• Reshaping Africa’s economic narrative

    Wednesday, February 5, 2025

    The Global Africa Business Initiative (GABI) issued its Unstoppable Africa 2024 Executive Summary today, shedding light on transformative strategies and solutions to reshape Africa’s financial narrative and accelerate economic growth. The report highlights GABI’s call for the development of an inclusive financing model to address Africa’s unique challenges, focusing on concessional financing, attracting private sector […]

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  • African leaders to advance clean cooking solutions

    Sunday, February 2, 2025

    African countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking which kills roughly 600,000 women and children annually across the continent. In energy compacts signed during the Mission 300 Africa Energy Summit, held in Tanzania 27-28 January, 12 African countries signaled their intent to  […]

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  • African Mining Week 2025 to Showcase Projects

    Monday, January 27, 2025

    African Mining Week (AMW) 2025, taking place in Cape Town, South Africa, from October 1-3, will center on the theme, From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth.  The event will highlight initiatives aimed at enhancing Africa’s mineral value chains and promoting local processing to drive economic growth. Research indicates that Africa could generate up to […]

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  • Former Liberian rebel guilty of US immigration fraud

    Monday, January 20, 2025

    Laye Sekou Camara, alleged high-ranking member of the LURD (Liberians United for Reconciliation and Democracy), who was due to stand trial for immigration fraud in Philadelphia beginning on Tuesday, January 21 pleaded guilty on Thursday, January 16 to all four counts of immigration fraud.  Camara is due to be sentenced on May 19 and remains […]

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  • Africa: Renewable energy platform for clean access

    Saturday, January 18, 2025

    PowerGen Renewable Energy (PowerGen) has partnered with leading international investors to establish a scalable, distributed renewable energy platform targeting the deployment of 120 MW of renewable power, including battery energy storage solutions across Africa. The platform is a collaboration between PowerGen and the Private Infrastructure Development Group (PIDG), the Danish Investment Fund for Developing Countries […]

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News

Dec
18

ICC transfers Ugandan war criminal to Norway

Convicted Ugandan war criminal Dominic Ongwen was transferred to a prison facility in Norway on Monday to serve his 25-year prison sentence. Mr Ongwen is the fifth person transferred by the International Criminal Court (ICC) to a state that has indicated its willingness to accept sentenced persons. On November 9 the presidency of the ICC […]

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Dec
14

Global tourism rebounds to pre-Covid levels

International tourism is on track to recover almost 90% of pre-pandemic levels by the end of this year. According to the latest data from the World Tourism Organization (UNWTO), an estimated 975 million tourists traveled internationally between January and September 2023, an increase of 38% on the same months of 2022. The newest UNWTO World […]

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Dec
12

Highlights from IAE Forum in Paris

The first edition of Invest in African Energy (IAE) in Paris, organized last June, successfully catalyzed European interest in Africa’s burgeoning energy sector. The forum united thought leaders, government officials, key stakeholders and industry representatives from both continents and came on the heels of three European receptions that took place in London, Oslo and Frankfurt. […]

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Dec
7

Africa could lose $25 billion per year

African Development Bank Group President Dr Akinwumi Adesina has warned that a new EU carbon border tax could significantly constrain Africa’s trade and industrialization progress by penalizing value-added exports including steel, cement, iron, aluminium and fertilizers. Adesina said, “With Africa’s energy deficit and reliance mainly on fossil fuels, especially diesel, the implication is that Africa will […]

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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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