Africa’s richest man signs $650 mln Afreximbank loan for oil refinery

By Chijioke Ohuocha ABUJA, July 14 : Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade […]

Africa showing few signs of making World Cup breakthrough

By Mark Gleeson NIZHNY NOVGOROD, Russia, June 20 : Africa’s much-awaited and coveted tilt at World Cup glory looks as far off as ever after a dismal round of opening fixtures for the continent’s teams at the tournament in Russia. Not even a win for Senegal in their first Group H in Moscow on Tuesday […]

US Secretary of State to focus on security on first African visit

By Katharine Houreld NAIROBI, Mar 7 : US Secretary of State Rex Tillerson flew to Ethiopia at the start of his first diplomatic trip to Africa on Wednesday, seeking to bolster security alliances on a continent increasingly turning to China for aid and trade. He was due to visit the African Union where many officials […]

Donors pledge $500 mln for troops in West Africa’s Sahel

By Alissa de Carbonnel and Robin Emmott BRUSSELS, Feb 23 : International donors pledged half a billion dollars for a multinational military operation in West Africa’s Sahel region on Friday, as Europe seeks to stop migrants and militants reaching its shores. At a conference of about 50 countries including the United States, Japan and Norway, […]

Saudi, UAE head to Paris to offer helping hand to West Africa force

By John Irish and Marine Pennetier PARIS, Dec 13 : – Saudi Arabia and the United Arab Emirates are attending a summit in Paris on Wednesday aimed at accelerating efforts to set up a West African force to battle Islamist militants, a sign Gulf Arab states are upping their influence in the region. The G5 […]

Niger, Mali leaders seek funding for new anti-jihadist force

By Boureima Balima NIAMEY, Sept 13 : Mali and Niger, two of the West African nations worst affected by jihadist violence, appealed on Wednesday for international funding for a regional force they have set up to counter Islamist insurgencies. Mali’s President Ibrahim Boubacar Keita and Niger’s Mahamadou Issoufou said the force assembled by the G5 […]