First Independent Mena Newspaper
Only three African nations control about 56% of the continent’s total wealth, according to the 2022 Africa Wealth Report published by UK investment consultancy firm Henley & Partners in partnership with South African wealth intelligence firm New World Wealth. South Africa, Egypt, Nigeria, Morocco, and Kenya are Africa’s wealthiest countries. The first three countries possess […]
Disruptions in food supplies caused by Russia’s war in Ukraine have deepened the struggles of millions of Africans to survive, more than 60 farmers’ associations from 11 Central African countries have warned. Calling on the region’s governments to help people cope with food shortages, the farmers say scarcity, high prices and a worsening economic situation […]
Kenya has started exporting its fresh avocados — dubbed as “green gold” — to China, which is seen as a step in Beijing’s elaborate plan to increase imports from Africa to help balance the trade between China and the continent. The first batch of fresh avocados grown in Kenya and destined for the Chinese market […]
Central African countries have signed an agreement to create a regional oil and gas pipeline network and hub infrastructures which proponents say will strengthen energy supply and reduce dependence on imports of refined products. The deal, inked on Thursday (8 September), aims to construct three multinational oil and gas pipeline systems of around 6,500 km, […]
Unlike in 2021, this year, Google is funding an equal number of men and women-founded startups through its Black Founders Fund, which embodies the tech giant’s commitment to invest in Black entrepreneurs in Africa. Google started its Black Founders Fund following the wave of concern in 2020 after the George Floyd protests in the US […]
A new report published by the International Trade Centre (ITC) last Thursday urges countries in Africa and the Caribbean to tap into the more than $1 billion in export potential between both regions. ITC’s “Expanding African-Caribbean Trade“ report, released at the inaugural AfriCaribbean Trade and Investment Forum (AFCTIF) in Barbados, highlights partnerships such as between […]
The landmark multi-billion-dollar Arab-Africa Guarantee Fund (AAGF), which is due to start operations in 2023, could provide a boost to the Arab-Africa trade that has been static at 17% of the continent’s total trade for the last seven years. Despite centuries of exchanges, Arab-Africa trade has been static at 17% of the continent’s total trade […]
Nigeria continues to lag behind in making the AfCFTA trade agreement operational, as a number of other African countries have been chosen to begin exchanging goods and services under the AfCFTA terms. Almost two years after the implementation of the African Continental Free Trade Area Agreement (AfCFTA), which came into force on 1 January 2021, […]
E-mobility start-up Roam recently partnered with M-Kopa, a Nairobi-based clean energy financier, to provide thousands of e-motorcycles to riders in Kenya, after becoming the first startup in the country to convert petrol-powered motorbikes to electric last year, starting with a fleet of 100. “This is one of the biggest leaps for electric mobility in Africa,“ […]
Australia’s Sandfire Resources Ltd plans to spend additional $71.9 million to expand production at its under-construction Motheo copper mine in Botswana as it looks to establish a major mining hub in the Kalahari Copper Belt. Sandfire’s Motheo mine is the second copper mine to be developed in the region, which extends over nearly 1,000 kilometers from […]