African Continental Brief: Developments in Business, Policy, and Society: July 9, 2025

Business & Macroeconomy Climate & Energy Geopolitics & Policy Tech, Deals & Development Regional Focus: Gulf and Turkish Influence in East Africa East Africa has seen over $75 billion in investment from Gulf States and Turkey, targeting infrastructure, ports, security, and energy. This engagement reflects a mix of strategic rivalries and economic interests, especially visible […]

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U.S. Treasury Aims for $500 Billion Cash Reserve by End of July as Tariff Revenue Surges

📍 Washington, D.C. — July 9, 2025The U.S. Treasury Department has announced plans to rebuild its cash balance to $500 billion by the end of July, citing strong tariff revenue and increased short-term debt issuance as key drivers. The move follows the passage of President Donald Trump’s $5 trillion tax and spending bill, which included […]

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Plan for stronger EU chemical industry

  The Commission has presented an action plan for the chemicals industry to strengthen the competitiveness and modernisation of this sector. The action plan addresses key challenges – high energy costs, unfair global competition, and weak demand, while promoting investment in innovation and sustainability. It proposes the following measures Resilience and level playing field: establishing a […]

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Two Men Indicted in Maryland for Multi-State Stolen Vehicle Scheme Involving Altered VINs

📍 Greenbelt, Maryland — July 2, 2025Federal prosecutors have unsealed a 22-count indictment charging Charles Edwards Madden, 39, of New Carrollton, Maryland, and Michael R. Bourne, 33, of New York, with orchestrating a multi-year conspiracy involving the sale and trafficking of stolen vehicles with altered vehicle identification numbers (VINs). 🔍 Charges Filed The indictment includes: […]

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Pope Leo Offers Condolences Following Deadly Texas Floods

📍 Vatican City, July 6, 2025 — Pope Leo XIV has expressed heartfelt condolences to the victims of catastrophic flash floods in Texas, which have claimed the lives of at least 50 people, with nearly 30 still missing, many of them children attending a summer camp along the Guadalupe River. Speaking in English during his […]

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China Expands Visa-Free Access to 74 Countries to Boost Tourism and Economy

July 9, 2025 – Beijing – China has expanded its visa-free entry policy to a record 74 countries, allowing eligible foreign nationals to visit for up to 30 days without a visa. The move marks a significant relaxation of border controls as Beijing seeks to revitalize its tourism industry and support economic growth. The expanded […]

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EBRD Extends €400 Million Loan to Moldova to Strengthen Energy Security

📍 Chisinau, July 8, 2025 — The European Bank for Reconstruction and Development (EBRD) has approved a €400 million financing package for Moldova’s state-owned energy trader JSC Energocom, aimed at bolstering the country’s energy security through strategic purchases of gas and electricity on European markets. 🔋 Loan Structure and Purpose The funds will enable Energocom […]

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Six Dead, Dozens Injured as M5.7 Earthquake Devastates Southern Guatemala

📍 Guatemala City — July 9, 2025A powerful magnitude 5.7 earthquake struck southern Guatemala on July 8 at 15:41 local time, causing at least six fatalities, multiple injuries, and widespread structural damage across several departments. The quake, registered at a shallow depth of 10 km, was centered near San Vicente Pacaya, close to the towns […]

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D.C. Man Sentenced to Nine Years for Armed Robberies Targeting South Asian Jewelers

📍 Washington, D.C. — July 2, 2025Robert Sheffield, 34, of Washington, D.C., has been sentenced to 108 months in federal prison for his role in a violent multi-state robbery ring that targeted South Asian-owned jewelry stores. The crew, comprising 15 members and allegedly led by rapper Trevor Wright, known as Taliban Glizzy, stole millions in […]

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🕵️‍♂️ Ghanaian National Extradited to U.S. Over Elderly Romance and Inheritance Fraud Scheme

Tucson, Arizona – 5 July 2025 – Ghanaian citizen Joseph Kwadwo Badu Boateng, also known as “Dada Joe Remix”, has been extradited to the United States to face federal charges in connection with a decade-long fraud scheme targeting elderly victims through fabricated romantic relationships and false inheritance claims. 📦 Charges and Allegations Boateng was indicted […]

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