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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Saturday, September 26, 2026

Wednesday’s African Short News Roundup

By · July 31, 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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Explore the latest developments and insights from across the African continent.

This collection of articles brings you up-to-date information from diverse regions, highlighting significant economic, political, and social events.

Each segment is dedicated to specific parts of Africa—Northern, Western, Central, Eastern, and Southern—providing a comprehensive overview of the current landscape.

Whether it’s policy changes, economic advancements, or cultural shifts, these summaries aim to inform and enlighten readers about the dynamic and evolving nature of Africa today.

Failed Assassination Attempt on Sudanese Transitional Leader

General Abdel-Fattah Burhan, leader of Sudan’s transitional government, survived a drone attack at Gebeit military base on July 31.

While Burhan was unharmed, the incident resulted in five fatalities. The attack occurred amidst ongoing conflicts between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF).

Wednesday’s African Short News Roundup
Wednesday’s African Short News Roundup.
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This incident aligns with a broader pattern of regional instability, especially considering the simultaneous geopolitical developments in Iran and recent diplomatic shifts between Sudan and Iran.

Uganda: Funding Discussions with Standard Chartered Bank

On July 25, Ugandan President Yoweri Museveni discussed funding opportunities with Standard Chartered Bank for critical infrastructure projects.

These projects include a new refinery and the East African crude oil pipeline, estimated at around $7 billion.

However, these projects are essential for Uganda’s goal of starting oil production by 2025.

The discussions also covered potential financial support for agriculture, manufacturing, and infrastructure developments critical to Uganda’s economic growth.

2024 Liberia Investment Conference

Liberia will host the 2024 Investment Conference under the theme “Leveraging Private Sector Investment to Spur Growth and Development” at the Ellen Johnson Sirleaf Ministerial Complex.

Key figures, including President Joseph N. Boakai and various sector experts, will discuss investment opportunities across multiple sectors.

The conference aims to attract both domestic and international investors, facilitating growth and development in Liberia.

Challenges in Uganda’s Judiciary

Uganda’s judiciary is navigating complex legacies from its colonial past while dealing with contemporary challenges such as perceived biases and a lack of independence.

Recent judicial reforms aim to enhance efficiency and accessibility, but concerns about impartiality persist.

Advocates call for more transparent appointment processes and protections against political interference to restore faith in the judicial system.

Liberia: Call for Investigation into Mining Operations

In Liberia, Representative Jeremiah Sokan of Grand Gedeh has urged a probe into the operations of the Putu Iron Ore Mining Company following its cessation in 2016.

The shutdown has severely impacted the local economy. Sokan’s call focuses on clarifying the status of agreements and future plans for economic recovery and development in the region.

Nigeria: Arik Air Operations Grounded Amid Legal Disputes

The Nigerian Minister of Aviation, Festus Keyamo, has ordered the grounding of Arik Air’s operations following legal battles over substantial debts.

This enforcement aligns with a Supreme Court decision and aims to resolve ongoing financial disputes involving the airline.

In addition, it emphasizes the impact on passengers and the broader economic implications.

Nigeria: Suspension of Import Duties on Essential Foods

To combat rising food prices, the Nigeria Customs Service announced a suspension of import duties on essential food items like rice and flour.

This measure intends to alleviate the cost of living amid global inflation pressures, aiming to improve access to affordable food and stabilize the national economy.

DRC: US Sanctions Against Rebel Leaders

The US has imposed sanctions on three rebel leaders in the Democratic Republic of the Congo, accused of causing instability and violence.

The sanctions target individuals linked to major rebel groups, reflecting ongoing efforts by the US to support peace and stability in the region amidst ongoing conflicts.

Mombasa Port Benefits from Increased Cargo Amid Regional Inefficiencies

Kenya’s Mombasa Port has reported an 18% increase in transit cargo, benefiting from inefficiencies at Tanzania’s Dar es Salaam Port.

The shift has notably improved Mombasa’s operational metrics, enhancing its appeal to hinterland countries and boosting regional trade dynamics.

US Reaffirms Commitment to AGOA Trade with Africa**

At the 21st AGOA Forum, the US reiterated its support for the African Growth and Opportunity Act.

In addition, the discussion included potential modernizations and extensions of the trade program beyond 2025.

The initiative is vital for sustaining trade relations and economic growth between the US and sub-Saharan Africa.

Zimbabwe Tourism Growth

Zimbabwe’s tourism sector has seen a 35% increase in revenues, reaching US$241 million, due to a surge in both international and domestic visitors.

The sector’s growth is supported by global recovery trends and increased airline activity. This aligns with national strategies to boost economic development through tourism.

Burkina Faso Supports Mali Against Insurgents

Burkina Faso’s military has joined Malian forces in combating rebel and terrorist groups in Northern Mali.

However, this action reflects a broader regional effort to stabilize the area amidst ongoing conflicts.

Guinea’s Junta Proposes a New Constitution

Guinea’s military junta has introduced a draft for a new constitution, aiming for significant political reforms. The proposed changes include term limits and age restrictions for presidential candidates.

This proposal is part of a broader plan to return to civilian rule, with plans for a national referendum to finalize the constitution.

Ceasefire Agreement between DRC and Rwanda

Angola mediated a ceasefire between the DRC and Rwanda amid accusations of Rwandan support for M23 rebels in the DRC‘s North Kivu province.

Additionally, the ceasefire aims to halt hostilities and address the humanitarian crisis in the region.

World Bank Grants $1.5 Billion to Ethiopia

The World Bank has approved $1.5 billion in aid to support Ethiopia’s economic reforms.

This funding is part of a broader financial strategy to assist Ethiopia in managing its long-standing debt challenges and foster sustainable growth.

Rwanda Advances in Surgical Training in Africa

IRCAD Africa, based in Rwanda, is enhancing surgical skills across the continent by training surgeons in minimally invasive techniques.

This initiative aims to bridge the healthcare gap in Africa by providing advanced medical training and facilities.

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

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