Africa Business Emerging Markets Headlines International

Africa must combat illicit trade in natural resources — reports

To protect its abundant natural resources, African countries need to make concerted efforts to combat illicit resource trade, according to reports from the African Development Bank (AfDB) and United Nations Environment Program (UNEP). Africa boasts a significant amount of the world’s natural resources, both renewable and non-renewable, including arable land, oil, natural gas, minerals and […]

Africa Americas Community Features International

Jill Biden visits Kenya, calls for more aid to deal with record drought in Horn of Africa

US First Lady Jill Biden, who was on a two-day visit in Kenya over the weekend, called on wealthy nations to give more to countries in the Horn of Africa, which is experiencing its worst drought in four decades. Five straight seasons of poor rainfall have killed millions of livestock, destroyed crops and left some […]

Energy Features Headlines

African Union pushes for acceleration of electrification in the continent

Africa needs to accelerate the financing for energy access in the continent with clear targets and steps for ensuring the achievement of universal energy access by 2030 — this appeal was made during a recent presidential roundtable on the side-lines of the 36th Ordinary Session of the Assembly of the African Union (AU). The event […]

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 […]