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AfricaEconomy

Zambians struggle with electricity shortages driven by drought

Zambia is currently grappling with significant electricity shortages, largely driven by severe drought conditions that have affected hydroelectric power generation, the backbone of the country’s energy supply. Approximately 80% of Zambia’s electricity comes from hydropower, primarily from the Kariba Dam, which relies on consistent water levels. Unfortunately, extended dry spells have…
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AfricaEconomy

Libya resumes oil production

Libya has officially resumed oil production, marking a pivotal moment for a nation heavily reliant on its petroleum resources. Following years of political turmoil and conflict, the resumption signals not only a potential economic recovery but also a step towards stabilizing a fragmented political landscape. Oil is the backbone of Libya’s economy, accounting for nearly 90% of government…
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AfricaEconomy

Zambian President Hakainde Hichilema Projects 3 year Economic Growth

Zambian President Hakainde Hichilema has outlined an ambitious plan aimed at achieving significant economic growth over the next three years. His administration is focused on stabilizing the economy, attracting foreign investment, and promoting sustainable development across various sectors. Key components of Hichilema’s economic growth strategy include enhancing the business environment…
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AfricaEconomy

Top African lithium producer, Zimbabwe plans incentives to encourage mineral processing

Zimbabwe, recognized as one of Africa’s leading lithium producers, is taking significant steps to boost its mineral processing capabilities. The government aims to introduce incentives that encourage local processing of lithium, which is essential for electric vehicle batteries and various technological applications. The push for mineral processing is part of Zimbabwe’s broader strategy…
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AfricaPolitics

Mozambique heads to the polls amid insecurity and drought-induced hunger

As Mozambique prepares for its upcoming elections, scheduled for October 2024, the nation faces significant challenges, including escalating insecurity and widespread hunger exacerbated by drought. These issues are casting a shadow over the electoral process and raising concerns about the stability and future of the country. In recent years, Mozambique has grappled with a surge in violence…
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AfricaPolitics

Kenya lawmakers vote to impeach Deputy President Rigathi Gachagua

Kenya’s lawmakers voted to impeach Deputy President Rigathi Gachagua, a significant political event that has stirred considerable debate across the nation. The impeachment motion, which gained traction amid allegations of corruption and abuse of office, underscores ongoing tensions within the Kenyan political landscape. Supporters of the impeachment motion accused Gachagua of misusing his…
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AfricaPolitics

Burkina Faso bans VOA news agency

Burkina Faso’s government took the controversial step of banning the Voice of America (VOA) news agency, a move that has raised significant concerns among press freedom advocates and international organizations. The government cited issues of “accuracy” and “fairness” in VOA’s reporting, claiming that the agency’s coverage had misrepresented the situation in the…
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