Africa Finance Headlines International

IMF loans Burkina Faso $80.7m to address global food crisis impact

The International Monetary Fund (IMF) has loaned Burkina Faso $80.7 million to help the West African country surf the impact of the global food crisis. “Food insecurity in Burkina Faso has increased significantly owing to deteriorating security conditions, which led to the displacement of about 2 million people; unfavorable climate events; supply-chain disruptions following the […]

Africa Europe Finance International

Zambia, Germany launch €3m program to reduce carbon emission

Zambia and Germany have launched a program worth 3 million euros aiming at reducing carbon emission and promoting sustainable development projects, reports say. Launched in capital Luzaka, the program is dubbed “Supporting Preparedness for Article 6 Cooperation” or SPAR6C, a program of the International Climate Initiative (IKI). IKI is an important part of the German […]

Africa Business Community Headlines International

AfCFTA free trade on track, but intra-Africa’s low trade pattern is worrisome

The African Continental Free Trade Area (AfCFTA) is on track, but more efforts are needed, experts say, as presently intra-Africa trade stands low at just 14.4% of total African exports. A low intra-continental, as well as global trade pattern by African countries, has mainly been attributed to a lack of adequate infrastructure, climate change, structural […]

Africa Asia Business Columns Emerging Markets Europe Headlines International

EU, US growing investment in Africa challenges China’s Belt and Road offensive

China’s Belt and Road investment in sub-Saharan Africa fell to a new low in 2023, which demonstrates that increased EU and US spending could reduce the region’s need to rely on Beijing for funding. China’s investment in the region related to Beijing’s Belt and Road (BRI) initiative, the main pillar of its global infrastructure development […]

Africa Asia Emerging Markets Headlines International

ICC’s Putin arrest warrant presents dilemma for South Africa before BRICS summit

The International Criminal Court (ICC) arrest warrant issued for Russian’s Vladimir Putin has put South Africa’s government between a rock and a hard place, as it is now weighing what to do if the Russian president accepts an earlier invitation to attend the August BRICS summit in the country. The Hague-based court issued the arrest […]

Africa Business Emerging Markets Headlines International

AfCFTA, free movement of people to serve as catalyst for intra-African trade

The implementation of the African Continental Free Trade Area (AfCFTA) is likely to increase the volume of intra-African trade from the current 16% to over 40% by 2045. However, to reach this goal, African countries should promote the free movement of people across their borders to boost intra-African trade, says Stephen Karingi, director at the […]

Africa Business Emerging Markets Europe International

MSMEs in Sub-Saharan Africa empowered by EU-funded projects

Some 174 Nigerian Micro Small and Medium Enterprises (MSMEs) have benefited from a European Union funded facility to produce high-quality Personal Protective Equipment (PPEs) and health-care related products. The MSME companies have been empowered after three years of implementing the EU-funded program which was launched in response to Covid-19 containment measures, aimed to strengthen the […]

Africa Headlines International

AFCON2023 set from Jan.13 to Feb.11, 2024

The Confederation of African Football (CAF) set the kickoff of the Africa Cup of Nations, to be held in Côte d’Ivoire for January 13 next year and the closing for February 11. The four-week tournament will start with the opening match scheduled to take place on Saturday, 13 January 2024 at the Alassane Ouattara Stadium […]

Africa Asia Headlines International

Ugandan President’s son vows to send troops to Russia if attacked

Muhoozi Kainerugaba, an army general and son of President Yoweri Museveni of Uganda said on Thursday on Twitter that the eastern African country will send forces to back Russian President Vladimir Putin, should the west attack Moscow in the ongoing conflict with Ukraine. “Call me a ‘Putinist’ if you will, but we, Uganda, shall send […]

Africa Community Headlines International

Amnesty 2023 report: Africa’s ‘limited progress’, ‘grim picture’ in some nations

Amnesty International’s 2023 report titled “State of the World’s Human Rights” says that Africa, on the whole, continues to make progress toward respect for individual rights from speech to political association, though it paints a grim picture of Southern Africa, highlighting troubling abuses in Eswatini, Mozambique, South Africa, Zambia and Zimbabwe. Africa has shown “limited […]