This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa’s reliance on foreign refining and trading hubs The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) (www.Afreximbank.com) yesterday signed a Memorandum of Understanding (MoU) for the establishment of a panContinue Reading

Russia will toughen its position in the Ukraine negotiations following an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, Kremlin Spokesman Dmitry Peskov said Tuesday.    The diplomatic consequences of the attack would be a hardening of Russia’s negotiating position, Peskov told reporters.    Ukrainian PresidentContinue Reading

 The Zambian government on Tuesday expressed disappointment with the senior men’s national football team’s early exit from this year’s Africa Cup of Nations (AFCON), currently underway in Morocco.    The Chipolopolo, as the team is affectionately known, was eliminated from the tournament on Monday night following a 3-0 loss toContinue Reading

The Rally of Houphouetists for Democracy and Peace (RHDP), the ruling party of Cote d’Ivoire, has secured a large majority in the National Assembly, winning 197 of the 255 seats following Saturday’s legislative elections, said the Independent Electoral Commission (CEI) on Monday.    Across the country’s 205 constituencies, the RHDP,Continue Reading