Africa Business Headlines International

Coup contagion fears threaten new investment, ratchet up interest rates in Africa — experts

The apparent coup trend in Africa, creating a belt of countries that now stretches from the Atlantic Ocean to the Indian Ocean, is adding to other major concerns deterring many investors from the continent — a wave of debt crises, tense geopolitics, and an extreme vulnerability to climate change. There have been nine coups in […]

Africa Emerging Markets International

Rwanda aspiring to become hub for AI, nuclear research in Africa

Rwanda has recently signed two landmark deals that may see the East African country become a hub for research in the field of Artificial Intelligence (AI) and nuclear energy — both of which are part of Rwanda’s ambitious aspirations to become an upper-middle income country by 2035, and a high-income country by 2050. Rwanda has […]

Africa Business Emerging Markets International

EAC trade hampered by NTBs, lack of credit and dollar scarcity — EABC report

Difficulties in securing foreign currencies and lack of affordable credit in the wake of rising interest rates are major challenges facing traders in the East African Community, according to a new report on the Ease of Doing Business in the EAC 2023, that also highlights traders still facing challenges at borders and markets despite harmonized […]

Africa Europe International

Russia’s disinformation campaign in Africa making quickest victories in history of propaganda — report

Russia is making “tremendous” gains in its disinformation propaganda in Africa, according to a new report by Dan Whitman, fellow at the Philadelphia-based Foreign Policy Research Institute, who, in a recent interview, described Moscow’s disinformation campaign as the “most rapid propaganda successes in the history of propaganda.”   In his report recently published by the […]

Africa Europe Headlines International

Sahel policy needs revision after Europe failed to bolster democracy there — EU’s top diplomat

Despite the €600 million spent by the European Union on training security personnel in the Sahel, the countries in the region had “failed to bolster democracy,” the head of EU diplomacy Josep Borrell has admitted in the wake of a series of recent coups, the latest of which were in Niger and Gabon. Speaking at […]

Africa Energy International

African leaders urged to safeguard continent’s vast untapped ‘green’ minerals

Africa, the world’s richest region for renewable energy, must tap into its vast untapped resources to drive sustainable development and industrialization — this was the main message coming from fruitful discussions on the Africa Green Minerals Strategy (AGMS) during the recent Africa Climate Summit 2023 in Kenya. At over 5500 exajoules per year, Africa boasts 44.8% of […]

Africa Asia Emerging Markets Energy Headlines International

UAE pledges to invest $4.5bn to support deployment of clean energy in Africa

UAE has unveiled an initiative that will provide $4.5bn to help tap Africa’s clean energy potential amid increasing negative impacts of the climate change on the continent. COP28 President-Designate Sultan Al Jaber made the announcement during his keynote address at the inaugural African Climate Summit in Nairobi, Kenya. The initiative will bring together public, private, […]

Africa Europe Features International

EU concerned about ‘domino effects’ of military coups in Africa

European Union ministers have expressed deep concern about “domino effects” following last Wednesday’s coup in oil-rich Gabon — the eighth nation in the Central or West African region to be hit by a military takeover in the last three years. The EU is increasingly concerned about the growing number of military coups across the continent […]

Africa Europe Headlines International

Wagner in Africa: mercenary group to survive following Prighozin’s death — analysts

Russian authorities on Sunday (27 August) confirmed the death of Wagner Group chief Yevgeny Prigozhin in a plane that crashed on August 23, sparking concerns for some client governments in Africa who rely on his unique services. Russia’s presence in Africa depends heavily on the Wagner Group and since Prigozhin was the face of the […]

Africa Headlines International Morocco Technology

Morocco urges AU-PSC to improve African governance of cyberspace

Morocco on Thursday called on the African Union Peace and Security Council (PSC) in Addis Ababa to improve African governance of cyberspace. At a meeting of the AU PSC held via videoconference and dedicated to a communication on the development of a common position on cybersecurity in Africa, the Kingdom also called for respect for […]