Africa's largest mobile operator MTN says it is reviewing allegations that it paid protection money to militant Islamist groups in Afghanistan. The allegations, made in a legal complaint filed in a US federal court on Friday, say the firm violated US anti-terrorism laws. It was filed on behalf of families
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Thanks to her recurring Friday demonstrations, sprightly Leah Namugerwa has shot to prominence with her empowered activism. But, as Portia Crowe finds, her biggest challenge may be mobilising the youth at home Gravely brandishing a banner reading “Climate Justice” and guiding a crowd of young people through a muddy Kampala
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Equatorial Guinea President Teodoro Obiang Nguema Mbasogo (pictured), the world’s longest-serving ruler, should declare his assets before the nation receives more financial support, according to the International Monetary Fund. The central African country needs an IMF bailout to deal with a crisis that shrank its economy by a third to
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The African Development Bank has approved a $55 million facility to strengthen implementation of reforms to enhance Tanzania’s economic competitiveness and private sector participation in the country’s growth. These critical reforms will lead to a more vibrant economy, which will improve the living conditions of Tanzanians, particularly the poor and
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The Economic Community of West African States (ECOWAS) has endorsed the candidacy of African Development Bank President Akinwumi Adesina (pictured above) for a second term at the helm of the institution. The decision was announced at the end of the fifty-sixth ordinary session of the Authority of Heads of State
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As the global recession gathers strength, most African economies are relatively unaffected owing to the strength of economic diversity in some regions. This is according to the Institute of Chartered Accountants in England and Wales (ICAEW) latest report, Economic Update: Africa Q4 2019. The professional accountancy body provides GDP growth
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British exploration firm Tullow Oil has stated that it has the financial muscle required to develop petroleum reserves in Uganda and Kenya, even after the sudden exit of its chief executive triggered a collapse of its share price. Tullow, which is in advanced stages of developing oilfields in the two
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President Donald Trump has officially funded a Pentagon force focused on warfare in space - the US Space Force. The new military service, the first in more than 70 years, falls under the US Air Force. At an army base near Washington, Mr Trump described space as "the world's newest
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On December 20, 2019, the Executive Board of the International Monetary Fund (IMF) approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Ethiopia in an amount equivalent to SDR 2.1049 Billion (around 700 percent of quota or about US$2.9 billion-UShs10.6 trillion) to help
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The Kenyan Cabinet has approved the growing of Genetically Modified cotton in the country even as confusion reigns over the 2012 ban on such crops. The move will see Kenyan farmers get access to biotech (BT) cotton that has been touted as superior to the conventional one, with experts saying
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