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Africa

Niger coup leaders dissolve govt, declare Tiani head of state

Leaders of the coup in Niger declared General Abdourahamane Tiani as the new head of state on Friday, and said they had suspended the constitution and dissolved all former institutions after overthrowing President Mohamed Bazoum. Tiani was the head of the presidential guard, whose soldiers shut Bazoum in his palace …

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President Tinubu departs Abuja to Nairobi for AU meeting

President Bola Tinubu has departed Abuja for Nairobi, Kenya, where he will join other African leaders for the 5th Mid-Year Coordination Meeting of the African Union. He was accompanied by his Chief of Staff, Femi Gbajabiamila, and Dele Alake, his Special Adviser on Special Duties, Communication, and Strategy. Tinubu will …

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Afreximbank Launches Insurance Subsidiary To Support Intra-African Trade

The African Export-Import Bank (Afreximbank) launched its insurance management services subsidiary, AfrexInsure, with a commitment to provide a single-entry point for all specialty insurance needs to assist in optimally managing related risks for the trade and commerce sector in Africa.Established in 2021, AfrexInsure is set up to offer specialty insurance …

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

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, comes …

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