Year 2024

Mozambique Tightens Social Media Access Amid Election Crisis

SOCIAL media access was restricted across Mozambique on Thursday, the second time in a week, according to the internet monitoring group NetBlocks. The restriction follows a contentious presidential election on October 9, with the opposition calling for a national strike in protest of…

Ethiopia’s PM Accuses Embassies of Black Market Forex Deals

ETHIOPIAN Prime Minister Abiy Ahmed has accused some foreign embassies of undermining the country’s economy through black market foreign currency dealings. Addressing the House of People’s Representatives, Abiy alleged that certain embassies have been engaging in unauthorised foreign exchange transactions,…

Calls Grow For African Credit Rating Reform Amid $75bn Cost Burden

  AFRICA largest economies are challenging global credit-rating practices that lead to inflated borrowing costs, costing the continent billions each year. Standard Bank Group CEO Sim Tshabalala, speaking at the recent Future Investment Initiative conference in Riyadh, Saudi Arabia, condemned…