Africa Business Emerging Markets Headlines International

AfDB warns of linking African loan payment to critical resources

Head of the African Development Bank called for an end to loans in exchange for oil or critical minerals, which helped countries like China control vast resources in the continent. In an interview with the Associated press, AFDB chief Akinwumi Adesina explained how such loans lead to undervaluing natural resources of African countries and further […]

Africa Business Emerging Markets Headlines International

Africa imports 70-80% of its drugs, losing $2.6tn yearly due to ill-health — AfDB chief

Africa imports between 70 and 80% of its medicines, according to Akinwumi Adesina, the President of the African Development Bank (AfDB), who also warned that the continent suffers an annual loss of $2.6 trillion yearly due to lack of productivity caused by ill-health. Speaking at a recent ceremony in Lagos where he was honored with […]

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Ericsson Report: Africa takes lead as 85% of global population expected to have 5G access by 2029

The November 2023 release of the Ericsson Mobility Report predicts that by 2029, 5G access will reach 85% of the world’s population, with Africa taking the lead in this advancement. This surge in mobile subscriptions across Sub-Saharan Africa is attributed to positive economic prospects and proactive regulatory measures aimed at enhancing network coverage, driven by […]

Africa Business Emerging Markets Headlines International

At UN, African countries urge “sustainable” use of transitional minerals

A group of African countries urged the UN environmental assembly in Nairoby to adopt a resolution on the sustainable use of minerals key to the process of energy transition. The decision would help African countries avoid injustice and extra-activism as the global clean energy agenda speeds up and demand increases on key minerals. Billions of […]

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Africa: Spiritual security, focus on the role of the Mohammed VI Foundation of African Ulema at a conference in Kampala

Participants in a scientific conference, held in Kampala, Uganda, Feb.24-25, highlighted the role and action of the Mohammed VI Foundation of African Ulema in the achievement and preservation of spiritual security in Africa. The speakers at this conference organized by the Ugandan section of the Foundation, underlined the importance of stability and spiritual security in […]

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African mining continues to be held back by infrastructure deficit — experts

While interest in Africa’s critical mineral reserves, including those vital to combating climate change, is soaring, in some places their extraction is hindered by problems with vital infrastructure, according to several recent studies. The African mining industry, which contributes an estimated 4.5% to the continent’s GDP, has also made a significant contribution to the global […]

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Rabat hosts parliamentary conference on South-South Cooperation

Rabat will host this February 15-16 a parliamentary conference on South-South Cooperation that will discuss the “Role of National Parliaments and Regional and Continental Parliamentary Unions in Africa, the Arab World, and Latin America in Enhancing Strategic Partnerships and Achieving Joint Integration and Development.” The conference will address current strategic issues, mainly those related to […]

Africa Headlines International

Key AU summit in Addis Ababa to focus on most pressing issues facing Africa

Over 34 African leaders are to converge in Addis Ababa for the 37th African Union (AU) Summit by this week’s end to discuss pressing issues, including education, peace, trade, and governance. African leaders will meet in Ethiopia’s capital this February 17-18, for a pivotal gathering that could shape the course of the African continent for […]

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African countries ‘robbed’ of $11bn in annual revenues by ‘incognito’ fishing vessels

Illegal, unreported, and unregulated fishing costs African countries up to $11.49 billion annually, according to a new study conducted by researchers from the University of Wisconsin-Madison and Duke University, that also found that over 75% of the world’s industrial fishing vessels, mostly in Africa and South Asia, are operating “incognito.” In the new study published […]

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Forbes Africa highlights Morocco’s economic miracle, its commitment to co-development

Forbes Africa magazine highlighted, in its February-March edition, Morocco’s economic model and its commitment to co-development and shared prosperity on the continent. In a special report entitled “Morocco: Unlocking Opportunities at The Crossroads of Continents,” the magazine sheds light on the Kingdom’s achievements in key sectors with high added value for Morocco as well as […]