Britain’s Export Finance Agency will add the naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency. The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain, it said. Britain voted …

Ethiopia’s prime minister has announced he will resign, in what he says is an effort to advance reforms aimed at easing the country’s political unrest. Speaking on state television Thursday, Hailemariam Desalegn said he has submitted his letter of resignation as both prime minister and chairman of the ruling EPRDF coalition. Hailemariam said he is stepping down “to be part …

Cyril Ramaphosa, head of the ruling African National Congress (ANC), has been sworn is as South Africa’s president, fewer than 24 hours after the resignation of embattled ex-leader Jacob Zuma. “I will try very hard not to disappoint the people of South Africa,” Ramaphosa (65) said on Thursday as he ended his speech to parliament, shortly after the Parliament elected …

Sunday Oliseh said he was suspended from his job at Fortuna Sittard, Netherlands due to his refusal to participate in illegal activities at the club. The 43-year-old former Super Eagles coach was relieved of his duties as coach on Wednesday via a statement on the club’s website “www.fortunasittard.nl”. “The club management makes this decision as a result of the repeatedly culpable …

Zimbabwe opposition leader Morgan Tsvangirai has died aged 65 after a lengthy battle with cancer, party officials announced on Wednesday. The Vice President of his Movement for Democratic Change said the family has confirmed his death and that he passed away in hospital in South Africa, where he had been receiving treatment. “I can confirm that he died this evening. …

Ethiopian journalist and blogger Eskinder Nega has finally been released from a prison facility after seven years in jail. Nega was among the over 740 prisoners who were set for release by the federal government as part of political reforms announced in January 2018. His release comes barely a week after he reportedly refused to sign a ‘false confession form’ …

Jacob Zuma has resigned as president of South Africa with immediate effect, state television announced Wednesday night. Mr. Zuma, 75, has led South Africa since 2009. His resignation came a day after he was asked to resign by his party, the African National Congress (ANC), as a result of corruption allegations and his connection to the Gupta family in South …

South Africa’s president Jacob Zuma has criticised his party, the Africa National Congress (ANC) for recalling him without taking him through the party’s disciplinary processes.  “Why cut it now. I do have a problem, I joined the ANC when I was very young. I have been going to places knowing that I could be killed. It’s the first time that …

President Buhari should not run for another term in office, ex-President Olusegun Obasanjo advised in a letter to Nigeria’s head of state in January 2018. In an interview, he told Deutsche Welle (DW), Germany’s international broadcaster, why he wrote the letter. Nigerian Former President Olusegun Obasanjo is known for his public letters to sitting presidents. In 2013 he wrote a …

German officials say 12,285 people applied for asylum in the country in January. That is a 15 percent drop compared with the same month last year. In January 2017, Germany recorded 14,476 new asylum requests, while some 13,082 people applied for asylum in December 2017. Figures published by the Interior Ministry on Tuesday show most new asylum-seekers last month originated …