• 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 […]

    Read More
  • 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 […]

    Read More
  • 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 […]

    Read More
  • 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 […]

    Read More
  • 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. […]

    Read More

News

Jun
1

Africa: A global leader in digital transformation

Africa’s rising status as a global leader in digital transformation was firmly cemented during day one of the inaugural GITEX Africa 2023 as tech leaders from across the continent and the world gathered to collaborate and pledge their commitments to accelerating cross-continent investment opportunities.   GITEX Africa, which runs until Friday in Marrakech, Morocco, welcomed thousands […]

Read More
May
27

Adesina: Use resources on Africa’s young people

Delegates attending the 2023 African Development Bank Group’s  Annual Meetings in Sharm El Sheikh, Egypt, celebrated Africa Day on Thursday amid hopes for better prospects for the continent and its youth. The commemoration, which marks the 60th anniversary of the establishment of the African Union, allowed for retrospection by member countries on how the continent can […]

Read More
May
22

De Vries wins BCA book award

The Business Council of Africa (BCA) recently concluded its highly anticipated inaugural ceremony of the BCA African Business Book of the Year Awards, honoring exceptional contributions to business literature in Africa. The event which took place on May 19 brought together authors, industry leaders, Africa watchers and literary enthusiasts to celebrate the winners of this […]

Read More
May
18

African basketball league enters playoffs

The 2023 Basketball Africa League (BAL) Playoffs will tip off on Saturday, May 20 at BK Arena in Kigali, Rwanda and will culminate with the third BAL Finals on Saturday, May 27.  The top eight teams from the league’s Sahara and Nile Conference group phases in Dakar, Senegal and Cairo, Egypt, respectively, will compete in […]

Read More
May
14

African women must play a larger role in peace building

Women’s proven role in conflict resolution makes the unique position of First Ladies even more important as agents for resolving conflicts in Africa. “Men make wars, women make peace. Women must therefore be included in peace making, peace building, conflict resolution, and reconstruction efforts,” African Development Bank (AfDB) president told guests at the inauguration of […]

Read More
May
10

Zimbabwe hosts Transform Africa Summit

The 6th edition of the Transform Africa Summit held in Victoria Falls, Zimbabwe has come to an end. Notable among the things that transpired during the summit is new memberships in the Smart Africa Alliance, namely The Kingdom of Eswatini which became the 37th member state of the alliance which celebrated its 10th anniversary this year. The Republics […]

Read More
May
4

Rajoelina wins 2023 Babacar Ndiaye Super Prize

The Africa Road Builders Selection Committee has named Madagascar’s President Andry Rajoelina, the winner of the prestigious Babacar Ndiaye Trophy, for his commitment to infrastructure development in the island state. He succeeds Tanzanian President Samia Suluhu, who won the award in 2022. According to a press release by the committee, members chose President Rajoelina at […]

Read More
Apr
30

African, Asian development banks exchange views

In the last week of March, the African Development Bank (AfDB) hosted a team from the Asian Development Bank (ADB) to exchange views on operational policies. The visiting team met with various AfDB teams, including the policy and strategy department, business transformation and business process re-engineering, corporate performance and accountability, management operations and programming and budget department. […]

Read More
Apr
25

Africa: Natural capital must finance development

Africa must use all its comparative advantages to mobilize the resources it needs to finance its sustainable development ambitions. Since 2010, official development assistance has declined, falling to its lowest level of $34 billion in 2022, according to Organisation for Economic Co-operation and Development (OECD) estimates. Access to international capital markets remains constrained and costly […]

Read More
Apr
24

Basketball Africa League continues in Egypt

Basketball Africa League (BAL) today announced the rosters of the six teams that will compete in the league’s Nile Conference group phase from April 26 – May 6 at Hassan Mostafa Indoor Sports Complex in Cairo, Egypt.    The six teams are Al Ahly (Egypt), Cape Town Tigers (South Africa), City Oilers (Uganda), Club Atlético […]

Read More