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Brazil Police arrest Teodorin Obiang, top aides with $1.4m cash, watches

A delegation, led by Teodorin Obiang Mang, the son of Equatorial Guinea’s president, has been detained by federal police and revenue authorities in Brazil last weekend after they arrived in the South American country with over $1.4 million cash and watches worth $15 million. According to the Brazilian newspaper globo.com, the 11-man delegation arrived in […]

Inter-ethnic violence: Deadly clashes hit Ethiopia

A weekend of ethnic violence on the outskirts of Ethiopian capital Addis Ababa left several dead and hundreds displaced, police and officials said. According to local media, a well-organized and ruthless gang prey on residents with knives, stones or iron bars in Ashewa Meda, Burayu, Anfo, Keta and Asko areas of Oromia region. The attacks […]

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‘Wind of hope’ blowing through Horn of Africa, says UN chief

There is a powerful wind of hope blowing across the Horn of Africa region, said UN chief António Guterres on Sunday, in Saudi Arabia, where he attended the signing of a peace agreement between Ethiopia and Eritrea, ending decades of simmering conflict. Saudi Arabia facilitated the agreement, and in a message on Twitter, the Foreign […]

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U.S. to keep sanctions, pressure on Zimbabwe – Official

The United States government will not lift sanctions against Zimbabwe until the new government demonstrates reforms, a senior U.S. economic official told a congressional panel on Thursday. The United States imposed sanctions against Zimbabwe in early 2000, after they accused ex-president Robert Mugabe of trampling on human rights and press freedom, and rigging elections. The […]

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Kenya’s external position is strong – IMF

The International Monetary Fund said Kenya’s external position is strong and it will continue to support its reform efforts through policy advice. Kenya secured a six-month extension for its stand-by credit arrangement of $989.8 million from the fund in March. The second review of the IMF-supported program has not been completed, and the program has […]

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Cholera outbreak: Zimbabwe police ban public gatherings

Zimbabwe’s police on Wednesday banned all public gatherings to control the spread of cholera in the Southern African nation. In a statement, the national police spokeswoman Charity Charamba urged members of the public to take heed of the ban as it would assist in alleviating the spread of cholera. The move came after the Government […]

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South Africa will not face sanctions over land reform – Ramaphosa

President Cyril Ramaphosa on Tuesday said there was no reason to believe that any country would impose sanctions on South Africa over land reforms. The controversy began last month when Trump tweeted that he had asked Secretary of State Mike Pompeo to “closely study the South Africa land and farm seizures and expropriations and the […]

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Angola’s Lourenço appointed leader of ruling MPLA party

Angolan President Joao Lourenço was elected last weekend head of the ruling MPLA party, marking the end of Jose Eduardo dos Santos’ 39-year authority. Member of Parliament and former journalist Luisa Damiao has been elected as the new Deputy President of the ruling party. She becomes topmost female officials of the party. The top echelons […]

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Sudanese president dissolves government as economic crisis deepens

Sudanese President Omar al-Bashir on Sunday dissolved the government and appointed Motazz Moussa as the country’s new Prime Minister, a ruling party official said. Moussa who was Sudan’s irrigation and electricity minister before the Cabinet’s dissolution will form a smaller government to tackle a growing economic crisis, Faisal Hassan Ibrahim, a top aide to President […]

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AfDB approves $15 million Equity Investment to boost SME growth in West Africa

The Board of Directors of the African Development Bank has approved a $15 million equity investment in Verod Capital Growth Fund III, a private equity fund that will make investments in high growth middle market companies in Anglophone West Africa including Nigeria, Ghana, Liberia, Sierra Leone and the Gambia. The Fund’s investments will be in […]

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