The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed the interest, but said dollar flows will lag until the administration wraps up its lengthy review of Trump...
Read MoreAt least 57 people drowned on Monday after a boat capsized off the Libyan coast near Khums, the latest tragedy in the Mediterranean where more than 1,100 have perished this year, the United Nation’s International Organization for Migration (IOM) said. Bodies have not been recovered from the shipwreck, but survivors included migrants from Nigeria,...
Read MoreTwo Israeli carriers on Sunday launched nonstop commercial flights to Marrakesh from Tel Aviv following the upgrading of diplomatic relations last year between Morocco and Israel. Israel and Morocco agreed last December to upgrade diplomatic ties and relaunch direct flights – part of a deal brokered by the United States that also included Washington’s...
Read MoreThe International Organization for Migration (IOM) has said that 113 irregular West African migrants were repatriated from Algeria this week. The IOM said in a statement the 113 migrants were mainly from Gambia, Liberia, Sierra Leone and Senegal, including 5 women, 87 men and 21 children, and they were repatriated from Algeria to their home countries through...
Read MoreA surge in pirate activities in the Gulf of Guinea poses a grave threat to the survival and growth of West African maritime trade, an expert has said. Albert Derrick Fiatui, executive director of the Ghana-based Center for International Maritime Affairs, told Xinhua on Thursday that the increase in pirate activities in regional waters...
Read MoreThe International Monetary Fund (IMF) has lauded Ghana for exiting the Financial Action Task Force’s (FATF’s) anti-money laundering (AML) and counter-terrorism financing (CTF) list. Ghana was taken off the FATF’s “grey list” in June this year. The country was added to the FATF’s “grey list” in February last year after the global watchdog found...
Read MoreGhana has destroyed 4,500 chickens and restricted the movement of poultry after nearly 6,000 birds were found to have died of the highly pathogenic H5N1 avian flu, the country’s veterinary services director said on Saturday. The birds originated from seven farms in Ghana’s greater Accra, Central and Volta regions, and poultry movement from those...
Read MoreStandard Chartered Bank said on Thursday it is providing $200 million in not-for-profit funding to the African Export-Import Bank’s (Afreximbank) COVID-19 vaccine procurement framework for Africa. The facility is part of Afreximbank’s Advance Procurement Commitment framework, under which it has provided a $2 billion guarantee to manufacturers to secure access to vaccine doses for...
Read MoreSouth Africa deployed soldiers on the streets on Monday to quell violence that erupted in the wake of former president Jacob Zuma’s jailing, after days of riots left at least six people dead. Police said disturbances were intensifying and 219 people had been arrested as the controversial ex-leader challenged his 15-month prison term in...
Read MoreU.S. Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to tax large, highly profitable multinational companies may not be ready for consideration by lawmakers until spring 2022. Yellen told a news conference after a G20 finance leaders meeting in Venice, Italy, that the OECD re-allocation of...
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