First Independent Mena Newspaper
Most African countries continue to rely heavily on out-of-pocket payments to fund their health services, warns a new report by the World Health Organization (WHO) Regional office for Africa, urging governments to reduce the financial strains that high health-care costs place on their population. The report, released on Universal Health Coverage Day, found that over […]
Many African countries still depend solely on food importation to survive regardless of their large land areas, says a new report by the African Export-Import Bank (Afreximbank) that also reveals that all countries on the continent together spend an average of $50 billion annually importing foods. “The nations of Africa together import approximately $50 billion […]
Addressing non-tariff measures and fostering regulatory convergence could unlock $7.1 billion in annual welfare gains, boost intra-Africa trade by 6%, and raise wages across the continent, says a recent report published by the United Nations Conference on Trade and Development (UNCTAD). While highlighting the transformative potential of the African Continental Free Trade Area (AfCFTA), the […]
A new study into global wealth creation and redistribution has revealed a noteworthy trend in Africa and the Middle East, which are now attracting a growing share of the $400 billion in wealth brought along by migrating ultra-rich individuals. Since the onset of the Covid-19 pandemic, billionaires worldwide have been relocating more frequently, with Switzerland, […]
President Joe Biden wrapped up an African visit during which he promised US investments to counter a growing Chinese influence, while focusing on the Lobito corridor that will ease the transport of critical minerals to the US market. The corridor has been at the heart of the US African strategy due to its potential in […]
Leaders across Africa and the Middle East are watching carefully the successful rebel offensive on Aleppo in Syria, experts and observers say, as this could create big problems for Russians and its so-called Africa Corps on the African continent. Experts and observers say that if the rebel offensive launched in the Syrian province of Aleppo […]
Africa needs further access to sustainable finance to achieve development goals and bolster growth, Moroccan finance minister Nadia Fattah said. “The long-awaited growth of our continent depends heavily on the ability of our countries to access the financing needed to achieve the goals of the 2030 Agenda for Sustainable Development and the African Union’s Agenda […]
Africa is poised to play a leading role in energy transition as it continues to attract prime investors thanks to its large deposits of critical minerals, African Development Bank chief Akinwumi Adesina said. Speaking at the opening of the African Investment Forum in Rabat, Adesina said Africa holds 95% of chromium, 90% of Platinum Group […]
The number of internally displaced people across the African continent has tripled to 35 million since 2009, driven by wars and climate change, says a new report from the Internal Displacement Monitoring Center (IDMC). While flooding and drought are posing a growing threat, almost 93% of those displaced, or 32.5 million, abandoned their homes due […]
Conflicts in Ukraine, in the Middle East, but particularly across Africa, have expanded the conflict-affected areas across the world by 65% since 2021 to encompass 4.6% of the entire global landmass, up from 2.8% three years ago, according to the latest Conflict Intensity Index (CII), published by risk analysts Verisk Maplecroft. Myanmar, flashpoints in the […]