THE African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners launched the Pan-African Payment and Settlement System (PAPSS) on Thursday in a bid to boost the intra-African trade. The move followed the successful piloting of…
SIX of Seychelles’ most prominent citizens including the former First Lady Sarah Zarqani-René are facing charges in a corruption scandal involving $50 million of missing foreign aid. The money was a gift to the country 20 years ago from the…
NIGERIAN Government has lifted the ban on the micro-blogging site of Twitter in Nigeria following approval by President Muhammadu Buhari. This was disclosed by the Chairman, Technical Committee Nigeria-Twitter Engagement, Kashifu Inuwa Abdullahi. While making known the government’s decision in…
By ABDULLAHI RABIU, Kano KANO state Executive Council has approved the sum of N500, 000 million as counterpart fund for the implementation of a Six years World Bank assisted project tagged: Agro Climatic Resilience in Semi-Arid Landscapes (ACReSAL). The State…
BARRICK Gold, which owns Mali’s biggest gold mine complex Loulo-Gounkoto, says its mines in the country have ‘thus far not been affected’ by sanctions imposed by the Economic Community of West African States. The 15-state regional bloc imposed tough economic…
MALI’S army-dominated government has called for nationwide demonstrations on Friday against stringent sanctions imposed by the West Africa bloc ECOWAS over delayed elections. The Sahel state’s interim government stated Monday night that the sanctions – which include border closures and…
BHP Group has invested $40 million in a Tanzania nickel project, UK-based private company Kabanga Nickel said on Monday, the first new bet by the world’s biggest miner in Africa in years. BHP has not been active in Africa since…
KENYAN President Uhuru Kenyatta inspected the ongoing construction of the KSh40bn (about $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96 percent complete, is wholly funded by…
Through its support for the further development of the renewable energy generation sector in Botswana, the project also contributes to the Mega Solar initiative The Sustainable Energy Fund for Africa (SEFA) (bit.ly/3JQ7ilg), managed by the African Development Bank (www.AfDB.org), has…
CHINA’S Foreign Minister Wang Yi has rejected allegations that Beijing was luring African countries into debt traps by offering them massive loans, dismissing the idea as a ‘narrative’ pushed by opponents to poverty reduction. Wang, speaking ahead of touring Beijing-funded…
