Faith Nyasuguta Facing steep U.S. tariffs, Madagascar is seeking increased investment from the United Arab Emirates (UAE) to bolster its tourism and energy sectors. The U.S., Madagascar’s third-largest trading partner, imposed a 10% universal tariff in April 2025, down from an initially threatened 47%, prompting Madagascar to diversify its economic partnerships. Trade Minister David Ralambofiringa […]
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Faith Nyasuguta Uganda’s Parliament has approved a €500 million ($568 million) loan package to finance critical infrastructure projects, despite mounting concerns over the country’s escalating public debt. The loan will be sourced from three regional lenders: €270 million from the African Export-Import Bank (Afreximbank), and €230 million jointly from Ecobank Uganda and the Development Bank […]
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Faith Nyasuguta Devastating floods in Mokwa, a town in Nigeria’s north-central Niger State, have claimed over 200 lives, with at least 500 people still missing, according to local officials. The deluge, triggered by relentless rainfall, swept through Tiffin Maza and Anguwan Hausawa, leaving behind a trail of destruction and despair in what is being called […]
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Faith Nyasuguta South Africa’s economy is facing a storm. In just the first four months of 2025, a staggering 482 businesses have shut down, according to new data from Statistics South Africa (Stats SA). In April alone, 109 businesses were liquidated – a clear sign that the nation’s business climate is deteriorating under both internal […]
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Faith Nyasuguta Burkina Faso is setting its sights on a brighter economic future through gold, planning a significant boost in industrial gold production in 2025. The military-led government is betting on the return of dormant mines and the launch of new projects to power its economy, even as Western investors continue to pull out over […]
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Faith Nyasuguta In a strategic move to bolster its energy security and mend strained ties with the United States, South Africa has proposed a decade-long agreement to import liquefied natural gas (LNG) from the US. The proposed deal, unveiled during President Cyril Ramaphosa’s recent visit to Washington, aims to import between 75 to 100 petajoules […]
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Faith Nyasuguta Mauritanian economist Sidi Ould Tah has been elected the next president of the African Development Bank (AfDB), beating four contenders to secure the top role at the institution’s annual meeting held in Abidjan, Ivory Coast. He is set to officially take over on September 1, 2025, succeeding Nigeria’s Akinwumi Adesina, who has completed […]
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Faith Nyasuguta Uganda has taken a significant step toward diversifying its energy portfolio by signing a contract with Korea Hydro & Nuclear Power Company Ltd (KHNP) to assess potential sites for its nuclear energy program. This collaboration marks a pivotal moment in Uganda’s ambition to integrate nuclear power into its energy mix, aiming to generate […]
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Faith Nyasuguta In a case that deeply shocked South Africa, Racquel “Kelly” Smith, 35, has been sentenced to life imprisonment for trafficking her six-year-old daughter, Joshlin Smith, who vanished in February 2024 and remains missing. Smith’s boyfriend, Jacquen Appollis, and friend, Steveno van Rhyn, were also convicted and received identical sentences. The trio was found […]
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Faith Nyasuguta Elon Musk has officially walked away from his role in the Trump administration, signaling a sharp break with the president over what the tech billionaire calls a bloated and counterproductive spending bill. Musk’s departure marks the end of his high-profile stint as the head of the Department of Government Efficiency (DOGE), a cost-cutting […]
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