IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL5.19▼ 0.12% USD/MXN17.68▼ 0.27% USD/CLP960.63▼ 0.27% USD/COP3,293▲ 0.20% USD/PEN3.39▼ 0.67% USD/ARS1,525▲ 0.30% USD/UYU40.21▲ 3.50% USD/PYG5,870▲ 2.23% USD/BOB12.17▲ 2.05% USD/DOP59.35▲ 0.25% USD/CRC450.87▲ 2.53% USD/GTQ7.64▲ 3.22% USD/HNL26.85▲ 0.31% USD/NIO36.62▲ 2.66% USD/VES853.52▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.77▲ 2.72% EUR/BRL5.91▲ 0.63% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 183,476.86 ▼ 0.27% IPSA 11,255.90 ▼ 0.39% IPC MEX 64,992.23 ▲ 1.13% MERVAL 2,893,751 ▼ 1.57% COLCAP 2,584.72 ▼ 0.95% BVL PERÚ 59,934.37 ▲ 1.27% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Africa Egypt

Tuesday’s African Short News Roundup

By · July 23, 2024 · 4 min read

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Europe's carbon toll is up — Africa answers with a fence”

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Welcome to The Rio Times’ essential African news source, offering an overview of the continent’s most impactful stories.

The following news have been the focal point of discussions in local African media.

EU and Cape Verde Extend Fishing Agreement to 2029

The EU and Cape Verde have updated their fishing partnership. They now allow 56 vessels from Portugal, Spain, and France to fish in Cape Verdean waters. This renewed agreement will be in effect until 2029.

Landslide Tragedy in Southern Ethiopia Claims at Least 229 Lives

The death toll from recent landslides in Ethiopia’s Geze Gofa district has risen to 229. Local authorities confirmed this count on Tuesday.

The landslides occurred around 10 a.m. local time on Monday. Among the deceased were rescue workers, hit by additional slides. Recovery efforts are complicated by the challenging terrain.

Defense Cooperation Review Between Gambia and Senegal

Military officials from Gambia and Senegal met in Banjul on Tuesday. They gathered to review their defense and security agreements.

This two-day Joint Military Committee meeting addresses security along their borders. They are discussing coordinated patrols to boost regional peace and stability.

Tuesday’s African Short News Roundup.
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Burkina Faso Seeks U.S. Weapons Support

On Monday in Ouagadougou, Burkina Faso’s Prime Minister, Apollinaire Kyelem de Tambèla, sought arms support from the United States.

He met with U.S. Ambassador Joann Lockard to request enhanced armaments for national security.

The Prime Minister emphasized the need for better military equipment to counter insurgent threats.

UN Urges Inclusive Approach for Libyan Elections

The UN Support Mission in Libya (UNSMIL) has urged for a unified strategy with all Libyan factions to address political disputes and support forthcoming elections.

Following a meeting in Cairo, Libyan political rivals outlined a roadmap for presidential and parliamentary elections. This plan stresses the importance of an inclusive electoral process.

Senegal Joins Global Climate Risk Initiative

Senegal has joined the Global Shield against Climate Risks, becoming the first Francophone country in Africa to do so.

This commitment was underscored at a workshop in Dakar. The workshop focused on boosting financial resilience against escalating natural disasters.

Its goal is to protect vulnerable communities and secure economic stability.

Ethiopia: Rebel Leader Reportedly Surrenders

Ethiopian defense forces have announced the surrender of Colonel Assegid Mekonnen, a noted rebel leader from the Amhara region.

Despite differing reports from his group, Colonel Mekonnen himself has confirmed his surrender through a government-released statement.

Amnesty Urges Release of Zimbabwean Activists

Amnesty International is calling for the release of 76 detained activists from Zimbabwe’s opposition party, Citizens Coalition for Change.

These activists were arrested during a commemorative event. Their detentions have been criticized as arbitrary. Police reportedly used baton sticks and teargas during the arrests.

South Africa Enacts Climate Change Legislation

President Cyril Ramaphosa of South Africa has signed the Climate Change Act into law, establishing a framework for the country’s climate response strategies.

This law aims to streamline policies that will guide South Africa’s transition towards a sustainable, low-carbon economy.

Strategic Acquisition by Morocco’s Managem in Energy Sector

Morocco’s Managem Group, primarily a mining company, has moved to acquire Sound Energy’s Moroccan subsidiary, signaling a significant shift towards energy production.

This acquisition aligns with Managem’s strategy to diversify its operations and strengthen its position in the energy sector.

Stellantis Strengthens Presence in Morocco

Automotive giant Stellantis is set to acquire Sopriam, a subsidiary of Morocco’s Al Mada group.

This acquisition aligns with Stellantis’s strategy to expand its presence in Morocco.

It aims to further integrate its operations across the country. The focus is particularly on enhancing the Kénitra production facility.

New Fund to Transform Nutrition in Sub-Saharan Africa

An international consortium has introduced the Nutrition Financing Fund (N3F). This fund aims to transform the availability of nutritious foods in Sub-Saharan Africa.

The initial funding target is $30 million. N3F seeks to enhance the health of millions by aiding small and medium-sized nutrition enterprises.

US EXIM Bank Supports Angola’s Solar Energy Projects

The US Export-Import Bank has approved a $1.6 billion loan for solar energy mini-grids in Angola.

This initiative aims to boost access to clean energy and drinking water. The project is expected to create numerous jobs in the US and support sustainable development in Angola.

Sierra Leone Convicts 11 in Coup Attempt

Courts sentenced eleven individuals for their roles in a Sierra Leone coup attempt, with sentences ranging from 30 to 182 years.

The insurrection, aimed at the current government, highlights ongoing political tensions within the country.

African Union Advocates for Faster Economic Integration

The African Union has emphasized the need for accelerated economic integration across the continent.

During a coordination meeting in Accra, leaders called for aligned strategies to boost economic growth and enhance intra-African trade.

UK Home Secretary Criticizes Failed Rwanda Migrant Scheme

The UK’s Home Secretary has denounced a former plan to relocate migrants to Rwanda, labeling it a costly failure.

The abandoned initiative had previously drawn significant legal and humanitarian criticism.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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