Welcome to your essential source for African news, brought to you by The Rio Times. Each day, we curate the most impactful stories, giving you a concise overview of what’s happening across the continent.
Former Mozambican Finance Minister Manuel Chang is accused of bribery.
U.S. prosecutors charged Manuel Chang, former Mozambique Finance Minister, with receiving $7 million in bribes as part of a corruption scheme aimed at defrauding investors. The accusations were detailed during the trial in New York, which examined Chang’s involvement in Mozambique’s hidden debt affair. However, these projects eventually failed, causing significant investor losses.
Angola’s Annual Losses from Illegal Fishing
Angola’s Minister of Fisheries and Marine Resources, Cármen Neto, reported that Angola suffers substantial economic damage due to illegal fishing, with losses exceeding €211 million annually. Neto emphasized the need for increased aquaculture to meet domestic fish demands.
Summary of Other Stories:
- Cape Verdean Airline Pilots Announce Strike.
- Cape Verde President Highlights Blue Economy Potential.
- Uganda Airlines Expands with New Flights starting September 12, 2024.
- Diplomatic Strain Between Eswatini and the U.S.
- IMF Lowers Nigeria’s Economic Outlook.
- Cameroon Intensifies Fight Against Human Trafficking.
- West Africa Fraud Crackdown: Operation Jackal III.
- Former South African President Zuma Risks Expulsion.