Sudan Imposes Ban on Kenyan Imports as Relations Sour Sudan has announced an immediate ban on all imports from Kenya in response to Kenya's decision to host leaders of Sudan's opposing civil war factions. This bold move marks a significant escalation in diplomatic tensions, as Sudan accuses Kenya of meddling in its domestic affairs.The Sudane...

 The U.S. Export-Import Bank has reauthorized a $4.7 billion loan for TotalEnergies' Mozambique liquefied natural gas (LNG) project. Initially approved under the Trump administration, the project faced delays due to security concerns in Cabo Delgado. This funding is crucial for the ambitious $20 billion initiative, aiming to position Mozambiqu...

 Regional Impact The involvement of Angola as a mediator introduces a new dynamic in the longstanding conflict, seeking to facilitate dialogue and de-escalate tensions. Angola's President, João Lourenço, has expressed optimism that these negotiations could pave the way for a lasting peace agreement. The initiative also underscores Angola's gro...

Enhancing Trade PartnershipsAccording to analysts, Nigeria's impressive trade performance in 2024 is attributed to strategic government policies and improved infrastructure, which have facilitated smoother trade operations. The diversification of export products is also seen as a crucial factor, although petroleum products remain dominant. The gove...

 Delta Air Lines is expanding its African presence with new routes set to launch in late 2025. Starting October 25, 2025, the airline will introduce thrice-weekly flights between Atlanta and Marrakech, Morocco, making the city more accessible to U.S. travelers. Additionally, beginning December 1, 2025, Delta will offer seasonal daily nonstop f...

 Nigeria's electricity generation has jumped 30% this week, nearing a peak of 6,000 megawatts (MW) following upgrades to the country's aging power infrastructure. Despite having the capacity to generate 13,000 MW, outdated transmission lines have long limited supply, forcing consumers to rely on costly generators.  Sule Abdulaziz, head of...

 Africa and the Caribbean are strengthening economic ties, with trade between the regions expected to reach nearly $2 billion annually in the coming years. The African Export-Import Bank (Afreximbank) has pledged $1 billion in financing to support Guyana's booming oil sector, facilitating partnerships with companies from Ghana, Egypt, and Sout...

 British International Investment (BII), the development finance arm of the UK government, has teamed up with Ghana International Bank (GHIB) in a $50 million trade finance agreement. This partnership is aimed at supporting businesses across seven African countries: Sierra Leone, Liberia, The Gambia, Benin, DR Congo, Rwanda, and Tanzania. The ...

Введите какой-нибудь текст ... China's growing presence in Africa has been amplified by the Trump administration's decision to freeze billions in foreign assistance. However, experts argue that China's involvement won't serve as a direct replacement for the long-established programs of USAID. While China seeks to establish itself as a trusted partn...

 Ethiopia is constructing Africa's largest airport, a four-runway facility near Bishoftu, 25 miles from Addis Ababa, expected to serve 110 million passengers annually. The "Mega Airport City" is set to cost £6 billion for its first phase, with completion anticipated by 2029.  Ethiopian Airlines' CEO, Mesfin Tasew, highlighted the ambitiou...

 Sending money to sub-Saharan Africa remains a significant financial burden for many families, particularly those dependent on remittances from relatives living abroad. As of mid-2024, the average remittance fee stands at a staggering 8.37% per transaction. This percentage is not just a number; it represents a profound challenge for low-income...

 In the fourth quarter of 2024, Nigeria's GDP surged by 3.84% year-on-year, marking its strongest growth in three years. This rebound was largely driven by a 5.37% expansion in the services sector, pushing full-year growth to 3.40%, up from 2.74% in 2023. Although this impressive performance falls short of President Tinubu's ambitious 6% targe...

 Volkswagen, the renowned German automotive company operating from Wolfsburg, is poised to revolutionize agriculture in Nigeria by introducing cutting-edge e-tractors. This groundbreaking initiative, unveiled by Nigeria's Foreign Affairs Minister, Hon. Yusuf Maitama Tuggar, following fruitful discussions with Germany's Katja Keul at the G20 Fo...

 In a significant development, investors holding Ethiopia's $1 billion defaulted bond have raised concerns over the International Monetary Fund's (IMF) recent analysis of the country's debt relief requirements. The bondholders, who collectively own 40% of Ethiopia's sovereign debt, argue that the IMF has failed to accurately account for Ethiop...

 Microsoft has revealed an ambitious plan aimed at empowering one million Nigerians with artificial intelligence and digital skills within the next two years. This initiative, funded with $1 million, is in collaboration with organizations such as Tech4Dev and Data Science Nigeria. Microsoft believes that AI will be a significant force in drivi...

 South Africa's government has confirmed that it is open to nuclear energy proposals from Russia and Iran as it seeks to add 2,500 megawatts to its existing Koeberg nuclear plant. Minister of Mineral and Petroleum Resources, Gwede Mantashe, emphasized that no country will be prohibited from submitting bids, despite concerns from the United Sta...

 Former Mauritian Prime Minister Pravind Jugnauth has been granted bail by a magistrate in the country's capital, Port Louis. Detectives from the state-run Financial Crimes Commission had arrested and charged Jugnauth with money laundering after they discovered approximately $2.5 million during a search of his home.  The magistrate, Risha...

In a dramatic turn of events, Tigran Gambaryan, a prominent executive at Binance, has levied serious allegations against three Nigerian lawmakers. Gambaryan's claims center around an alleged bribe request amounting to a staggering $150 million in cryptocurrency. This scandalous accusation has captured the attention of many and raised questions abou...

 Babacar Seck, Managing Partner at Askya Investment Partners, challenges the narrative that Africa is unprepared for the artificial intelligence revolution, arguing that the continent is uniquely positioned to become a major player in the AI arena. He emphasizes that AI is not just another tech trend but the foundation for future value creatio...

 The Nigerian Export Promotion Council (NEPC) has disclosed that Nigeria exported 7.2 million tons of non-oil products, valued at $5.45 billion, in 2024. According to Dr. Nonye Ayeni, the NEPC's director, the West African country exported 20.7% more non-oil produce in 2024 than in 2023, expanding its export destinations to 126 countries. ...