IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL5.06▲ 0.04% USD/MXN17.43▲ 0.23% USD/CLP937.27▲ 0.18% USD/COP3,204▼ 0.73% USD/PEN3.39▼ 0.30% USD/ARS1,482▲ 0.30% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP57.92▼ 0.14% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.04% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.77▼ 0.51% BRENT 92.68 ▼ 1.48% WTI 90.26 ▲ 3.95% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.22% GOLD 4,093 ▼ 1.31% SILVER 59.00 ▼ 1.71% SOY 1,243 ▲ 0.81% CORN 488.50 ▲ 5.74% WHEAT 706.50 ▲ 0.11% COFFEE 315.30 ▼ 0.43% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,326 ▼ 0.04% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,702 ▼ 0.60% ETH 1,927 ▼ 0.34% SOL 77.66 ▼ 0.32% XRP 1.13 ▼ 0.67% BNB 569.78 ▼ 0.17% ADA 0.17 ▲ 0.11% DOGE 0.07 ▼ 0.78% AVAX 6.58 ▼ 0.56% LINK 8.63 ▲ 0.02% DOT 0.82 ▼ 1.58% LTC 46.77 ▼ 0.64% BCH 216.16 ▼ 1.73% TRX 0.33 ▼ 0.25% XLM 0.18 ▼ 1.29% HBAR 0.07 ▲ 1.36% NEAR 1.88 ▲ 0.64% ATOM 1.46 ▼ 0.24% AAVE 97.09 ▼ 0.27% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% FEMSA 227.98 ▲ 0.55% PETROBRAS ADR 18.89 ▲ 1.89% EGX 53,932 ▼ 0.11% USD/ZAR16.41▲ 0.08% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY163.35▲ 0.13% USD/CNY6.76▼ 0.21% DAX 25,002 ▼ 0.61% CAC 8,348 ▼ 1.07% FTSE 10,710 ▼ 0.06% MIB 51,827 ▼ 1.83% IBEX 19,466 ▼ 0.54% STOXX 642.94 ▼ 0.62% EUR/USD1.14— 0.00% GBP/USD1.34▼ 0.06% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,485 ▲ 0.33% VIX 17.58 ▲ 5.65% USD/CAD1.41▼ 0.04% US10Y 4.6570 ▲ 0.63% IBOV 177,547.57 ▲ 2.44% IPSA 11,009.22 ▲ 0.50% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,379,771 — 0.00% COLCAP 2,297.00 ▼ 0.19% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▲ 0.04% USD/MXN 17.43 ▲ 0.23% USD/CLP 937.27 ▲ 0.18% USD/COP 3,204 ▼ 0.73% USD/PEN 3.39 ▼ 0.30% USD/ARS 1,482 ▼ 0.03% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,035 ▲ 1.38% USD/BOB 10.95 ▲ 2.82% USD/DOP 57.92 ▼ 0.14% USD/CRC 447.42 ▲ 1.36% USD/GTQ 7.62 ▲ 2.31% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.36% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.77 ▼ 0.51% BRENT 92.68 ▼ 1.48% WTI 90.26 ▲ 3.95% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.22% GOLD 4,093 ▼ 1.31% SILVER 59.00 ▼ 1.71% SOY 1,243 ▲ 0.81% CORN 488.50 ▲ 5.74% WHEAT 706.50 ▲ 0.11% COFFEE 315.30 ▼ 0.43% SUGAR 14.81 ▲ 0.47% ORANGE JUICE 147.50 ▲ 2.57% COTTON 81.64 ▲ 2.22% COCOA 5,326 ▼ 0.04% BEEF 219.20 ▼ 3.30% CATTLE 336.15 ▼ 3.83% LITHIUM 69.00 ▼ 0.12% PETR4 42.58 ▲ 2.21% VALE3 75.10 ▲ 3.96% ITUB4 42.90 ▲ 0.87% BBDC4 18.97 ▲ 2.26% ABEV3 16.13 ▲ 2.09% BBAS3 21.09 ▲ 1.01% B3SA3 15.90 ▲ 4.81% WEGE3 46.74 ▲ 10.05% PRIO3 59.77 ▲ 2.73% SUZB3 42.66 ▲ 2.47% RENT3 37.14 ▲ 1.61% AZZA3 17.81 ▲ 1.89% CSAN3 3.92 ▲ 3.70% RAIZ4 0.27 — 0.00% PCAR3 2.75 ▲ 0.73% GMAT3 3.91 ▲ 2.09% PSSA3 55.45 ▲ 3.68% CVCB3 1.27 ▲ 13.39% POSI3 3.70 ▲ 0.54% SLCE3 13.96 ▲ 1.53% NATU3 8.68 ▼ 0.34% BRKM5 6.07 ▲ 6.30% RANI3 8.00 ▲ 1.39% CSNA3 5.38 ▲ 6.32% CMIN3 5.84 ▲ 4.66% USIM5 8.65 ▲ 2.25% GGBR4 24.06 ▲ 2.43% ENEV3 25.97 ▲ 2.16% CPFE3 46.71 ▲ 0.67% CMIG4 11.21 ▲ 1.72% EQTL3 39.35 ▲ 1.34% LREN3 13.54 ▲ 2.03% VIVT3 35.38 ▼ 1.17% RAIL3 13.64 ▲ 3.02% KLABIN 17.93 ▲ 1.93% RAIA DROGASIL 18.29 ▲ 0.88% RDOR3 34.49 ▲ 1.68% HAPV3 11.39 ▲ 1.33% FLRY3 16.65 ▲ 0.60% SMTO3 16.05 ▲ 3.02% UGPA3 32.83 ▲ 3.17% VBBR3 34.98 ▲ 3.03% BBSE3 42.58 ▲ 2.48% BPAC11 57.02 ▲ 2.98% CURY3 30.20 ▲ 0.83% AERI3 2.05 ▲ 0.49% VIVARA 21.55 ▲ 0.65% COMPASS 24.81 ▲ 1.51% VAMOS 3.23 ▲ 4.53% SANB11 26.95 ▼ 0.96% ASAI3 8.40 ▲ 1.82% SBSP3 29.29 ▲ 2.41% WALMEX 48.65 ▼ 1.02% GMEXICO 214.34 ▲ 2.57% CEMEX 22.17 ▲ 0.45% GFNORTE 191.99 ▲ 3.33% BIMBO 60.30 ▲ 1.53% TELEVISA 9.82 ▲ 0.61% AMX 22.70 ▼ 0.26% GAP 378.40 ▼ 0.03% ASUR 273.53 ▼ 0.52% OMA 229.62 ▲ 1.49% KOF 182.55 ▲ 1.15% GRUMA 280.45 ▼ 0.76% KIMBER 38.85 ▲ 1.17% SQM-B 65,055 ▲ 0.80% COPEC 6,550 ▲ 1.55% BSANTANDER 79.85 ▲ 1.06% FALABELLA 6,042 ▲ 2.08% ENELAM 84.53 — 0.00% CENCOSUD 2,010 ▼ 0.89% CMPC 1,070 ▼ 1.28% BANCO CHILE 193.50 ▲ 1.84% LATAM AIR 24.09 ▼ 0.45% YPF 82,500 ▲ 2.33% GGAL 8,275 ▲ 3.89% PAMPA 5,625 ▲ 2.74% TXAR 668.50 ▼ 1.55% ALUAR 974.00 ▲ 0.10% TGS 9,905 ▲ 2.01% CEPU 2,411 ▲ 3.03% MIRGOR 16,925 ▲ 0.89% COME 43.14 ▲ 0.63% LOMA NEGRA 3,823 ▲ 6.03% BYMA 295.00 ▲ 0.94% TELECOM ARG 4,420 ▲ 3.88% ECOPETROL 16.69 ▲ 0.97% BANCOLOMBIA 84.66 ▲ 1.22% GRUPO AVAL 5.04 ▼ 0.98% CREDICORP 393.43 ▲ 0.60% SOUTHERN COPPER 195.48 ▲ 3.97% BUENAVENTURA 32.09 ▲ 2.69% MERCADOLIBRE 1,799 ▼ 1.29% NUBANK 14.51 ▲ 0.83% XP 17.30 ▲ 2.67% PAGSEGURO 9.67 ▲ 0.94% STONE 11.36 ▲ 0.93% GLOBANT 30.67 ▼ 4.45% TECNOGLASS 45.24 ▲ 0.20% GAP AIRPORT 217.70 ▲ 0.01% ASUR 273.53 ▼ 0.52% OMA AIRPORT 105.35 ▲ 1.07% AMX ADR 26.12 ▲ 0.12% FEMSA ADR 130.96 ▲ 0.47% CEMEX ADR 12.74 ▲ 0.32% VALE ADR 14.85 ▲ 4.21% ITAU ADR 8.48 ▲ 0.95% SANTANDER BR 5.45 ▲ 0.74% AMBEV ADR 3.14 ▲ 0.96% CSN 1.09 ▲ 9.00% GERDAU 4.77 ▲ 2.69% LATAM ADR 51.22 ▼ 0.68% BTC 65,702 ▼ 0.60% ETH 1,927 ▼ 0.34% SOL 77.66 ▼ 0.32% XRP 1.13 ▼ 0.67% BNB 569.78 ▼ 0.17% ADA 0.17 ▲ 0.11% DOGE 0.07 ▼ 0.78% AVAX 6.58 ▼ 0.56% LINK 8.63 ▲ 0.02% DOT 0.82 ▼ 1.58% LTC 46.77 ▼ 0.64% BCH 216.16 ▼ 1.73% TRX 0.33 ▼ 0.25% XLM 0.18 ▼ 1.29% HBAR 0.07 ▲ 1.36% NEAR 1.88 ▲ 0.64% ATOM 1.46 ▼ 0.24% AAVE 97.09 ▼ 0.27% SELIC 14.25% EMBRAER 83.79 ▲ 1.38% EMBRAER ADR 66.05 ▲ 0.89% JBS 12.25 ▲ 2.51% JBS BDR 61.80 ▲ 2.62% MBRF3 16.03 ▲ 6.09% MBRFY 3.19 ▲ 8.14% INTER 5.69 ▲ 1.97% FEMSA 227.98 ▲ 0.55% PETROBRAS ADR 18.89 ▲ 1.89% EGX 53,932 ▼ 0.11% USD/ZAR 16.41 ▲ 0.01% USD/NGN 1,370 — 0.00% NIKKEI 66,423 ▲ 0.46% CSI300 4,728 ▲ 0.23% HSI 25,211 ▲ 1.28% NIFTY 23,870 ▼ 0.53% KOSPI 7,097 ▲ 4.40% JCI 6,315 ▼ 0.30% USD/JPY 163.37 ▲ 0.17% USD/CNY 6.7590 ▼ 0.07% DAX 25,002 ▼ 0.61% CAC 8,348 ▼ 1.07% FTSE 10,710 ▼ 0.06% MIB 51,827 ▼ 1.83% IBEX 19,466 ▼ 0.54% STOXX 642.94 ▼ 0.62% EUR/USD 1.1408 ▼ 0.01% GBP/USD 1.3367 ▼ 0.07% SPX 7,499 ▼ 0.14% DJI 52,219 ▼ 0.01% NDX 28,998 ▼ 0.54% RUT 2,960 ▼ 0.92% TSX 35,485 ▲ 0.33% VIX 17.58 ▲ 5.65% USD/CAD 1.4083 ▲ 0.01% US10Y 4.6570 ▲ 0.63%
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Thursday, July 23, 2026

Monday’s Africa Short News Roundup

By · July 8, 2024 · 5 min read

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Stay updated with the latest significant stories from Africa, covering political developments, economic highlights, and more.

EU Allocates €25 Million to Modernize Angola’s Justice System

  • New Funding to Enhance Justice and Governance in Angola
  • The EU Ambassador Announces a Significant Increase in Support

The European Union (EU) has announced a new support program with €25 million in funding to modernize the justice sector in Angola and promote good governance.

According to the EU Ambassador to Angola, Rosário Bento Pais, this funding aims to improve the performance and professionalism of the justice system and its stakeholders in the African nation.

Monday’s Africa Short News Roundup
Monday’s Africa Short News Roundup. (Photo Internet reproduction)
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UN Experts: Rwandan Troops Fighting Alongside M23 Rebels in the DRC

  • Report Reveals Rwandan Influence in the DRC Conflict
  • Kigali is accused of controlling rebel operations

Around 3,000 to 4,000 Rwandan soldiers are fighting alongside M23 rebels in the eastern Democratic Republic of the Congo (DRC), according to a UN experts’ report seen by AFP.

The report indicates that Kigali has “de facto control” over the rebels’ operations.

Since late 2021, the M23 rebellion has dominated North Kivu province. The group has seized vast areas, establishing a parallel regime in territories under its control.

Kinshasa accuses Rwanda of supporting the Tutsi-led M23 group. Kigali initially denied the accusations but has since remained silent.

The UN Security Council-commissioned report states that the “effective control and direction of Rwandan forces over M23 operations” makes Rwanda “responsible for M23 actions.”

NUPRC Partners with an Argentine Tech Firm to Reduce Gas Flaring

  • Innovative Modular Technology to Tackle Gas Flaring
  • Strategic Collaboration to Benefit Nigeria and Investors

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has partnered with Argentine tech company Galileo to reduce gas flaring in Nigeria’s oil and gas industry.

NUPRC Chief Executive, Gbenga Komolafe, stated that the collaboration would use innovative modular technology to support the Nigerian Gas Flare Commercialization Programme (NGFCP).

Komolafe highlighted that the program will benefit the nation and offer significant advantages to investors.

This initiative aligns with the Petroleum Industry Act’s mandate to implement the Gas Flare Act.

President Tinubu is re-elected as ECOWAS Chairman

  • The Nigerian Leader Secures a Second Term
  • ECOWAS Heads of State Support Tinubu’s Leadership

Nigerian President Bola Tinubu has been re-elected as Chairman of the ECOWAS Authority of Heads of State and Government for another year.

Tinubu’s first term ends on July 9, 2024. He was re-elected unanimously by fellow leaders at the 65th Ordinary Session in Abuja.

In his acceptance speech, Tinubu pledged to continue serving and building democratic values with fellow leaders.

Tinubu was initially elected as Chairman at the 63rd Ordinary Session in July last year in Bissau, Guinea-Bissau.

Moroccan Economy Grows by 2.9% in Q2 2024

  • Economic Growth Surpasses Q1 Performance
  • Secondary and Tertiary Sectors Drive Growth

Morocco’s economy grew by 2.9% in the second quarter of 2024, up from 2.5% in the first quarter.

The High Commission for Planning (HCP) reported this increase, attributing it to the secondary and tertiary sectors.

Early 2024 saw a significant slowdown in manufacturing, resulting in moderate growth for non-agricultural activities.

German Soldiers to Leave Niger by the End of August

  • Germany follows the US and France in the Niger withdrawal.
  • Bundeswehr Base in Niamey to Close by August 31

Following the withdrawal of French and American troops, German soldiers will leave Niger by the end of August.

German media, including Deutsche Welle and Der Spiegel, reported that the airbase in Niamey will close by August 31, 2024.

The German government confirmed it would not extend its military presence in Niger. The Bundeswehr plans an orderly withdrawal of its 40 soldiers stationed there.

Mali to Produce Ammunition and Armored Vehicles

  • The Defense Minister Announces Local Military Production
  • Mali Seeks Defense Self-Sufficiency with New Initiatives

Mali’s Defense Minister announced plans to boost defense self-sufficiency by producing military equipment locally.

Colonel Sadio Camara, speaking to the National Transitional Council (CNT), revealed Mali will soon start producing ammunition and assembling armored vehicles.

These projects are part of a broader strategy to modernize and strengthen Mali’s military capabilities.

Camara highlighted Mali’s military cooperation with countries like Russia, emphasizing freedom from external pressures in choosing partnerships.

South Africa and Egypt to Cooperate on the Gaza Conflict

  • Ramaphosa and al-Sisi agree on joint efforts.
  • Strengthening Continental Solidarity Amid the Gaza Crisis

South African President Cyril Ramaphosa and Egyptian President Abdel Fattah al-Sisi have agreed to cooperate on the Gaza crisis.

Presidential spokesperson Vincent Magwenya announced the agreement following a Sunday night phone call between the two leaders.

They committed to deepening fraternal ties and advancing continental solidarity in their efforts to address the situation in Gaza.

AfDB Funds “Transformative Road” in Comoros

  • A New Road to Boost Agriculture and Tourism
  • $30 million project celebrated by thousands

Comoros residents celebrate the completion of a crucial road, enhancing access to agricultural areas and tourist centers.

Thousands attended the inauguration of the $30 million road, funded by the African Development Bank (AfDB).

President Azali Assoumani and AfDB’s Dr. Akinwumi Adesina opened the 49.2-kilometer National Road 2 (RN2) on July 5, before the country’s 49th Independence Day celebrations.

Uganda: The Army’s Role in Private Security Questioned

  • Lawmakers Concerned Over Military-Run Security Services
  • NEC’s Private Security Involvement Sparks Debate

Ugandan legislators question the involvement of a UPDF-owned company in private security services, fearing public confusion.

Last year, the National Enterprise Corporation (NEC), the UPDF’s commercial arm, entered the private security sector, causing concern among MPs.

COSASE members raised the issue in a meeting with NEC’s director, Lt. Gen. James Mugira, on July 5, 2024.

Italy’s Mattei Plan Enhances Mozambique’s Agriculture

  • A New Agro-Food Center to Boost the Local Economy
  • The €38 million project supports food security and inclusion.

Italy signed an agreement to build an Agro-Food Centre (CAAM) in Manica, western Mozambique.

This key Mattei Plan project aims to develop a regional hub for agricultural transformation and distribution.

Funded by Italy’s Ministry of Foreign Affairs, the €38 million CAAM project supports Mozambique’s goals for food security, sustainable agriculture, and economic inclusion for women and youth.

Namibia’s Largest Oil and Gas Conference Returns in August

  • Conference to Attract Key Industry Stakeholders
  • Over 800 delegates are expected in Windhoek.

Following its successful debut, the Namibia Oil and Gas Conference will return to Windhoek from August 20–22, 2024.

The 2023 conference hosted over 800 delegates, fostering knowledge and innovation in the industry.

Siemens and PANA to Modernize Nigeria’s Power Sector

  • Strategic Collaboration to Boost Power Stability
  • Partnership to Create Jobs and Support Growth

Siemens and PANA Infrastructure announce a strategic collaboration to improve Nigeria’s electrical infrastructure.

This initiative aims to enhance power stability and create job opportunities in Nigeria. Combining their expertise, they plan to modernize Nigeria’s power sector.

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