It will be the second such exercise involving the three naval forces, the South African National Defence Force said. https://nilechronicles.com/sa-says-to-stage-joint-naval-drills-with-russia-china #NileChronicles #SouthAfrica #SouthAfrican

Kinshasa accused Rwanda of using refugees for political purposes on Wednesday, after its central African neighbour said it would no longer take in people fleeing violence in the Democratic Republic of Congo. https://nilechronicles.com/dr-congo-says-rwanda-using-refugees-for-political-purposes #NileChronicles #Rwanda #DRC #Congo

The clip circulating on social media depicts soldiers, including one sporting a South African uniform, hurling a corpse over a pile of burning rubble. https://nilechronicles.com/investigation-launched-after-video-of-troops-burning-bodies-in-mozambique #NileChronicles #SouthAfricans #SouthAfrican #Mozambique #Johannesburg

The Gambia government of the small West African country said on Wednesday it had thwarted a coup bid the previous day and some military personnel have been detained. https://nilechronicles.com/gambia-says-coup-bid-sought-hostages-army-restructure #NileChronicles #Gambia #coup #Banjul #AdamaBarrow #YahyaJammeh #Africa

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African Development Bank Supports Bank One With $40 Million Trade Finance Package As per the latest news, the African Development Bank is supporting the Bank One of Mauritius by granting a $40 million trade finance package to boost its capacity to provide trade finance facilities to SMEs, local corporates and other important areas in Mauritius and across Africa. The above-mentioned package consists of a $25 million risk participation agreement and a $15 million transaction guarantee as per the announcement. This transaction guarantee will enable the Bank to provide up to 100% guarantee to confirming banks for the risks of payment failure arising from the confirmation of trade finance service issued by Bank One. On the other hand, the risk participation arrangement will initiate up to 50% guarantee cover on a portfolio basis to boost the trade finance transactions started by issuing banks in area member nations. In short, this financial backing will help Bank One strengthen its capacity to cater to the trade finance requirements of key sectors. “Looking at the cross-sectoral practices of trade, the proposed funding, while utilizing Bank One’s footprints, is supposed to upgrade the African Advancement Bank's endeavours to coordinate Africa and enhance the quality of life of African residents,” stated the African Development Bank Head of Trade Finance Lamin Drammeh. Read more: https://www.emeriobanque.com/news/african-development-bank-supports-bank-one #tradefinanceservice #AfricanDevelopmentBank #transactionguarantee #tradefinanceinstruments #financialservices

The United States warned Tuesday that China & Russia were destabilising Africa with their growing inroads as it rolled out the red carpet to the continent's leaders & pledged billions of dollars in support. https://nilechronicles.com/rolling-red-carpet-to-africans-us-warns-of-destabilising-china-russia/ #NileChronicles #Russia #China #USA #JoeBiden

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Human capital development is an important factor of production which will enable Uganda compete in the Industrial sector https://nilechronicles.com/human-capital-development-is-an-important-factor-of-production-which-will-enable-uganda-compete-in-the-industrial-sector #NileChronicles #Uganda #African #Africa

Backed by Qatar's large Moroccan community at the Al Bayt Stadium, the Atlas Lions followed up north African rivals Tunisia's strong performance against dark horses Denmark a day earlier to frustrate Croatia. https://nilechronicles.com/solid-morocco-hold-modrics-croatia-at-world-cup #NileChronicles #WorldcupQatar2022 #Morroco #Croatia