Johannesburg, South Africa – Daniel Chapo was officially inaugurated as the President of the Republic of Mozambique on Wednesday, marking the beginning of a new chapter in the nation’s history. During a formal ceremony, the newly elected Head of State received the five symbols of power from the Constitutional Council. Among them, the Constitution of
Maputo, Mozambique – Venâncio Mondlane’s political trajectory since the electoral period has been marked by controversy and what can be described as an amateurish approach to public engagement. His apparent preference for theatrics over substantive dialogue has often overshadowed any potential he may have had as a serious political figure in Mozambique. AfricaHeadline Reports
Johannesburg, South Africa – Angola is set to allocate 66.4% of its fiscal revenue to debt repayment in 2024, the highest percentage among 84 countries analysed in a report by Debt Justice. This marks an increase from 64.7% in 2023, reflecting the country’s growing financial obligations. AfricaHeadline Reports Team editorial@africaheadline.com Debt repayments are
Luanda, Angola – Angola’s state-owned oil company, Sonangol, has unveiled ambitious plans to significantly increase its crude oil production and sales by 2025. With a series of major projects underway, the company aims to enhance its contribution to the nation’s economy while positioning itself as a key player in the global energy market. AfricaHeadline
Ouagadougou, Burkina Faso – In a powerful speech that struck a chord with the citizens of Burkina Faso, President Ibrahim Traoré underscored the urgent need for a mental transformation to secure a truly independent and prosperous future for the nation. He emphasised that the current struggle extends beyond physical or military battles, urging the population
Lagos, Nigeria – France has officially handed over its second military base in Chad, located in Abéché, the country’s fourth-largest city, as part of a phased withdrawal of French troops. During a formal ceremony, Chad’s Minister of Armed Forces, General Issakha Maloua Djamous, emphasised the significance of national sovereignty, stating that “the integrity of a
Johannesburg, South Africa – Mozambique is experiencing one of its worst political and social crises in recent years, marked by violent protests and allegations of electoral fraud. The unrest began after Daniel Chapo of the ruling FRELIMO party was declared the winner of the December 3, 2024, presidential election with 56% of the vote. Venâncio
Johannesburg, South Africa – The Banco de Poupança e Crédito (BPC), Angola’s largest state-owned financial institution, is working to consolidate its position in the market with recovery and growth initiatives. Despite grappling with challenges such as a high rate of non-performing loans (NPLs) and the need for structural reforms, the bank has outlined a strategy
Lagos, Nigeria – First Bank of Nigeria Limited (FirstBank), one of Nigeria’s oldest and most prominent financial institutions, has announced plans to expand its operations into Ethiopia, Angola, and Cameroon. This strategic initiative comes as the bank seeks to leverage emerging opportunities in Africa’s evolving financial landscape. AfricaHeadline Reports Team editorial@africaheadline.com To finance
Lagos, Nigeria – Prominent Nigerian politicians have declared Mozambican politician Venâncio Mondlane persona non grata, accusing him of playing a key role in a political crisis in Mozambique that has claimed over 200 lives. The formal declaration, signed by leaders of parties including the Congress for Democracy and Progress (CDP) and the National Democratic Alliance
