Africa 

Ghana’s finance minister ‘truly sorry’ for economic crisis, fends off criticism

Ghana’s finance minister said on Friday that he was “truly sorry” for the country’s economic hardship but defended himself against accusations that he is unfit for the job. Kenneth Ofori-Atta faced an inquiry from lawmakers for his financial management, as the government came under increasing pressure and President Nana Akufo-Addo faced growing criticism for what has become Ghana’s worst economic… Read More
Africa Investments 

Opinion: Time to empower regional development banks for SDG financing

Russia’s war in Ukraine is raising the cost of tackling climate change, inequality, and other big development goals. While focusing on economic development support for low- and middle-income countries, big global players in development finance such as the International Monetary Fund and the World Bank have so far not been able to tackle the climate crisis and social inequality with the agility… Read More
Africa Investments 

For Africa to prosper, Africans need to be able to move

By Ciku Kimeria In 1960, the Ethiopian runner Abebe Bikila made history in Rome as the first athlete from sub-Saharan Africa to win an Olympic gold, even as he broke the marathon world record. All this was made more remarkable by the fact that he ran completely barefoot. Akinwumi Adesina, the president of the African Development Bank (AfDB), recounted this… Read More
Africa 

COP27 climate talks extended to Saturday

The UN climate conference, whose negotiations are stalling over funding for poor countries, will be extended until Saturday, its Egyptian president Sameh Shukri said Friday. “I am determined to finish this conference tomorrow,” Choukri said on Saturday, calling on parties to “move up a gear” in the negotiations, originally scheduled to end on Friday. “I am still concerned about the… Read More
Africa 

Meet the women referees at Qatar World Cup

The approaching men’s World Cup will be the first to feature female referees, with three women set to make history in Qatar while hoping that the focus remains on their job rather than their gender. France’s Stephanie Frappart, Rwanda’s Salima Mukansanga and Japan’s Yoshimi Yamashita were included in the list of 36 referees selected by FIFA, while three more women… Read More
Africa Investments 

Africa Development Bank and African Union Commission sign $9.73 million grant agreement to drive digital market development in Africa

The African Union Commission (AUC) and the African Development Bank have signed a grant agreement to implement Phase 1 of the Upstream Project for Digital Market Development in Africa. The signing ceremony took place on November 17 at AUC Headquarters in Addis Ababa, Ethiopia. The AUC Commissioner for Economic Development, Trade, Tourism, Industry and Minerals, Ambassador Albert M. Muchanga, and… Read More
Africa Investments 

On Global Women’s Entrepreneurship Day, Lionesses of Africa’s Business Confidence Report celebrates African women entrepreneurs’ optimism about…

Women entrepreneurs in Africa are expressing widespread optimism and continuing resilience despite the prevailing economic climate, according to the 2022 Lionesses Business Confidence Report and Index launched on Global Women’s Entrepreneurship Day. The report, prepared by Lionesses of Africa Public Benefit Corporation and New York University finds that ninety three percent of women entrepreneurs anticipate their companies will be better… Read More
Africa 

At UN General Assembly, Africa renews call for Security Council seat

The United Nations General Assembly discussed the ongoing effort to reform the U.N.’s most powerful organ, the Security Council. Debate centered on the discussion of expanding the number of member states in the council, the use of vetoes by permanent members and the efforts to transform the council to be more inclusive, with stronger representation from Africa and small states.… Read More
Africa 

Soil, a little-known carbon sink, is a diminishing resource in Kenya

Soil is a diminishing resource, the more we abuse it the more we lose it when it plays a major role in CO2 sequestration. Climate change, drought, illegal logging, aggressive agricultural practices, and the over grazing of cattle is causing soil to erode at an alarming rate, creating a vicious cycle. The worst drought in over 40 years, along with… Read More
Africa East Africa World 

The world’s oldest pupil dies in Kenya

– – The world oldest pupil has died in Kenya. Priscilla Sitienei died peacefully at home at the age of 100, her family said. “Gogo”, which means grandmother in the local Kalenjin language, was what Ms Sitienei was affectionately called by many. Her grandson Sammy Chepsiror, told Kenya’s The Standard newspaper “She died peacefully in the presence of some family… Read More
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