South Africa is forging new international partnerships in Southeast Asia and Türkiye as it navigates rising trade tensions with the United States. South Africa is establishing new international partnerships in Southeast Asia and Türkiye amidst increasing trade tensions with the United States. President Cyril Ramaphosa visited Indonesia to strengthen bilateral trade and cooperation, addressing shared…
A coordinated law enforcement operation led by INTERPOL and targeting terrorism financing and related criminal activities has resulted in 83 arrests across six African countries, including Angola, Cameroon, Kenya, Namibia, Nigeria, and South Sudan, and has identified 160 persons of interest. INTERPOL and AFRIPOL coordinated Operation Catalyst, targeting terrorism financing across six African nations. 83…
The African Development Bank (AfDB), in partnership with the Government of Angola and the European Union, has launched a $125 million youth employment initiative that promises to create nearly 150,000 jobs and expand opportunities for young entrepreneurs. The African Development Bank, Angola, and the EU have launched the $125m Crescer Project to boost youth employment.…
Ethiopia’s central bank has issued a strong warning to unlicensed money transfer operators, announcing plans to take strict enforcement actions against those conducting illegal remittance activities that threaten the nation’s financial stability. Ethiopia’s central bank warns it will punish illegal hawala and money transfer operators. Governor Eyob Tekalign says unlicensed activities threaten financial stability. The…
Operations have resumed at Barrick Mining Corp.’s massive Loulo-Gounkoto gold complex in Mali for the first time in more than nine months. Operations at Barrick Mining Corp.’s Loulo-Gounkoto gold complex in Mali resumed after a nine-month halt due to a state takeover. The mine’s closure followed blocked gold exports, shipment seizures, and detainment of senior…
A new assessment has revealed that 27 African countries are facing heightened financing and commercial risks as global liquidity pressures tighten, raising concerns about debt sustainability, currency volatility, and limited access to international capital markets 27 African countries face heightened financial and commercial risks due to tightening global liquidity pressures. These risks affect debt sustainability,…
Payroll fraud is quietly emerging as one of South Africa’s most costly corporate crimes, draining more than $6 million (over R100 million) from businesses each year, and experts warn that many companies remain oblivious to the danger. South African companies lose over R100 million ($6 million) annually to payroll fraud, surpassing losses from armed robberies.…
Upon its conception, the Dangote Oil Refinery was presented as a 650,000 barrels-per-day facility, positioning it as the largest single-train oil refinery globally. However, the company recently revealed that this figure does not represent its ultimate target. The Dangote Oil Refinery initially planned for 650,000 barrels-per-day production, aiming to be the largest single-train refinery globally.…
Rebels occupying the Twangiza gold mine in eastern Democratic Republic of Congo (DRC) have looted at least 500 kilograms of gold bullion, worth about $70 million, since seizing the site in May. Rebels in eastern DRC have looted 500 kilograms of gold worth $70 million from Twangiza mine since its takeover in May. M23 rebels,…
