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28

Major Nigerian Oil Pipeline Resumes Operations After Explosion

 Nigeria's vital Trans Niger Pipeline (TNP) is back in operation after a blast last week temporarily halted flows, according to Renaissance Group. The pipeline, which transports up to 450,000 barrels of Bonny Light crude per day, is a key export route for Africa's largest oil producer, accounting for about 15% of Nigeria's daily output.  ...

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март
26

500-Year-Old Shipwreck Discovered in Namibian Desert Yields Treasure Trove

In 2008, diamond miners in Namibia's desert uncovered the Bom Jesus, a Portuguese ship lost in 1533 enroute to India. The wreck contained approximately 2,000 gold coins and tens of thousands of pounds of copper ingots, all remarkably well-preserved.  Additional artifacts included bronze bowls, cannons, navigational instruments, and elephant tu...

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март
26

Namibia’s First Female President Pledges Economic Diversification and Job Creation

On March 21, 2025, Netumbo Nandi-Ndaitwah was inaugurated as Namibia's first female president, marking a historic milestone for the nation. In her inaugural address, she emphasized plans to diversify the economy beyond its traditional reliance on natural resources.  A key component of this strategy includes boosting investments in the agricult...

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  141 просмотров
март
23

Ivory Coast’s Economic Revival Sparks Hope for a Second Miracle

 Ivory Coast, once scarred by civil wars, is now on the path to significant economic revival, igniting hopes for a second miracle similar to the prosperous era of the 1980s. With a population of 31 million, the nation stands out in a region that has been grappling with instability and rising inflation. Bernard Ayitee, a hedge-fund manager with...

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  144 просмотров
март
23

AI Rapid Growth Risks Widening Africa’s Digital Divide

 Africa is facing a significant challenge as it attempts to keep pace with the rapid growth of artificial intelligence. The continent's limited digital infrastructure is a major barrier that could result in it lagging behind other regions in the AI revolution. David Martinon, the French Ambassador to South Africa, has highlighted the critical ...

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март
19

South Africa Pushes for Formula One Comeback

 After a long absence of more than three decades, the excitement surrounding the prospect of Formula One returning to Africa is palpable. South Africa is making significant strides to host a Grand Prix in 2027, marking a potential resurgence of high-speed motorsport on the continent. Should Pretoria's bid be successful, the thrilling competiti...

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  127 просмотров
март
19

South Sudan’s Great Antelope Migration: Earth’s Largest Overland Mammal Migration

 The Great Nile Migration in South Sudan has captured the attention of ecologists and wildlife enthusiasts alike, as it stands as the largest overland mammal migration on our planet. This phenomenon surpasses even the iconic wildebeest migration of the Serengeti, showcasing a remarkable spectacle of nature. Each year, around six million antelo...

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  149 просмотров
март
19

New African Film Festival 2025 Highlights Diverse Cinema from Africa

The 2025 New African Film Festival in Washington, D.C. is set to showcase an impressive selection of 29 films from 19 African nations. This year's festival will highlight a variety of narratives across multiple genres, including historical dramas, coming-of-age tales, and thought-provoking documentaries. Among the standout films is "Dahomey" by Mat...

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  144 просмотров
март
16

Sudan Halts Kenyan Imports Amid Rising Diplomatic Tensions

 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...

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  146 просмотров
март
16

U.S. Reapproves $4.7 Billion Loan for Mozambique LNG Project

 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...

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март
14

Angola Steps In to Mediate Congo-M23 Peace Talks

 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...

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март
14

Nigeria’s Trade Surplus Hits $14.31B as Africa Becomes Top Export Market

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...

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март
12

Delta Air Lines Expands African Routes with New Flights to Marrakech and Accra

 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...

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март
09

Nigeria’s Power Generation Surges 30% Amid Grid Overhaul

 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...

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  148 просмотров
март
09

Africa and the Caribbean Strengthen Trade Ties in $2 Billion Push

 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...

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март
06

UK Strikes $50M Deal to Boost Trade in Africa

 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 ...

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март
06

China Won't Replace USAID in Africa Despite U.S. Aid Cuts

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...

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март
06

Ethiopia’s New Four-Runway Airport to Be Africa’s Largest

 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...

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март
03

High Remittance Costs Burden Sub-Saharan Africa Despite Tech Advancements

 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...

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фев
27

Nigeria Marks its Strongest GDP Growth in Three Years

 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...

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