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Africa’s World Cup Dream Ends

The 2018 World Cup dream ended Thursday night for Africa, after a particularly destructive first phase for the participating five African nations. No African team will participate in the knockout stages, a first since the 1986 World Cup. Senegal, Africa’s last hope in the tournament, was eliminated from the World Cup after it lost 1-0 […]

Europe should stop exploiting Africa- Pope Francis

Europe should stop exploiting Africa and invest in ways that benefit the continent more, Pope Francis said in an interview while discussing the migration of Africans to Europe. According to the Supreme Pontiff of the Universal Church, European countries must invest in Africa, but invest in an orderly way and create employment, “not go there […]

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Africa: Swedfund Commits $14.7 million to Evolution II Energy Fund

Swedfund, Sweden’s development finance institution that supports companies in Africa, Asia, Latin America and Eastern Europe, has invested SEK 126m in the Evolution II Fund, which is focused on clean energy supply and resource efficiency in Sub-Saharan Africa. Evolution II invests in affordable, least-cost, low-carbon clean energy infrastructure projects and promotes growth in resource efficiency […]

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Billions of dollars in remittances flowed to Africa in 2017 – Report

The World Bank and other development partners have revealed that the total money transfers by African migrants to their region or country of origin surged from $34 billion in 2016 to $38 billion, in 2017. The amount includes intra-African transfers. According the Word Bank’s report “Migration and Remittances: Recent Developments and Prospects”, released on April […]

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King of Morocco: AfCFTA fulfils African youths’ ambition to build a strong, integrated Africa.

The Launch of the African Continental Free Trade Area fulfils African youths’ desire and ambition to build a strong, integrated Africa and is a critical step towards the achievement of multifaceted development in the continent, said King Mohammed VI of Morocco. This came in a speech the Monarch addressed to the Extraordinary Summit of heads […]

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South-South Cooperation, One of Best Tools for Africa’s Emergence – King of Morocco

King Mohammed VI of Morocco has once again stressed on Friday the importance of the promotion of South-South cooperation as a means to meet the legitimate expectations of African populations and ensure Africa’s emergence. In a message he addressed to participants in the 4th edition of the Crans Montana Forum, which kicked off Friday in […]

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US Secretary of State Rex Tillerson starts week-long first Africa trip

The United States will give more than $533 million in humanitarian aid for victims of conflicts and drought in Ethiopia, Somalia, South Sudan and the West and Central African countries bordering Lake Chad, US Secretary of State Rex Tillerson said. Tillerson made the announcement at a speech in Virginia before departing for a week-long trip […]

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Africa: Mauritius attracts 90% of India’s foreign direct investment

The Indian think tank group, Observer Research Foundation, in a research note published on February 21 revealed that one single country has collected 90% of Indian direct investment flows to Africa between 2008 and 2016. According to the think tank, Mauritius received $47.6 billion Indian investments during the period, becoming the only African country where […]

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Africa: Conflict, climate change behind hunger of 224 million – UN

About 224 million people are suffering from malnutrition in Africa as effects of climate change and conflicts bite, the United Nations warned on Monday. According to the UN Food and Agriculture Organization (FAO), the situation is a “cause of concern” as the continent’s population was expected to reach 1.7 billion by 2030. The rise in […]

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Towards a single air transport market in Africa

The African Union is planning to launch an African single air transport market with 40 plus countries expected to be signatories. So far, 23 African countries out of 54 have subscribed to the single African air transport market. In his New-Year address, the President of the African Union Commission, Moussa Faki Mohamed, indicated that the […]

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