Africa Americas Asia Business International

US-Russia tussle for geopolitical influence leveraged by South Africa

South Africa and its neighbors were at the center of a tussle for influence this week when US Treasury Secretary Janet Yellen and Russian Foreign Minister Sergei Lavrov in turn arrived for a diplomatic visit, offering a rare moment of leverage for regional governments intent at using the opportunity to gain concessions and increase trade […]

Africa Business Emerging Markets Headlines International

Much of Africa less safe, secure, democratic than a decade ago — Governance Index

Africa is “less safe, secure and democratic” than it was 10 years ago, says a new report on African governance released by the Mo Ibrahim Foundation on Wednesday, January 25, citing a surge in military coups and armed conflicts. The democratic backsliding now threatens to reverse decades of progress made in Africa, according to an […]

Africa Europe Headlines International

Russia charges France for interference in internal affairs of African countries

Russia’s top diplomat Sergei Lavrov slammed Tuesday France for interference in the internal affairs of African countries and support to terrorist organizations on the continent. Lavrov was speaking at a joint press conference with his Eswatini peer Thuli Dladla in capital Mbabane, as part of an African tour. “By supporting terrorists in Libya, France has […]

Africa Europe Finance International

Norway’s agency to boost fertilizer supply to 850,000 African smallholder farmers

The African Fertilizer Financing Mechanism (AFFM) has received a $10.15 million financing from the Norwegian Agency for Development Cooperation (NORAD) destined to support agricultural projects for small scale farmers in Kenya, Mozambique and Uganda. NORAD’s contribution will enable the AFFM to provide credit guarantees for up to 36 months in the three countries, with the […]

Africa Business Finance Headlines International

Africa: A 4% growth rate in 2023, outpacing IMF’s global forecast — AfDB report

The African Development Bank predicts the continent’s growth will be stronger-than-expected at 4% this year. Its cautiously optimistic economic outlook is partly based on the expectation that China will continue to re-open after three years of strict Covid-19 policies “Despite the confluence of multiple shocks, growth across all five African regions was positive in 2022- […]

Africa Energy Headlines International

Africa offers new solutions to avoid risks derailing net-zero energy transition — WEF report

Ahead of its annual meeting taking place in Davos in Switzerland, the World Economic Forum (WEF) says that short-term fixes to the energy crisis including subsidies and coal consumption could imperil the transition to net-zero, while proposing several solutions that have a special resonance in the context of some African countries, such as Senegal and […]

Africa Business Emerging Markets Headlines International Morocco

Mixed success for SEZ in Africa, with Morocco topping the list — study

Special economic zones (SEZs) are mushrooming in Africa and while many challenges lay ahead, these zones have shown considerable potential for they can play a tremendous role in the development of the African continent. Policymakers all across Africa have increasingly resorted to SEZs with the aim of turning around their countries’ economic fortunes, as they […]

Africa Headlines International

Africa should do more to monitor, respond to human rights abuses — rights group

African nations need to do more to address the widespread displacement, killings and other abuses that have come about from the continent’s many conflicts, according to a new report published this week by Human Rights Watch. The report that summarizes human rights trends in 23 African countries has found that in many countries on the […]

Africa Asia Headlines International

Africa should not serve as arena for global contests — China’s foreign minister

Africa should not be an arena for international competition between world powers, China’s new Foreign Minister Qin Gang said on Wednesday while inaugurating the new headquarters of the Africa Centers for Disease Control and Prevention (CDC), a pan-African health body. Qin is on a five-nation African tour, a week after bidding farewell to Washington, D.C., […]

Africa Asia Business International

Chinese top diplomat kicks off African tour for maiden foreign trip

China’s new Foreign Minister Qin Gang has kicked off an African tour on January 9 for his first foreign trip to counterattack US strategy to sideline the Asian giant in Africa. Qin Gang will visit Ethiopia, Gabon, Angola, Benin and Egypt from Jan. 9-16, spokesperson Wang Wenbin said at a daily media briefing. The Chinese […]