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Category: International Business & Finance

Rescue efforts ongoing after Southern Ethiopia’s deadly mudslide

The search for survivors of a mudslide that claimed the lives of at least 229 people in southern Ethiopia continued on Tuesday. The death toll, which increased significantly from the initial count of 55, included many individuals who attempted to rescue survivors, according to local authorities. The disaster in Ethiopia’s remote Kencho Shacha Gozdi district…
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July 26, 2024
South Africa makes history with first female chief justice

In a landmark appointment, South African President Cyril Ramaphosa has named Mandisa Maya as the country’s first female Chief Justice, marking a significant step toward gender equality in the judiciary. Maya, currently the Deputy Chief Justice, will assume her new role on September 1, succeeding Raymond Zondo whose term will end on August 31. This…
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July 26, 2024
One year of CNSP leadership in Niger: “Many things have changed for the better”

“Today, Niger is a very attractive country and we’re seeing a gradual return of all the technical and financial partners,” Ibrahima Namaiwa, an independent Nigerien consultant, argued in an interview with Sputnik Africa. Among those changing their minds about Niger are the World Bank, the IMF and the UN. “They understand that the country is…
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July 26, 2024
Tunisia celebrates 67th Republic Day

Yesturday, Thursday, July 25, 2024, the North African nation celebrates the 67th anniversary of the establishment of the Republic of Tunisia. The proclamation of the Republic came on July 25, 1957, a year and a half after the declaration of independence from France, when the then National Constituent Assembly unanimously decided to abolish the monarchy.
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July 26, 2024
“The emergence of signs of a new multipolar world order has encouraged the youth of Africa and some of its rulers to break free from the perceptions

“The emergence of signs of a new multipolar world order has encouraged the youth of Africa and some of its rulers to break free from the perceptions of inferiority,” says a candidate for the Algerian presidential election In an interview with Sputnik, Youcef Aouchiche said that the rise of the multipolar world freed young Africans.…
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July 25, 2024
Valdai forum in Tanzania: Participants of the new world order will formulate its rules themselves, expert says

On Wednesday, the Valdai Discussion Club, a prominent Moscow-based think tank, is holding its second Russian-African conference under the theme “Russia-Africa: Strategy of Cooperation in a Multipolar World.” It is being held for the first time on the territory of Africa – in Dar es Salaam, Tanzania. “The most important aspect is that this is…
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July 25, 2024
Dangerous Sunspots, M-Class Solar Flares & CME’s: Latest Weather Report July 24, 2024

The solar flaring activity was at moderate level during the last 24 hours with multiple C-class flares and three M-class flares. The strongest flare was an M3.6 flare from active region (AR) 3751 which peaked at 07:42 UTC on July 24. During the flare, the source region (AR 3751) of the flare had beta-gamma-delta configuration…
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July 25, 2024
Russia and Tanzania discuss transition to trade in national currencies, Russian ambassador says

In addition to the Russian ruble and the Tanzanian shilling, the banks of the two countries are considering the use of the currencies of India, China and other BRICS countries, Andrey Avetisyan told Sputnik. “The prospects of transition to trade in national currencies are being discussed between our banks… If Tanzanians see that Russia’s trade…
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July 25, 2024
Gold rush: African nations seek safe haven amid currency woes

African nations are turning to gold in a bid to protect their economies from the turbulent global landscape. Geopolitical tensions, currency fluctuations, and rising inflation have prompted a rush to bolster gold reserves as a hedge against economic instability. This trend is expected to continue, with the World Gold Council anticipating that around 20 central…
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July 24, 2024
Zambia aims for copper boom: 40% production increase by 2027

Zambia, Africa’s second-largest copper producer, is expected to increase its copper production by 40% to one million tonnes by 2027, up from 700,000 tons in 2023. This ambitious target is outlined in Zambia’s Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy. This includes addressing issues at major mines, initiating production…
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July 24, 2024