Oyima—a figure with longstanding…
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🇧🇫🇳🇦 Africa Pushes Back on Foreign Experiments
Burkina Faso has officially suspended the Target Malaria project, a Bill Gates–backed initiative involving the release of genetically modified mosquitoes. Authorities went further, ordering the destruction of all related samples in the country. For Captain Traoré’s government, the move signals a clear rejection of outside control over domestic health policy. Namibia became part of the…
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