Pirate kidnappings in the Gulf of Guinea hit record high in 2020
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Pirate kidnappings in the Gulf of Guinea hit record high in 2020

ByBrian Kithinji

The International Maritime Bureau (IMB) has announced that kidnappings by pirates in the Gulf of Guinea hit a record high in 2020, with well-armed and violent gangs defying regional navies and venturing further out to sea. Pirates in the West African region kidnapped 130 seafarers in 22 separate incidents accounting for all but five of…

Angola receives $488 million from IMF as government struggles to rein debt levels
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Angola receives $488 million from IMF as government struggles to rein debt levels

ByBrian Kithinji

Angola has become the latest African country to receive funds from the International Monetary Fund, after the Washington-based lender approved disbursement of $488 million to the southern African country. In allocating the funds, IMF reiterated confidence that Africa’s second-biggest oil producer will rein in public debt to sustainable levels. The disbursement approved by the executive…