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African banks take over after international lenders exit

 Local financial companies are capitalising on the opportunities left by international banks exiting Africa yet continue to struggle with the gap between perceived and actual risks in the market. SPECIAL REPORT | BIRD AGENCY |  In early 2022, UK-headquartered Standard Chartered Bank announced it was exiting five African countries and …

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M23 warns against deployment of SADC troops in North Kivu

  North Kivu, DRC | THE INDEPENDENT | The deployment of Southern Africa Development Cooperation (SADC) troops in North Kivu province will make the Democratic Republic of Congo government understand that it is a wrong move, Bertrand Bisimwa, the president of the March 23 Movement has warned. The DR Congo government …

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Dream of ‘father of hybrid rice’ takes root in Africa

Sanya, China | Xinhua | In front of a bronze statue of Yuan Longping, scores of African visitors planted hybrid rice seedlings in memory of the “father of hybrid rice.” The delegates to the Second Forum on China-Africa Cooperation in Agriculture were visiting the Paddy Field National Park in Sanya, …

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Ghanaian president urges reparations for Africa over slave trade

Accra, Ghana | Xinhua |  Ghanaian President Nana Addo Dankwa Akufo-Addo on Tuesday called for reparations for Africa over the effects of the trans-Atlantic slave trade on the continent. Akufo-Addo made the appeal at the opening of the Accra Reparations Conference in the Ghanaian capital of Accra, describing these reparations …

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Uganda-Kenya Expressway at Busia in pipeline

Boost for Northern Corridor as AfDB approved US$1.4 million last month for feasibility study of the multinational Kenya-Uganda Expressway project Jinja, Uganda | THE INDEPENDENT | The plan to construct a super highway connecting Uganda and Kenya could become a reality, following the financial intervention of the African Development Bank (AfDB). The …

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