Atul, Rajesh Gupta applied for asylum in Cameroon and Central African Republic : report

Atul and Rajesh Gupta, who are wanted by South African authorities on charges of money laundering and fraud, applied for asylum in two other nations on the continent, Africa Intelligence reported, without citing anyone. The brothers sent applications to the authorities in Cameroon and the Central African Republic, the Paris-based newsletter said. The governments of both…

Anti-gay laws : Global business giants warn Uganda of blackmail risk

Ugandan legislation that sets harsher penalties for violating laws outlawing homosexuality opens companies and workers in the East African nation to the risk of blackmail.  A bill awaiting assent by President Yoweri Museveni, an LGBTQ critic, will force companies to report homosexual people to the authorities. That’s “unacceptable” and leaves firms vulnerable to “blackmail if…

World Bank reaffirms its commitment to Niger

By Rédaction Africanews and AFP NIGER World Bank President David Malpass told a press conference in Niamey on Thursday that security and energy were “indispensable for development” in the Sahel, at the end of a two-day visit to Niger which is ranked among the poorest in the world. “Today, energy is very important. We are the country…

AU’s silence the guns initiative under threat

By Africanews USA The goal of silencing the guns in Africa this decade is being challenged by climate change, terrorism, coups and the continent’s history. This is the message the head of the African Union initiative brought to the UN Security Council on Thursday. “The topic of this important debate is timely. It is coming at a moment when Africa is faced with multiple challenges that put at…

SARB expected to increase repo rate

Risha Maduray |  @SABCNews Economists are expecting the South African Reserve Bank (SARB) to increase interest rates by 25 basis points at its Monetary Policy Committee meeting on Thursday. They believe this could be the last of the interest rate hike cycle, which started in November 2021. Economist Frank Blackmore says: “The probability is certain that we…