“The pope is going to CAR to encourage dialogue and reconciliation between Christians and Muslims,” said Thierry Vircoulon, Central African Republic project director for the International Crisis Group. “Since 2014, PK5 is the symbol of this fighting, so a message of peace delivered in PK5 is essential.”
Oil headed for its largest monthly drop since July as Iran signaled the Organization of Petroleum Exporting Countries won’t reduce its production target at a meeting this week.
When Muhammadu Buhari clinched victory in Nigeria’s presidential elections in March, stocks soared as investors looked to the former military ruler to reverse decades of economic mismanagement and policy inertia. Now hopes have fizzled in his ability to turn around Africa’s largest economy and oil producer.
Souleymane Ouedraogo juggles two mobile phones that are constantly ringing as he speeds on a moped across the capital of Burkina Faso to urge young people to do something for the first time in their lives: vote.
Zambia’s economy is under increasing strain as the inflation rate surged to almost 20 percent and the World Bank cut its growth outlook for the copper-dependent nation.
Nigeria’s central bank Governor Godwin Emefiele is at risk of losing credibility over a decision to ease monetary policy, while maintaining currency restrictions that are hurting the economy.
The United Nations Development Programme pledged $46 million for a program to discourage young people from joining extremist groups in Africa.
The largest-ever relocation of black rhinos across national borders has established a breeding population in the Botswana’s Okavango Delta, according to Wilderness Holdings Ltd., a eco-tourism safari operator that helped organize the program.
Nigerian President Muhammadu Buhari approved the creation of a waste-cutting unit within the finance ministry to bolster the government’s budget position and an economy battered by sliding oil prices, a person with knowledge of the matter said.
“On the brink of a boom,” was the banner on PricewaterhouseCoopers LLP’s review of Africa’s oil industry 16 months ago. Now, oil below $50 has made more than two out of three investment projects on the continent non-viable.