• AfCFTA: Regional workshops for key stakeholders

    Wednesday, December 4, 2024

    The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, in collaboration with the United Nations Economic Commission for Africa, the Enhanced Integrated Framework (EIF) and governments of Benin, Burkina Faso, Guinea, Mauritania, Niger, Senegal, Togo, organized a series of workshops in the selected countries to promote and assess […]

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  • 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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News

Jun
20

US$2 billion to manufacture pharmaceutical products

African Export-Import Bank (Afreximbank) and the Africa Centers for Diseases Control and Prevention (Africa CDC) have renewed their partnership with a new cooperation agreement announced today on the sidelines of the Global Forum for Vaccine Sovereignty and Innovation in Paris, France. Through this collaboration, Afreximbank has committed a US$ 2 billion facility to the “Africa Health […]

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Jun
15

Africa: Debt managers initiative launched

The African Development Bank’s African Development Institute on Thursday launched the African Debt Managers Initiative Network (ADMIN), a new program to provide home-grown solutions to Africa’s debt challenges. The inauguration and first peer learning event took place in Addis Ababa under the theme: Developing and Deepening Domestic Debt Markets in Africa. African Development Bank Director Coulibaly […]

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Jun
10

African broadcasters meet in Botswana

The African Union of Broadcasting (AUB) will hold its 15th General Assembly from September 3 to 5 in Gaborone, capital of the Republic of Botswana, under the theme: “The future of African media facing the challenges of new technologies and changes climate”. This high-level meeting will bring together chief executives of the media and broadcasting industry, […]

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Jun
8

Ecobank launches fintech challenge

Ecobank, the pan-African financial services Group, has officially opened call for applications to the 7th edition of its Fintech Challenge. This annual competition invites early-stage and mature fintech startups to partner with Ecobank, offering a grand prize of US$50,000 and a chance to scale their solutions across Ecobank’s extensive network spanning 35 African countries. Despite […]

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Jun
4

Africa: Expanding access to education

Coursera, a leading online learning platform, has partnered with the African Leadership University (ALU), the institution dedicated to shaping Africa’s future leaders with ethics, entrepreneurship, and solutions for the continent’s challenges, to enable learners from across Africa to access world-class education and equip them with the necessary skills to thrive in a digital economy. Education […]

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Jun
1

Digital transformation: a top priority for banks

The African Banking Digital Transformation Report, a collaboration between pan-African publication African Banker and Backbase, creators of The Engagement Banking Platform, is a cornerstone in Africa’s financial news landscape, offering in-depth insight into the digital revolution being undertaken by the banking sector across the continent. A growing African population – forecast to be 2.49 billion by 2050 […]

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May
30

ECOWAS, TradeMark Africa to boost trade efficiency

The Economic Community of West African States (ECOWAS) and TradeMark Africa (TMA) today inked a strategic collaboration geared towards improving trade facilitation, opening transportation corridors, and promoting economic integration within West Africa. The collaborative agreement aims to enhance the use of digital technologies to improve trade efficiency, reduce trade barriers at border crossings, and foster […]

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May
30

Africa wants reform of global financial architecture

With $200 billion invested in development projects across the continent since its establishment in 1964, the African Development Bank (AfDB) Group is leading the charge in transforming Africa’s development landscape, as a solutions bank. At the institution’s 2024 annual meetings in Nairobi, six African presidents joined the AfDB President Dr. Akinwumi Adesina’s call for action to reform […]

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May
26

Exploring Angola’s natural gas success

With proven oil reserves of 9 billion barrels and gas reserves of 11 trillion cubic feet (tcf), Angola has established itself as a significant player in the global energy market. Recent milestones in Mozambique, such as its first successful shipment of Liquified Natural Gas (LNG) to Europe in 2022, highlight the country’s emergence as a […]

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May
24

Top concerns of South African voters

The most urgent problems that South Africans want their government to address are unemployment, unreliable electricity supply, and corruption, according to a new Afrobarometer telephone survey ahead of general elections on 29 May. Citizens also cite economic issues including inflation, poverty, and management of the economy. As citizens prepare to go to the polls, a […]

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