• The legacy of President Hage Geingob, a true African giant

    Friday, February 23, 2024

    By NJ Ayuk, Executive Chairman, African Energy Chamber On Monday morning, February 4, many of us woke to the news of the tragic passing of Namibian President Hage Geingob. The death of this great man and remarkable leader is a tremendous loss. The African Energy Chamber extends our deepest sympathies, both to President Geingob’s family […]

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  • Exploring diversity in innovation

    Wednesday, February 21, 2024

    Diversity in innovation is not just a catchphrase – it’s a catalyst for progress. Embracing diverse perspectives propels industries forward by fostering creativity and pushing boundaries. According to global consulting firm McKinsey & Company, companies in the top quartile for both gender and ethnic diversity among their executive teams demonstrate, on average, a 9% higher […]

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  • Africa dominates list of fastest-growing economies

    Sunday, February 18, 2024

    Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) of the continent released on Friday. Overall, real gross domestic product (GDP) growth for the continent is expected to average 3.8% and 4.2% in 2024 and 2025, respectively. […]

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  • Strategic partnerships to boost Africa’s mining sector

    Sunday, February 18, 2024

    Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has announced several strategic partnerships on the sidelines of the recently concluded 2024 Mining Indaba conference in Cape Town, South Africa to boost Africa’s mining sector, ushering the continent into a new era of growth and prosperity. Since 2014, AFC has invested over US$1billion […]

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  • Sierra Leone to promote oil potentials at energy forum

    Saturday, February 17, 2024

    Foday B. L. Mansaray, Director General of the Petroleum Directorate of Sierra Leone (PDSL), will promote the country’s upstream opportunities and available blocks at the upcoming Invest in African Energy (IAE) forum in Paris, France on May 14-15. Though considered a frontier exploration market, Sierra Leone features a working petroleum system with four significant discoveries […]

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News

Dec
4

Weah wins international peace award

The International Association of World Peace Advocates (IAWPA) through the office of its International Director, African Affairs, His Eminence, Amb. Dr. John Metchie, yesterday, announced Liberian President, George Opong Weah, as the winner of this year’s International Peace Prize Medal Award 2023. The award is in total appreciation of the just-concluded presidential election in Liberia, […]

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Dec
3

$175m pledged for ‘green infrastructure’ in Africa

In a powerful signal of support during COP28, African and global institutions together with governments of Germany, France and Japan and philanthropies have pledged over $175 million to the Alliance for Green Infrastructure in Africa (AGIA). The landmark initial pledge will help to rapidly scale up financing for transformative climate-aligned infrastructure projects across the continent. The […]

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Dec
1

How can Africa finance the energy transition?

By NJ Ayuk, Executive Chairman, African Energy Chamber From an African perspective, one of the most important things to come out of COP15, the 2009 United Nations Climate Change Conference in Copenhagen, was the formal recognition of the fact that lower-income countries were not in a position to bear as much of the cost of […]

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Nov
29

COP 28: Africa urges spotlight on climate finance

 The African Development Bank (AfDB) will mobilize financing for climate action at this year’s UN Climate Change Conference, COP28, and amplify Africa’s calls for robust commitments by wealthy countries to meet the continent’s urgent needs in addressing climate change. The bank group, led by its President, Dr Akinwumi Adesina, will launch and cement several climate […]

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Nov
26

Africa’s Business Heroes Prize announces winners

The Africa’s Business Heroes (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has named the winners of this year’s competition. The announcement took place during an AR-enabled Grand Finale held in Kigali, Rwanda, which also captivated a global audience through a live broadcast. The top three Africa’s Business […]

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Nov
23

African economies face gaps in macroeconomic modeling

African countries still face significant capacity gaps in macroeconomic modeling, despite the huge strides they have made in terms of forecasting, analysis, and effective policy management, a new African Development Bank Group study has found. The report, Benchmark Macroeconomic Models for Effective Policy Management in Africa, was launched in the Ethiopian capital Addis Ababa by the Bank […]

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Nov
21

Sweden scales up support to civilians in Sudan

Through the Swedish International Development Cooperation Agency (Sida), Sweden is providing an additional SEK 149 million to the civilian population in Sudan. This support will help meet growing humanitarian needs resulting from the armed conflict that broke out in April this year. Parts of the support will also go towards food security and protection of […]

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Nov
19

A delicate balance of Liberian political ballet

By Alexander Redd, Th.D The recent presidential runoff race between the incumbent President George M. Weah and formidable contender Joseph N. Boakai has indelibly influenced the nation’s political fabric and psyche. The presidential race was full of strategic tactics, betrayals and a touch of dishonesty, creating uncertainty around the country’s future. However, the peaceful environment […]

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Nov
17

Africa: Political will needed to industrialize

African countries need to show stronger political will to advance industrialization, including the adoption of new policies to promote improved productivity and harness the potential of a growing youth population, delegates attending the 2023 African Economic Conference heard. The three-day conference opened in the Ethiopian capital, Addis Ababa, on Wednesday under the theme “Imperatives for […]

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Nov
15

Sweden re-introduces internal border control

Sweden has re-introduced border control at its internal borders from November 12 to May 11 next year. The decision is based on the Swedish Government’s assessment that there is a serious threat to public order and internal security. Sweden is facing a deteriorating security situation with several simultaneous threats to internal security. In August 2023, […]

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