Africa launches PAPSSCARD to reclaim financial sovereignty and boost trade

Africa has taken a major step toward financial self-determination with the launch of PAPSSCARD, the continent’s first Pan-African card scheme. Announced during the 32nd Afreximbank Annual Meetings in Abuja, Nigeria, the card aims to keep value, data, and economic benefits within Africa by processing payments entirely on the continent. The PAPSSCARD is a joint initiative […]

Sahel Alliance charts independent economic path with new development bank

Mali, Burkina Faso, and Niger are accelerating economic integration through their Alliance of Sahel States (AES), establishing a Confederal Bank for Investment and Development with 500 billion CFA francs in initial capital as they pursue greater autonomy from traditional West African institutions. The alliance, formed in September 2023 amid growing dissatisfaction with ECOWAS policies, has […]

Russia-Africa Summit: Moscow refuses Polisario’s participation, another slap on the face for Algerian regime

The ruling Algerian junta has suffered another major diplomatic setback in St. Petersburg at the 2nd Russia-Africa summit after Moscow, Algeria’s ally, refused the participation of the Polisario, a phantom entity, in the high-profile international gathering. As they excluded the secessionists from the first Russia-Africa Summit in 2019, Russian authorities have not invited Algeria-backed separatist […]