First Independent Mena Newspaper
As the leaders of the Group of Seven (G7) wealthy democracies converge for a summit in Japan, winds of change are blowing for Africa, which has so far been more of a discussion topic rather than an active participant in international politics, but is now demanding its rightful place in global dialogues and decision-making processes. […]
Africa’s agribusiness sector is expected to grow to become a $1 trillion industry by 2030, participants at a recent Africa Investment Forum (AIF) have concluded, predicting that agribusiness will become a catalyst in driving the economy on the continent. Leaders of Africa’s top agribusiness companies, who shared their thoughts on the future of the industry […]
The African Continental Free Trade Area (AfCFTA) will facilitate economic growth and development on the continent that is projected to become the world’s fastest-growing region, with six out of the ten fastest-growing economies in 2023 being African countries, according to a new report by the Mo Ibrahim Foundation. The AfCFTA presents a huge opportunity for […]
Germany supports the inclusion of the African Union (AU) in the G20 group of nations, the country’s Chancellor, Olaf Scholz, said on Thursday, May 4, as he arrived in Kenya on a three-day trip in East Africa, that will also take him to Kenya. The visits are meant to advance talks on trade and co-operation […]
Young doctors in Africa often go abroad to complete their studies and then end up staying there, which has resulted in a massive brain drain during this time of Covid-19. Nigeria has now joined a number of countries, including Morocco, Tunisia, Rwanda and Senegal, who have put countermeasures in place to prevent a mass exodus […]
While the ability to export products or import inputs efficiently will be key to helping African countries engage more comprehensively with global trade, a new World Bank report finds that even many African countries with major sea ports can still take longer delays than the average European or North American country. As African countries heavily […]
Europe is increasingly turning to Africa to find alternatives for Russian energy supplies it has shunned since the start of the war with Ukraine, while the United States, China and Russia are racing for economic influence on the continent. These four global powers are in a race to win over Africa, the continent’s market of […]
Commitments for Private Participation in Infrastructure (PPI) across 263 projects in Africa were worth $91.7 billion in 2022, a 23% increase from 2021, according to the World Bank’s latest data projection on investments, which demonstrates that infrastructure investments in low- and middle-income countries have started to recover. But in terms of “the total number of […]
The global daily value of mobile money transactions in 2022 surpassed forecasts to hit $3.45 trillion, according to a latest mobile money industry report, while in East Africa, the number of transactions grew by 18%. The report by Global Systems for Mobile Communications Association (GSMA) also shows that in 2022 the total value transacted on […]
Majority of oil trade routes are now at least five times longer as supplier and buyer dynamics have changed dramatically after the Western sanctions imposed on Russia over its invasion of Ukraine, raising the prospect of increased emissions. Most pre-war oil trade routes that took 5-6 days prior to the Russia-Ukraine war can now take […]