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 […]
Morocco was comfortably elected to the presidency of the UN Human Rights Council, in recognition for its rights achievements and the credibility it enjoyed. Morocco received 30 votes, despite the hostile campaign waged against its presidency bid by Algeria and South Africa. Morocco’s contender South Africa got only 17 votes, a crushing defeat for a […]
Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is planning to unlock more than $11 billion from investors to bring electricity to at least 100 million people on the continent. The new financing facility attracted $16 million in its first close – enough to fund mini-grids that could connect 170,000 people, according […]
