insert_link Africa Dangote’s bid buy crude in Nigerian currency approved Nigeria's government has approved the sale of crude oil to the Dangote refinery in the local currency, the Naira. The government asked the state-owned oil company, Nigerian National Petroleum Company Limited to sell the crude to Dangote and other refineries with immediate effect. The decision puts an end to the dispute between Dangote refinery and oil regulators over crude supply. Reuters reports that the $20 billion Dangote refinery, Nigeria's […] todayJuly 30, 2024 11
insert_link Africa Biden Administration supports AGOA re-authorisation The Biden administration is supporting the early extension of the African Growth and Opportunity Act, allowing over 30 sub-Saharan African countries to maintain duty-free access to the U.S. market. Joy Basu, the Deputy Assistant Secretary of State in the Bureau of African Affairs, confirmed this during a press briefing, saying the United States supports an early re-authorization before AGOA expires in September 2025. Since its enactment in 2000, the […] todayJuly 30, 2024 18
insert_link Africa Namibia and Zambia parliaments exchange notes on privileges and disciplines A delegation from the Zambian Parliament is currently visiting Namibia to study and exchange information on the procedures for handling matters related to members' privileges and discipline. The delegation, composed of members from the Committee on Privileges and Absences, will be engaging with its Namibian counterparts during their seven-day visit. Leader of the delegation, Malungo Chisangano, praised the cordial bilateral relations between the SADC neighbours, which he said […] todayJuly 30, 2024 12
insert_link Africa Human Rights Watch Says RSF Accused of Widespread Sexual Violence in Sudan Sudan's paramilitary, Rapid Support Forces have been accused of committing extensive sexual violence, including gang rapes and forced marriages, in the capital Khartoum during their conflict with the armed forces, according to a report by Human Rights Watch released on Monday as per Reuters. The report also mentioned some attacks attributed to the army, with the RSF allegedly holding women and girls in conditions that may constitute sexual slavery and […] todayJuly 30, 2024 4
insert_link 4 Africa Ethiopia Secures $3.4 Billion IMF Agreement Amid Currency Reforms Ethiopia has reached an agreement with the International Monetary Fund for a new $3.4 billion financing program, as announced by the IMF on Monday says Reuters. This agreement follows Ethiopia's decision to float its birr currency, a significant move aimed at securing IMF support and advancing a long-overdue debt restructuring process. The country, grappling with high inflation and persistent foreign currency shortages, became the third African economy to default on […] todayJuly 30, 2024 6 4
insert_link Africa Cheaper data beckons in Africa as satellite internet roll-out intensifies By Conrad Onyango, bird story agency A year after the introduction of commercial-scale satellite internet by Elon Musk’s Starlink in Africa, significant developments are beginning to reshape the continent's internet landscape, with cheaper and faster internet increasingly available in Africa as satellite infrastructure rollouts expand and competition among providers intensifies. In May, Liquid Intelligent Technologies, a major internet player with a presence in 14 countries […] todayJuly 29, 2024 51
insert_link Africa SADC assessing Namibia’s readiness to hold November elections A team from the SADC Electoral Advisory Council (SEAC) is currently in Namibia on a pre-election mission to assess the country’s readiness to hold the general elections later this year. Leonard Sesa, who represents Botswana in the council, told Nampa on Monday that they are in the country for a duration of two weeks to engage with different electoral stakeholders. “Our main task is to meet different […] todayJuly 29, 2024 19
insert_link Africa Eenhana Expo kicks off The 14th edition of the Eenhana Trade and Business Expo started on Monday and is being held under the theme ‘Reviving local economy through business resilience, innovation, and diversification.’ In an interview with Nampa on Monday, town council spokesperson, Ottilie Shingenge said they have a total of 192 exhibitors, two of which are international exhibitors from Zambia and Zimbabwe. According to Shingenge, this year’s expo is bigger […] todayJuly 29, 2024 19
insert_link Africa Ethiopia eases forex curbs as it awaits crucial bailout By Aymeric Vincenot Ethiopia said Monday it is easing foreign exchange curbs as part of a broader economic reform package, as the deeply-indebted nation awaits a multi-billion dollar bailout from international lenders. The value of the local currency, the birr, slid by around 30 percent against the dollar after the announcement of the measures by the central bank. "The reform introduces a competitive market-based determination […] todayJuly 29, 2024 6
