Africa Emerging Markets Headlines International

Botswana’s record-breaking diamond: A Gem of historic proportions

In a discovery that has sent shockwaves through the gemstone world, a massive 2,492-carat diamond has been unearthed in Botswana, potentially claiming the title of the second-largest gem-quality diamond ever found. This extraordinary find has not only captivated diamond enthusiasts but also highlighted Botswana’s growing prominence in the global diamond industry. The gem, recovered from […]

Africa Headlines International

Congo’s Mpox crisis escalates, sparking urgent vaccine plea

The Democratic Republic of Congo is grappling with a severe mpox outbreak, reporting over 1,000 new cases in just a week. This surge has prompted African health authorities to issue an urgent call for vaccines to combat the growing threat across the continent. Congo bears the brunt of this crisis, accounting for a staggering 94% […]

Africa Emerging Markets Headlines International Technology

Kenyan Esther Kimani wins 2024 Africa Prize for Engineering Innovation

The Africa Prize for Engineering Innovation 2024 has been awarded to Kenyan Esther Kimani for her innovative early detection system for crop pests and diseases. This breakthrough will help small-scale farmers improve yields and protect their crops. Awarded by the Royal Academy of Engineering, the prestigious “Africa Prize for Engineering Innovation” recognizes innovative engineering solutions […]

Africa Business Headlines International

Tanzania registers 200 times more investment projects in H1 2024

Tanzania registered 409 investment projects in the first half of the year, which is a whooping 200 times more projects that were registered in the east African country in 2023, according to the Tanzania Investment Center (TIC). In the first six months of 2024, Tanzania registered 409 investment projects, worth $3.09 billion, of whom 385 […]

Africa Emerging Markets Finance Headlines International

Ghana’s Cocoa Regulator Breaks Tradition, Opts for Self-Financing

In a significant shift from decades-long practice, Ghana’s cocoa regulator, Cocobod, has announced it won’t be seeking its usual syndicated loan for the upcoming 2024/25 cocoa season. This marks the first time in over 30 years that the world’s second-largest cocoa producer has opted for self-financing. The decision, revealed by Cocobod’s Chief Executive Joseph Boahen […]

Africa Finance Headlines International

Drought-Stricken Malawi Receives $11.2 Million Insurance Payout

Malawi, grappling with a severe El Niño-induced drought, has received a much-needed financial boost. An insurance payout of $11.2 million has been disbursed to the southern African nation, offering a glimmer of hope in the face of a dire food crisis. This payout comes at a critical time for Malawi, one of the world’s poorest […]

Africa Headlines International

Kenyan police under fire as suspected serial killer escapes custody

Kenya’s law enforcement is facing intense scrutiny following the escape of a high-profile suspect and 12 others from police custody. Collins Jumaisi Khalusha, alleged to have confessed to the murders of 42 women, including his wife, managed to flee along with a group of Eritrean nationals detained for illegal entry in the country. The escape, […]

Africa Headlines International Morocco

Moroccan team shines at 31st African Mathematics Olympiad

The Moroccan national team has secured first place in the 31st African Mathematical Olympiad, held at the University of the Witwatersrand in Johannesburg August 10 to 20. According to a statement by the Ministry of National Education, the Moroccan team scored a record-breaking 201 points, surpassing the previous highest score in the history of the […]

Africa Business Emerging Markets Headlines International

South Africa’s unemployment rate surges to 33.5% in H1 2024

South Africa’s official unemployment rate rose to 33.5% in the first half this year as the economic outlook worsens. The country, once Africa’s largest economy, has failed to curb inequalities amid widespread criminality and infrastructure bottlenecks. Unemployment in South Africa is now one of the highest globally and has exceeded Covid-19 levels, when a lockdown […]