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Africa News

Intra-African trade values hit US$192 billion

However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …

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Africa seeks homemade solutions to tackle debt challenges

13 African countries are at high risk of debt distress and 6 are already in debt distress Addis Ababa, ETHIOPIA | THE INDEPENDENT | The African Development Bank has launched a new initiative to support and develop homegrown solutions to the debt challenges that countries on the continent are facing. Dubbed …

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Sudanese embrace Eid al-Adha with soaring livestock price due to war

KHARTOUM | Xinhua | For the second year, the Sudanese welcome the Eid al-Adha, or the Feast of Sacrifice, without the usual joy of celebration, as the traditional rituals are becoming unaffordable during the civil war killing thousands, displacing millions, and collapsing the economy. According to Islamic traditions, Muslim families …

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TikTok craze catches young, old in Kenya

NAIROBI, Kenya | Xinhua | Every Sunday, several streets of Nairobi, the capital of Kenya, as well as its suburbs, usually bustle with activity involving mainly young people. The youngsters normally take photos in all manner of poses as others make skits and record videos using their phones. The photos …

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TAZARA suspends passenger train operations

DAR ES SALAAM, Tanzania | Xinhua | The Tanzania-Zambia Railway Authority (TAZARA) on Thursday announced that passenger train operations will be suspended from June 18, 2024, until further notice. “This suspension has been necessitated by various operational challenges that the authority is facing,” TAZARA said in a statement signed by …

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Nigerian tycoon taps Zimbabwe for lithium as Africa pushes local development of mining sector

Nigerian billionaire Benedict Peters to kickstart Zimbabwe lithium production next year, driving Africa’s lithium market gains. SPECIAL REPORT | BIRD AGENCY | Nigerian industrialist Benedict Peters’ Bravura Holdings will start production at a Zimbabwean lithium project in 2025, boosting Africa’s drive to retain more profits from the global lithium boom, …

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