Burkina Faso launches new “Caisse de dépôt et d’Investissement” to finance major projects

Burkina Faso is setting a new Caisse de dépôt et d’Investissement, CDI-BF, assigned several tasks including financing of State’s major projects. The decision, “Sika Finance” reports, came during a cabinet meeting last week. The CDI-BF replaces Caisse des dépôts et consignations (CDC) created in 2017 and dismantled in 2022 for lack of results. The CDI-BF […]

African Union’s slavery reparations agenda faces Western resistance ahead of key summit

As the African Union (AU) prepares for its 38th summit in Addis Ababa, a central topic will be a joint push for reparations tied to the transatlantic slave trade and colonialism. African leaders aim to define a “unified vision” for reparations, which includes financial compensation, formal acknowledgment of historical wrongs, and comprehensive policy reforms. The […]

Electricity, key for Africa’s development – ECA top official

In Africa, nearly 600 million people, or 48% of the continent’s population, still lack access to electricity, with the majority living in rural areas.   The continent will not fully develop if hundreds of millions of its people continue to live without electricity, Economic Commission for Africa’s Executive Secretary, Vera Songwe said Thursday. Songwe who […]