Africa Business

Horst Koehler, German ex-president and IMF chief, dead at 81

Germany’s former president Horst Koehler, who also once headed the International Monetary Fund and was a strong backer of Africa, died Saturday aged 81 after a brief illness.Koehler, head of state from 2004 to 2010, passed away in Berlin in the early hours, surrounded by his family, the Germany presidency announced.President Frank-Walter Steinmeier led tributes …

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Military trial of Uganda opposition leader to continue despite court ruling

Uganda’s president condemned on Saturday a Supreme Court ruling that civilians cannot be tried in military court, while the army said it would continue court martialling ex-presidential candidate Kizza Besigye.Besigye was once President Yoweri Museveni’s trusted personal doctor but has become a government target since joining the opposition 25 years ago and unsuccessfully running for …

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Swiss court convicts Trafigura of corruption in Angola

A Swiss court convicted Trafigura and three people linked to the commodities trading firm of corruption in Angola, in what campaigners hailed Friday as a “historic” first in Switzerland.A Trafigura statement expressed disappointment at the ruling and said it was reviewing judgment. The lawyer for one former director with the company said he would appeal …

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Rwanda-backed M23 advances in DRC as volunteers rally to fight back

After seizing the biggest city in eastern DR Congo, the Rwandan-backed armed group M23 was advancing south through a neighbouring province on Friday, as young men volunteered to fight against it alongside the struggling Congolese army.The group took Goma, the capital of North Kivu province, after intense fighting earlier this week and has vowed to …

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Centuries-old Algerian indigenous tradition champions sharing

In a village nestled in the mountains of northeastern Algeria, locals and visitors gathered under a cold winter sky to celebrate Tamechrit, a centuries-old Berber tradition rooted in sharing.Seeking to preserve a practice that faded during the Algerian civil war of the 1990s, villagers marked Tamechrit with Berber music and food on the occasion coinciding …

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