Qatar National Bank (QNB) has taken legal action against South Sudan in a U.S court, seeking to enforce a $1 billion arbitration award after the country defaulted on a wartime loan. Qatar National Bank (QNB) has initiated legal action in the U.S. to enforce a $1 billion arbitration award against South Sudan South Sudan defaulted…
Starlink, the satellite internet service by SpaceX, is now officially available in Guinea-Bissau, marking its seventh launch in West Africa. Starlink, SpaceX’s satellite internet service, is now available in Guinea-Bissau, marking its seventh launch in West Africa. The service received full regulatory approval from Guinea-Bissau’s ARN-TIC in April, following a provisional license granted in December…
Nordgold, a leading Russian gold mining company, has signalled a significant strategic pivot towards Africa, expressing its readiness to invest substantially in Sierra Leone and Guinea-Bissau. Nordgold, a prominent Russian gold mining company, is focusing on expanding operations in Africa by investing in Sierra Leone and Guinea-Bissau. Burkina Faso’s government has granted Nordgold’s subsidiary an…
Lieutenant-Colonel Ibrahim Traoré, the junta leader of Burkina Faso, very recently received Tete António, the Special Envoy of the African Union (AU) Chairperson, Angolan President; João Lourenço. Lieutenant-Colonel Ibrahim Traoré met Tete António, AU’s Envoy, in Ouagadougou to strengthen unity amid Sahel security threats. The AU’s visit symbolizes its shift towards actionable engagement, aiming to…
Nigeria has voiced strong concerns over a proposed visa ban policy reportedly being considered by the administration of U.S. President Donald Trump, which could target all member states of the Economic Community of West African States (ECOWAS). Nigeria expressed strong concerns over a U.S. proposed travel restriction targeting ECOWAS member states. The policy could hinder…
EgyptAir has ordered six more Airbus A350-900 aircraft, bringing its total commitment for the model to 16. EgyptAir has ordered an additional six Airbus A350-900 aircraft, bringing its total commitment to 16 units. This purchase supports EgyptAir’s expansion and sustainability objectives for long-haul travel. As of May 2025, the A350 model has secured over 1,390…
Global credit ratings agency Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’, assigning a Stable Outlook. Ghana’s credit rating has been upgraded from ‘Restricted Default’ to ‘B-’ by Fitch Ratings, with a Stable Outlook. Inflation has significantly decreased, reaching its lowest level in three years, supported by…
Belgian prosecutors are preparing to charge Etienne Davignon (92), a former diplomat accused of being involved in the murder of Congolese revolutionary, Patrice Lumumba. Belgian prosecutors are investigating Etienne Davignon’s involvement in Patrice Lumumba’s murder. Accusations center on unlawful detention and degrading treatment of Lumumba prior to his execution. Davignon was a trainee diplomat at…
Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), continues to face skepticism from both the public and financial analysts, despite central bank assurances of stability and full reserve backing. Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), faces public and financial analyst skepticism Past economic issues, including hyperinflation and currency shifts, continue to erode public trust in…
