First Independent Mena Newspaper
Niger’s Prime Minister Ali Mahaman Lamine Zeine delivered a scathing address at the United Nations General Assembly, accusing France of actively undermining his country’s sovereignty through what he called a “sneaky and subversive destabilization plan.” Zeine alleged that since French troops were expelled from Niger in 2023, Paris has been “training, financing, and equipping terrorists” […]
Africa is hemorrhaging over $580 billion every year through corruption and illicit financial outflows, according to the African Development Bank (AfDB), jeopardizing economic growth and worsening the continent’s nearly $2 trillion debt crisis. AfDB President Akinwumi Adesina, speaking in a recent Bloomberg interview, likened the situation to pouring water into a leaking bucket — “It […]
At the 9th Tokyo International Conference on African Development (TICAD 9), Japan unveiled a sweeping initiative to deepen economic ties with Africa, committing $5.5 billion in development loans and announcing the training of 30,000 AI specialists across the continent over the next three years. Japanese Prime Minister Shigeru Ishiba proposed the creation of an “Indian […]
Morocco has successfully established itself as a leading economic hub for Africa through strategic investments and active economic diplomacy, according to African Union Commission President Mahmoud Ali Youssouf. Speaking at a ceremony in Addis Ababa celebrating the 26th anniversary of King Mohammed VI’s accession to the throne, Youssouf highlighted Morocco’s transformative role in continental development. […]
The African Development Bank has approved 100 million euros in financing for Morocco’s inclusive agriculture program targeting women and youth, aiming to enhance food security and climate resilience while creating sustainable rural entrepreneurship opportunities. The Support Program for Inclusive Solidarity Agriculture for Women and Youth (PAASIFEJ) will stimulate entrepreneurship in rural areas through adapted financing […]
Africa’s nuclear power ambitions are receiving renewed momentum, as rising energy demands, climate goals, and investor interest converge. At the recent Africa Nuclear Energy Innovation Summit in Kigali, Rwanda, leaders and experts emphasized nuclear power — particularly S Modular Reactors (SMRs) and micro-reactors — as a promising low-carbon solution for the continent’s energy deficit. International […]
The African Single Electricity Market (AfSEM), an ambitious initiative to unify the continent’s electricity grids, is making substantial strides, according to African Union (AU) officials at a high-level technical meeting in Addis Ababa. AfSEM aims to create a seamless, affordable, and reliable continental electricity market, interconnecting all 55 AU member states. Kamugisha Kazaura, AU Commission’s […]
A new report from the African Development Bank (AfDB) warns that 21 out of 54 African currencies are projected to depreciate against the U.S. dollar in 2025, highlighting continued economic vulnerability across the continent. Major economies like Nigeria, Egypt, Ethiopia, and Ghana are expected to see currency losses of 6% or more, driven by declining […]
Russia significantly boosted its agricultural exports to Africa in 2024 by 19%, reflecting the country’s growing economic influence across the continent amid the continuing war in Ukraine. During the previous fiscal year, Russia’s agricultural exports to Africa surpassed $7 billion, according to a statement released by the Agricultural Export Center (Agroexport), with Egypt, Algeria, and […]
A new report from the African Development Bank (AfDB) underscores Africa’s impressive economic recovery, highlighting the continent’s resilience, growth, and the impact of bold reforms. With a projected GDP growth from 3.2% in 2024 to 4.1% in 2025 and 4.4% in 2026, Africa is now the second-fastest-growing regional economy globally, trailing only Asia. This growth […]