Africa is a continent of dynamic change, with significant developments occurring across its diverse nations. From economic reforms and political shifts to technological advancements and environmental challenges, the landscape is continually evolving. This news roundup provides a snapshot of business, economic, and political news from Africa.
Northern Africa
Algeria’s Agricultural Sector Expansion
Algeria has added over 230,000 new farms since 2001, marking a significant shift towards agricultural modernization and diversification. This growth is part of a broader national effort to enhance food security and reduce economic reliance on hydrocarbons. The recent agricultural census, facilitated by digital tools, supports strategic planning and productivity improvements despite climate challenges affecting cereal production.
Western Africa
Mauritania’s Economic Strategy for the Second Term
Mauritanian President Ghazouani, re-elected with 56.12% of the vote, is focusing his second term on economic enhancement, government transparency, and anti-corruption. Plans include leveraging natural resources and investing in renewable energy to bolster economic growth and maintain regional stability amidst global shifts.
Niger Ends U.S. Military Presence
The U.S. has completed its withdrawal from Air Base 201 in Agadez, Niger. This move aligns with broader changes in geopolitical and security considerations in the region.
Central Africa
Angola Confronts Refinery Financing Issues
Angola is addressing financing challenges in its efforts to achieve self-sufficiency in refined petroleum products. The government is focused on enhancing the oil sector‘s efficiency and attracting necessary investments to ensure energy autonomy.
Congolese Police Flee to Uganda Amid Conflict
Nearly 100 Congolese police officers have fled to Uganda as conflicts with M23 rebels intensified. This highlights the ongoing violence and instability in the Congo’s eastern regions.
Eastern Africa
Rwanda’s Plasma Export Strategy
Rwanda plans to export plasma to utilize excess production, addressing costs and production losses. Sale of unused plasma at $50 per liter is facilitated by a ministerial order.
Rwanda’s Economic Growth Needs $3.4 Billion Annually
Rwanda requires $3.4 billion annually for structural transformation to become a knowledge-based economy.
Mogadishu Protests Deadly Attack
Hundreds in Mogadishu protested a deadly attack, reflecting demands for improved security measures against threats.
Xbox Game Camp in Africa
The 2024 Xbox Game Camp Africa connected experts with local developers to promote innovation and collaboration.
Rwanda Maintains a B+ Credit Rating
S&P Global affirmed Rwanda’s credit rating, reflecting confidence in its economic policies.
Comoros’s Major Port Modernization Funding
The Comoros secured $135 million to modernize its port infrastructure.
Southern Africa
Malawi’s Tobacco Industry Surge
Malawi’s tobacco revenue has increased by 40% from the previous year, supporting the nation’s economy.
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