• World’s top arms producers see revenues rise

    Monday, December 2, 2024

    Revenues from sales of arms and military services by the 100 largest companies in the industry reached $632 billion in 2023, a real-terms increase of 4.2 per cent compared with 2022, according to new data released today by the Stockholm International Peace Research Institute (SIPRI). Arms revenue increases were seen in all regions, with particularly […]

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  • Africa discusses growth, trade and investment

    Wednesday, November 27, 2024

    Over 250 Sub-Sovereign government leaders from across Africa met in Kisumu, Kenya, for the the fourth edition of the African Sub-Sovereign Governments Network (AfSNET) Conference. Taking place between the 25th and 27th of November, the event provided a platform for Sub-Sovereign leaders and businesses to discuss how their local governments can attract investments in the region in […]

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  • West African summit calls for regional collaboration

    Saturday, November 23, 2024

    The 2024 West Africa Deal Summit (WADS) concluded on Wednesday, with a call for more regional collaboration to mobilize catalytic capital to address West Africa’s unique socioeconomic challenges. The two-day event attended by over 400 investors, entrepreneurs, government representatives, and thought leaders, focused on building innovative financing mechanisms.  The summit themed “Actions to Deepen Catalytic […]

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  • Africa: True cost of fake electrical goods trade

    Wednesday, November 20, 2024

    Financial pressures in South Africa and across Africa have led to a surge in demand for cheaper products, creating a lucrative market for counterfeiters. This has even extended to electrical goods which have infiltrated between 40% to 80% of markets on the continent, posing a potentially lethal risk to millions of consumers. At best, they […]

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  • Facilitating Japanese investment in Africa

    Sunday, November 17, 2024

    With a mission to scale investment in Africa, a new collaboration between Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, and the Japan Institute for Overseas Investment (JOI), established by the initiative of the Japan Bank for International Cooperation (JBIC), is set to embark on a series of initiatives to facilitate capital flows. […]

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News

Sep
18

Egypt’s Al Ahly represents Africa in FIBA Cup

2023 Basketball Africa League (BAL) champion Al Ahly of Egypt will participate in the 2023 FIBA Intercontinental Cup (ICC) at Singapore Indoor Stadium in Singapore from Sept. 21-24. Al Ahly will compete in Group A alongside Brazil’s Sesi Franca (BCLA champion) and NBA G League Ignite (NBA G League).   Group B consists of China’s Zhejiang Golden […]

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Sep
17

Liberia: Diaspora group to light up Bong Mines hospital

A contract worth more than $60, 000.00 to purchase and install a 24-kilowatt solar system for the Bong Mines Hospital was signed last month in Monrovia, the Liberian capital. The agreement to re-electrify the hospital, located in Bong County, central Liberia, was reached between the Association of Bong Miners (ABM) and Solar Technology Liberia. Henry J. Carr, […]

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Sep
15

Nigeria: Dambe warriors energize an ancient sport

The Africa Fighters League (AFL) is set to energize the ancient martial art of Dambe through the inception of Dambe Warriors League (DWL) in Nigeria, a groundbreaking collaboration intended to showcase the sport within the country and beyond. Following their purchase of a majority stake in Lost Child Media, a Dambe sports promotion company founded […]

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Sep
14

Korea, Africa pool resources for energy access

The 7th Korea-Africa Economic Cooperation (KOAFEC) Ministerial Conference opened in Korea’s second-largest city, Busan, on Wednesday with a strong call for additional resources to help African countries achieve universal access to energy and transform the continent into the breadbasket of the world. The conference is taking place at a time when Africa is facing a plethora […]

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Sep
13

Major African event slated for New York

The Global Africa Business Initiative (GABI), the leading platform for promoting business, trade, and investment across the continent, is pleased to announce the lineup for its flagship event ‘Unstoppable Africa’ on 21-22 September. The two-day event, to be co-convened by the African Union on the sidelines of the United Nations General Assembly in New York, […]

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Sep
6

$1 billion to Africa’s youths for climate finance

African Development Bank (AfDB) President Akinwumi Adesina has announced a new $1 billion fund to accelerate climate financing for Africa’s youth businesses. The additional financing will boost YouthAdapt, a joint initiative between the Bank and the Global Centre on Adaptation. It invites young entrepreneurs and micro, small, and medium enterprises in Africa to submit innovative […]

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Sep
2

UN: Financial support needed to save lives in Niger

The Regional United Nations (UN) agencies are concerned that millions of people are at severe risk unless humanitarian aid and increased funding support, is provided in Niger and Central Sahel. In Niger, over 3.3 million women, men, and children (13 per cent of the total population) are severely food insecure. Maternal mortality rates are high, […]

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Sep
2

African children bear brunt of climate change impacts

Children in Africa are among the most at risk from climate change impacts but are being woefully deprived of the financing necessary to help them adapt, survive and respond to the crisis, the UN Children’s Fund (UNICEF) said in a new report on Friday.  It was released as leaders prepare to meet for the African Climate […]

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Aug
28

Africa: Tech competition receiving applications

MEST Africa, in partnership with Absa Bank, has announced the opening of applications for the highly anticipated MEST Africa Challenge Startup Pitch Competition. Early-stage technology startups operational in Ghana, Nigeria, Senegal, Kenya, and South Africa are invited to participate in this prestigious competition to showcase their innovative businesses and entrepreneurial prowess. The application period begins […]

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Aug
23

Africa: Ministers pledge action on environment

The 19th ordinary session of the African Ministerial Conference on the Environment (AMCEN-19) concluded with a commitment to collective action and collaboration in addressing Africa’s environmental challenges. The conference, held from 14 to 18 August in the Ethiopian capital, Addis Ababa, brought together delegates from 51 African countries, as well as international partners and stakeholders, to strategize […]

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