Africa 

African development experts optimistic despite gloomy global economic outlook

As the global financial outlook continues to look dimmer with a prolonged war in Ukraine, many African countries are bracing themselves to ride out the storm. The African Development Bank annual meeting happening in Ghana’s capital Accra, gave the opportunity for leaders to discuss the challenges that pandemic-induced losses in revenue have had on infrastructure. Ramping up climate finance was… Read More
Africa 

Thousands flee as conflict between Congolese army and M23 rebels continues

Thousands of people have fled as fighting between the Congolese army (FARDC) and M23 rebels continued in the territory of Nyiragongo, near Goma, the capital of North Kivu. Emptying their homes they have taken off in the direction of Rugari in the north, or to Kibati, south of Goma. On Sunday the United Nations denounced a ‘deliberate’ M23 attack on… Read More
Africa 

Egyptian tycoon gets 3 years in prison for “sexual assault”

A prominent Egyptian businessman has been sentenced to three years in prison for “human trafficking” and “sexual assault” on seven minors at an orphanage he opened south of Cairo. Mohammed el-Amin, a media and real estate tycoon was remanded in custody on 8 January on charges of “sexual assault on children with the use of force”. He will also have… Read More
Africa Investments 

Maroc : la Banque africaine de développement apporte 57 millions d’euros de financement additionnel pour la réalisation du complexe portuaire Nador…

Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé à Abidjan, un financement additionnel de 57 millions d’euros en faveur du Maroc pour contribuer au financement de la construction, en cours, du complexe portuaire de Nador West Med. Ce financement complète un premier de près de 113 millions d’euros, octroyé par la Banque en 2015. Le… Read More
Africa 

South Sudan clashes: UN calls for accountability of perpetrators

Silence has engulfed thousands of homes burnt down in different locations across the southern part of South Sudan’s Unity State. A February and April attack saw about 40,000 locals flee for their lives. The UN Mission in the country called for healing and reconciliation as displaced residents fight to survive. “**Many other people were killed in the village, and all… Read More
Africa 

South Africa’s Ramaphosa discusses developments in Africa during a visit from Germany’s Scholz

South Africa’s neutral stance on Russia’s war in Ukraine will be a major topic of conversation during a meeting between German Chancellor Olaf Scholz and South African President Cyril Ramaphosa. Speaking to media in Pretoria, ahead of their private meeting on Tuesday, the two leaders said they would also consider developments on the African continent. Scholz’s visit comes as the… Read More
Africa Business Development Featured World 

The anatomy of investing for sustainable development in Africa

– – As economies across Africa look to recover from the economic devastation wrought by COVID-19 and the global supply chain issues that followed it, investment will be more important than ever. But it’s also becoming increasingly obvious that if the continent is to achieve its true potential, a different kind of investment strategy is needed. In addition to health… Read More
Africa World 

COVAX surpasses 1.5 billion COVID-19 vaccine deliveries

– – COVAX, the international coalition that is responsible for making Covid-19 vaccines accessible to countries around the world has surpassed the milestone of 1.5 billion deliveries. It has said that the COVID-19 vaccines delivered around the world had reached 1.5 billion, following a shipment of 2.26 million doses of the Johnson & Johnson vaccine to Tanzania. A little over… Read More
Africa Business Featured Tourism World 

Travel & Tourism in Africa to create 14 million new jobs in 10 years

– – The World Travel & Tourism Council’s latest Economic Impact Report (EIR) has revealed that the African Travel & Tourism sector is expected to create almost 14 million new jobs over the next decade. The positive forecast from the World Travel & Tourism Council (WTTC), which shows an average of 1.4 million new jobs every year, also reveals the… Read More
Africa Investments 

2022 Annual Meetings: President Akinwumi Adesina outlines the African Development Bank’s plan to feed the continent

African Development Bank Group President Dr. Akinwumi Adesina on Monday outlined the Bank’s plans to address the looming food crisis threatening Africa as a result of the war between Ukraine and Russia. “I’m optimistic. Africa will not experience a food crisis. We have the means to overcome this challenge!” Adesina said. He was briefing journalists from 41 countries in Africa… Read More
Social media & sharing icons powered by UltimatelySocial