Faith Nyasuguta Tanzanian authorities have reached a deal with the International Monetary Fund (IMF) to disburse a $151 million loan to help boost the nation’s recovery amid headwinds from global shocks that have plummeted growth. The figure is subject to approval by the lender’s executive board and will bring IMF’s total financial support to Tanzania […]
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Faith Nyasuguta The African Union has condemned comments by the Tunisian President Kais Saied suggesting people from sub-Saharan Africa in the country were linked to criminality. In a statement on Twitter, the African Union (AU) said it “strongly condemns the racial statements on fellow Africans in Tunisia”, without directly referring to Saied. The Chairperson of the […]
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Faith Nyasuguta In 2022, African investors may have shared the least percentage of investment scams in cryptocurrency which hit $5.9 billion globally. However, the continent’s investors were scammed more through investment and giveaway tricks, signalling the risk of high appetite to buy into the craze. Kenya, Nigeria, and South Africa ranked among the leading countries […]
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Faith Nyasuguta South Sudan has suspended the use of the US dollar and instead called on all transactions be executed in the local currency, the South Sudanese pound (SSP), in a move projected to stifle economic activity in the war-ravaged economy. Majority of transactions in the nations are done using the US dollar, largely due […]
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Faith Nyasuguta On Thursday, fifteen African nations abstained from the UN vote against Russia as the UN General Assembly in New York overwhelmingly backed a resolution condemning Russia’s invasion of Ukraine a year ago. Some 28 African nations supported the vote. The resolution was calling for the withdrawal of troops from Ukraine and a halt […]
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Faith Nyasuguta Thomas Sankara, Burkina Faso’s ex-leader and anti-colonial icon alongside 12 of his followers were on Thursday buried at the site of their 1987 assassination in Ouagadougou. About 100 relatives gathered in the capital by 13 coffins draped in the national flag. Senior state officials including Prime Minister Apollinaire Kyelem de Tembela were in […]
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Faith Nyasuguta The powerful tropical Cyclone Freddy tore through parts of Madagascar 🇲🇬 on Wednesday, killing four people on the Indian Ocean island, according to disaster management authorities. A man ,27, drowned in rising sea waters on Tuesday just before the storm, which packed winds of around 130kmh, made landfall. However on Wednesday, authorities put […]
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Faith Nyasuguta Tanzania has given its approval for the construction of a $3.5 billion crude oil pipeline despite human rights and environmental concerns about the mega-project. The 1,443-kilometre (900-mile) pipeline is set to transport crude oil from vast oilfields being developed in Lake Albert in northwestern Uganda to a Tanzanian port on the Indian Ocean […]
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Faith Nyasuguta Jill Biden, the US First Lady will this week visit Namibia 🇳🇦 and Kenya 🇰🇪, making her first trip to the African continent as First Lady amid a deepening desire to improve relations with Africa. She has already visited Africa five times before, including when her husband was Vice-President in the Obama administration, but […]
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Faith Nyasuguta A new study has revealed that there was an increased number of women of colour in leading roles across the top-grossing movies of 2022. The Annenberg Inclusion Initiative conducted a new research study examining the gender, race, ethnicity and age of lead and co-lead actors across the 100 top-grossing movies each year from […]
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