Egypt Prepares To Lead African Union – African News – African News Network | Latest African News | Nigerian News | Breaking News
Connect with us

African News

Egypt Prepares To Lead African Union

Published

on

Egypt Prepares To Lead African Union

As Egypt prepares to chair the African Union next year, it is already promoting itself as a linchpin for intra-African trade and a model of economic reform.

Over the weekend, the country hosted a high-level business forum in the red sea resort of Sharm El-Sheikh that will be followed by an Intra-African Trade Fair in the coming week in the capital, Cairo.

READ:  UN Envoy Wants Transparency Over CAR Arms Imports

President Abdel Fattah Al-Sisi in a speech to the forum, encouraged investors from inside and outside Africa to take advantage of opportunities on the continent as countries including his own pursue economic reform.

READ:  Burkina Faso President Names New Prime Minister

Sisi says, as chair of the African Union, his country will seek sincerely to build on what has been achieved over the past years and to complete the continent’s development agenda. The forum was attended by heads of state from countries including Rwanda, Sierra Leone, Niger and Madagascar.

READ:  Comoros Island - "The Perfumed Island"

African News

Ethiopian Airlines Says Compensation Payment To Victims’ Families Is Underway

Published

on

By

Ethiopian Airlines Says Compensation Payment To Victims' Families Is Underway

Ethiopian Airlines CEO, Tewolde Gebremariam says, the airline, has began distributing compensation payments to families of victims who died in last month’s devastating plane crash, near Addis Ababa.

All 157 persons on-board the Nairobi-bound Boeing 737 MAX 8 were killed when it came down shortly after take-off.

READ:  UN Envoy Wants Transparency Over CAR Arms Imports

Gebremariam said, the airline is working alongside insurance companies to establish victims’ identities to distribute compensation and the necessary authorities to follow up on the march tenth tragedy.

READ:  Burkina Faso President Names New Prime Minister

He says, Ethiopian Airlines has grounded all of its Boeing 737 MAX 8 fleet since the tragedy, and will decide on whether or not to continue future orders with Boeing once both parties make careful considerations and jointly find solutions to the issues.

READ:  The World At Risk Of Heading Toward Irreversible 'Hothouse' State - Scientists

Continue Reading

African News

US To Toughen Measures Against Africans Who Overstay Short-Term Visas

Published

on

By

US To Toughen Measures Against Africans Who Overstay Short-Term Visas

The United States has announced tough new measures against Africans who overstay their short-term visas in the country.  This is in concert with president Donald Trump’s efforts to curb immigration.

READ:  Ebola Outbreak In DRC Claims 164 Lives

The wall street journal reports African national with high overstay rates, including Nigeria, Chad, Eritrea, Liberia and Sierra Leone, could be affected by the clamp-down.

READ:  Comoros Island - "The Perfumed Island"

In a 2017 report, the U.S. Department of Homeland Security (DHS) recorded the African countries to be among those, under the non-visa waiver program, whose nationals have the highest populations of overstays among non-immigrants in the United States.

READ:  Burkina Faso President Names New Prime Minister

Continue Reading

African News

Advisor To The Presidential Ivanka Trump And OPIC Chief Announce $1Billion Women’s Investment Initiative

Published

on

By

Advisor To The Presidential Ivanka Trump And OPIC Chief Announce $1Billion Women's Investment Initiative

Advisor and daughter of the US President, Ivanka Trump, has joined with David Bohigian, acting president and CEO of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, to announce the launch of OPIC’s initiative to support investment in women in Africa. The announcement was made during a U.S. government delegation to Ethiopia.

READ:  7 Killed, Almost 80 Injured In Morocco Train Derailment

OPIC aims to unlock the full economic potential of women in Africa by catalyzing one billion dollars through the initiative, directly investing 350 million dollars in businesses and funds owned by women, led by women, or providing a good or service that intentionally empowers women on the continent.

READ:  Ethiopia Arrests Former President Of Restive Somali Region

The women’s initiative will advance the white house-led government commitment to empowering women globally.

Ivanka Trump said for women to succeed as entrepreneurs and job creators, they must have equal access to the financing necessary to start and grow their businesses,

READ:  Comoros Island - "The Perfumed Island"

The Overseas Private Investment Corporation, (OPIC), was established in 1971 as a self-sustaining U.S. government agency that helps American businesses invest in emerging markets.

Continue Reading

Trending

Subscribe to ANN News Alert

Be the first to receive the latest news from Africa and around the world.

%d bloggers like this: