African News
107 Killed in Central African Republic Gold Mine Collapse An artisanal gold mine collapse in Zamboye, western Central African Republic, has killed at least 107 labourers. The death toll is rising sharply as rescue teams recover more bodies from the rubble. Several people remain missing or trapped underground, and authorities expect the toll to…
South Africa and Zimbabwe must move beyond their strong historical and political ties and translate their bilateral relationship into tangible economic opportunities, including investment, trade, jobs, infrastructure and improved livelihoods. This was a message delivered by International Relations and Cooperation Minister Ronald Lamola, on Thursday, at the opening of the Ministerial Meeting segment of the…
Heads of state, agriculture and finance ministers and investors meet in Kigali from August 31 for the Africa Food Systems Forum, the continent’s largest agricultural gathering. They arrive with an opportunity: to build a food system that holds up against what is coming – climate change, biodiversity loss and declining soil health, alongside our dependence…
Africa Finance Corporation raised CHF 350 million, or about $431 million, through a 5-year digital bond as the infrastructure lender expands its funding sources. The August 12 issue is reportedly the first digital bond from an African institution to be listed, traded and settled through regulated digital market infrastructure. It carries a 1.4925% coupon and…
Moody’s Ratings affirmed Africa Finance Corporation’s A3 long-term issuer and senior unsecured ratings, citing stronger capital, solid liquidity and stable asset quality as the infrastructure lender expands its balance sheet. The outlook remains stable. Moody’s also affirmed AFC’s Baa3 junior subordinated rating and P-2 short-term issuer rating. The rating agency said AFC’s capital position has…
Ninety One has closed its third Africa Credit Opportunities Fund with $404 million, including leverage, as the investment manager expands private lending to companies and infrastructure projects across Africa and other emerging markets. Investors include development finance institutions, pension funds and family offices from Africa, Europe, the UK, the US and Canada. The fund, known…
Twenty years after toxic waste from the cargo ship Probo Koala was dumped across Abidjan in Côte d’Ivoire, the disaster remains an open wound for many victims and a symbol of wealthy countries sending unwanted waste to Africa. On 19 August 2006, more than 500 tonnes of harmful substances unloaded from the ship were dumped…
The road to the sixth edition of the CAF Women’s Champions League will begin in August, with the six zonal qualification tournaments set to determine the teams that will join defending champions AS FAR in the final tournament. AS FAR have already secured their place in the final phase as reigning champions. They will be…
Olivier Karekezi believes the competitive nature of CAF Interclub football played an important role in preparing him for the next stage of his career abroad. The former Rwanda international began his career with APR FC before moving to Sweden, where he joined Helsingborgs IF. He later returned to APR before continuing his career with Tunisian…
On Foreign Interest, the Ideal Militia, and What a Coloniser Prays He Leaves Behind My grandmother never said displacement. She said: we left the house and the water took it. But the water did not take it. The state took it. A state that had been making that decision for decades, in different languages, with…
