First Independent Mena Newspaper
Developing countries are on a “path to debt crisis” and another “lost decade”, World Bank warns in its latest annual publication, unless African and other debtor governments, private and official creditors and multilateral financial institutions agree on a quick and coordinated action to secure more support from the creditors. The 50th edition of the ‘International […]
China’ Customs Tariff Commission announced earlier this week the removal of tariffs for taxable products from six African countries, State-run Xinhua news agency reports. The move aims to embody the spirit of China-Africa friendship and cooperation, and facilitate a high-quality China-Africa community with a shared future, the commission reportedly said. Under the measure to be […]
The European Union should work together with African countries to reform the World Trade Organization’s (WTO) subsidy rules as a way to tackle the global distortions of China’s state capitalism, the German Economic Institute (IW) argues in a new report. The research report entitled ‘Reforming WTO’s Subsidy Rules: a New Opportunity to Tackle the Global […]
Global donors pledged Sunday December 3 at the 2023 Reaching the Last Mile Forum, held part of the ongoing COP28 in the UAE, a collective $777.2 million to help control, eliminate, and eradicate neglected tropical diseases (NTDs) in Africa. The event hosted by Reaching the Last Mile (RLM), the global health initiative driven by the […]
Russia is mulling plans to dispatch 200,000 tons of wheat free of charge to countries in need on the African continent by the end of the year, the Russian Ambassador to Turkey Alexey Yerkhov told Turkish daily Sabah. “Russia proposed an initiative to deliver wheat free of charge to the poorest African countries. We expect […]
Leaders from more than a dozen African countries have gathered in Germany’s capital city for the G20 Compact with Africa conference, which aims to help bolster private investment in the world’s poorest, but fast-growing, continent. Underlining renewed interest in Africa, leaders of Italy, France, Germany have all visited Africa this year, viewing it as a […]
Africa is in the grip of a dollar drought and the current continent-wide scarcity of the US dollar is further pushing many already beleaguered African countries into deeper economic crises, according to a new Bloomberg report. Several Sub-Saharan African (SSA) countries, including Kenya, Nigeria, Ghana and Tanzania, have for several months experienced shortages of the […]
The President of the Union of the Comoros, Azali Assoumani, commended King Mohammed VI’s enlightened vision for a prosperous and autonomous Africa, enjoying the place it deserves on the international stage. Speaking at the close of the 15th edition of the MEDays Forum, the Comorian Head of State and acting chairman of the African Union […]
While Africa’s critical mineral reserves and mineral industry are possibly the largest in the world, if African countries are to harness the full potential of these essential resources, local and sustainable value chains must be established, according to experts. Home to 30% of the world’s mineral reserves — found in abundance in South Africa, Zimbabwe, […]
During a visit to Tanzania, German President Frank Walter Steinmeier has asked the country and its people to forgive Germany’s colonial abuses under its colonial rule. Steinmeier’s move to ask for forgiveness from the descendants of hundreds of thousands of victims of violence committed by German colonial rulers more than a century ago has been […]