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UK to cut import taxes on 99% of goods imported from Africa

The United Kingdom is to cut import taxes on hundreds more products from some of the world’s poorest countries, which is a part of its wider push to use trade to “drive prosperity and help eradicate poverty”, as well as reduce dependency on aid. The Department for International Trade said Monday (15 August) the scheme […]

AfDB report highlights Africa’s economic strength driven by investment surge, bold reforms

A new report from the African Development Bank (AfDB) underscores Africa’s impressive economic recovery, highlighting the continent’s resilience, growth, and the impact of bold reforms. With a projected GDP growth from 3.2% in 2024 to 4.1% in 2025 and 4.4% in 2026, Africa is now the second-fastest-growing regional economy globally, trailing only Asia. This growth […]

Sudan: US, UN warn of risk of historic famine, call on both warring sides to stop blocking aid

The United Nations and the United States have warned of the risk of famine in Sudan, as both pressed the warring sides to end obstruction of aid for around 18 million people in the war-torn country who are already acutely hungry. The latest UN reports indicate an escalating humanitarian crisis and the risk of famine […]