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A senior official from the Bank of South Sudan confirmed that Stanbic Bank credited Air Afrik Aviation with $7.2 million in 2016 but later withheld the funds, claiming insufficient funds …
Dispute Arises Over Withheld Funds: Air Afrik Aviation vs Stanbic Bank Read More
The International Monetary Fund has reduced penalty surcharges levied on several indebted nations, including Argentina, Egypt, Ukraine, and Ecuador. This decision will lower borrowing costs by 36%, translating to annual …
IMF Reduces Surcharges for Indebted Nations to Alleviate Financial Burden Read MoreThe African Development Bank Group has approved grants amounting to $34.8 million to bolster climate resilience in Malawi and Zimbabwe. This funding, part of the ADRiFi initiative, aims to improve …
African Development Bank Group Allocates $34.8 Million for Climate Resilience in Malawi and Zimbabwe Read More
The EIB has pledged €1 billion to support Morocco’s reconstruction following the September 2023 earthquake. The funding will rehabilitate infrastructure, improve seismic resilience, and incorporate sustainable energy solutions. Morocco aims …
EIB Commits €1 Billion for Morocco’s Post-Earthquake Reconstruction Efforts Read More
Argentina and Venezuela have turned to stablecoins to combat hyperinflation and devaluation of local currencies, with notable impacts on the cryptocurrency market in Latin America. Brazil is witnessing a growth …
Harnessing the Power of Stablecoins: A Solution to Economic Instability in Latin America Read More
The Democratic Republic of Congo plans to enforce stricter regulations on companies sourcing minerals from its eastern region, urging major firms like Apple Inc. to address potential ties between their …
Congo’s Government Intensifies Oversight on Conflict Minerals from Eastern Regions Read More
The U.S. Government Accountability Office (GAO) found no evidence that the SEC’s 2012 conflict minerals disclosure rule reduces violence in the Democratic Republic of Congo (DRC). The rule may even …
GAO Report Questions Effectiveness of Conflict Minerals Disclosure Rule in Reducing Violence in the DRC Read More
The Democratic Republic of Congo plans to reduce its reliance on Chinese investments in its mining sector by attracting a diverse range of investors. Mines Minister Kizito Pakabomba revealed initiatives …
Congo Pursues Diversification in Mining Sector to Challenge Chinese Dominance Read More
Columbia University and IICA are collaborating to reshape the narrative surrounding agriculture in Latin America, developing strategies addressing food security, climate change, and sustainability. A group of experts convened to …
Columbia University and IICA Collaborate to Forge a New Agricultural Narrative in Latin America Read More
Recent global developments include the reinstatement of X in Brazil following a five-week ban due to disinformation issues. China’s stock market suffered a significant drop, indicating doubts about the efficacy …
Significant Global Developments: Brazil, China, Cameroon, and Hungary Read More