African News
Nigeria’s sports facilities expert, Ebi Egbe, has congratulated Mr. Samson Adamu, on his appointment as Ag. General Secretary of the Confederation of African Football (CAF). Egbe who is the CEO of Monimichelle Sports Facilities Limited said in his congratulatory message to Adamu that hard work and diligence earned the Nigerian that exalted position in CAF….
Mozambique has overtaken Senegal as Africa’s most distressed sovereign borrower, as rising global energy costs add pressure to its finances. The country’s sovereign yield spread widened to 1,473 basis points, surpassing Senegal’s 1,423 basis points, according to data tracked by JPMorgan Chase. Spreads above 1,000 basis points are widely seen as a sign of distress….
African Export-Import Bank (Afreximbank) is pleased to announce that it has underwritten US$2.5 billion in the US$4-billion senior syndicated term loan in favour of Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). Afreximbank and Access Bank were appointed co-Mandated Lead Arrangers for the five-year facility to consolidate existing financing, optimise its capital structure and align with…
[This Day] Cheta NWANZE argues that the Gulf crisis is no more a distant spectacle as it has landed directly on Nigerian fuel pumps, and hit the dinner tables
NAIROBI — Kenya Pipeline’s national under 20 women’s volleyball team have been backed to fly the national flag high at this month’s African Club Championships in Egypt. Kenya Pipeline Company managing director Joe Sang says the team have exhibited consistency, discipline and commitment qualities throughout their journey. “Our team emerged as the third best team…
Kigali’s threat to remove its security forces exposes the limits of Mozambique’s fragile, natural resource-driven security strategy. Senior Rwandan government figures have threatened to withdraw their troops from Mozambique’s Cabo Delgado province if sustainable international funding for the mission is not found. Kigali’s 14 March threat coincided with Mozambican President Daniel Chapo’s visit to Brussels…
The World Bank Group, the African Development Bank, and The Rockefeller Foundation launched a new Mission 300 Private Sector Council to mobilize the billions in private investment needed to connect 300 million Africans to electricity by 2030 while unlocking job creation across the continent. Fourteen leaders from diverse sectors will help drive strategies to crowd…
Namibian TikToker Jamie-Lee Loss (23) won TikTok star of the year award in Pretoria, South Africa, at the Emerge Star Africa Awards on Sunday. The awards celebrate trailblazers, change makers and influential individuals, brand and organisations across various sectors in Africa. Loss, who was born and raised in Windhoek, has transformed a “boredom-induced” TikTok account…
The war involving Iran is pushing fuel prices higher across Africa, forcing governments to take emergency measures as supply tightens and costs rise, according to a Bloomberg report. Several countries have moved to cushion the impact. Namibia is cutting fuel levies, while Kenya plans to use petroleum taxes to cap prices. In Egypt, authorities imposed…
The European Union has launched the EU Humanitarian Surge Support initiative, a two-year initiative designed to reinforce the humanitarian community’s ability to respond rapidly, coherently and predictably to crises and emergencies worldwide. By building on the long-standing expertise of NORCAP and iMMAP, the initiative ensures that surge deployments are fast, efficient and complementary to ongoing…
