The company behind Uganda’s EACOP crude pipeline has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. EACOP secures first tranche of external financing from commercial banks and Afreximbank. The successful closing of the first tranche is a significant milestone for the…
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Niger’s junta leader, Abdourahamane Tiani, has been sworn in as president for a five-year transition period under a newly established charter, further cementing military rule in the country. Abdourahamane Tiani sworn in as president of Niger for a five-year transition period under military rule. Tiani dissolved all political parties and tightened his grip on power.…
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Amid ongoing diplomatic tensions between the United States and South Africa, President Donald Trump’s appointment of a new US ambassador has fueled further controversy. President Trump’s nomination of Leo Brent Bozell III as the US ambassador to South Africa sparks controversy Trump’s nomination comes at a time of strained relations between the US and South…
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Norway has joined Germany in temporarily shutting down its embassy in South Sudan due to escalating violence and concerns that the country is on the verge of civil war. Norway has temporarily closed its embassy in South Sudan due to escalating violence and fears of civil war Tensions between President Salva Kiir and Vice President…
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On Monday, Shola Akinlade, the CEO of one of Nigera’s largest tech firms; Paystack, launched his new product, Zap, a payment system that allows international visitors in Nigeria to make seamless payments with foreign cards. Unfortunately, since then the product has been met with an unexpected controversy. Shola Akinlade, CEO of Paystack, launched Zap, a…
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Significant debt loads to the International Monetary Fund (IMF) have characterized the financial reality of several African countries in recent decades. IMF debts continue to remain a subject of contention. Business Insider Africa presents the top 10 African countries with the highest debt to the IMF in March 2025. This list is courtesy of data…
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