Here is your latest African News.
#Egypt Remains Largest Recipient of Foreign Direct Investments in Africa in 2020.
Egypt remained the largest recipient of foreign direct investments in Africa last year despite the coronavirus pandemic,The foreign direct investments were estimated at $5.9 billion in 2020 according to UNCTAD World Investment report 2021.According to the report, the COVID-19 pandemic had a significant impact on foreign direct investment in Africa as flows to the continent declined by 16% in 2020 to $40 billion, from $47 billion in 2019.Cascading economic and health challenges due to the pandemic combined with low prices of energy commodities weighed heavily on foreign investment to the continent.The report showed that commodity-dependent countries were affected more severely than non-resource-based economies.
Democratic Republic of DR Congo
#Residents of Goma suffer health complications from Nyiragongo Volcanic eruption.
One month after the eruption of the giant Nyiragongo volcano in North Kivu, eastern Democratic Republic of Congo (DRC), serious medical consequences are being observed in the city of Goma. An influx of patients with pneumopathy is flooding the hospitals.Since the volcanic eruption, around 900 cases have been reported in the local district hospital. It is reported that Pregnant women are having foetal suffering, and stress.Their have also been reports of respiratory infections, that is acute pneumonia and of exacerbation asthma attacks.The eruption also caused stress that triggered other diseases like diabetes, and other pathologies.
#EU lifts aid and financial sanctions
The European Union (EU) has started the processes of lifting sanctions against Burundi that stop financial aid to the government, EU Ambassador to Burundi Claude Bochu said Monday.In March 2016, the EU suspended its direct financial support to the Burundian government following the political crisis sparked by the controversial third term bid of then President Pierre Nkurunziza.At the end of May this year, the EU working groups unanimously gave the direction to EU judicial institutions to revoke the suspension of the financial aid to the Burundian government, Bochu told a press briefing after meeting Burundian President Evariste Ndayishimiye.The move follows positive progress initiated by Ndayishimiye in terms of promoting governance, rule of law and human rights.
#Gabon is first African country paid to protect its rainforest.
Gabon has become the first African country to receive payment for reducing carbon emissions by protecting its rainforest.The UN-backed Central African Forest Initiative (Cafi) has handed over $17m (£12m) – the first tranche of a $150m deal struck in 2019.Nearly 90% of Gabon is covered by forest, which captures more carbon than the country emits.Rainforests are vital for absorbing the globe’s climate-heating emissions.Gabon has been able to show that it managed to reduce deforestation and so lower its carbon emissions in in the last five years compared to the previous decade.Gabon has launched a number of conservation schemes in recent years, including the creation of 13 national parks and a project to combat illegal logging.
#Sadio Mane donates $693,000 to fund a hospital in his hometown of Senegal.
Senegal and Liverpool football star Sadio Mane has donated $693,000 to help fund the construction of a hospital in his hometown of Bambali in Senegal.
The village, about 400 kilometers outside the capital city Dakar, did not previously have a hospital.Mane met withSenegalese President Macky Sall earlier this month to discuss the project, which will include departments for maternity care, dental facilities and consulting rooms.In 2019, Mane donated close to $350,000 to build a school in Bambali. The year before he also gifted 300 Liverpool shirts to his home village so that residents could wear them during the Champions League finals.
Republic of Congo.
#Congo seizes illegal gold worth $1.9 million in Okapi wildlife reserve from Chinese miners.
Congolese authorities have seized 31 kg of gold, worth around $1.9 million, in the Okapi Wildlife Reserve in the country’s northeast, in a rare loss for smugglers who fraudulently bring tonnes of Congolese gold into the global market each year.
Mining in the reserve – a UNESCO World Heritage site, home to okapi, forest elephants, and other endangered species – is illegal, but the Congolese mining registry shows Okapi covering a smaller area than on UNESCO’s maps. The Suspects are three Chinese nationals and two locals, the locals We’re apprehended while the three Chinese fled.
#Africa gets its First Mobile phone Manufacturing facility in Nigeria.
While mobile phone penetration has been rapidly increasing throughout Africa for several years, until now, all the smartphones sold on the continent were imported from overseas. However, as AfriOne opens up its first smartphone production factory on the continent, the hope is that the flourishing technology can provide greater employment opportunities for the next generation.The company has established the factory in Nigeria’s Lagos Free Zone with an initial investment of $10 million. The plant will begin producing 120,000 units per month; however the company is confident that the facility will eventually produce as many as 300,000 products per month with the phones ranging from 92 to 108 dollars.