Oil prices hit one-week low after US, Iran pause fighting over weekend
Oil prices tumbled 7% on Monday, hitting a one-week low, after the U.S. and Iran paused strikes over the weekend following two weeks of attacks, raising hopes of... Read more.
Africa facing $10billion to $20 billion economic hit from ‘super’ El Niño, AfDB climate chief warns
An impending “super” El Niño is expected to inflict a combined $10 billion (R168bn) to $20bn hit on affected African countries and trigger mass migration... Read more.
Senegal’s President Faye launches new party, cementing ruling camp split
Senegal’s President Bassirou Diomaye Faye has launched a new political party, formalising his break with former prime minister Ousmane Sonko and the ruling... Read more.
Ugandan diplomat Otunnu joins race to become next UN head
Ugandan diplomat Olara Otunnu has joined the contest to become the next secretary-general of the United Nations, the seventh contender to succeed Antonio Guterres... Read more.
Liberia seizes $317 million of cocaine bound for Europe, police chief says
Monrovia – Liberian authorities have seized cocaine with a street value of around $317 million (R5.3 billion) that was bound for Europe, a senior police official... Read more.
African Rainbow Minerals approves Bokoni platinum project, nickel mine restart
African Rainbow Minerals (ARM) said on Thursday its board has approved a phased R15.2-billion upgrade of its Bokoni platinum group metal operations as well as the... Read more.
African banks bet on debt guarantees to lure private capital to infrastructure projects
With aid budgets shrinking and development finance under pressure, African governments and development banks are increasingly turning to debt guarantees to attract... Read more.
Donald Trump praises Nigeria’s efforts against violence towards Christians
President Donald Trump praised Nigerian President Bola Tinubu for his actions against violence, according to a letter released by Nigeria’s presidency on Wednesday,... Read more.
Congo presses ahead with local ownership rule for miners despite industry concerns
The Democratic Republic of Congo will begin enforcing a long-delayed requirement for mining companies to offer local ownership stakes from July 31, the mines ministry... Read more.
Cameroon’s ruling party meets as President Paul Biya’s long absence draws criticism
Cameroon’s ruling party called a rare meeting of senior leaders on Wednesday as criticism mounted over the continued absence of President Paul Biya (93), who... Read more.
