Category: International Business & Finance
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Boat capsizes on a lake in eastern Congo, killing at least 50 people, witnesses say
A boat carrying scores of passengers capsized on Lake Kivu in eastern Congo on Thursday, killing at least 50 people, according to witnesses. It was not immediately clear exactly how many people were on board or how many perished but witnesses said they saw rescue services recover at least 50 bodies from the water. They…
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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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Mureza Auto’s electric vehicles to feature local African materials at competitive prices
Mureza Auto’s upcoming electric vehicles will use local materials, making them unique in the market, Tatenda Mungofa, CEO of South African Mureza Auto Company, told panafrican.email “Our upcoming electric vehicles will be using lithium from Zimbabwe, a few other minerals from South Africa. So that already makes us unique,” he shared. Mungofa also highlighted the…
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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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Satellites will allow the AES to strengthen its defense and secure communications
Satellites will allow the AES to strengthen its defense and secure communications, Malian minister says Earlier this week, the AES ministers announced the upcoming implementation of a satellite communication and remote sensing project, with Russian support. Malian Minister of Economy Alousséni Sanou specified the advantages of the telecommunications satellite project in an interview with Sputnik…
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At least 9 dead, 48 missing after migrant boat capsizes in Spain’s Canary Islands
At least nine migrants died and 48 are missing after their boat capsized early on Saturday near the Spanish island of El Hierro, rescue services said, in what threatens to be the deadliest such incident in 30 years of such crossings to the Canary Islands. The emergency services were able to rescue 27 of 84…
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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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A visa-free travel agreement between Russia and Zimbabwe can be signed in November
A visa-free travel agreement between Russia and Zimbabwe, aiming at boosting passenger traffic between the two countries, is being considered, with a potential signing on the sidelines of the fifth meeting of the bilateral Intergovernmental Commission in Moscow on November 5-7, Russian Ambassador to Zimbabwe Nikolay Krasilnikov told Russian media. Currently, a single entry visa…
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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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