Eye on Africa

Zimbabwe’s gold-backed currency, the ZiG, recently achieved a significant milestone by recording its largest single-day gain against the U.S. dollar in 2023. This remarkable change can be attributed to a surge in gold production alongside a bolstered reserve of foreign currency, reflecting a new chapter in Zimbabwe’s economic narrative. On Friday, the ZiG appreciated by 0.2%, trading at 26.89 per dollar. This shift was particularly noteworthy, considering it marked only the twelfth instance of the currency…

Strengthening Bonds: Somalia and South Africa's Diplomatic Dialogue Pretoria (AX) – On a notably sunny Friday afternoon, the serene atmosphere of Pretoria buzzed with enthusiasm as two prominent figures in international diplomacy came together for a pivotal meeting. Somali Minister of Foreign Affairs and International Cooperation, Abdisalam Abdi Ali, sat down with South Africa’s Minister of International Relations and Cooperation, Ronald Ozzy Lamola. Their discussion was more than just another diplomatic gathering; it was…

Mogadishu (AX) — Strengthening International Support for AUSSOM The Somali government has once again placed a heartfelt call for robust international support to enhance the African Union Transition Mission in Somalia (AUSSOM). This appeal isn’t just about finance; it’s about fostering a sense of global responsibility toward stabilizing a nation that has faced significant challenges for decades. Sustained financial aid, along with long-term funding solutions, are not mere line items on a budget; they are…

In a recent press briefing that took place at the Governor’s Office in Ibadan, the Director-General of the Oyo State Agribusiness Development Agency (OYSADA) and Executive Adviser to Governor Seyi Makinde on Agribusiness and International Cooperation, Dr. Debo Akande, shared a wealth of insights regarding the state’s burgeoning agribusiness sector. As he commenced the Omituntun 2.0 Inter-Ministerial Briefing, a palpable sense of optimism filled the room. It was evident that the future of agribusiness in Oyo State is…

A Significant Step Towards Peace: The Rwanda-DRC Peace Deal The President of Rwanda recently made headlines with a candid statement regarding the ongoing negotiations with the Democratic Republic of the Congo (DRC). Stating firmly that he won’t tolerate any deceptive maneuvers from his neighbors, he reflects a growing sentiment among leaders who yearn for stability in a turbulent region. But what does this mean for the peace deal brokered by the United States, and for the future of both nations? Last week, in a historic…

The Revival of Libya's Petroleum Sector: A New Era of Opportunities The landscape of global energy is shifting, and at the center of this transformation lies Libya, a North African country rich in oil and gas resources. Major players in the industry, including ExxonMobil, Chevron, TotalEnergies, and Eni, are beginning to take note of the country's revitalized petroleum sector. It's a change ripe with promise, both for Libya and for the international energy market. Recently, Masoud…

As we look toward the future, the Bank of Ghana (BoG) has demonstrated commendable progress in bolstering the nation’s economic foundations. By the end of June 2025, Ghana’s gold reserves had surged to a notable 32.99 tonnes, a significant leap from the 32.16 tonnes recorded just a month prior. This consistent growth underscores Ghana's strategic efforts to shore up its foreign exchange buffers and enhance economic stability. According to the latest statistics from the central bank, Ghana's gold reserves have appreciated…

The recent revelations regarding a mining company's alleged involvement in trafficking conflict minerals from the Democratic Republic of Congo (DRC) illuminate a complex and troubling chapter in the region's ongoing struggles. According to a report by Reuters, this marks a significant moment as it is the first time the United Nations has explicitly named an organization purportedly complicit in such activities since the M23 rebel group seized control of vital mining territories last year. The confidential UN…

In a significant ruling, the Supreme Court has upheld the conviction of Prime Minister Ousmane Sonko for defamation, a verdict first delivered in January 2024. This decision pertains to accusations against him for attempting to tarnish the reputation of former tourism minister Mame Mbaye Niang. The ramifications extend far beyond the courtroom, playing a pivotal role in the political landscape of the nation. As the Supreme Court dismissed Sonko’s appeal for a reversal, the implications for his political career became…

In today's rapidly evolving world, the integration of financial services with health solutions is more than just a trend; it's a necessity. This collaboration is designed to provide customers with a holistic experience that seamlessly blends banking with premium healthcare offerings. Dr. Ena Tychus, the CEO and Founder of GETMEDCO, shared her excitement about this innovative partnership. With a palpable sense of pride in her voice, she remarked, "We are incredibly proud of this…