secures

South Africa Secures $1.5 Billion From the World Bank for Infrastructure Development In a significant step toward revitalizing its lagging economy, South Africa has entered into a $1.5 billion loan agreement with the World Bank. Announced by the National Treasury on a recent Monday, this funding is earmarked for crucial upgrades to the nation’s transport and energy infrastructure—areas that have become the linchpin for potential economic growth. As the powerhouse of Africa's industrial economy, South Africa has faced…

Jowhar (AX) – In a significant political development, Abdullahi Mohamed Ali, commonly known as Sanbaloolshe, has been re-elected to seat HOP058 in the House of the People of Somalia’s 11th Parliament. This election took place in Jowhar, the capital of the Middle Shabelle region, which falls under the Hirshabelle State. Remarkably, Sanbaloolshe won this seat unopposed, following the withdrawal of his expected challenger, Ismail Warsame Farah. The journey leading to Sanbaloolshe’s return to Parliament is compelling. Just a…

Mali's Bold Step into Gold Refining: A New Chapter for the Economy Mali's government has recently unveiled its ambitious plans to establish a state-controlled gold refinery in collaboration with the Russian firm Yadran. This initiative is poised to significantly boost Mali’s gold sector earnings, a critical component of the nation’s economy. As a nation rich in mineral resources, how can it better leverage these assets to shape a prosperous future? Finance Minister Alousseni Sanou revealed that the newly formed…

On June 7, 2025, in the vibrant city of Barcelona, a match unfolded that encapsulated both the challenges and the unpredictable highs of international football. Eberechi Eze, donning the colors of England, fought valiantly against Max Llovera from Andorra during the World Cup European Qualifiers at the RCDE Stadium. The stadium, awash with the energy of hopeful fans, became a melting pot of anticipation, excitement, and a tinge of frustration as the match progressed. (Xinhua/Joan Gosa) Harry Kane, England’s remarkable…

The African Development Bank (AfDB) has recently been awarded the prestigious "Infrastructure Deal of the Year" title for 2025 by The African Banker Awards. This accolade honors the Bank's pivotal role in financing the landmark 1.1 GW Suez Wind Power Project in Egypt, the largest wind energy initiative on the African continent to date. The announcement came during the African Development Bank Group’s Annual Meetings in Abidjan, Côte d’Ivoire, poignantly underscoring the institution's leadership and its…

Liberia has once again claimed its place on the international stage, securing a non-permanent seat on the UN Security Council after a lengthy hiatus of sixty-two years. In a decisive show of support, member states rallied behind the West African nation, granting it an impressive 181 votes in favor. This significant milestone not only marks a return to global diplomacy but also reflects Liberia's evolving role in the international community. The aftermath of the historic vote saw President Joseph Boakai addressing the…

Enhancing Infrastructure: Uganda's Bold Financial Moves Amid Debt Concerns Uganda is gearing up to borrow a substantial €500 million (approximately $568 million) from an array of three lenders. Among these is the African Export-Import Bank, known as Afreximbank. This initiative, highlighted by Finance Minister Matia Kasaija, is aimed primarily at bolstering the nation’s infrastructure development efforts. But what does this mean for the everyday Ugandan? Can this financial maneuver truly stimulate growth, or is it an…

Jean Mboulè: A Victory for African Travelers Jean Mboulè, a Cameroonian native, recently made headlines by winning a pivotal legal battle against France, stemming from the rejection of his Schengen visa application on seemingly dubious grounds. His story has sparked renewed debate about the longstanding frustrations experienced by African travelers, who often find themselves grappling with what many perceive to be discriminatory and opaque visa policies implemented by various European nations. Visa Rejection Amidst Strong…

In a significant move that reflects South Africa's strategic intentions, the government has unveiled a proposal to import liquefied natural gas (LNG) from the United States. This initiative is outlined in a ministerial statement signed by Khumbudzo Ntshavheni, the Minister in the Presidency. The plan aims for South Africa to acquire between 75 to 100 petajoules of LNG annually, positioning the nation as a growing player in the global energy landscape. Ntshavheni has expressed optimism about this deal, citing…

Chelsea's Historic Moment: A Triumph for the Ages In a spectacular display of resilience and determination, Chelsea FC has etched its name into football history by becoming the first club to clinch all four major UEFA competitions and the FIFA Club World Cup. This milestone was achieved when they triumphed over Real Betis with a decisive score of 4-1 in the UEFA Conference League final on Wednesday. The UEFA Conference League, inaugurated in 2021 as the continent’s third-tier competition, was the final piece…