Category: International Business & Finance
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Ethiopia committed to African peace and development, chief of leadership academy says
๐ช๐น Ethiopia is dedicated to bolstering peace, development, and democracy across Africa through the cultivation of effective leadership, Zadig Abraha, President of the African Leadership Excellence Academy (AFLEX), said. Highlighting the academy’s initiatives aimed at fostering capable leadership, he revealed that over the past two months alone, more than 120 leaders from African countries have…
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๐๐ผ๐ ๐ฑ๐ผ๐ฒ๐ ๐ฉ๐๐ฆ๐/๐ ๐ฎ๐๐๐ฒ๐ฟ๐ฐ๐ฎ๐ฟ๐ฑ ๐บ๐ฎ๐ธ๐ฒ ๐บ๐ผ๐ป๐ฒ๐?
This 6-step diagram shows the economics of the credit card payment flow: 1๏ธโฃ The cardholder pays a merchant $100 to buy a product. 2๏ธโฃ The merchant benefits from the use of the credit card with higher sales volume, and needs to compensate the issuer and the card network for providing the payment service. The acquiring…
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Nestle program to increase income of bean farmers in Africa leaves workers below living wage, report says
๐ The Swiss food giant has enrolled 11,000 farming households in the leading agricultural region of Cote d’Ivoire in a program that pays farmers $535 in bonuses, and is expanding the program to neighboring Ghana. “Those in the program still earn almost $3,000 a year below the amount of just over $7,500 thatโs needed to…
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Africans today feel closer to Russia and its people than to the Western world, says Pan-African activist
๐ท๐บ ๐ “Today there is an awareness. The vision that people have of Russia is Russia fighting for a multipolar world, Russia helping African countries to liberate themselves, to secure their countries and also to bring stability to the world,” Egountchi Behanzin, the president of the NGO African Black Defense league (LDNA) , in an…
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The International Criminal Court (ICC) may issue arrest warrants this week for Israeli Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant, and senior Israeli military officials, reports say
๐ฎ๐ฑ The International Criminal Court (ICC) may issue arrest warrants this week for Israeli Prime Minister Benjamin Netanyahu, Defense Minister Yoav Gallant, and senior Israeli military officials, reports say Israel is reportedly working via diplomatic channels to prevent the warrants from being issued. At the same time, the ICC was quoted as saying that it…
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Americans continue their expansion in Africa: USAID Administrator Samantha Power promotes Lobito corridor investment in Angola
๐บ๐ธ๐ฆ๐ด๐ Samantha Power, the Administrator of the U.S. Agency for International Development (USAID), recently visited Angola, where she met with the country’s President and toured the port of Lobito and the Benguela railway. Her visit underscored the United States’ support for the Lobito corridor project, a vital component of the Global Infrastructure and Investment Partnership…
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Burkina Faso authorities accuse Human Rights Watch (HRW) of trying to discredit the country’s image and the professionalism of its armed forces
๐ง๐ซ This came after the organization released a report accusing the Burkinabe army of deliberately killing 223 civilians, including more than 50 children, in the country’s villages of Nodin and Soro on February 24, 2024. ๐ The country’s government rejected and condemned these “baseless accusations,” noting that Burkinabe forces “at the risk of their lives,…
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Liberia puts a wartime logger in charge of its forests
Liberiaโs new president, Joseph Boakai, has appointed a timber trader linked to illegal logging to head the agency responsible for the countryโs forests. Rudolph Merab, a longtime ally of Boakaiโs, was tapped to lead the Forestry Development Authority in February, prompting alarm from environmental advocates in Liberia, who say Merab lacks the required qualifications for…
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Algeria’s plans for Maghreb integration
The holding of the Algeria-Libya-Tunisia trilateral summit on April 22 at the initiative of Algerian President Abdelmajid Tebboune marks his ambitions to unify the Maghreb. At the trilateral meeting in Tunisia, the Maghreb heads of state assessed the scale of the problems they face and ways to address them. Overall, the discussions concluded that Algeria,…
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“Strategic displacement”: expert talks US withdrawal from Chad
๐น๐ฉ๐บ๐ธ “In the case of what we are seeing in Chad, I think this is something that points to the growing decline of the influence of Western security forces over the geopolitical dynamics of the Sahara,” Prof. Freedom C. Onuoha, Coordinator at Security, Violence and Conflict Research Group at the University of Nigeria Nsukka, told…
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