Category: International Business & Finance
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Wells Fargo’s Plan to Privatize the Post Office: Implications for Pan-African Nations and Global Shipping
A newly released memo from banking giant Wells Fargo has exposed a predatory scheme to dismantle the United States Postal Service (USPS). The plan involves selling off profitable segments of the USPS, slashing union jobs, and drastically increasing prices—by as much as 140 percent—for postal services. If implemented, this privatization effort would not only devastate…
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🇰🇪 Going e-mobile on motorcycle
With adverse effects of climate change quite prevalent today, a silent revolution is underway as electric automobiles begin transforming the way people commute. Compared to gas-powered automobiles, electric motorbikes offer efficiency, eco-friendliness and a touch of modern technology. The net effect of burning fossil fuels on the environment has resulted in the destruction of the…
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🇸🇳 Senegal Faces Potential Delay in IMF Support Due to Debt Data Concerns
Senegal’s efforts to restore financial support from the International Monetary Fund (IMF) may face delays as the global lender seeks clarification on how the country’s debt data was misreported for years. This development comes at a crucial time for the West African nation, which is navigating economic challenges while preparing for a contentious presidential election.…
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🇸🇱 Pakistan Foils $10 Million Tramadol Smuggling Operation Bound for Sierra Leone
In a significant operation, Pakistani authorities have thwarted an attempt to smuggle 5.6 million Tramadol tablets, valued at approximately Rs2.8 billion (US$10 million), destined for Sierra Leone. Details of the Seizure The Collectorate of Customs Enforcement in Karachi intercepted the shipment, which had been falsely declared as towels. Upon thorough inspection at the Qasim International…
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🇪🇬 Scatec signs PPA with Egypt Aluminium for major solar + BESS project
Scatec ASA, a leading renewable energy solutions provider, today signed a 25-year USD-denominated corporate Power Purchase Agreement (PPA) with Egypt Aluminium for a 1.1 GW Solar PV + 100 MW/200MWh BESS project in Egypt backed by a sovereign guarantee. Egypt Aluminium is the largest aluminium producer and industrial electricity consumer in Egypt and exports approximately…
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Burkina Faso’s President Ibrahim Traoré Rejects Saudi Offer to Build 200 Mosques, Prioritizes Schools and Jobs Instead
In a recent development, Burkina Faso’s President, Captain Ibrahim Traoré, has declined an offer from Saudi Arabia to construct 200 mosques in the country. Instead, he has urged the kingdom to invest in essential infrastructure projects that would directly benefit the Burkinabè people, such as schools, hospitals, and job-creating businesses. President Traoré emphasized that Burkina…
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US and Israel Reportedly Seek Palestinian Resettlement in East Africa: A Diplomatic Powder Keg?
By Tékpwfárí Stíx Él Rá| Pan-African News Blog The United States and Israel are reportedly engaging in high-level discussions with several East African governments about a controversial plan to resettle Palestinians from Gaza. According to sources, officials from Washington and Tel Aviv have contacted representatives from Sudan, Somalia, and Somaliland to explore potential relocation options…
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Kabarnet Museum organizes two-month exhibition to celebrate Makhan Singh
The Kabarnet National Museums in conjunction with Samosa festival has organized a two-month long exhibition in honour of Makhan Singh, the founder of trade unionism in Kenya. Speaking during the launch of the exhibition at the Museums grounds in Kabarnet town on Tuesday, Lilian Amwanda, a curator at the institution stated that the celebration is…
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Africa’s Path to Self-Reliance: Rethinking Foreign Aid and Leadership
For decades, the United States Agency for International Development (USAID) has operated across Africa under the banner of development assistance. With its departure under the Trump administration, many lamented its demise as a blow to progress on the continent. But to Dr. Arikana Chihombori-Quao, former African Union ambassador to the United States, this was not…
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Kemi Badenoch Challenges Prime Minister Starmer on Economic and Defense Policies
In recent parliamentary sessions, Conservative Party leader Kemi Badenoch has delivered pointed critiques of Prime Minister Keir Starmer’s policies, highlighting her concerns over the government’s economic strategies and defense spending. Kemi Badenoch: A Brief Background Born on January 2, 1980, in Wimbledon, London, to Nigerian parents, Kemi Badenoch spent parts of her childhood in Lagos,…
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