Africa Asia Finance Headlines International

India ups lending to Africa in bid to counter China’s dominance

Africa has become the second-largest recipient of credit from India while over the past decade 18 of the 25 new Indian embassies or consulates were opened in the continent, as the South Asian powerhouse tries to catch up with China’s massive sway in the resource-rich continent. Many African nations received about $12 billion or 38% […]

Africa Americas Culture Features Headlines International Lifestyle

African immigrants celebrate their blended heritage on US Independence Day

Immigration from Africa to the United States has increased dramatically in the past three decades and these migrants turned to the US in pursuit of safety, opportunities and economic prospects, according to two latest studies on this topic. As the US commemorates 247 years of independence on Tuesday (5 July), African immigrants celebrated Independence Day […]

Africa Community Headlines International

Global conflicts cause highest death toll in 21st century, Africa tops the list — IEP study

Conflicts around the globe cause more deaths — over 238,000 people in 2022 only — than they have ever done this century, with Yemen, Syria, South Sudan, and the Democratic Republic of the Congo (DRC) having all ranked among the world’s ten least peaceful countries since the index was launched in 2007. The number of […]

Africa Features Headlines International Lifestyle Technology

Africa’s voice on Artificial Intelligence regulation must be heard in global talks

With the first summit on global Artificial Intelligence (AI) regulation due in the autumn, experts and stakeholders call for African voices to be represented in forming the new rules – digital inequalities must not be exacerbated by Artificial Intelligence. The United Kingdom will host a global summit on safety in artificial intelligence in the autumn, […]

Africa Europe Finance Headlines International

AfDB invests $11m in Luxemburg-based BluePeak Private Capital Fund for SME in Africa

The African Development Bank, AfDB, has made equity investment worth $11 million in Luxemburg-based BluePeak Private Capital Fund to support mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing, and logistics sectors, across Africa. The Abidjan-based bank in a statement said BluePeak – a flagship private capital fund – will provide growth capital to middle-sized companies […]

Africa Columns Europe Headlines International

UN in Africa: why Mali and other African nations want peacekeepers to leave

Germany is looking to pull its soldiers out of Mali faster, in light of the looming end of MINUSMA, a United Nations peacekeeping mission — one of several UN missions operating in war-torn nations around Africa whose governments want them out, despite warning by experts of consequences and fresh security threats. Germany had deployed some […]

Africa Culture Headlines International Lifestyle

Muslims across Africa celebrate Eid al-Adha amid conflict, soaring inflation

Millions of Muslims across Africa are celebrating Eid al-Adha — or “The Feast of the Sacrifice” — a religious festival that honors the act of sacrificing what they hold dear to express their devotion to Allah. But this year, in parts of Africa, Eid celebrations are marred by rising inflation, raging wars, and refugee crisis. […]

Africa Business Emerging Markets Europe Headlines International

Prospects and challenges for EU trade deals with Kenya and Rwanda

Rwandan prime minister this week held a meeting with the European Union delegation to discuss various areas of partnership to boost trade and investments, while NGOs are pushing Kenya to rescind the recent agreement with the EU to implement the Economic Partnership Agreement (EPA) between them. Following the meeting with Rwandan PM Edouard Ngirente, one […]

Africa Americas Business International

Africa’s fintech revolution: market to reach $65bn in revenue by 2030, but challenges remain

Africa’s fintech market is poised for significant growth, projected to reach a $65 billion in revenue by 2030, which represents a 13-fold increase over 2021, according to a new study conducted by consulting firm Boston Consulting Group (BCG) and QED Investors, a global VC based in the US. This development will make Africa the world’sfastest-growing […]

Americas Features Headlines International

El Salvador Views Morocco as Strategic Partner in Africa and Arab world

Vice President of El Salvador Félix Ulloa has affirmed that Morocco is a strategic partner of his country in Africa and the Arab world. In a statement to Diario El Salvador, Mr. Ulloa said Rabat and San Salvador are working continuously to consolidate the bonds of friendship and cooperation through the exchange visits, permanent consultations […]