With the two-term tenure of African Development Bank (AfDB) president Akinwumi Adesina coming to an end by May 2025, a total of eight candidates, including from South Africa, Algeria, Senegal, Zambia, and Mauritania, are in race to succeed him. The race is beginning to heat up with candidates across Africa declaring their intention to replace […]
In a surprising shift atop Africa’s wealth pyramid, South African business magnate Johann Rupert has claimed the title of the continent’s richest person, surpassing long-time leader Aliko Dangote of Nigeria. This changing of the guard reflects the volatile nature of global markets and regional economies. Rupert, the 74-year-old mastermind behind the world’s largest luxury watchmaker, […]
Three months after a massive power outage plunged the Iberian Peninsula into darkness, Portugal unveiled Monday a €400 million plan to reinforce its electrical grid—and floated the possibility of connecting to Morocco’s power network. Environment Minister Maria da Graça Carvalho announced 31 measures designed to prevent future blackouts, reassuring citizens that not all costs would […]
