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December 19, 2022
Twitter Poll Votes 'Yes' on Musk Stepping Down

Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over.
December 19, 2022
UK Court Ok's Rwanda Migrant Plan

Update: Rwanda said it welcomed the ruling by London's High Court that Britain’s plan to send migrants to the East African nation is lawful. The court upheld eight asylum seekers' individual legal challenges.
December 17, 2022
Tunisia Parliamentary Poll Largely Quiet

Tunisians showed little inclination to vote on Saturday morning in a parliamentary election that most political parties are boycotting, having denounced it as the culmination of a march to one-man rule by President Kais Saied.
December 17, 2022
Major Bank Stops Oil and Gas Funding

HSBC will stop funding new oil and gas fields and expect more information from energy clients over their plans to cut carbon emissions, the banking giant has announced as part of a wider update of its sector policy.
December 16, 2022
Big Budget Boost for DRC

Democratic Republic of Congo has increased its budget by 46% to $16 billion for 2023, boosted by an expected rise in tax and mining revenues, the president of the senate said.
December 16, 2022
IMF Forecasts Zim GDP Slip

Zimbabwe's real GDP growth is expected to slow to about 3.5% in 2022 from 8.5% last year, the International Monetary Fund said on Thursday as it concluded its mission to Harare.
December 16, 2022
Wagner Boss Blames France for CAR Attack

The founder of the Russian private military company "Wagner Group" accused France on Friday of being behind an assassination attempt on a Russian official, Dmitry Syty, who was wounded by a parcel bomb in the Central African Republic.
December 16, 2022
U.S. Pledges $2.5 Billion Africa Food Aid

U.S. President Joe Biden on Thursday announced billions of dollars in additional humanitarian assistance to address acute food insecurity in Africa, which is facing a bigger and more complex food crisis than ever before.
December 15, 2022
Biden Announces Support for AU Seat in G20

U.S. President Joe Biden on Thursday announced he would support the African Union joining the G20 group of large economies as a permanent member, signifying Washington's efforts to reinvigorate ties with a region that has taken a back seat to other priorities in recent years.
December 15, 2022
Ghana Starts Debt Restructuring

The "to-do" list for Ghana's embattled government is long: pushing through a domestic debt exchange without upending its financial system, negotiating restructuring $13 billion in international bonds and executing spending cuts and tax rises.
December 15, 2022
Nigeria Growth Forecast Cut

The World Bank has cut Nigeria's 2022 growth forecast to 3.1% from a previous forecast of 3.8%, it said during a briefing in Abuja on Thursday.
December 15, 2022
IMF OKs Bucks for Benin

The executive board of the International Monetary Fund on Wednesday said it had completed the first review under a 42-month financing program for Benin, giving the country immediate access to about $144 million.
December 15, 2022
Nigeria November Inflation Rises

Inflation in Nigeria accelerated for the 10th straight month to 21.47% in November from 21.09% in October, the statistics bureau said on Thursday.
December 15, 2022
Kagame Slams U.S. For Rusesabagina Criticism

Rwandan President Paul Kagame on Wednesday criticized the United States over the concerns it has raised in the case of Paul Rusesabagina, a U.S. permanent resident jailed in Rwanda who was portrayed as a hero in the film "Hotel Rwanda."
December 14, 2022
China in Focus as Biden Woos African Leaders

A wide range of subjects are on the table as U.S. President Joe Biden engages African leaders in Washington D.C. on Wednesday. Democracy, economic development and financial investment are expected to be discussed with an underlying message - that the United States is a better partner for Africa than China.
December 14, 2022
Visa Plans $1 Billion Africa Investment

Visa Inc plans to invest $1 billion over the next five years in Africa to capitalize on the emerging economy's rapid growth in digital payments, the company said at the U.S.-Africa Leaders Summit on Wednesday.
December 14, 2022
U.S. Congress to Consider TikTok Ban

Republican U.S. Senator Marco Rubio on Tuesday announced bipartisan legislation to ban China's popular social media app TikTok, ratcheting up pressure on owner ByteDance Ltd amid U.S. fears the app could be used to spy on Americans and censor content.
December 14, 2022
S. Africa Retail Sales Mixed

South African retail sales fell 0.6% year on year in October after falling by a revised 0.4% in September, Statistics South Africa figures showed on Wednesday.
December 14, 2022
UN Raises South Sudan Violence Toll

Violence in South Sudan's Upper Nile state has killed 166 civilians and displaced more than 20,000 since August amid an escalation in clashes between armed groups, the United Nations High Commissioner for Human Rights said on Wednesday.
December 14, 2022
China's Influence Felt at the U.S. - Africa Summit

President Joe Biden's Wednesday speech to African leaders is focused on support for democracy, economic development and new financial commitments for a region that in recent years has taken a backseat to other U.S. priorities. But there is another, likely unspoken, message: The United States is a better partner for Africa than China.

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