First Independent Mena Newspaper
The International Monetary Fund (IMF) has slammed African central banks for their misguided currency regulation, especially with regard to the ineffective disposal of their foreign exchange reserves. In particular, the IMF has scrutinized the African central banks’ rigid exchange rate regulations, criticizing them for disposing of their foreign exchange reserves in an ineffective attempt to […]
The African venture-capital (VC) market witnessed a 40% drop in funding from the previous year in the first six months of 2023, reflecting cautious investor sentiment and sparking concerns for startups’ future. In the first half of 2023, a mere 263 VC deals were executed, collectively accounting for $2.1 billion, which represents a 40% decline […]
The Biden administration’s charm offensive with Africa is ramping up in a big way, most recently with the launch of a new bureau aimed at making the battle against global outbreaks a lasting priority of US foreign policy and a pledge to seek partnership with African youth leaders to meet today’s challenges. Widely interpreted as […]
The number of Singaporean companies doing business in Africa has soared from only 60 in 2018 to more than 155 companies today, which demonstrates that the wealthy city-state increasingly views Africa as a very important market that should not to be ignored. In a sign of this deepening connection, Singaporean Prime Minister Lee Hsien Loong […]
Africa’s position on the global stage needs to be strengthened to allow the continent to fully participate in discussions on G20 initiatives such as the Common Framework, according to Hanan Morsy, Deputy Executive Secretary and Chief Economist at the United Nations Economic Commission for Africa (UNECA). The Africa High-level Working Group on Global Financial Architecture […]
Experts have warned that more international cooperation is urgently needed to curb the disturbing trend of a growing number of Africans that are being trafficked and exploited along migration routes to Europe and the Middle East. Human trafficking and migrant smuggling are on the rise in West Africa, with more than 15,000 Nigerian women and […]
Only 16 African heads of state have arrived in St. Petersburg to attend the second Russia-Africa Summit — fewer than half of the 43 who came to the first summit in 2019 — a striking disappointment for the Kremlin despite its recent flurry of diplomatic efforts in the continent. Russian President Vladimir Putin is meeting […]
Morocco will host for the 2nd consecutive year the prestigious awards of the Confederation of African football on December 11. The list of nominees has not yet been released by CAF. Last year, Senegal’s forward Sadio Mane and Nigeria and Barcelona top striker Asisat Oshoala were honored. The CAF awards celebrate the best performers from […]
Mediterranean and Middle East countries are meeting in Rome on Sunday (23 July) in an international conference organized by the Italian government to boost efforts to stem illegal migration flows. The meeting is to discuss development projects in the Southern Mediterranean and North Africa and partnerships for projects in sectors including agriculture, infrastructure and health, […]
African venture results have declined in recent quarters, echoing the trends in other startup regions around the world, but with $1.1 billion raised in the first half of 2023, Africa’s startup ecosystem shows resilience in the face of the global venture capital (VC) funding downturn. Despite VC funding slowly retreating from the African market this […]