Ingabire Questions Legitimacy of Kagame’s Landslide Victory with lack of fairness and competition Facebook X (Twitter) WhatsApp Copy link Mbeki edmond Jul 17, 2024 Rwandan opposition leader Victoire Ingabire Rwandan opposition leader Victoire Ingabire has dismissed President Paul Kagame’s landslide electoral win, challenging the legitimacy of an election she claims lacked genuine competition. Provisional results announced by the National Electoral Commission (NEC) showed Kagame receiving 99.15 percent of the votes, a total of 7,099,810 out of 7,160,864 counted. His opponents, Frank Habineza of the Democratic Green Party and independent candidate Philippe Mpayimana, garnered only 38,301 votes (0.53 percent) and 22,753 votes (0.32 percent), respectively. Ingabire, a former convict, was barred from running in the election. She has criticized the election as neither free nor fair and called on President Kagame to open up Rwanda’s democratic space. Ingabire argues that the lack of real competition undermines the legitimacy of Rwanda's democracy and restricts the electorate’s ability to choose their leaders. In March 2024, Rwanda’s High Court denied Ingabire’s application for rehabilitation, preventing her from regaining her civic rights, including the right to travel and participate in elections. She has since taken her case to the East African Court of Justice (EACJ) seeking interim measures to prevent the harm caused by her exclusion from the presidential race. This case is still pending. Responding to Kagame’s victory, Ingabire emphasized that the results, where Kagame secured over 99 percent of the vote, highlight the lack of competition. Ms Ingabire said it would not have happened if there was a level playfield. “The fact that President Kagame has won with over 99 percent shows that there was no competition,” she said. Ingabire, who has been a vocal critic of Kagame’s administration, left Rwanda for the Netherlands in 1994. She founded a political party in 2006 and returned to Rwanda in 2010 to participate in the presidential election but was arrested, tried, and sentenced to 15 years in prison for inciting divisionism and conspiring against the government. In 2017, the African Court on Human and Peoples’ Rights ruled that Rwanda had violated her rights to freedom of expression and defense. She was released on a presidential pardon in September 2018 after serving eight years. Ingabire has also sought permission to visit her ailing husband in the Netherlands and hopes she will be allowed to leave the country now that the elections are over. Meanwhile, Kagame’s competitors have conceded defeat, as he prepares for his fourth term. Speaking at the Rwanda Patriotic Front (RPF) headquarters in Kigali after the interim results were announced, Kagame thanked his supporters and emphasized the trust placed in him. Polling was smooth, with many voters dressed in traditional attire and polling stations decorated like wedding venues. The NEC allowed voters to cast their ballots at any polling station, a departure from previous elections. Voting ended at 3 pm, with immediate counting, and results from each polling station were consolidated at the district level before being transferred to the national tallying center. Provisional results will be announced on July 20, with final results declared on July 27. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Angola's Untapped Oil Potential: A Call for Investment Facebook X (Twitter) WhatsApp Copy link Ayize claire May 23, 2024 ​ Angola's oil and gas industry is set for growth with 50 billion barrels of untapped potential. Investment is key to boosting production and competitiveness. Angola has an estimated 50 billion barrels of oil yet to be explored, with around 10 billion barrels already discovered. This significant potential, highlighted by Ana Miala, the executive director of the National Oil, Gas and Biofuel Agency (ANPG), was announced during the first Offshore Exploration Forum in Luanda. Miala emphasized that this potential requires substantial investment to fully exploit and enhance Angola's competitiveness in the crude oil market. In addition to the available oil reserves, Miala pointed out the existence of contractual stability and appropriate laws as crucial factors encouraging new investment in Angola's oil sector. Reflecting on past production, she noted that the sector peaked in 2008 with 1.9 million barrels per day but dropped to 1.1 million barrels per day by 2014. In April, Angola's oil production totaled 32,206,719 barrels, averaging 173,557 barrels daily, surpassing the forecast of 1,129,395 barrels. Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, emphasized the need to increase production , noting significant opportunities in the Kwanza, Congo, and Namibe Basins. He urged entrepreneurs to seize these opportunities to enhance the sector. The ANPG aims to expand the number of oil and gas exploration blocks from 32 to 50 by 2025. Paulino Jerónimo, chairman of the ANPG's Board of Directors, stated that this goal aligns with the government's commitment to developing the sector and boosting oil exploration in the country. Established in 2019 by Presidential Decree no. 49/19, the ANPG has taken over the role of National Concessionaire from Sonangol. Its mission includes regulating, supervising, and promoting oil, gas, and biofuel activities in Angola. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Lenny Kravitz Receives Star on Hollywood Walk of Fame in Tribute Facebook X (Twitter) WhatsApp Copy link Prince Jean Mar 14, 2024 ​ Lenny Kravitz Awarded Star on Hollywood Walk of Fame. Photo provided by WAVE Lenny Kravitz was celebrated with the prestigious honor of a star on the Hollywood Walk of Fame, a ceremony that saw him flanked by his daughter Zoë Kravitz and esteemed friend, Denzel Washington. At 59, the iconic musician reflected on his journey to stardom, crediting his initial Hollywood connections to Norman Lear, who cast his mother, Roxie Roker, in the acclaimed TV show "The Jeffersons." Kravitz recounted his early days in Los Angeles, where he ventured at 15, embracing the city's vibrancy that he felt mirrored the dynamism of New York. During the ceremony, Kravitz shared his awe at the full-circle moment, having once roamed the very streets of Hollywood Boulevard that now bear his name alongside those of his idols. The acknowledgment on such an iconic avenue highlights not just his musical legacy but also his unique path in the industry, marked by a steadfast commitment to his artistic vision despite industry pressures. Denzel Washington, in his tribute to Kravitz, underscored their deep bond, referring to Kravitz as a brother and a cherished friend. The event was further illuminated by the presence of Marla Gibbs of "The Jeffersons" and Zoë Kravitz's fiancé, Channing Tatum, underscoring Kravitz's enduring relationships in the industry. Kravitz's narrative is also deeply intertwined with his African heritage, an element that has influenced his music and personal ethos. This connection enriches his career narrative, adding layers to his musical journey and creative inspirations. This honor on the Hollywood Walk of Fame not only commemorates Kravitz's artistic achievements but also celebrates his resilience and unwavering dedication to authenticity in the music industry. Kravitz's star serves as a testament to his enduring impact on music and culture, both in Hollywood and beyond, including his profound connection to his African roots. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Rwanda's Upcoming Presidential Election: Paul Kagame should accept change," says Victoire Ingabire. Facebook X (Twitter) WhatsApp Copy link Ayize claire Jul 11, 2024 Opposition leader Victoire Ingabire calls for greater political openness and fair elections in Rwanda. As Rwanda prepares for its presidential and legislative elections on July 15, 2024, the political landscape is marked by controversy. President Paul Kagame, who has led the country since 2000, is seeking re-election for a fourth term. He faces two opponents: Green Party MP Frank Habineza and independent candidate Philippe Mpayimana. The elections have been criticized for the exclusion of significant opposition voices. Victoire Ingabire, a prominent opposition figure, was barred from running due to a 2013 conviction that stripped her of her civil rights. Ingabire argues that the exclusion of candidates who could genuinely challenge Kagame undermines the fairness of the elections. "Candidates who are well placed to really challenge President Kagame have been banned," she stated, calling for broader political participation. Ingabire emphasized that political competition should not be controlled by the ruling party. "It is not up to the party in power to choose who should face their candidate," she said, urging for adherence to Rwandan laws that should apply to all parties, including the ruling one. She also called on President Kagame to accept constructive criticism and to embrace democratic alternation for the betterment of Rwanda's future. Despite her inability to run, Ingabire remains a vocal critic, advocating for a political environment where the Rwandan people can freely choose their leaders. Her continued push for political reform highlights the ongoing struggle for democratic space in Rwanda as the country heads to the polls. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Challenges of Justice: Addressing Allegations Against the RPA in the Rwandan Genocide Facebook X (Twitter) WhatsApp Copy link Mbeki edmond May 16, 2024 ​ President Kagame addresses the news conference in Kigali on Monday, photo The news Time The IRMCT Office of the Prosecutor (OTP) recently announced that it has accounted for all fugitives indicted by the International Criminal Tribunal for Rwanda (ICTR) for crimes committed during the Rwandan genocide that took place during the 100 days of unspeakable violence. While the IRMCT OTP's announcement represents a significant step forward in the pursuit of justice, it also highlights the challenges that remain. One such challenge is the elusive nature of the genocide's preparatory phase. For example, a judge accused Tutsi rebels, led by the current president, Paul Kagame, of the attack; arrest warrants were issued for a number of people close to him (source: BBC) . Despite extensive investigations, the full extent of the planning and organization that led to the genocide remains unclear. Among the various theories and speculations surrounding the genocide's preparatory phase, one notable suspect is the Rwandan Patriotic Army (RPA), led by Paul Kagame. no RPA commander has been prosecuted for war crimes related to the Rwandan Genocide and war crimes done by RPA soldiers during the Genocide. This lack of accountability raises concerns about the selective nature of justice and the potential for impunity among those in power. The RPA , a rebel group that played a significant role in ending the genocide, has been accused by some of having prior knowledge of the impending violence and even contributing to its orchestration. These allegations have been a subject of debate and controversy, with supporters of the RPA arguing that the group was focused on stopping the genocide and protecting innocent lives. It also highlights the challenges faced by the international community in addressing the complexities of the conflict and ensuring that all perpetrators, regardless of their affiliation, are held responsible for their actions. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Top 5 Rapidly Expanding African Economies Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Feb 12, 2024 ​ Libya's current account value to GDP 2023-2024 In this piece, we explore the top 5 rapidly expanding economies in Africa. For further insights into Africa's swiftly advancing economies, stay tuned. 5. Eswatini Economic Expansion in 2021 as per World Bank: 7.43% Located in Southern Africa, Eswatini is bordered by South Africa and Mozambique. Its economy is heavily intertwined with South Africa's, relying on it for approximately 85% of its import needs and 60% of its export revenue. In 2021, Eswatini experienced a significant economic revival, with its real GDP growth estimated to have surged to 7.4%, a substantial recovery from a 1.9% contraction in 2020. The easing of lockdown measures in 2021 played a crucial role in boosting its export-driven sectors, alongside a marked increase in external demand in its key export destinations. 4. Kenya Economic Growth Rate in 2021 as reported by the World Bank: 7.52% Kenya ranks next among Africa's most rapidly advancing economies. From 2015 to 2019, the nation enjoyed an average annual growth rate of 4.8%, significantly reducing poverty levels. The onset of the COVID-19 pandemic in 2020 heavily impacted the economy, disrupting sectors like travel, tourism, and urban services. Despite these challenges, the agricultural sector, a cornerstone of Kenya's economy, showed remarkable resilience, limiting the GDP's fall to just 0.3%. In 2021, Kenya's economic growth rebounded to 6.7%, primarily driven by private consumption and the services sector, both buoyed by supportive government policies and the easing of COVID-19 restrictions. 3. Rwanda World Bank's Reported GDP Growth for 2021: 10.88% Rwanda's economy experienced a downturn of 3.4% in 2020 due to the COVID-19 pandemic. However, a robust fiscal stimulus, swift vaccination efforts, gradual relaxation of COVID-19 measures, and a resurgence in global demand fueled a remarkable GDP growth of 10.9% in 2021. The sectors driving this growth included services (12%), industry (13%), and agriculture (6%). After a 5.9% contraction in 2020, the GDP per capita saw a significant recovery, growing by 7.4% in 2021. Projections for Rwanda's GDP growth stand at 6.9% for 2022 and an anticipated 7.9% for 2023. 2. Botswana In 2021, Botswana experienced a remarkable economic rebound, with its GDP growing by 11.36% . This growth came after a challenging year in 2020, during which the country faced significant economic setbacks due to COVID-19 restrictions. Notably, the revival of the global diamond market played a crucial role in driving mining production upward. Additionally, industries beyond mining, such as public administration, military, construction, wholesale, and retail, also contributed to the positive trend. As the adverse effects of the pandemic on net exports waned and government spending increased, aggregate demand saw a boost in 2021. Libya In 2021, Libya’s economy experienced a remarkable turnaround, with its GDP growing by 31.37% . This recovery followed a severe contraction of 23.93% in 2020, which was influenced by various factors, including political instability, plummeting oil prices, and the rapid spread of COVID-19. The significant increase in oil production played a crucial role in driving Libya’s economic resurgence. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Mama Maria Nyerere Arrives in Uganda for Martyrs Day Pilgrimage Facebook X (Twitter) WhatsApp Copy link Ayize claire Jun 4, 2024 Maria Gabriel Magige Waningu, affectionately known as "Mama Maria Nyerere for pilgrimage in Uganda Maria Gabriel Magige Waningu, affectionately known as "Mama Maria Nyerere," has touched down in Uganda ahead of the Uganda Martyrs Day 2024 pilgrimage. The 94-year-old widow of former Tanzanian President Julius Kambarage Nyerere arrived at Entebbe International Airport accompanied by her granddaughter, Hok Wankyo, on Monday night, marking her 12th pilgrimage to Namugongo. The devout Catholic and former first lady has been a regular attendee of the Martyrs Day celebrations since her inaugural visit in 2007. However, due to the COVID-19 pandemic, she was unable to participate in 2020 and 2021. Last year, she returned to join fellow Christians in commemorating the brave Ugandan Martyrs, who were executed between 1885 and 1887 on the orders of Kabaka Mwanga II. The Uganda Martyrs, consisting of 22 Catholics and 23 Anglicans, were canonized by Pope Paul VI in 1964 after being beatified in 1920. Their sacrifice is honored annually on June 3 at Namugongo, attracting pilgrims from around the globe. For Mama Maria, Martyrs Day holds personal significance beyond religious observance. The Nyerere family traditionally uses the occasion to petition for the beatification of Julius Nyerere. In 2005, Pope Benedict XVI declared him the Servant of God, marking the initial step towards canonization. Efforts for his beatification and eventual sainthood are ongoing, with the last two steps pending. As Mama Maria joins the faithful in prayer and reflection, her presence serves as a reminder of the enduring legacy of faith and sacrifice embodied by the Uganda Martyrs and her late husband, Julius Nyerere. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Gambian Lawmakers Back Recommendations to Maintain Female Genital Mutilation Ban Facebook X (Twitter) WhatsApp Copy link Ayize claire Jul 9, 2024 A veiled woman and young girls sit in contemplation, highlighting the deep-rooted cultural practices amidst the ongoing debate on FGM Gambian lawmakers have supported recommendations to maintain the country's ban on female genital mutilation (FGM), ahead of a crucial vote later this month on whether to decriminalise the practice. FGM has been outlawed in Gambia since 2015, yet the practice remains prevalent. The first convictions last year for FGM spurred a backlash against the law. Following a heated debate, a report by the joint health and gender committee was adopted by the full house, with 35 lawmakers voting in favour, 17 against, and two abstaining. The final vote on the bill to decriminalise FGM is set for July 24. If approved, Gambia would be the first country to reverse a ban on FGM. The bill passed its second reading in March with only five out of 53 lawmakers opposing it and one abstaining. The joint committee conducted a national public consultation with various stakeholders , including religious and traditional leaders, doctors, victims, civil society groups, and circumcisers. The conclusions presented on Monday condemned all forms of FGM as a "traumatic form of torture" and "discrimination against women." Amadou Camara, the lawmaker who read out the report, stated that repealing the law would be a significant setback for the Gambia. The first conviction for FGM last August involved three women found guilty of cutting eight infant girls, which sparked outrage. This led independent lawmaker Almaneh Gibba to table the repeal bill in March. Gibba and his supporters, including influential religious leaders, argue that the ban infringes on citizens' rights to practice their culture and religion in the Muslim-majority country. However, many Islamic scholars dispute this claim.The World Health Organization (WHO) asserts that FGM has no health benefits and can result in severe complications such as excessive bleeding, shock, psychological issues, and even death. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Alleged Businessman Link Emerges in AKA Murder Trial: Prosecutors Present Evidence Facebook X (Twitter) WhatsApp Copy link Prince Jean Mar 29, 2024 ​ Police allege businessman's connection to AKA murder case. @maserumetro In the ongoing trial concerning the tragic murder of South African musician AKA and his companion, court documents have unveiled a potential connection implicating a prominent businessman, Sydney Mfundo Gcaba, from a notable South African family. This revelation comes as prosecutors delve into the backgrounds of the accused gunmen. According to the disclosed court records , a company owned by Mr. Gcaba transferred a substantial sum of over 800,000 rands to one of the suspects, Mziwethemba Harvey Gwabeni, mere hours after the distressing incident took place. Notably, phone records presented by the prosecution indicate a call between Gwabeni and Mr. Gcaba preceding the financial transaction. As the trial unfolds, Mr. Gcaba has yet to formally address these allegations. Prosecutors assert that the funds disbursed by Mr. Gcaba's company were purportedly divided among the seven suspects implicated in the shooting. Gwabeni, among the accused, contends that the transfer was remuneration for consulting services rendered to the company. However, authorities argue the lack of substantial evidence supporting this assertion. The Gcaba family, renowned for their substantial business enterprises in South Africa, notably within the taxi industry, has refrained from issuing public statements regarding the allegations. Law enforcement agencies are intensifying their investigative efforts to ascertain any potential motives behind Mr. Gcaba's purported involvement in the tragic incident, as the trial progresses. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Ghana Sets Sights on Continental Trade Expansion Under AfCFTA Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Feb 29, 2024 ​ Accra city has witnessed remarkable growth due to implication of internation trade relations In a significant move towards continental trade, Ghanaian enterprises are gearing up to conquer the African market through the African Continental Free Trade Area (AfCFTA). Highlighted in President Nana Addo Dankwa Akufo-Addo's 2024 State of the Nation address, Ghana's proactive engagement with AfCFTA positions it as a key player in East Africa, with successful inroads into Kenya and Tanzania. Under the AfCFTA's Guided Trade Initiative (GTI), Ghana is set to export an array of over 700 certified products, including cosmetics, processed foods, and garments, to these markets. Notably, Kasapreko Company Limited, a renowned local beverage manufacturer, has already started exporting to Kenya, marking a significant achievement in Ghana's trade journey. The collaboration with the African Export-Import Bank (Afreximbank) in launching the Pan-African Payment and Settlement System (PAPSS) is a strategic move to streamline cross-continental transactions, further enhancing trade efficiency. With 88.3% of the Rules of Origin framework negotiated, Ghana stands out as a commendable example in implementing AfCFTA's vision for free trade across Africa. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Suspected Islamist Militants Attack Civilians in Eastern Congo, Killing 10 Facebook X (Twitter) WhatsApp Copy link Griffith Sarah Apr 14, 2024 ​ Suspected Islamist rebels have killed at least 10 civilians jihad being a motivation In a tragic escalation of violence in the Democratic Republic of Congo, suspected Islamist rebels have killed at least 10 civilians in an assault near the city of Beni, local authorities confirmed on Saturday. The attack occurred in Mulekera commune, just outside Beni, where individuals were targeted while working in their fields. Attack Details and Victim Identification According to Mulekera Mayor Ngongo Mayanga, the attackers, believed to be part of the Allied Democratic Forces (ADF), opened fire on unsuspecting civilians. "Seven bodies have been collected so far, including those of three women, and five more victims have been reported in nearby areas," Mayor Mayanga stated. He also expressed concerns that the death toll might rise as search efforts continue. ADF and Regional Instability The ADF, originally from Uganda and now based in eastern Congo, has reportedly pledged allegiance to the Islamic State, contributing to the region's ongoing instability. This area is notorious for its activity by various militant groups, leading to a protracted humanitarian crisis. Eyewitness Account One eyewitness, who narrowly escaped the attack, shared a harrowing tale of survival. "I was working in the field when I heard gunshots. After parting ways with my daughter-in-law, who sadly was killed, I fled into the forest to hide. I spent a fearful night there, avoiding the assailants," he recounted. Ongoing Conflict and Displacement Eastern Congo has been ravaged by decades of conflict involving the army and numerous rebel factions. The United Nations reports that the number of people displaced by the ongoing violence had reached 7.1 million by the end of March, as per the U.N. humanitarian agency OCHA. The international community continues to monitor the situation in eastern Congo closely, as the frequency of attacks raises serious concerns about regional security and the effectiveness of current peacekeeping efforts . More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024

Zambia's Kwacha Triumphs: The Journey to Becoming Africa's Top Currency in 2024 Facebook X (Twitter) WhatsApp Copy link louis Buyisiwe Feb 23, 2024 ​ Zambia's Kwacha leads Africa's currencies in 2024, showcasing the power of economic reform and global confidence Economic Renaissance Zambia's Kwacha has made a remarkable turnaround, securing its position as Africa's top-performing currency in 2024. This impressive performance is attributed to a series of strategic economic reforms and political stability ushered in by the new government. The election of President Hakainde Hichilema, a seasoned businessman, brought a wave of optimism, driving the Kwacha to its best year since 2005. The country's focus on restoring investor confidence, particularly in the mining sector, has been pivotal. Zambia, renowned for being Africa's second-largest copper producer, has seen renewed interest from major mining companies and significant investments, further bolstering the Kwacha's strength​​​​. Mining Sector Revival The resurgence of the mining industry, especially copper and cobalt, crucial for renewable energy, has played a central role in Zambia's economic recovery. The global demand for these minerals, coupled with the government's favorable policies, has attracted new and existing investors. This rejuvenation is not just limited to copper but extends to nickel, essential for lithium rechargeable batteries and other technologies. These developments have significantly increased Zambia's export revenues, contributing to the Kwacha's robust performance​​. Debt Restructuring and IMF Bailout Another cornerstone of Zambia's economic revival is the strategic restructuring of its external debt, which had ballooned to $17.3 billion. The government's negotiations with international creditors, including a notable $1.4 billion bailout from the International Monetary Fund (IMF), have been critical. This financial maneuvering has alleviated the pressure on the Kwacha, allowing it to soar to unprecedented levels and attracting more investors to Zambia's local currency bonds​​​​. Zambia's journey from being a pandemic-era sovereign defaulter to hosting Africa's best-performing currency is a testament to the impactful economic policies and the government's commitment to sustainable growth. More Stories Ethiopia Death Toll from Ethiopian Landslides Rises to 157, Official Says Read More Community Jul 22, 2024 South Sudan South Sudan's Basketball Team: Forging a New countie's image Read More Sports Jul 22, 2024 Nigerian Manchester United Secure NIgerian-Danish Wonderkid Chido Obi-Martin from Arsenal Read More Sports Jul 21, 2024