1,300 Kenyan Farmers Graduate After Four Years Of First-of-its-kind Sustainable Agroforestry And Climate Action Training Program
After four years of supporting farmer training, Trees for the Future (TREES), in partnership with Catona Climate, is proud to announce the graduation of over 1,300 farmers from its transformative United Nations-recognized Forest Garden Program in Homa Bay, Kenya. Part of an innovative agroforestry project that will remove atmospheric carbon dioxide through gains in tree biomass and […]
Standard Bank Group Limited And MiDA Advisors Partner With Nigeria Mortgage Refinance Company (NMRC) in A $228 Million Blended Finance Deal For Mortgage Refinancing In Nigeria
This marks the second large scale housing finance transaction in Africa led by Standard Bank Group Limited and MiDA Advisors within the past two years, securing around $500 million in total capital raise. Today, a member of the Standard Bank Group Limited – Stanbic IBTC Capital -and MiDA Advisors join Nigeria Mortgage Refinance Company (NMRC), […]
Africa Specialty Risks announces the appointment of Aurélien Sauty as Head of Marine and Aviation Lines
LONDON, 26th September 2024 -/African Media Agency (AMA)/- Africa Specialty Risks (ASR), the pan-African and Middle East focused (re)insurance group, announces the appointment of Aurélien Sauty to lead its new Marine and Aviation capacity, as Head of Marine and Aviation. Aurélien, based in ASR’s Dubai office, brings over 16 years’ experience in the insurance industry, with a […]
Namibia: Interest Grows In Africa’s Oil-And-Gas Hot-Spot
Namibia’s upstream oil and gas sector has become a focus of intense interest in recent years. The Orange Basin, off the country’s west coast, captured the energy sector’s imagination in 2022, when Shell and TotalEnergies announced the discovery of light oil and natural gas there, in the Graff and Jonker fields. In 2023, Galp joined the […]
IOM Intensifies Emergency Response to Severe Flooding across West and Central Africa
Exceptional flooding in Mali has damaged houses and infrastructure affecting more than 180,000 people. Photo: IOM Mali/ Moussa Tall GENEVA, Switzerland, 26 September 2024 -/African Media Agency (AMA)/ – The International Organization for Migration (IOM) is scaling up its emergency operations to assist millions impacted by the severe flooding across West and Central Africa. IOM […]
US President Biden to Visit Angola Next Month in First Africa Trip
US President Joe Biden will visit Angola from October 13-15, marking his first trip to Africa since he was sworn into office. The visit will come after a trip to Berlin, where Biden intends to strengthen alliances and thank Germany for supporting Ukraine in its war against Russia. In Angola, Biden will meet President João […]
Nigeria’s Central Bank Surprises Markets with Fifth Rate Hike
Nigeria’s central bank has once again raised its benchmark lending rate by 50 basis points to 27.25%, marking its fifth rate hike this year. The move, which surprised analysts, aims to combat persistent inflation. Analysts had expected the rates to hold steady due to recent inflation drops. Central Bank Governor Olayemi Cardoso noted that while […]
Moscow Deepens Influence in West Africa with Satellite Deal
Mali, Niger, and Burkina Faso have signed a strategic deal with Moscow that will see Russia sell them telecommunications and surveillance satellites. Officials from Russia’s aerospace agency, Roscosmos, formalized the agreement during a meeting in Bamako, Mali. The satellite technology is expected to enhance border security, communication, and surveillance, aiding these military-led governments in their […]
Starlink Heats Up African Internet Competition
Elon Musk’s Starlink is disrupting Africa’s telecom sector, sparking complaints from local providers, who have invested hundreds of millions of dollars in the sector. In Kenya, Safaricom has called for stricter regulations, arguing that satellite internet providers like Starlink should partner with local networks rather than operate independently. Telcos in Zimbabwe, Nigeria, and Cameroon, have […]
Zambia’s President Suspends Three Judges for Alleged Misconduct
Zambia’s President Hakainde Hichilema has suspended three judges—Justices Annie Sitali, Mungeni Mulenga, and Palan Mulonda—over alleged judicial misconduct. Hichilema has a history with the three judges: In 2016, they dismissed his election petition challenging the victory of former President Edgar Lungu. Five years later, the suspended judges took part in a controversial ruling that allowed […]
