It did not happen here, but we very concerned; Britain has left the EU! How Britain’s decision may affect Africa.
A new interbank market opens in Nigeria. Nigeria’s naira was quoted at 253 against the dollar on Monday as a new interbank market opened.
Inflation slows in South Africa. Headline consumer inflation in South Africa, the continent’s most advanced economy, slowed to 6.1 percent year-on-year in May from 6.2 percent in April, according to data from Statistics South Africa.
Very soon, Tanzania will start selling choppers. The East African country has started building locally and expects the first batch to hit the skies sometimes in 2018.
MTN is looking for new streams of revenue. After an eight-month search and the successful resolution of the Nigerian dispute, the South African mobile phone operator has named Vodafone European cluster head Rob Shuter as its new chief executive. It has also appointed a Vice President for Mergers&Acquisitions and Strategy in its bid to focus on new revenue streams.
Protests in South Africa. Protests in townships around the South African capital, Pretoria, continued on Tuesday after it was announced that the current mayor didn’t get backing from the ruling African National Congress to run again in upcoming local government elections.
Shutting up the critic? The Zambian Revenue Authority closed the Post newspaper over disputed tax arrears and police fired teargas Wednesday at reporters selling the publication outside its office, the Lusaka-based publication said. The Post is a strong critic of the government and elections are near.
Will there be another war in the Horn of Africa? Eritrean Presidential Advisor Yemane Ghebreab told the U.N. Human Rights Council on Tuesday while defending his country against allegations of crimes against humanity, that Ethiopia was contemplating full-scale war against his country.
We’re done helping! Kenya will begin closing Africa’s largest refugee camp on July 1 despite international criticism of the move that will affect its mainly Somali population.
Orange continues African expansion. Orange, together with its subsidiary Orange Côte d’Ivoire, has completed the acquisition of 100 percent of Burkina Faso’s second largest mobile operator Airtel following an agreement with Bharti Airtel International (Netherlands) BV, as the French telco continues its expansion in Africa.
Before you go…
Teodoro Obiang Nguema of Equatorial Guinea has made his son vice president. Equatoguineans already know their next president.