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Amid Conflict, Congo Courts Trump for Strategic Minerals Deal

Amid Conflict, Congo Courts Trump for Strategic Minerals Deal

The proposal mirrors a failed U.S.-Ukraine minerals-for-security deal, highlighting Congo’s desperation amid escalating conflict.
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Wallstreet AfricaMarch 06, 2025
Africa's Bandwidth and Cloud Services Group (BCS) Completes Deepest Inland Submarine Cable in the World

Africa's Bandwidth and Cloud Services Group (BCS) Completes Deepest Inland Submarine Cable in the World

BCS Group’s Lake Tanganyika submarine cable spans 400 kilometers, reaching depths of 800 to 1,300 meters. This groundbreaking project enhances connectivity across the Democratic Republic of Congo (DRC) and surrounding regions, bringing affordable, high-speed internet to 7 million people in South Kivu province and 3.7 million people in the Lake Tanganyika region.
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Wallstreet AfricaMarch 06, 2025
UK Suspends Aid to Rwanda Over DRC Conflict

UK Suspends Aid to Rwanda Over DRC Conflict

United Kingdom Joins Belgium in Suspending Aid to Rwanda Over Eastern DRC Conflict
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Wallstreet AfricaFebruary 28, 2025
DRC Halts Cobalt Exports for 4 Months to Tackle Oversupply and Stabilize Prices

DRC Halts Cobalt Exports for 4 Months to Tackle Oversupply and Stabilize Prices

The DRC, also the world’s second-largest copper producer, has been monitoring market dynamics for a year.
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Wallstreet AfricaFebruary 26, 2025
Nigerian Court Orders Forfeiture of N830m, $4.7m, and Properties Linked to Former CBN Governor Godwin Emefiele

Nigerian Court Orders Forfeiture of N830m, $4.7m, and Properties Linked to Former CBN Governor Godwin Emefiele

Additionally, the court ordered the forfeiture of €20,000, £1,999.50, and investments worth $900,000 and $4.4 million traced to entities connected to Emefiele. 
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Wallstreet AfricaFebruary 21, 2025
Rwanda's $620 million dollar bonds record sharpest decline in 3 years

Rwanda's $620 million dollar bonds record sharpest decline in 3 years

On Tuesday, Rwanda's $620 million worth of dollar bonds fell by 2.7%, marking the sharpest decline in nearly three years according to Bloomberg
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Wallstreet AfricaFebruary 21, 2025
What You need To Know About Africa’s New AU Chairman Mahamoud Ali Youssouf

What You need To Know About Africa’s New AU Chairman Mahamoud Ali Youssouf

Mahamoud Ali Youssouf brings over two decades of diplomatic and political experience to his new role.
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Wallstreet AfricaFebruary 15, 2025
Africa Launches Own Credit Rating Agency to Combat Bias

Africa Launches Own Credit Rating Agency to Combat Bias

With only two African countries currently rated as investment-grade, the new agency aims to provide a fairer assessment of Africa’s economic potential.
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Wallstreet AfricaFebruary 14, 2025
Mali Government and Barrick Gold Talks Suspended Over Gold Mine Dispute, Bloomberg Reports

Mali Government and Barrick Gold Talks Suspended Over Gold Mine Dispute, Bloomberg Reports

Mali is demanding a one-time payment of 125 billion CFA francs ($197 million) from Barrick, the Canadian mining giant, as part of the resolution.
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Wallstreet AfricaFebruary 12, 2025
IMF President Visits Ethiopia as Debt Restructuring Talks Near Completion

IMF President Visits Ethiopia as Debt Restructuring Talks Near Completion

Georgieva emphasized that Ethiopia is in the “final stretch” of negotiations with its creditors, a process she described as a top priority.
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Wallstreet AfricaFebruary 10, 2025
African Rejection Rates Highlight Schengen Visa Discrimination

African Rejection Rates Highlight Schengen Visa Discrimination

In 2023, despite submitting half as many applications as those from Asia, African applicants were twice as likely to be rejected, with rates 14 percentage points higher than Asian applicants. This disparity underscores the systemic challenges African nationals face in accessing Schengen visas.
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Wallstreet AfricaFebruary 04, 2025
UK Condemns Rwanda-Backed M23 Offensive in DRC, Considers Withdrawing Support for Rwanda

UK Condemns Rwanda-Backed M23 Offensive in DRC, Considers Withdrawing Support for Rwanda

In light of Rwanda’s actions, the UK is actively considering next steps, including a potential review of all its support to Rwanda. The FCDO spokesperson reiterated the UK’s commitment to working with international partners to address the crisis and hold those responsible accountable.
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Wallstreet AfricaJanuary 31, 2025
Rwanda-Backed M23 Rebels Capture Goma

Rwanda-Backed M23 Rebels Capture Goma

Rwanda-backed rebels claimed they captured eastern Congo’s largest city, Goma, early Monday, as the United Nations described a “mass panic” among its 2 million peoplee
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Wallstreet AfricaJanuary 27, 2025
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