Thousands Flee New Violence in Northern Mozambique
Ensure Security, Adequate Assistance for Displaced People A new wave of deadly attacks in the northern Mozambican province of Cabo Delgado by an armed group linked to the Islamic State (ISIS) is forcing thousands of people to flee. The attacks, by fighters known as Al-Shabab or Mashababos, include raids on villages in Chiure district, where […]
Chad: Prominent Opposition Leader Killed
Investigate Yaya Dillo’s Death During Crackdown by Security Forces The killing of a potential presidential candidate during an assault by Chadian security forces on an opposition party headquarters raises serious concerns about the environment for elections scheduled for May 6, 2024, Human Rights Watch said today. On February 28, members of the security forces killed […]
South Sudan: Human Rights Council should Ensure Ongoing International Scrutiny, Investigations
HRW statement – Item 2: Enhanced interactive dialogue on the report of the Commission of Human Rights on advancing the human rights in South Sudan Mr. President, We thank the Commission on Human Rights in South Sudan for their latest report and update. We share the Commission’s concerns over “entrenched systematic repression,” including through media […]
Nigeria Intensified its Crackdown on Cryptocurrency by Detaining Binance Executives
The arrest, first reported by the Financial Times on Wednesday, follows a move last week that saw telecom providers shut off user access to the websites of Binance, Coinbase and other crypto exchanges. Crypto platforms have been scaling down services in Nigeria in the period since. On Wednesday, Binance stopped offering peer-to-peer trades that allowed […]
An African Initiative to Liberalise the Aviation Space
The head of Africa’s largest carrier Ethiopian Airlines has called for the continent to implement an agreement allowing airlines to operate freely to increase competition and reduce the costs for travellers amid rising demand for flying. It is “a big obstacle” for Ethiopian Airlines and affects “nearly all African airlines” who are not able to […]
Women’s Involvement in Business in Africa Improved but Still Faces Enormous Challenges
A quarter of all businesses on the continent are started or run by women, in contrast to Europe where the share of entrepreneurial activity by women is a lowly 5.7%. “Africa does stand out in the global landscape when it comes to entrepreneurship,” according to Toni Weis, a financial specialist at the World Bank’s Gender […]
Several African States are Making Strides in Curbing Unemployment
According to the World Bank, a 1% increase in employment can lead to a 0.5% boost in household consumption. This increased spending creates a ripple effect, leading to higher demand for goods and services from businesses. To meet this demand, businesses often expand their operations, hire more employees, and invest in growth. Notably, some African […]
Africa is a Shining Example of Economic Promise, as Seen by the Performance of Some of its Stock Markets
Sub-Saharan Africa offers investors a strong investment opportunity with potential for profitable returns. A report by African Financials revealed the trajectory of the Top 30 companies in Sub-Sahara Africa (SSA) except for South Africa by market capitalization. What African Financials found was that the market capitalization of the top 30 companies in SSA in January […]
Abiy’s “Homegrown Economic Reform Plan” is Proving Harder to Crystalize
The results can be seen in the number of half-finished buildings across Addis. Property is seen as a hedge against inflation and the official devaluation of the birr that developers assume will be part of any IMF agreement. But they are struggling to get dollars to import the materials needed to finish their buildings. Abiy’s […]
IMF Declines to Comment on Ghana’s New Proposed Bill
The International Monetary Fund said it’s monitoring events in Ghana after lawmakers passed a bill seeking up to three years in jail for people identifying as an LGBTQ person. “Diversity and inclusion are values that the IMF embraces,” the Washington-based lender said in a statement. “Our internal policies prohibit discrimination based on personal characteristics, including […]
