Africa News Bulletin

15/12/2023

The EAC Secretary General, Hon. (Dr.) Peter Mathuki, attributed this achievement to the comprehensive governance framework for projects management that has been put in place by the Community.

https://africanewsbulletin.com/east-african-community-leads-in-share-of-nepad-infrastructure-funded-projects/

The East African Community (EAC) has the largest share of projects financed by the NEPAD Infrastructure Project Preparation Facility (NEPAD IPPF). The EAC

15/12/2023

MAKA’s social commerce model, centred on strategic collaboration between creators and consumers, taps into this thriving market and reflects the growing trend of influencer-inspired buying decisions.

https://africanewsbulletin.com/nigeria-social-commerce-platform-maka-raises-2-65m/

MAKA, the Nigerian fashion and beauty e-commerce platform, has raised a $2.65M pre-seed round. The investment was co-led by prominent investors 4DX

15/12/2023

Despite the relatively small sum owed ($33 million in interest), Ethiopia is still within a two-week grace period before being officially declared in payment default.

https://africanewsbulletin.com/ethiopia-faces-further-credit-rating-downgrade-by-fitch-amid-impending-default-risks/

Fitch Ratings recently downgraded Ethiopia's credit rating to junk status, signaling an escalated likelihood of non-payment, following the country's

15/12/2023

The partnership will include a digital wallet that brings together shopping and financial services into one user-friendly platform. The Copia super-app enables consumers to not only shop and pay but also to save and borrow.

https://africanewsbulletin.com/kenya-copia-visa-partner-to-deliver-digital-finance-services-to-middle-and-low-income-households/

Copia Global, the Kenyan last-mile delivery and eCommerce platform has entered into a strategic partnership with Visa. The 5-year partnership, which was

15/12/2023

Scheduled for December 17, a significant referendum on a new constitution in Chad is set to involve more than eight million voters, as announced by the National Commission tasked with organizing the constitutional referendum.

https://africanewsbulletin.com/chad-set-to-hold-referendum-in-2024-aimed-at-ending-military-rule/

Scheduled for December 17, a significant referendum on a new constitution in Chad is set to involve more than eight million voters, as announced by the

15/12/2023

In response, President Ramaphosa denounced antisemitism and Islamophobia, emphasizing the South African government’s stance on the Israel-Palestine conflict.

https://africanewsbulletin.com/south-africa-president-engages-in-discussions-with-jewish-leaders/

South African President Cyril Ramaphosa reaffirmed the nation's solidarity with Palestinians amid the ongoing conflict with Israel during a meeting with

15/12/2023

The National Democratic Congress (NDC) has strongly opposed the Ghana-Barari DV lithium agreement, condemning it as detrimental to Ghana’s interests and urging Parliament to prevent its ratification.

https://africanewsbulletin.com/ghanas-lithium-deal-sparks-strong-opposition-ndc-flags-concerns/

The National Democratic Congress (NDC) has strongly opposed the Ghana-Barari DV lithium agreement, condemning it as detrimental to Ghana's interests and

15/12/2023

The joint statement released by the institutions highlighted the remarkable reduction in Somalia’s external debt, plunging from 64% of the GDP in 2018 to less than 6% of GDP by the end of 2023.

https://africanewsbulletin.com/somalia-jubilant-as-4-5-billion-debt-relief-spurs-celebrations/

Somalia's capital, Mogadishu, hosted jubilant celebrations on Wednesday following the groundbreaking announcement from the IMF and the World Bank. The

15/12/2023

During an ECOWAS summit in Abuja, discussions were held to potentially ease sanctions against Niger, conditional upon a “short transition” leading to the reinstatement of civilian governance.

https://africanewsbulletin.com/niger-togolese-foreign-minister-confirms-agreement-on-niger-transition-content-ahead-of-ecowas-input/

The Togolese Minister of Foreign Affairs engaged in mediation efforts in Niamey affirmed on Thursday that an agreement had been reached on the "content"

15/12/2023

Rwanda’s government has announced a significant easing of operating restrictions affecting bars, nightclubs, and entertainment venues, a move timed strategically for the upcoming festive season.

https://africanewsbulletin.com/rwanda-relaxes-nightlife-restrictions-in-celebration-of-festive-season/

Rwanda's government has announced a significant easing of operating restrictions affecting bars, nightclubs, and entertainment venues, a move timed

12/12/2023

Lagos-born Asisat Oshoala clinched the best female African player of the year award for the sixth time. Her contributions to Barcelona and the Nigerian national women’s team underscored her remarkable year.

https://africanewsbulletin.com/nigeria-football-stars-dominate-caf-2023-awards/

Top African football talent converged in Marrakech, Morocco, for the CAF awards held on Monday (Dec. 11). Nigeria's Victor Osimhen clinched the

12/12/2023

Married with two daughters, Duah-Yentumi’s appointment underscores her dedication to guiding SIGA towards a new era of governance and operational excellence.

https://africanewsbulletin.com/ghana-new-director-general-for-siga-announced/

The State Interests and Governance Authority (SIGA) has announced the appointment of Hollistar Duah-Yentumi as its Acting Director-General, effective from

12/12/2023

The removal of channels from popular Guinean media outlets by the cable network Canal+ has incited controversy, leading to condemnation from political figures and concerns among observers.

https://africanewsbulletin.com/guinea-media-outlets-removed-from-canal-network-raises-concerns/

The removal of channels from popular Guinean media outlets by the cable network Canal+ has incited controversy, leading to condemnation from political

12/12/2023

Since 2011, Niger has conducted refining operations, producing roughly 20,000 barrels per day of diesel and gasoline, situated in Zinder, central-eastern Niger.

https://africanewsbulletin.com/niger-to-commence-first-ever-crude-oil-marketing-in-january/

Niger is poised to commence its inaugural marketing of crude oil on the global market in January, as declared by General Abdourahamane Tiani, the leader

12/12/2023

TotalEnergies also signed agreements with Brazilian NOC Petrobas and the State Oil Company of the Azerbaijan Republic to deploy the same technology.

https://africanewsbulletin.com/angola-totalenergies-inks-methane-reduction-agreement-with-sonangol/

French multinational energy corporation, TotalEnergies, signed a cooperation agreement with Angolan national oil company (NOC), Sonangol, during COP 28 in

12/12/2023

Located seven kilometers from the Mukuyu-1 well, the Mukuyu-2 well was spudded in Q3 2023, with a total of four hydrocarbon samples recovered from two zones within the Upper Angwa reservoirs.

https://africanewsbulletin.com/invictus-energy-announces-gas-discovery-onshore-zimbabwe/

Australian-listed independent oil and gas company, Invictus Energy, has made a gas discovery at the Mukuyu-2 well in Zimbabwe. Representing the second

12/12/2023

Hyphen Hydrogen and the DBSA announced plans to sign the agreement last October with the project partners underscoring their commitment to implementing the $10-billion hydrogen development.

https://africanewsbulletin.com/namibia-hyphen-hydrogen-dbsa-sign-5-4m-project-preparation-facility/

Green hydrogen development company, Hyphen Hydrogen Energy, has signed a Project Preparation Facility (PPF) agreement with the Development Bank of

06/12/2023

As a result, the sale process has been temporarily suspended until February 6, when the case will undergo a detailed examination.

https://africanewsbulletin.com/kenyan-court-halts-privatization-of-11-companies/

Kenya's court has halted the privatization of 11 state-owned companies, including the national oil and gas entity, following an appeal lodged by the main

05/12/2023

Sophos X-Ops also found ten ChatGPT-derivatives that the creators claimed could be used to launch cyber-attacks and develop malware.

https://africanewsbulletin.com/sophos-anticipates-ai-based-attack-techniques-and-prepares-detections/

Sophos has released two reports about the use of AI in cybercrime. The first report—“The Dark Side of AI: Large-Scale Scam Campaigns Made Possible by

05/12/2023

Another challenge that will still be there in 2024, he adds, is the obvious exchange rate problems, which tend to come in waves. This is because sentiment changes, causing rates to fluctuate.

https://africanewsbulletin.com/south-africa-2024-to-see-tighter-it-budgets-more-local-cloud-uptake-says-routed/

Predicting the future can be tricky, and some may say even more so in the world of IT. Though not for Routed who confidently shares that it’s likely we’ll

05/12/2023

Mastercard is committed to providing an inclusive, digital economy that benefits everyone with transactions that are safe, simple, smart, and accessible.

https://africanewsbulletin.com/south-africa-mastercard-and-bidvest-bank-partner-for-international-remittances/

Mastercard has partnered with South African Bidvest Bank to provide a solution that allows customers to send international remittances at their

05/12/2023

The BESS Consortium’s goal of achieving 5 GW of battery storage will provide a roadmap for deploying 400 MW of renewable energy by 2030 while mitigating up to a gigaton of CO2 emissions.

https://africanewsbulletin.com/cop28-african-countries-to-join-battery-energy-storage-systems-consortium/

Poised to revolutionize Africa’s energy landscape through advanced energy storage solutions, Egypt, Ghana, Kenya, Malawi, Mauritania, Mozambique, Nigeria

05/12/2023

Nigeria is targeting the production of up to 1.5 million barrels of crude oil per day (bpd) in 2024, aligning with a production quota proposed for the country by the Organization of the Petroleum Exporting Countries (OPEC).

https://africanewsbulletin.com/nigerian-crude-output-to-reach-1-5m-bpd-in-2024/

Nigeria is targeting the production of up to 1.5 million barrels of crude oil per day (bpd) in 2024, aligning with a production quota proposed for the

05/12/2023

Owino Market, a sprawling hub established in 1971, sustains around 80,000 people, notably 70% of whom are women, as noted by Kampala authorities.

https://africanewsbulletin.com/uganda-faces-threat-to-livelihoods-as-ban-on-second-hand-clothing-looms/

Amidst the vibrant chaos of Owino Market in Kampala, Uganda, Hadija Nakimuli maneuvers through the bustling alleys as she has for nearly three decades,

04/12/2023

While Aisha Huang had denied all the charges, it was the court’s view that she contradicted herself in her defense statements in the trial which lasted for one year, two months.

Read more: https://africanewsbulletin.com/ghana-aisha-huang-jailed-4-and-half-years-fined-gh%c2%a248k/

04/12/2023

The elections took place in 111 constituencies across the 16 regions with a total of 321 aspirants vying for the single slot within communities labelled as "orphan" constituencies.

04/12/2023

The Fund aims to support one of the central concerns of developing countries at COP 28, which is to secure adequate, predictable, at-scale and appropriate means of support for climate actions and just transitions.

https://africanewsbulletin.com/stanlib-launches-fund-to-help-finance-the-energy-transition-in-africa/

STANLIB is launches the STANLIB Khanyisa Energy Transition Fund. The objective of the fund is to mobilise much needed capital from long-term investors to

04/12/2023

Kenya’s President William Ruto has promised to sign the Startup Bill 2022 into law. Speaking during the Kenya Innovation Week (KIW), the president said he will sign the bill into law by April next year.

https://africanewsbulletin.com/kenya-president-ruto-commits-to-sign-startup-bill-into-law-by-april-2024/

Kenya’s President William Ruto has promised to sign the Startup Bill 2022 into law. Speaking during the Kenya Innovation Week (KIW), the president said he

04/12/2023

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate action thanks to additional contributions from the Government of Rwanda.

https://africanewsbulletin.com/rwanda-climate-finance-partnership-powers-innovative-climate-action/

The Rwanda Climate Finance Partnership, which was launched at the Paris Summit for a New Global Financing Pact, will further power innovative climate

04/12/2023

Located in the heart of Namibia’s offshore Orange Basin, the license is situated in close proximity to other sizeable finds made in 2022 and 2023, all of which opened the basin.

https://africanewsbulletin.com/namibia-galp-kicks-off-pel-83-drilling/

Portuguese oil and gas company Galp has started drilling operations in the Mopane prospect complex, located in the southern area of the Petroleum