here's your latest african news africa wide pandora papers exposed african
leaders offshore secrets millions of leaked documents have revealed the financial secrets
of how world leaders billionaires and celebrities use tax havens the pandora papers has revealed
how the west end capitalism enables the illicit cash flow out of the continent
this financial system knowingly established by the west is actively enabling the theft of
african resources kenya's president kenyatta has been implicated and leaked records show that he
and his family are beneficiaries of a secretive foundation in panama that is allegedly used to
hide funds other implicated african leaders include denis sasso unquesto president of the
republic of the congo ali bongo on dimba president of gabon patrick archie prime minister of ivory
coast jim moisey security minister of uganda aerys ali and former prime minister of mozambique
libya more than 5 000 refugees detained in libya according to ngo a recent report claims
thousands of refugees have been detained in libya the ngo says it's the first crackdown
launched so far by the libyan authorities targeting migrants a human rights worker
for the norwegian refugee council claims up to 5 000 refugees may have been detained in
libya since friday the allegations were made on sunday following a crackdown on friday by
the libyan police force against refugees according to the u.n the operation resulted in at least one
dead person and 15 injured the libyan authorities claimed at least 4 000 detentions including women
and children ethiopia ethiopia's prime minister abi ahmed takes oath for a new term
utopian prime minister abi ahmed has been sworn in for another five-year term abi took the oath of
office administered by supreme court justice mesa ashinafi following similar votes by the speaker
and deputy speaker of the parliament's lower house abi's prosperity party was declared the winner of
parliamentary elections earlier this year in a vote criticized and at times boycotted by
opposition parties but described by some outside electoral observers as better run than those in
the past the election marked the first time abi faced voters since he was appointed prime minister
in 2018 following several years of anti-government protest africa wide ghanian stock exchange is now
the second best performing stock market in africa while lusaka stock exchange is first
the ghana stock exchange which led the league of african stock exchanges as the best performing
market in the first half of this year in dollar term was beat into the first position by the
lusaka stock exchange in the first nine months of this year the impressive run by the zambian
quarter against the dollar was a key contributing factor against the accra booze being pushed to
the second position in local currency term the accra bruce was the best performing market on the
african continent but the 1.78 depreciation of the city to the dollar and the 27 points gained in the
zombie currency to the dollar pushed the ghanian stock exchange to the second position according to
the trading result 15 stocks on both the main and sme market registered gains in the market value
while six stocks recorded losses the best performing stock was fan milk and was followed by
society general and mtn ghana however the worst performing stock was cocoa processing company
which is selling at a low price per share on the continent the worst performing market is the
nigerian stock exchange with an annual return of negative seven point sixty percent nigeria
nigerian resident doctors call off two-month strike doctors in nigeria's government hospitals
have suspended a two-month strike for payment or salaries owed to many and improved working
conditions the residents doctors the mainstay of healthcare government hospitals throughout
the west african country say they will resume work wednesday after they achieved some positive
results in talks with the government although members owed salaries arrays are beginning to
get paid but some key demands that led to the strike have still not been addressed said ishea
the outstanding demands include salary shortfalls and arrears some owed for more than a year failure
to increase the 5000 naira monthly health hazard allowance last reviewed in 1991 and failure of
some states to implement the monthly national minimum wage of 30 000 naira for resident doctors
mozambique mozambique president calls on insurgents to surrender after key militant
is killed mozambique's president felipe nusi urged islamic militants in its far north to
surrender on monday saying they had nowhere to run after allied rwanda mozambican and south african
forces pushed them out of territory they had been occupied president philippe's comments
to mark peace and national reconciliation day came a day after regional south african forces
say that killed a senior islamist militant leader along with 18 other fighters in an
offensive on september 25th a number of areas previously held by militants have been cleared
including the town of mossimboy de priya more than a year after insurgents first seized it
insurgent bases have also been destroyed according to security forces while president felipe said it
was likely the leaders of the insurgency had fled possibly even abroad there was concern
for those lower down the chain especially if they had been forced to join their ranks
east africa south sudan and uganda abolish visas between the two ugandans traveling to
its neighbors south sudan no longer require visas to enter the country the move reciprocates one
taken by uganda in september to scrap visa entry requirements for south sudanese that came into
effect on friday south sudan's deputy foreign minister deng du deng confirmed the development
and said his country's decision is in line with the requirements of the east african community
south sudan is the east african community's newest member and its founding treaty provides for free
movement of people and labor within the community uganda kenya tanzania rwanda and burundi are the
other member states south sudan joined the east african community in 2016 but has been slow in
adopting some of the protocols including the one establishing a common market in july south
sudan and kenya also scrapped visas for their nationals traveling between the two countries
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