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Kenya’s economy grew faster than anticipated in the first quarter after the agriculture sector snapped four consecutive quarters of contraction. Gross domestic product in the three months through March rose 5.3% from a year earlier, compared with an downwardly revised 3.7% in the previous quarter, Kenya National Bureau of Statistics said in an emailed report […]
Ghana clinched financing assurances from a bilateral creditors group that China and France are co-chairing, paving the way for the International Monetary Fund’s board to approve a $3 billion bailout. The official creditors committee formally constituted Friday, and its members are committed to negotiating with Ghana terms of a restructuring of their claims to be […]
A firm belonging to the son of Nigeria’s president-elect bought an $11 million London mansion that his predecessor’s government was seeking to confiscate as part of a probe into one of the biggest corruption scandals in the West African nation’s history, according to previously unreported UK company documents. There’s no suggestion that President-elect Bola Tinubu […]
Morocco is purchasing Russian diesel and other refined products at discounted prices and re-exporting the fuel to Spain, El Mundo reported on Friday, citing ship tracking sources. Data from navigation tracking portal Vesselfinder showed that, on April 28, at least three tankers were heading from Russia’s Baltic ports to Morocco carrying approximately 170,000 tons of […]
China’s top diplomat has called for developing nations to have more of a say at the UN Security Council. Wang Yi’s remarks came a week after Russian Foreign Minister Sergey Lavrov made a similar suggestion, saying Western powers are overrepresented in the key international body. During a meeting with Kuwait and Austria’s ambassadors to the […]
Nigerian President-elect Bola Tinubu returned to the West African country before his inauguration in May, after more than a month away in France. The former governor of Lagos state landed in the capital, Abuja, on Tuesday, according to a statement by his spokesman, Tunde Rahman. Tinubu is scheduled to take over from his ruling party […]
Ghana’s move to restructure its local-currency and overseas debt has resulted in the first loss on record for two of the West African nation’s top banks. GCB Bank Plc, the country’s largest lender by assets, posted a 593.4 million cedis ($50.5 million) net loss for the year to end-December, its first since 1993 when Bloomberg started maintaining […]
The South African government has decided to again attempt a withdrawal from the International Criminal Court (ICC), President Cyril Ramaphosa announced on Tuesday. His statement comes as the forthcoming BRICS summit, to be hosted in Durban in August, has been handed a logistical problem by The Hague’s based organization’s targetting of Russian President Vladimir Putin. […]
Italy offered Tunisia a prospect of money in exchange for economic and political reforms as EU foreign ministers discussed on Monday how to respond to growing instability in a country that is a gateway for African migration to Europe. With the number of people crossing the Mediterranean in smugglers’ boats on the rise, Italy’s conservative […]
South African opposition politician Thapelo Amad resigned as mayor of Johannesburg less than three months after he was elected to the role with the backing of members of the African National Congress seeking to regain influence over South Africa’s richest city. Amad, a member of the Al Jama-ah party, which has just 1% of the seats in […]
In the spirit of better late than never, the Special Inspector General for Afghanistan Reconstruction (SIGAR) has published an…
Multiple airstrikes and heavy fighting rocked Sudan’s capital after a proposed cease-fire to halt days of clashes between the…
Bain Capital plans to capitalize on lower pricing for tech companies with a new $2.4 billion tech-focused private-equity fund…
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