‘He didn’t die rich’: Bill Gates pledges $198bn to Africa to improve health, education

Microsoft co-founder Bill Gates has announced that the majority of his $200 billion fortune will be spent over the next two decades on transforming health and education across Africa. Speaking at the African Union headquarters in Addis Ababa, Gates called for bold investments in human potential as the key to unlocking prosperity across the continent. […]

Africa-CARICOM Summit: Royal Atlantic Initiative embodies active, united South-South cooperation

The Royal Atlantic Initiative, a concrete example of effective South-South cooperation between Africa and the Caribbean, was highlighted during the 2nd Africa-CARICOM (Caribbean Community) Summit. Speaking at the Summit, held in Addis Ababa this Sunday sept.7, Morocco’s Ambassador and Permanent Representative to the African Union and the UN Economic Commission for Africa, Mohammed Arrouchi, emphasized […]

Algeria’s crude prices drop below production cost

Algeria’s crude oil, Saharan blend, dropped below production costs and is now sold at a loss at $11.72 per barrel boding ill for the country’s struggling finances. Oil prices have plunged across the globe due to shortage of demand as the lockdown reduced economic activity worldwide. Analysts expect oil prices to remain at their lowest […]