Africa Americas Business Headlines International

US to remove Gabon, Niger, Uganda and CAR from AGOA trade program

US President Joe Biden announced on Monday (30 October) his intention to end the participation of Gabon, Niger, Uganda, and the Central African Republic (CAR) in the African Growth and Opportunity Act (AGOA) trade program, citing their failure to comply with the eligibility criteria. Launched in 2000, AGOA grants exports from qualifying countries duty-free access […]

Blogs Business Community Finance Headlines

Hand-in-Hand Investment Forum aims to boost funding for agrifood systems in Sahel

Governments from Africa’s Sahel have recently met with potential donors and other organizations at the Hand-in-Hand Investment Forum 2023, organized by the Food and Agriculture Organization of the United Nations (FAO), where they presented dozens of projects aimed at boosting agricultural production and food security in a sustainable and profitable way. The FAO’s matchmaking initiative, […]

Africa Asia Business Emerging Markets International

Africa holds special place in India’s superpower ambitions

Diplomatic relations between India and Africa have expanded rapidly since the early 2000s but, with India aspiring to become the 21st century’s next superpower, the relationship between both sides will be driven by business links, trade and the joint efforts to reshape the international institutions. At the recent G20 summit in New Delhi, Indian Prime […]

Africa Business Emerging Markets Headlines International

Critical Minerals Africa Summit 2023 explored continent’s role in global mineral supply chains

The Critical Minerals Africa 2023 summit was held in Cape Town this week (17-19 October), with a high-level ministerial panel addressing the future of African mineral resource development, as the continent’s mineral reserves gear up to power a global energy transition. The Critical Minerals Africa 2023 summit, organized by Energy Capital & Power, serves to […]

Africa Asia Business Emerging Markets Headlines International

China’s BRI to continue bringing rails, roads and debt to Africa, though at slower pace — experts

As world leaders gathered in Beijing for China’s Belt and Road Initiative (BRI) forum this week, analysts see China as making a renewed focus of its development drive on poorer countries in the global south, notably in Africa, as the country’s relations with the West become increasingly frosty. China’s financial support for projects in nearly […]

Africa Business Headlines International Morocco

Morocco’s CNDH calls for roadmap to protect human rights in Africa

President of Morocco’s National Human Rights Council (CNDH), Amina Bouayach, called from Accra, Ghana, for developing a “common vision” and “an ambitious roadmap” to protect human rights in the commercial transactions of businesses, corporations and multinationals on the African continent. The CNDH president was addressing the 14th Biennial Conference of Network of African National Human […]

Africa Asia Business Emerging Markets Europe Headlines International

Africa pivots from Europe and North America to Asia on trade — reports

Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]

Africa Emerging Markets Finance Headlines International Morocco

IMF members increase contributions; Africa gets third seat on board

The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a […]

Africa Business Emerging Markets Finance Headlines International Morocco

African High-Level Ministerial Meeting calls for an equitable global financial architecture

The High-Level Ministerial Meeting on accelerating the financing of Africa’s emergence, held on Thursday on the sidelines of the WB-IMF Annual Meetings, culminated in the adoption of the “Marrakech Declaration” which calls for a “global financial architecture that is fairer and more conducive to Africa’s development.” In this Declaration, the 48 countries that took part […]

Africa Business Emerging Markets Headlines International

African govt’s to open aviation markets to address poor intra-African air connectivity

It’s high time to address the ‘embarrassingly low’ level of intra-African air connectivity which is depriving the continent and its people from reaching their full potential, an airline body chief has said. Addressing the recent annual general assembly of the Airlines Association of Southern Africa (AASA) that was held in Luanda in Angola, the airline […]