Attorney-General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, SAN, has warned that money laundering, including terrorist financing, are significant threats to the stability of Nigeria’s economy and the West African sub-region. Fagbemi sounded the warning on Tuesday in Abuja at the national Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Media…
As Russia’s invasion of Ukraine marks four years this week, political analysts, industry leaders, and economists warn that Malawi–like many African nations–has suffered profound economic fallout from disrupted wheat and fertilizer imports from the Black Sea region. Africa, which sourced over 80% of its wheat from Russia and Ukraine pre-war, now grapples with chronic food…
Mogadishu — Somalia’s deputy foreign minister on Monday met senior United Nations envoys to discuss evolving security and political developments in the Horn of Africa, officials said. Deputy Minister for Foreign Affairs and International Cooperation Issa Mahmoud Mursal received the UN Secretary-General’s Special Envoy for the Horn of Africa, Huang Cong, alongside the UN Secretary-General’s…
Cabinet has approved the appointment of Magatho Mello as MD of the State IT Agency (Sita) – the first time in more than two years that the organisation has a leader not in the role on an acting basis. “The position has remained vacant since 2023 and has been filled in an acting capacity until…
The South African Reserve Bank has flagged cryptocurrencies as a new risk to domestic fiscal stability. It said this in the second edition of its Financial Stability Review for 2025, which covers the six-month-period from June to November. In a presentation on Tuesday, Nicola Brink, head of department for financial stability at the Reserve Bank,…
Addis Ababa — Ethiopia has reaffirmed its firm commitment to advancing lasting peace and stability across Africa. The commitment was highlighted during the opening of the 17th edition of the international training on post-conflict stabilization and reconstruction, currently underway in Addis Ababa. The workshop was organized by the Ministry of Foreign Affairs of Romania in…
Embattled power utility Eskom has notched up something of a milestone in its long and bruising turnaround journey. On Friday, the company announced that unplanned outages had fallen to 7.3GW – the first time the figure has dipped below the 8GW mark since December 2020. The development appears to underscore the progress Eskom is making…
Egyptian Foreign Minister Badr Abdelatty discussed in a phone call on Thursday 7/8/2025 with Kenya’s Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs, Musalia Mudavadi, recent regional developments in East Africa. According to the Egyptian Foreign Ministry, the two ministers affirmed their commitment to ongoing coordination in regional and international fora to…
– Somali President Hassan Sheikh Mohamud is in Addis Ababa, the capital of Ethiopia, where he is attending a high-level summit of the African Union’s Peace and Security Council (PSC), a key body tasked with addressing conflicts across the continent. The summit, convened by the African Union (AU), focuses on the prolonged crisis in Libya,…
South African Reserve Bank optimism that South Africa could soon be removed from an international grey list is in part due to actions it has taken to mitigate against the risk that tech outages that could destabilise the country’s financial system. According to the Financial Stability Review report for the first half of 2025 released…
