Russia Deepens African Ties as West’s Influence Wanes
Russian Foreign Minister Sergey Lavrov arrived in Guinea on Monday, continuing his recent tour of West Africa. His visits come as some African nations grow […]
Ukraine
Africa to brace for further food price increases due to Red Sea crisis
The economic impact of the Middle East conflict on Africa is going to be “substantial”, according to East Africa Business Council (EABC), which is due […]
Angola’s oil revenues fall by more than 20% in 2023
Angola’s oil revenues fell 21.3% in 2023 compared to the same period in 2022, reflecting the drop in the average price of a barrel and […]
South Africa to partner Gazprombank for gas plant despite sanctions against Russia
Just under two years after the outbreak of war in Ukraine, South Africa continues to nurture its ties with Russia, particularly on the economic front. […]
Togolese State acquires minority stakes in Lome-based ASKY
The government of Togo acquired on Monday 14.39% stakes of Ethiopian Airlines-backed airline Asky operating from the Togolese capital Lome for a total investment of […]
Central Bank keeps interest rate in Mozambique at 17.25%
The Monetary Policy Committee (CPMO) of the Bank of Mozambique decided on Wednesday July 26 to maintain the monetary policy interest rate, called MIMO, at […]
Putin will not be attending finally the BRICS Summit in South Africa
Russian President Vladimir Putin will not be attending the Brics (Brazil, Russia, India, China and South Africa ) summit scheduled for the end of August […]
Cape Verde sells half of gold reserves in 2022 totalling 27.4 ME
Banco de Cabo Verde’s (BCV) gold investment portfolio totalled 3.024 billion escudos (€27.4 million), a decrease of 47.03% compared to the previous year, according to […]
UN disburses nearly €43 million in cooperation with Guinea-Bissau
The UN has disbursed about €43 million in cooperation with Guinea-Bissau in 2022, the United Nations Resident Coordinator in the country, Anthony Ohemeng-Boamah, said on […]
Sao Tome in deep crisis after 48 years of independence
The São Toméan President said on Wednesday that the country is going through a deep crisis at various levels, after 48 years of independence, so […]