Most Recent World News

Burundi’s Economic Rejuvenation Strategy Unveiled

Like other countries across the globe, the COVID-19 pandemic disrupted the economic growth of Burundi and affected the balance of payment. In this exclusive interview with the African Leadership Magazine.

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Uber Appoints Imran Manji as Head of East Africa

Imran Manji has been named the new Head of East Africa for Uber, a ride-hailing firm. He will be in charge of Uber’s regional business strategy and growth, encompassing Kenya,.

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De Beers Signs 35-Year Diamond Mining and Exploration Contract with Angola

Multinational diamond mining and trading company, De Beers, has signed two investment contracts with the government of Angola to operate in that country. The license, which lasts for thirty-five years,.

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African startups drew record $5.2 billion in venture capital last year – industry group

According to data released by an industry group on Tuesday, African startups attracted a record $5.2 billion in venture capital last year, bouncing back from a pandemic-induced dip in 2020.

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IMF set up new lending facility to cushion member states from economic shocks

The International Monetary Fund, IMF, has created a new lending facility to help build the resilience of its member countries against economic shocks. The facility, dubbed ‘The Resilience and Sustainability.

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World Bank projects Africa growth to drop to 3.4 per cent

This year, Africa’s economic growth will drop to 3.4 per cent, down 0.6 percentage points from the four per cent growth recorded in 2021 due to new macroeconomic shocks. The.

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NOC transfers $8bn to Libya’s GNU administration

Libya’s National Oil Corporation has transferred $8 billion to the count of the Finance Ministry of the Government of National Unity (GNU) of Prime Minister, Abdul Hamid Dbeibeh, who has.

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Standard Chartered set to exit seven countries in Africa, Middle East to cut cost

Standard Chartered is leaving seven countries in Africa and the Middle East where it is sub-scale as it seeks to improve profits by narrowing its focus to faster-growing markets in.

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Nigeria Required $410b in Energy Investment – VP Osinbajo

If Nigerians are to enjoy the recommended 1000 kilowatts hours per year, the country must attract at least 400 billion dollars by 2025. This is according to Vice President, Yemi.

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Egypt, Kuwait Sign $2.5 Million Railway to Sudan Deal

Egypt and Kuwait have agreed to collaborate on the construction of a train connecting Egypt and Sudan. The $2.5 million deal was inked by Egypt’s Ministry of International Cooperation and.

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