UN report: Africa, still too reliant on commodities exports, needs to diversify

Nearly 60% of African countries remain dependent on exports of commodities despite decades-long efforts to diversify. Therefore, a shift especially to technology and financial services, among other sectors, could help them withstand economic shocks, a study recently published by the United Nations Conference on Trade and Development (UNCTAD) argues. UNCTAD’s Economic Development in Africa Report […]

Morocco’s King ‘Spoke with his heart to’ Africa, AU Chair

The newly elected Chairman of the African Union, Guinea’s President Alpha Condé welcomed the comeback of Morocco to the African organization and lauded Morocco’s speech, which, he said, “stems from the heart.” “The King spoke with his heart and will spare no effort to foster the continent’s independence,” said Alpha Condé in an address before […]

Africa: 180 million people to benefit from World Bank’s $2.5B program to boost inclusive digitalization

The World Bank has launched a new $2.48 billion program that aims to improve internet adoption rates and infrastructure coverage gaps for more than 180 million people across eastern and southern Africa. The Inclusive Digitalization in Eastern and Southern Africa (IDEA) Program, launched recently, will focus on tackling common digital challenges including low internet coverage […]