Top10 News
A daily digest of the most compelling stories in Africa.
Essential updates and fascinating insights from the worlds of news, business, lifestyle, and travel.
How the AU’s Credit Rating Agency Could Unlock African Potential
The African Credit Ratings Agency (AfCRA), initially set to launch in December 2023, will now be operational by June 2025 due to delays in securing a transaction advisory firm. The agency, the brainchild of the African Union, aims to address the high cost of capital in Africa, which is “three
African Nations in Talks for First-ever Joint Debt-for-Nature Swap
At least five African nations are in discussions to implement the world’s first joint “debt-for-nature” swap, aiming to raise $2 billion for the protection of the Indian Ocean’s rich coral ecosystems. Debt-for-nature swaps, where nations restructure debt and redirect savings to conservation, are gaining popularity among poorer countries. While previous
Tanzania Mandates That 20% of Gold Sales Must Go to Central Bank
Tanzania’s mining regulator has mandated that all gold exporters reserve at least 20% of their gold for sale to the central bank, effective October 1. This directive, part of a new mining law, aims to support the Bank of Tanzania’s (BoT) efforts to diversify foreign reserves amid local currency depreciation.
Zimbabwe Devalues Gold-backed Currency by 40%
Zimbabwe’s central bank has devalued its gold-backed currency, the Zig, by over 40% against the US dollar, raising concerns about the country’s ongoing economic challenges. The Reserve Bank of Zimbabwe (RBZ) reduced the exchange rate to 24 Zig per US dollar due to increased demand for the US currency, which
Kenya’s Deputy President Subject of Impending Impeachment Motion
Kenya’s Deputy President Rigathi Gachagua is facing an impending impeachment motion, with MPs accusing him of promoting ethnic divisions, undermining President William Ruto, and involvement in the recent anti-government protests. The Directorate of Criminal Investigations (DCI) has implicated Gachagua’s associates in these uprisings. A two-thirds majority in both the National
Tunisia’s Parliament Strips Courts of Power Over Election Body
Tunisia’s parliament has passed a law stripping courts of their power over decisions made by the Independent High Authority for Elections (ISIE), whose members are appointed by President Kais Saied. The amendment, passed just days before the presidential election, prevents the courts from overturning ISIE rulings, sparking protests from opposition
Algeria Introduces Visa Requirements for Moroccan Visitors
Algeria has reintroduced visa requirements for Moroccan passport holders, citing concerns over “destabilization actions,” including human and drug trafficking, espionage, and the presence of “Zionist agents.” Both countries lifted visa requirements some 20 years ago. This move marks a significant escalation in the already strained relations between Algeria and Morocco,
British Army to Probe Rape and Murder Allegations against Troops
The British Army is launching an inquiry into allegations of serious misconduct by soldiers stationed at the British Army Training Unit Kenya (BATUK). The investigation follows accusations of rape, murder, and exploitation of local women, including claims involving Agnes Wanjiru, a Kenyan woman murdered in 2012, whose case remains unresolved.
Scientists Decode Oldest Human DNA Ever Found in South Africa
Researchers from the University of Cape Town (UCT) and the Max Planck Institute have decoded the oldest human DNA ever found in South Africa by reconstructing the genomes of two individuals who lived in the region about 10,000 years ago. The discovery provides new insights into ancient human history, especially
Ethiopian Athletes Claim Victories in Berlin Marathon
Ethiopians Milkesa Mengesha and Tigist Ketema triumphed at the Berlin Marathon on Sunday, claiming victories in the men’s and women’s races, respectively. Mengesha, 24, ran a personal best of 2:03:17, edging out Kenya’s Cyrbian Kotut by five seconds in a thrilling final kilometer. Fellow Ethiopian Haymanot Alew finished third. In