April 2024 FIRE Portfolio Update: Finally a Pullback!

Barcelona will feature "DR Congo - Heart of Africa" on their training shirts from next season, following a four-year partnership with the Democratic Republic of Congo valued at €44 million. While the government defends the deal as a means to promote tourism and sports, critics raise concerns about prioritizing national football league funding amidst ongoing human rights issues and conflict in the region. Want More Context? 🔎

A storm is brewing in Kenya over proposed alcohol regulations from Nacada, which include raising the minimum drinking age from 18 to 21, banning sales in supermarkets and restaurants, and outlawing online purchases and celebrity endorsements. Critics, including industry representatives, argue these measures could harm the economy and lead to job losses, while authorities claim they are necessary to combat youth substance abuse. Want More Context? 🔎

Nigerian President Bola Tinubu celebrated the Super Falcons' victory at the Women's Africa Cup of Nations, pledging $100,000 and a three-bedroom apartment for each player, while conferring national honors. Despite past issues with delayed rewards, he emphasized future commitments to timely payments and support for women's football, as the team aims to be the best in the world. Want More Context? 🔎

Tanzania has prohibited foreign nationals from owning small-scale businesses across 15 sectors, including mobile money and beauty salons, aiming to protect local traders amid concerns over foreign encroachment. This decision has sparked backlash from Kenya, which argues it violates East African Community agreements, potentially harming both economies and prompting fears of reciprocal restrictions. Want More Context? 🔎

Protests in Angola against a fuel price hike have resulted in at least 22 deaths and 200 injuries, with over 1,200 arrests as unrest spreads across major cities. The situation has escalated from a taxi driver strike, leading to widespread looting and calls for accountability amidst claims of government disconnection from citizens' realities. Want More Context? 🔎

Thirteen children died from severe food shortages at Lagawa displacement camp in East Darfur, Sudan, amidst a humanitarian crisis exacerbated by a civil war now in its third year. The Sudan Doctors Network has urged immediate international aid for food and healthcare, while rising cholera cases further threaten the health of the camp's 7,000 residents. Want More Context? 🔎