South African Rand Tumbles After Trump Victory
The South African rand dropped sharply to R17.81 against the dollar on Wednesday, marking a 3% decline as Donald Trump’s upcoming return to the White House spurred global investor anxiety. The development, signaling increasing risk aversion, is impacting emerging markets, with heightened geopolitical uncertainty and anticipated US tariffs adding pressure. The yield on South Africa’s […]
Kenya Seeks China’s Support in Bid for BRICS Membership
Kenyan President William Ruto held bilateral talks with Chinese official Li Xi in Nairobi on Monday, aiming to deepen Kenya-China relations and secure China’s support for Kenya’s bid to join the BRICS group. Kenya and China have a strong partnership and are currently collaborating on numerous projects within the East African nation. During the talks, […]
US Forgives $1 Billion of Somalia’s Debt in Landmark Agreement
The United States has agreed to forgive $1.14 billion of Somalia’s debt, marking a significant financial milestone for the East African nation. The agreement, signed in Mogadishu by Somali Finance Minister Bihi Egeh and US Ambassador Richard Riley, reflects Somalia’s commitment to the IMF-driven economic reform agenda, which prioritizes domestic revenue growth, improved financial management, […]
South Africa Shuts Key Border with Mozambique Over Election Protests
South Africa has temporarily closed its Lebombo border crossing with Mozambique following violent protests over Mozambique’s contested presidential election. Tensions erupted last month after Frelimo’s Daniel Chapo was declared the winner with 71% of the vote, sparking violent clashes that have led to at least 18 fatalities, according to Human Rights Watch. Protesters on the […]
Kenya Strengthens Intra-African Trade with Record Export Growth
Kenya’s trade with other African countries grew by 26% in the first seven months of 2024 compared to the same period in 2023, according to a recent report by the Central Bank of Kenya. This surge, largely fueled by strengthened bilateral agreements and increased shipments, saw Kenya’s exports jump from $1.53 billion to approximately $1.93 […]
President Tinubu Orders Release of Detained Underage Protesters Amid Public Outcry
Nigeria’s President Bola Ahmed Tinubu has ordered the immediate release of 29 minors detained during anti-government protests in August, following widespread condemnation of their trial. The protesters, who participated in the “Ten Days of Rage” demonstrations against high living costs, had faced severe charges, including treason—a crime punishable by death in Nigeria. Human rights groups, […]
World Bank Approves $50 Million to Help Nigeria Fight Malnutrition
The World Bank has allocated $50 million to Nigeria under the Accelerating Nutrition Results in Nigeria (ANRiN) Project 2.0 to address the country’s critical nutrition issues. World Bank Country Director Ndiame Diop announced the funding, aimed at improving nutrition for vulnerable communities, during a meeting with Vice President Kashim Shettima. Concurrently, Vice President Shettima introduced […]
Deadly Boat Accident Claims 25 Lives in Comoros
At least 25 people, including women and children, died after traffickers intentionally capsized their boat near the Comoros Islands, according to the International Organization for Migration (IOM). The vessel, carrying around 30 people, sank late Friday between Anjouan, a Comoros island, and Mayotte, a French territory. Fishermen rescued five survivors, who reported that the boat […]
Algerian Olympic Committee Denounces Smear Campaign Targeting Boxer Imane Khelif
The Algerian Olympic Committee (COA) has strongly condemned recent unverified leaks of boxer Imane Khelif’s medical records, calling them “baseless attacks” aimed at discrediting the Olympic gold medalist. An alleged medical report, widely circulated online, claims Khelif has XY chromosomes and internal testes and lacks a uterus. However, the COA denounced these claims as unfounded […]
Prince William Aims to Inspire Hope with Earthshot Prize
Britain’s Prince William has expressed hope that the Earthshot Prize, his environmental initiative, will bring optimism to climate advocates amid a challenging outlook. Speaking from Cape Town, South Africa, where the annual Earthshot awards ceremony was scheduled to hold on Wednesday, William highlighted the importance of young people in driving positive change for the planet. […]
