Category: Africa
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Namibians Vote in Tight Election as SWAPO Seeks to Retain Power
Voters in Namibia’s capital Windhoek waited in long queues outside polling stations to cast their ballots for a new president and parliament in what could be a tough election for the ruling SWAPO party. SWAPO has governed the southern African nation since leading it to independence from apartheid South Africa in 1990. Its presidential candidate,…
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Debt Crisis Deepens Across Africa as Nations Struggle with High Borrowing Costs
Speaking at the ongoing 2024 African Economic Conference (AEC), Hanan Morsy, the deputy executive secretary and chief economist at the United Nations Economic Commission for Africa (UNECA), warned that the debt crisis afflicting the African continent has reached a critical juncture, with over 40% of African nations either in debt distress or at high risk…
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UNDP: Global Conflicts Could Derail Africa’s Growth, But Opportunities Exist
The United Nations Development Programme (UNDP) has warned that global uncertainties stemming from ongoing wars could hamper investments crucial for Africa’s economic development, while highlighting potential pathways for growth despite these challenges. “The rising trend towards protectionism can hurt African trade and slow Africa’s gross domestic product,” said Raymond Gilpin, UNDP’s chief economist and head…
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Lagos Strengthens Economic Ties with Kenya
Lagos State is set to deepen its bilateral relationship with Kenya, focusing on key economic sectors including hospitality, tourism and creative industries, Governor Babajide Sanwo-Olu announced during a meeting with Kenya’s High Commissioner to Nigeria, Isaac Parashina, at Lagos House, Marina. The high-level diplomatic engagement, which took place on Friday, represents an important step in…
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Mozambique Election Chaos Prompts South Africa Border Closure, Deadly Protests
Mozambique’s Contentious Election Outcome The political air in Mozambique has been thrust into turmoil following the disputed results of the country’s recent presidential election. The opposition candidate, Venancio Mondlane, has alleged widespread fraud in the Oct. 9 poll, which saw the ruling Frelimo party’s candidate declared the winner. The electoral commission has declined to comment…
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Equatorial Guinea Antigraft Chief Arrested Over Leaked Videos Scandal
The small Central African nation of Equatorial Guinea has been rocked by a scandal involving the Director General of the National Financial Investigation Agency (ANIF), Baltasar Ebang. Authorities have arrested Ebang after over 400 explicit videos featuring the high-ranking official with various women were discovered and circulated online. The Attorney General of Equatorial Guinea, Anatolio…