Africa is a continent undergoing dynamic changes, with significant developments unfolding across its diverse nations. From economic reforms to technological advancements, the landscape is ever-evolving. This news roundup offers a glimpse into the business, economic, and political news from Africa.
Northern Africa
Algeria’s Agricultural Sector Expansion
Algeria has witnessed a significant expansion in its agricultural sector, with over 230,000 new farms established since 2001. This growth is part of a broader effort to enhance food security and reduce reliance on hydrocarbons.
Western Africa
Mauritania’s Economic Strategy for the Second Term
Mauritania’s President Ghazouani, re-elected with 56.12% of the vote, is focusing on economic enhancement and anti-corruption in his second term.
Niger Ends U.S. Military Presence
The U.S. has completed its withdrawal from Air Base 201 in Agadez, Niger, marking a shift in Western military strategies in the Sahel region.
Central Africa
Angola Confronts Refinery Financing Issues
Angola is addressing financing challenges to achieve self-sufficiency in refined petroleum products.
Congolese Police Flee to Uganda Amid Conflict
Several Congolese police officers have fled to Uganda amidst conflicts with M23 rebels, highlighting the ongoing violence in eastern Congo.
Eastern Africa
Rwanda’s Plasma Export Strategy
Rwanda plans to export plasma to address excess production, aiming to reduce production losses.
Rwanda’s Economic Growth Needs $3.4 Billion Annually
Rwanda requires $3.4 billion annually for investments in structural transformation.
Mogadishu Protests Deadly Attack
Hundreds in Mogadishu protested an Al-Shabaab attack, demanding improved security measures.
Xbox Game Camp in Africa
The 2024 Xbox Game Camp Africa fostered growth in the African gaming industry.
Rwanda Maintains a B+ Credit Rating
S&P Global affirmed Rwanda’s B+ credit rating, reflecting confidence in its economic policies.
Comoros’s Major Port Modernization Funding
The Comoros secured $135 million from the African Development Bank for port modernization.
Southern Africa
Malawi’s Tobacco Industry Surge
Malawi’s tobacco revenue has surged by 40%, supporting the nation’s economy.
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