First Independent Mena Newspaper
The upcoming high-stakes presidential election in the United States will be consequential to every region of the world, not least Africa, as its result will determine the nature of future interactions between this leading global power and African countries, according to experts and observers. While Democratic Vice President Kamala Harris and Republican former President Donald […]
Norway, South Korea, the United Kingdom, and the United States have officially launched a multi-donor “fund of funds”, known as FASA, whose aim is to address the financing challenges faced by agricultural small and medium-sized enterprises (agri-SMEs) across Africa. Over the next 10 years, the “Financing for Agricultural Small and Medium Enterprises in Africa” Fund, […]
A new United Nations report has unveiled a troubling trend in global unemployment, with African nations bearing a disproportionate burden of job losses between 2018 and 2023. Eight African countries rank among the world’s 22 nations experiencing the most severe unemployment increases, according to the World Social Report 2024. The findings, released by the UN […]
Turkey’s Foreign Minister will attend a Turkey-Africa ministerial meeting in Djibouti next week, in a bid to strengthen cooperation with the continent. The gathering, scheduled for November 2-3, will host representatives from 14 African countries and evaluate progress since the 2021 conference. Turkey has significantly increased its African presence, with trade growing nearly eight-fold and […]
Several international experts and petitioners slammed, before the 4th Committee of the United Nations General Assembly in New York, the “scourge” of separatism which poses “a serious threat to peace and security”, particularly in Africa. Ismail Aboui Bouchane, professor at the University of Rwanda, underlined the “numerous connections between separatism and terrorist organizations” which are, […]
Half of the ten least performing currencies in the World are African, said a Bloomberg report, highlighting the risk facing some of the continent’s devalued currencies due to lack of dollar liquidity. Zambian kwacha, the Angolan kwanza, and the Nigerian naira are in the top 3 most fragile African currencies, according to the report. Zambia’s […]
The African Development Bank (AfDB) and the World Bank are working together to provide electricity to 300 million Africans by 2030 through renewable energy system. Some 600 million Africans lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation, according to the World Bank. The WB said […]
Africa’s rapid population growth is expected to lead to an increased demand on air travel, with Boeing expecting a robust annual growth rate of 6.4% in passenger traffic across the continent. Boeing, in its latest commercial market outlook, expects Africa’s commercial fleet to more than double by 2043. Regional aviation associate AFRAA estimates there will […]
Gavi, the Vaccine Alliance, said it signed a deal with Bavarian Nordic to acquire 500,000 Mpox jabs to be sent to Africa urgently. The vaccine’s will be funded by Gavi’s First Response Fund, a new financial mechanism created in June 2024 to make cash rapidly available to purchase vaccines in health emergencies. The Mpox outbreak […]
Africa has secured 87% of global funding for crucial energy infrastructure, marking significant progress in the continent’s pursuit of sustainable and accessible energy solutions, a 2024 report from the World Bank and the Energy Sector Management Assistance Program (ESMAP) said. From 2021 to 2022, the number of people benefiting from mini-grids in Africa skyrocketed from […]