Africa Emerging Markets Headlines International

AU summit: G20, BRICS as Africa’s route to greater global influence

The summit of the African Union (AU) in February 2023 has shown that the bloc is in the process of accession to the G20 grouping as a member while also becoming a participant of the BRICS+ meetings, which would in turn enhance Africa’s global influence. While Africa lacks a permanent seat on the UN Security […]

Africa Features Headlines International

Leaving Africa in China’s hands is “big mistake” – Rome

Antonio Tajani, Italy’s top diplomat, on Sunday slammed China’s influence in Africa arguing that leaving the continent in the hands of China is a mistake. “Taking an interest in Africa is crucial for the future. Leaving Africa in the hands of China is a big mistake for everyone here,” Tajani said at the Munich Security […]

Africa Business Emerging Markets Europe Headlines International

African exporters to be most severely affected by EU’s incoming carbon border tariff — study

Concern is growing across Africa about the implications of the European Union’s decision to proceed with the implementation of a carbon border adjustment mechanism (CBAM) as a way of preventing so-called ‘carbon leakage’ by imposing a tariff on imports equivalent to the carbon prices being paid by European companies. The CBAM will be implemented later […]

Africa Community Emerging Markets Headlines International Morocco

Morocco vows to strengthen active cooperation, solidarity with Africa

Morocco has renewed its strong and voluntary commitment to Africa and vowed to strengthen further its policy of active cooperation and solidarity with the continent, while reiterating its determination to work with African countries to achieve the objectives of the continental agenda 2063, aimed to build up a dynamic, strong, democratic and sustainable Africa. The […]

Africa Business Emerging Markets Headlines International

Slow takeoff for Africa’s AfCFTA: Tanzania joining FTA in July, Nigeria not yet ready

The African Continental Free Trade Area (AfCFTA) market has been a long time coming, but several African nations and major companies have finally started shipping goods and trading a trickle of goods under the AfCFTA agreement signed in 2018. Tanzania is one of the African countries that have decided to take part in a new […]

Africa Asia Emerging Markets Headlines International

Africa unhappy with Western-led order, but rejects system led by Chinese, Russian autocrats — report

Global attitudes toward China and Russia have shifted since the Kremlin’s invasion of Ukraine, but African countries’ discontent with the West has not translated into a desire for Beijing or Moscow to wield greater influence over the international order, the annual report of the Munich Security Conference has found. Critics have accused African governments of […]

Africa Energy Headlines International

Africa to double its share of global natural gas supply by 2050 — report

Africa’s gas share in the global market will increase from 6% of all gas supplies in 2021 to over 11% by 2050, according to a report by Gas Exporting Countries Forum (GECF). Gas production in the continent is forecast to increase from 260bn cubic meters in 2021, to 585bn cubic meters in 2050, on the […]

Africa Business Emerging Markets Headlines International Technology

Africa’s internet speed is rapidly improving — Ookla Speedtest Global Index

A number of African countries have surged in global rankings that gauge internet speeds at telcos and internet service providers, according to the Speedtest Global Index of median mobile internet download speeds by Ookla, a global network intelligence and connectivity research firm. As investments into network infrastructure and deployment on the continent intensify, by the […]

Business Emerging Markets Features Headlines

Africa must accelerate pro-poor, inclusive recovery to boost economic growth

African countries should accelerate inclusive recovery efforts to boost economic growth to eliminate the impact of the shocks caused by Covid-19, the war in Ukraine and climate change, all of which have pushed more people into extreme poverty and have increased inequality worldwide, according to Antonio Pedro, the Executive Secretary of the United Nations Economic […]

Africa Asia Business Emerging Markets Headlines International Technology

China-Africa digital services hub focused on facilitating trade established in Hunan

China-Africa digital services hub focused on facilitating trade established in Hunan China’s Hunan province has unveiled a China-Africa Digital Services Hub that focuses on cross-border communications support and data-sharing between Chinese companies working in Africa. The China-Africa economic and trade digitalization service based in Changsha, the provincial capital, aims to support Chinese companies’ trade with […]