Reuters Africa

Xi: Strong China-Eritrea ties part of keeping peace in Horn of Africa

By Joe Cash BEIJING (Reuters) -Chinese President Xi Jinping said on Monday strong China-Eritrea relations were key to bolstering peace in the Horn of Africa region and pursuing mutually beneficial development, speaking at a meeting in Beijing with his Eritrean counterpart. Eritrea has strategic importance for China given its location on the Red Sea, one …

Xi: Strong China-Eritrea ties part of keeping peace in Horn of Africa Read More »

U.S. imposes election-related visa restrictions on Nigerians

WASHINGTON (Reuters) – The United States has imposed entry restrictions on more Nigerians for undermining the democratic process during the African nation’s 2023 election cycle, U.S. Secretary of State Antony Blinken said on Monday. “These individuals have been involved in intimidation of voters through threats and physical violence, the manipulation of vote results, and other …

U.S. imposes election-related visa restrictions on Nigerians Read More »

Germany’s Scholz: Some nations see Western double standards on Russia

BERLIN (Reuters) – Influential countries such as India, Vietnam and South Africa balk at criticizing Russia’s invasion of Ukraine because they believe international principles are not applied equally, German Chancellor Olaf Scholz said in a speech on Monday. “When I talk to leaders from those countries, many assure me that they are not questioning the …

Germany’s Scholz: Some nations see Western double standards on Russia Read More »

African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers

By Nyasha Chingono HARARE (Reuters) – The African Development Bank (AFDB) has developed financial instruments to “fast track and front load” $3.5 billion in compensation to white farmers whose land was taken from them by Zimbabwe’s government, the bank’s president said on Monday. Akinwumi Adesina’s announcement, which did not include details of the proposed instruments, …

African Devt Bank proposes ‘fast track’ compensation for Zimbabwe white ex-farmers Read More »

African digital credit company M-Kopa signs $255 million in new funding

NAIROBI (Reuters) – African financing platform M-Kopa has signed a total of $255 million in new debt and equity from Standard Bank and Sumitomo Corporation among others to fund its expansion in Sub-Saharan Africa, M-Kopa said on Monday. Founded in 2011, M-Kopa started its operations in Kenya and has expanded to Uganda, Nigeria and Ghana …

African digital credit company M-Kopa signs $255 million in new funding Read More »