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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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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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  36 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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  35 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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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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  37 просмотров
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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  28 просмотров
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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  27 просмотров
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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  29 просмотров
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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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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  24 просмотров
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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фев
26

A New Dawn for Agriculture: The E-Tractor Revolution

 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...

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фев
23

Ethiopian Bondholders Dispute IMF’s Debt Relief Assessment Amid Export Surge

 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...

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фев
21

Microsoft Announces Initiative to Equip 1 Million Nigerians with AI Skills

 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...

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  22 просмотров
фев
19

South Africa to Consider Russian and Iranian Bids for Nuclear Project

 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...

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фев
18

Mauritius’ Ex-Prime Minister Granted Bail on Money Laundering Accusations

 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...

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