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Tanzania Seeks Greater Control Over Its Gold Resources Alongside Africa
In recent times, the landscape of gold mining in Africa has been evolving rapidly, as nations across the continent actively seek to assert more control over their natural resources. This journey toward resource nationalism is gaining momentum, and Tanzania stands at the forefront of this movement. A significant policy decision has just been made, placing Tanzania alongside other African countries that are reevaluating their relationships with foreign mining companies. With rising global gold prices, this initiative…
Egypt’s Foreign Minister and EU Envoy Collaborate for Stability in the Red Sea and Horn of Africa
On Thursday, a significant dialogue unfolded between Egyptian Minister of Foreign Affairs Badr Abdelatty and Annette Weber, the European Union's Special Representative for the Horn of Africa. This meeting, which took place against the backdrop of the annual Oslo Forum in Norway, touched upon a range of critical issues impacting the region, including the harrowing situation in Sudan, ongoing security threats in Somalia, and the essential matter of navigation in the ever-busy Red Sea.
The backdrop of these discussions was…
Five African Nations Join EU’s Money Laundering Blacklist
The Recent Update to the EU Financial Blacklist: Implications for Africa
The European Union (EU) has recently revised its financial blacklist, introducing five African nations—Algeria, Angola, Côte d’Ivoire, Kenya, and Namibia—into a category that raises serious concerns about deficiencies in their anti-money laundering and counter-terrorism financing systems.
This update signifies that these countries are now classified as high-risk jurisdictions. As a result, EU financial institutions must exercise enhanced due…
Three Somali Fishermen Rescued After 45 Days at Sea, Six Months in Libya
Mogadishu (AX) — In a touching reunion that highlighted both human resilience and the complexities of international cooperation, three Somali fishermen, who endured an astonishing 45 days stranded at sea and subsequently spent six harrowing months in a Libyan prison, were welcomed back to their families in Mogadishu on Thursday. This moment came after a meticulous and multifaceted repatriation effort led by the Somali government, alongside various international organizations.
The fishermen — Abdullahi Yusuf Jama, Aweys…
Burkina Faso’s Military Government Seizes Control of Five Gold Mines
Burkina Faso has taken a monumental step toward asserting control over its natural resources by officially transferring five gold mining assets to its state-owned mining company. This move marks a pivotal moment in the nation’s efforts to enhance its sovereignty and economic position in the global mining industry.
This transition was confirmed through a decree published late Wednesday, signaling the completion of a process that began in August 2023. The government’s actions reflect a growing desire to centralize management…
AfDB Greenlights $184.1 Million for Egypt’s Major Solar Initiative
The Dawn of a New Era in Egyptian Renewable Energy
In a significant move towards sustainable energy, the African Development Bank Group's Board of Directors has approved financing of up to $184.1 million for the Obelisk solar project in Egypt. Set against the picturesque landscape of southern Egypt, this venture is on track to become Africa’s largest solar power plant, a testament to the continent's commitment to harnessing renewable resources.
Imagine a sprawling solar photovoltaic (PV) facility paired with a…
Children Flood Kenyan Refugee Ward Amid Urgent Starvation Crisis Following U.S. Aid Reductions
Starvation Warning: Children Fill Kenya's Refugee Ward After US Aid Cuts
In the heart of Kenya’s Kakuma refugee camp, a tragic narrative unfolds. It’s a story marked by uncertainty, desperation, and, above all, a haunting sense of hunger. Hundreds of thousands of individuals find themselves gradually succumbing to starvation, a reality starkly highlighted by recent funding cuts from the United States. A United Nations official has candidly described the situation to the BBC, revealing that food rations have plummeted to…
Global Logistics Leader Makes €500M Investment in Africa and the Middle East
DHL Group is making a substantial commitment to the future of healthcare in Africa and the Middle East by planning to invest approximately €500 million, which translates to about $575 million, in healthcare infrastructure over the next five years. This ambitious initiative seeks to cater to the ever-growing demand for medical logistics and services in these rapidly evolving markets.
This strategic move is, in part, a response to the increasing influence of China in the region. As noted by Bloomberg, the demand…
Libya Embraces Soumoud’s Land Convoy Effort to Alleviate Gaza’s Blockade
The Land Convoy Soumoud, aimed at breaking the Gaza siege, has successfully arrived in the Libyan city of Zaouïa, situated approximately 50 kilometers west of Tripoli. From there, the journey continues to Egypt and ultimately toward the Rafah border crossing into the Gaza Strip.
As the convoy crossed into Libyan territory, it was met with an overwhelming display of solidarity. Crowds gathered, their voices uniting in a chorus of support. Wael Nawar, the convoy's spokesperson, shared this uplifting moment with TAP,…
Russia Achieves Unprecedented Grain Export Milestone to North Africa
The Flourishing Grain Alliance: Russia and Egypt's Growing Partnership
In a significant development in international trade dynamics, Russia has emerged as Egypt's leading grain supplier in 2024. The announcement from the Russian Ambassador to Cairo, Georgy Borisenko, has captured the attention of both economic analysts and agricultural experts alike. Russia’s export of over 10 million tons of wheat to Egypt not only marks a historic high for both nations, but it also sets a new precedent…