First Independent Mena Newspaper
Morocco’s Phosphate Group (OCP) and the World Bank agreed on Wednesday in Marrakesh to strengthen cooperation ties and programs benefitting five million farmers in Benin, Guinea, Mali, and Togo, covering 10 million hectares. The agreement was inked by OCP CEO Mostafa Terrab and WB Vice-Pdt.for Central Africa Ousmane Diagana during the ongoing WB-IMF Annual meetings […]
African nations have been divided over which side to support in the conflict between Israel and Hamas, but African leaders have still unanimously called on warring parties to halt deadly confrontations that erupted on 7 October when the Palestinian militant group launched a surprise assault. With the African Union (AU) having been divided over the […]
Against the backdrop of the African Union (AU) becoming a permanent member of the Group of Twenty (G20), responsible mining in the region, encapsulated in the AU’s African Mining Vision (AMV), should play a central role in fueling a mutually beneficial sustainable development while facilitating the cross-border collaboration between African states that will pave the […]
The recent military coups in Gabon and Niger, and claims of a military takeover attempt in Congo Brazzaville, show that the contagion may continue to spread, not only undermining democratic governance but also threatening to dim the prospect of improved inter-continental trade under the African Continental Free Trade Agreement (AfCFTA). With military officers in Gabon […]
Kristalina Georgieva, the Director of International Monetary Fund (IMF) called on Africa on Thursday to turn to green energy and to accelerate their transition to clean energy sources and sustainable agriculture given what she called the “existential threat” posed by climate change. “This is the most significant risk we face as a global community. It […]
The International Monetary Fund (IMF) has announced that sub-Saharan Africa will be allocated a third seat on the global lender’s executive board, while the World Bank has warned the central banks in Nigeria, Ethiopia, and Uganda not to overplay their hand in getting involved in risky monetary initiatives. Sub-Saharan Africa will have a “stronger voice” […]
Economic growth in Sub-Saharan Africa is expected to decelerate this year by slumps in economic powerhouses South Africa, Nigeria and Angola, the World Bank has announced, expressing fears of a lost decade for the continent, faced with growing instability. For the current year, growth should reach 2.5%, compared with 3.6% last year, due in particular […]
More and more African countries seem to have taken inspiration from China’s unique economic development over the past decades and try to follow the development paths that suit their own respective domestic conditions. “The African people have the most say on which path suits Africa best,” said Chinese President Xi Jinping at the China-Africa Leaders’ […]
The World Bank Board has approved $365 million in International Development Association (IDA) financing to increase girls’ and women’s access to learning, economic opportunities, and utilization of health services, and to strengthen the institutional capacity for gender equality in Western and Central Africa. The Sub-Saharan Africa Women’s Empowerment and Demographic Dividend Plus project (SWEDD+) has […]
As the United Arab Emirates (UAE) prepares to host the COP28 climate summit from 30 November to 12 December, the Gulf state has made a marked presence in Africa’s burgeoning green finance sector, with a group of Emirati investors having unveiled a landmark $4.5 billion pledge to invest in clean energy projects on the continent […]