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Africa

Ramaphosa appoints Tito Mboweni finance minister after Nene quits

President Cyril Ramaphosa, promptly replaced South African Finance minister Nhlanhla Nene, who resigned Tuesday, with former central bank governor, Tito Mboweni. Nene considered a very close ally of Ramaphosa, resigned on Tuesday following financial scandals involving the Gupta family. He reigned after meetings with the business family. Mr Nene was a leading figure in the Read more

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Africa News

Report: Anti-corruption Whistle blowers flee South Africa for safety

Two South African whistle-blowers who leaked explosive emails revealing alleged corruption by powerful figures in the country have reportedly fled the country for safety. A report stated “they couldn’t trust the authorities to protect them.” This and other details have been revealed at a judicial inquiry into the corruption that flourished under former President Jacob Read more

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Africa Press Release

Government of Madagascar announces opening of bidding round at Africa Oil Week

The Government of Madagascar has announced the opening of the Madagascar bidding round at Africa Oil Week. The bidding round continues to highlight the importance of the Oil Week and the fact that it continues to drive new business opportunities for exploration companies in Africa. OMNIS, in partnership with Africa Oil Week, TGS and BGP, Read more

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Africa Press Release

CHRDA condemns Cameroon governments travel permits requirement, restrictions in Anglophones regions

YAOUNDE, Cameroon, September 18, 2018/ The Center for Human Rights and Democracy in Africa (CHRDA ) has called on all Anglophones and Francophones in Cameroon and the international community to speak out against this hateful policy CHRDA, the leading human rights organization working to realize human rights in Cameroon,  strongly condemns the decision by the Read more

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Africa AGENCY REPORT International

US growing concern over currency swaps between Africa, China

The U.S. is concerned that increased currency swap agreements between China and African nations will reduce visibility into financial transactions and will make it harder to prevent money laundering, a senior U.S. sanctions official said. Marshall Billingslea, the U.S. Treasury Department’s assistant secretary for terrorist financing, told a congressional hearing that while there was greater Read more

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AFP Africa AGENCY REPORT

Final farewell to UN’s Kofi Annan at Ghana state funeral

AFP>>> World dignitaries laid to rest former UN secretary general Kofi Annan in his native Ghana on Thursday, with calls to keep alive the legacy of a “stubborn optimist” to create a better, more peaceful world. His widow Nane Maria led hundreds of mourners, including world leaders past and present, traditional rulers and global royalty, Read more

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Africa Business Press Release

African Development Bank’s Board approves Policy on Non-Sovereign Operations

ABIDJAN, Ivory Coast, September 12, 2018/ –The Board of Directors of the African Development Bank Group has approved the Bank’s Policy on Non-sovereign Operations (NSO). The document provides the framework within which the Bank through its private sector lending window may provide financing or investment without sovereign guarantees to private and public entities that meet Read more