Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed at preventing money laundering and the financing of terrorism by not carrying

South African President Cyril Ramaphosa on Monday dismissed allegations of China practising colonialism in Africa, saying China instead has been a partner in boosting social and economic development on the continent. Ramaphosa made the remarks in a speech delivered at the opening ceremony of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC)

Chinese President Xi Jinping on Monday pledged $60 billion in financing for projects in Africa in the form of assistance, investment and loans, as China furthers efforts to link the continent’s economic prospects to its own. Speaking to a gathering of African leaders in Beijing, Xi said the figure includes $15 billion in grants, interest-free

Beijing-Chinese President Xi Jinping said on Monday that China is willing to cooperate with Africa to forge closer business ties, noting that China welcomes African entrepreneurs who want to come to China to do business and that Beijing also encourages Chinese businessmen to invest in Africa. Xi made the remarks in a speech at the

Beijing-The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed, and the Prime Minister of Ethiopia, Dr Abiy Ahmed. President Mohamed and Prime Minister Abiy Ahmed discussed the importance of the China-Africa Cooperation Forum in the region and how the countries of the Horn of Africa will benefit from the current investment opportunities.

Addis Ababa-Somalia and Ethiopia formed, for the first time, a Joint Committee in cooperation to establish a long-term cooperative relationship based on mutual respect and good-neighborliness, as well as the preservation and respect of the sovereignty and unity of both countries. The two sides have talked about issues that cooperate in the second cooperation in

Senior Communist Party of China (CPC) official Zhao Leji Friday met with Somali President Mohamed Abdullahi Mohamed who will attend the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC). China has always been committed to its friendly policy toward Somalia and firmly supported Somalia’s peace process, said Zhao, a member of the Standing

Beijing, August 31st, 2018: The President of the Federal Republic of Somalia, HE Mohamed Abdullahi Mohamed held talks with Chinese President Xi Jinping. These talks are an introduction to the China-Africa Cooperation Forum. President Mohamed congratulated President Xi Jinping on the reforms he made in his country’s policies to bring China’s development to a wider

In the furtherance of the fight against terrorism, Mrs May said Kenyan and British soldiers will now train jointly, with the UK PM expected to witness a joint training session in Laikipia after the briefing. The training session will be on handling improvised devices, most of which are now being used by terrorists in the

Emboldened by a new peace deal, civil war-torn South Sudan says it will resume oil production in a key region next month to make up for more than $4 billion of revenue lost during years of fighting. South Sudan, with Africa’s third-largest oil reserves, will renew drilling in northern Unity State for the first time