When African leaders meet with Russian President Vladimir Putin in St. Petersburg in late July for a summit, their discussions will likely be overshadowed by Russia’s pull-out of the Black Sea Grain Initiative that could badly damage Moscow’s relations with its African partners. Billed as strengthening cooperation in peace, security, and development, the Russia-Africa Summit […]
Africa
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 […]
Gabon: Elections commission validates 19 candidates for August presidential polls
Nineteen candidates will run for August 26 presidential elections in Gabon, up from 27 bids received by the country’s Center of Elections (CGE). The CGE, led by Michel Stéphane Bonda, Sunday unveiled the roaster of final candidates to seek the country’s top job, “Gabon Review” reports. The Center disqualified 8 candidates after receiving 27 bids […]
Italy migration summit aims to help Africa reduce migrant flows to Europe
Mediterranean and Middle East countries are meeting in Rome on Sunday (23 July) in an international conference organized by the Italian government to boost efforts to stem illegal migration flows. The meeting is to discuss development projects in the Southern Mediterranean and North Africa and partnerships for projects in sectors including agriculture, infrastructure and health, […]
African startups defy global VC funding downturn, with M&A becoming the norm
African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]
Burkina Faso introduces new taxes to raise fund to fight terrorism
Burkina Faso has introduced new taxes including levies on telephone services in a bid to raise funds to be used in the fight against terrorism, the West African country’s news agency (AIB) announced. Aboubakar Nacanabo, the Minister of Economy announced the taxes on telephone services, re-subscription of private cable television channels and sale of land […]
U.S pledges $380m in humanitarian aid for Africa
The United States will provide an additional $380 million in humanitarian assistance for Africa, top diplomat Antony Blinken announced Thursday. “With this funding, the United States has provided more than $4 billion in humanitarian assistance this fiscal year to respond to the needs of refugees, internally displaced persons, and people affected by conflict and crisis […]
Morocco calls for coherent, viable regional response to counter terrorism & extremism in the Sahel
Morocco has called, on Thursday in Addis Ababa, before the Peace and Security Council (PSC) of the African Union (AU) for a coherent and viable regional response to counter terrorism and violent extremism in the Sahel. “A coherent and viable regional response is needed to counter terrorism and violent extremism in the Sahel. In this […]
African energy experts make progress on continental power system masterplan
Energy stakeholders from across Africa who convened at a recent meeting in Benin’s capital, Cotonou, managed to made significant strides in the establishment of the African Single Electricity Market (AfSEM) and the development of the Continental Power Systems Master Plan (CMP), paving the way for major developments to come in the energy sector. The importance […]
Putin’s turnaround: Russian leader to abstain from BRICS summit in South Africa
In a surprising turnaround, South Africa’s presidency announced on Wednesday that, in the end, Russian President Vladimir Putin will not personally attend the BRICS summit in South Africa in August. In March, the International Criminal Court (ICC) issued an arrest warrant for Putin for alleged war crimes involving accusations that Russia has forcibly taken Ukrainian […]









