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Monthly Archives: December, 2020

Ivory Coast sells domestic bonds worth $221 million

Ivory Coast has issued $221 million in bonds to finance its infrastructure development as President Alassane Outtara eases into his third term in power.

World Bank approves $100 million grant to Mozambique

Mozambique will receive a $100 million grant from the World Bank to upgrade its urban infrastructure, the Washington based lender announced.

Rwanda sends military troops to Central African Republic to quell election violence

Rwanda has sent military troops to the Central African Republic, in what the government says is a move to help counter a surge in...

EU pledges additional $29 million aid to deal with Ethiopian-war humanitarian crisis

The European Union will grant an extra $29 million in aid to cater for the impact of Ethiopia’s war in the Tigray region.

Central African Republic accuse former president of plotting coup

Central African Republic’s government has accused former President Francois Bozize of plotting a coup as political tensions and violence rise ahead of the December...

Namibia’s economy contracted by 2.4% in third quarter

Namibia’s gross domestic product (GDP) fell by 2.4% to $3.017 billion in the third quarter of 2020 from $3.15 billion in a similar period...

Republic of Congo revokes iron-ore project deal with Australian miner in favor of Chinese-backed firm

The Republic of Congo’s government has terminated its contract with Australian miner Sundance Resources to develop the huge Mbalam-Nabeba iron-ore deposit, subsequently awarding three new...

COVID-19 cases in Africa surpass 2.5 million

The total number of coronavirus cases has surpassed 2.5 million according to a Reuters tally, with the continent suffering a second wave of infections.

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How Mozambique’s history of violence is dashing hopes of economic progress

There is no saying that is so common in the minds of Mozambique citizens above the age of 40...
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Another win for President Nguesso ensures Congo’s economic crisis will prolong

At 77, Congo’s President Sassou Nguesso is four times older than the average Congolese, whose median age...

Why Equatorial Guinea’s bail-out plan with IMF crashed

Despite being promised an IMF bailout over a year ago, Equatorial Guinea is still waiting for the funds...

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