The recent aid cuts under President Donald Trump’s administration are beginning to take a toll in Nigeria, where thousands of internally displaced persons (IDPs) are grappling with worsening hunger due to the inability of key United Nations agencies to sustain their support. Trump-era aid cuts are impacting thousands of internally displaced persons (IDPs) in Nigeria…
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Gold prices fell on Wednesday, weighed down by a stronger US dollar and signs of easing trade tensions, as investors await key US economic data that could shape the Federal Reserve’s next move on interest rates. Spot gold fell 0.4% to $3,302.58/oz by 4:30am GMT, while US gold futures declined 0.7% to $3,310.70/oz. Gold prices…
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Somalia has announced a ban on Taiwan-issued passports from entering, exiting or transiting its territory, citing its commitment to the “one China” policy and UN Resolution 2758. The decision, made by the Civil Aviation Authority of Somalia on April 22, will go into effect on April 30. The directive effectively blocks Taiwanese passport holders from…
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The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help African and Caribbean buyers more easily access fuel, such as petrol, diesel, and jet fuel, from refineries within the continent. Afreximbank has launched a $3 billion revolving credit facility to help African and Caribbean buyers access fuel from African refineries.…
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Burkina Faso plans to increase its control over foreign-owned industrial mines, as the country looks to capture a larger share of revenue from its natural resources. Burkina Faso plans to increase control over foreign-owned industrial mines to capture a larger share of revenue from natural resources. Revised mining code and state-owned mining company SOPAMIB strengthen…
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The African Growth and Opportunity Act (AGOA) is at risk due to the protectionist shift. If AGOA is allowed to lapse, it could slowly erode U.S. geopolitical influence in Africa, at a time when China and Russia are deepening their footholds, and Gulf states are emerging as powerful new players. President Trump froze USAID’s $43…
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