Entries by Mekides Admasu

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Central African republic freezes adoption of bitcoin

The presidency of the CAR announced the country would adopt bitcoin on April 27. The move sparked a backlash from the region’s central bank, the BEAC, which manages the Central African CFA Franc, which is used by six countries: Cameroon, Central African Republic, Chad, Republic of Congo, Gabon and Equatorial Guinea. In response to the move, […]

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Afro-Caribbean trade could increase by $1bn in five years

As delegates approached the inaugural AfriCaribbean Trade and Investment Forum (ACTIF) last week, the question on most people’s minds was: Where is the opportunity between the African continent and the Carribean? By the end of the three-day forum, which attracted over 1,000 delegates, with some 700 participants from across the continent, many were convinced that there are […]

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New boost for Arab-Africa trade?

While there has always been a strong desire to boost Arab-Africa trade, the rhetoric has largely failed to match the delivery. Arab-Africa trade has been static at 17% of the continent’s total trade for the last seven years, with China and the EU by far its two largest trading partners. Continental trade with its Arab […]

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Amazon opens new office in Johannesburg as cloud demand grows

Tech giant Amazon’s cloud computing arm, Amazon Web Services (AWS), has opened a new office in Johannesburg in South Africa. The office aims to support growing customer demand and South Africa’s burgeoning cloud market and will provide a range of services to organizations of all sizes, including startups, enterprises, and public sector agencies, the company […]

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Sudan: new data reveals a sharp deterioration in food crisis, with nearly 12 million hungry people

The Food and Agriculture Organization of the United Nations (FAO) warns about a looming food crisis in Sudan driven by the combined impacts of armed conflict, low production of key staple crops and economic turmoil. A multi-partner Integrated Food Security Phase Classification (IPC) analysis, issued today and conducted between March and April 2022, involving 19 agencies, […]

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Algeria, Niger & Nigeria move to next step on the Trans-Saharan Gas-Pipeline project

Algerian, Nigerien and Nigerian Energy Ministers signed on Thursday a memorandum of understanding (MoU) for the construction of a 4,000 gas pipeline across the Sahara Desert that will supply Europe with additional gas, the Algerian news agency APS wrote. The Trans-Saharan Gas-Pipeline (TSGP), should send billions of cubic meters of Nigerian gas to Algeria via […]

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African Development Bank, African Continental Free Trade Area Secretariat, Sign $11 Million Institutional Support Grant Agreement

The African Development Bank Group and the Secretariat of the African Continental Free Trade Area (AfCFTA) have signed a Protocol of Agreement for an $11.24 million support package to enhance the Secretariat’s effective implementation. The signing took place on 25 July 2022, on the margins of the ninth meeting of the AfCFTA Council of Ministers […]