THE IMF announced on Wednesday the completion of the third review of Zambia’s Extended Credit Facility, approving an immediate disbursement of $569.6 million. Additionally, the IMF has increased its total financial assistance to Zambia from $1.3bn to $1.7bn to help…
SADIBA Koulibaly, the former second-in-command to Guinea’s ruling general Mamady Doumbouya, died in detention on June 24, just days after being sentenced by a military court. Koulibaly, who was sentenced to five years on June 14 for desertion and weapon…
US Secretary of State Antony Blinken expressed gratitude to Kenyan President William Ruto in a phone call on Wednesday for his efforts to de-escalate tensions in Kenya. The country has been rocked by widespread protests over a controversial tax bill,…
THE calls for restructuring Nigeria have intensified over recent years, reflecting the country’s deepening economic and political challenges. Various proposals have come forth, including the creation of the United States of Nigeria or the United Regions of Nigeria. These ideas…
A RECENT report by the United Nations Conference on Trade and Development (UNCTAD) reveals that foreign investment flows to Africa saw a slight decline in 2023. Despite this overall drop, significant investments in the clean energy sector emerged as a…
FOLLOWERSHIP is often perceived as a passive role within leadership dynamics, yet its importance in shaping and influencing leaders cannot be overstated. The relationship between leaders and followers is a complex and dynamic interplay that significantly impacts the effectiveness, ethicality,…
BLOOMER Chocolate, North America’s largest cocoa processor, has unveiled a new product aimed at providing confectioners with a cost-effective alternative to cocoa butter amidst soaring cocoa prices. The product, launched on Tuesday, is designed to help candy makers manage the…
AFRICA Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, has announced the closing of a $150 million senior loan with Kamoa Copper. This loan will support the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC).…
NIGER has announced that the Imouraren uranium mine, one of the largest in the world, is now under public control after the government revoked the operating licence of French nuclear fuel producer Orano. This move highlights increasing tensions between Niger’s military rulers…
NAMIBIA, the world’s third-largest producer and Africa’s largest producer of uranium, is drawing new investments spurred by a recent surge in uranium prices. Australian mining company Gibb River Diamonds has acquired two significant uranium projects in the country, further solidifying…
