SMEs: Here’s How To Take The Pain Out Of Your International Money Transfers
By Harry Scherzer, CEO, Future Forex Small and medium-sized enterprises (SMEs) make up more than 90% of all formally registered businesses in South Africa and account for 40% of the country’s GDP. A growing number of these SMEs have to make international payments and money transfers, too. Whether they’re making payments for export and import purposes, […]
Tanzania’s President Sacks Minister Over Election Rigging Comments
Tanzania’s information minister, Nape Nnauye, has been sacked over his comments that suggested election rigging. At a rally on July 15, Nnauye was filmed saying he would help a ruling party MP win the 2025 election, insinuating election results depend more on counters and announcers than actual votes. The controversy was amplified when a video […]
Ethiopia Landslides Kill Over 200 People
Rescue teams have recovered 157 bodies from two landslides in southern Ethiopia’s Gofa zone, following heavy rains on Sunday and Monday. The search for survivors continues, though the death toll may rise, according to local official Dagmawi Ayele. The victims include both adults and children, with 10 survivors receiving hospital treatment. The initial landslide on […]
Nigeria’s Parliament Investigates Fuel Imports Following Dangote’s Allegations
Nigerian lawmakers have established a committee to investigate the shortage of crude supplies to local refineries and the importation of substandard fuels, central to a conflict between Dangote Refinery and the nation’s downstream oil regulator. The investigation will address the importation of dirty fuels and the operations of standards agencies, among others. The committee’s findings […]
UN Report Reveals Most New HIV Cases are Outside sub-Saharan Africa
A new UNAIDS report reveals that, for the first time, most new HIV infections occurred outside sub-Saharan Africa. Sub-Saharan Africa has made significant progress, with infections dropping 56% since 2010, compared to a 39% global decrease. According to the report, this reality shows the prevention achievements in sub-Saharan Africa and the lack of comparable progress […]
Nonprofit Provides Togolese Schoolgirls with Long-lasting Uniforms
Inspired by the book “Half the Sky,” Payton McGriff founded Style Her Empowered (SHE), a nonprofit that addresses the educational barriers for girls in Togo. The nonprofit provides 1,500 girls annually with free uniforms, school fees, supplies, and tutoring. McGriff, who was a marketing major at the University of Idaho, developed the idea for SHE […]
Sudan and Iran Move Closer to Reconciliation with Ambassador Trade
Sudan and Iran have restored diplomatic relations after an eight-year break, with Sudanese army chief Abdel Fattah al-Burhan receiving Iran’s new ambassador Hassan Shah Hosseini in Port Sudan and Tehran playing host to Sudan’s new ambassador Abdelaziz Hassan Saleh. According to Sudan’s foreign ministry undersecretary Hussein al-Amin, the move marks a new phase in the […]
Ugandan Authorities Deploy Law Enforcement to Prevent Protests
Ugandan authorities heavily deployed police in Kampala to prevent youth-led protests against government corruption, which are planned for Tuesday and Thursday. These protests are similar to the ones held in Kenya, where youths forced President Ruto to drop a controversial finance bill and sack the Cabinet. Since announcing the protests, Ugandan authorities have heightened security […]
African Development Bank Grants $1B Loan to South Africa’s Transportat Company
The African Development Bank has approved a $1 billion loan to South Africa’s state-owned rail and ports company, Transnet. This 25-year loan, guaranteed by the South African government, will fund the first phase of an $8.1 billion investment plan aimed at upgrading South Africa’s deteriorating rail and port infrastructure. In a recent statement, Transnet Group […]
UAE President Backs Sudan in Phone Call
During a recent phone call with Sudanese army chief General Abdel Fattah al-Burhan, UAE President Mohammed bin Zayed expressed his support for Sudan and his commitment to finding a resolution to its ongoing conflict. According to the Emirati news agency WAM, the UAE is committed to supporting all solutions and initiatives aimed at de-escalating and […]
