First Independent Mena Newspaper
Economic leadership that was long concentrated in the West has decisively shifted towards emerging economies, whereby this historic global shift in trade and power is redefining Africa’s role in the world economy, says a new book ‘West to East: A New Global Economy in the Making’. Its author, economist Arno van Niekerk, described in a […]
While global powers scramble for Africa’s critical minerals, Singapore is quietly charting a different path — targeting the continent’s carbon credits to meet its climate goals and become Asia’s carbon trading hub. The city-state, constrained by its small size and lack of natural resources, has limited scope to develop large-scale carbon offset projects domestically. Instead, […]
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 […]
The United Nations has predicted, in its annual report on food security and nutrition, that Africa will overtake Asia as the continent with the highest number of people experiencing hunger by 2030. Five UN agencies have warned in the new report there was a “clear trend” of rising prevalence of undernourishment in the continent, which […]
The European Union remains the world’s biggest contributor of ‘Aid for Trade’, committing over €18 billion in 2021, with Africa being the largest recipient of EU Collective Aid for Trade, followed by Asia and Europe, according to the latest EU Aid for Trade Progress Report. This amount represents 47% of all Aid for Trade originating […]
Fresh allegation has resurfaced in Nigeria that Chinese firms operating in the West African country employ prisoners from China, but although the validity of the rumor is questionable, the presence of large numbers of Chinese workers laboring on infrastructure projects built by Chinese companies is one of the most controversial aspects of China’s economic engagement […]
Over the past two decades, Africa’s trade partnerships have significantly shifted away from Europe, with Asia emerging as the primary trading partner, a recent analysis by Mo Ibrahim Foundation noted, whereby this development is underpinned by high‑growth corridors both between African regions and with regions beyond including Asia and the Middle East, according to a […]
In their post-Covid recovery plans, East African countries are promoting niche products, such as cruise, adventure, culture and sports tourism, in emerging tourist markets such as China, in a strategy expected to spur growth in the sector. To reduce over-reliance on traditional source markets in Europe and the United States, East African countries are shifting […]
The number of endangered rhinos poached in Namibia reached the highest level on record in 2022, as twice as many animals — 87 compared to 45 — were killed in 2021, official government data showed on Monday (30 January). Africa’s rhino population has been decimated over the decades to feed demand for rhino horn, which, […]
King Mohammed VI, of Morocco, received on Tuesday at the Rabat Royal Palace, nineteen new ambassadors to be positioned in several capitals in Europe, Africa, Oceania, Asia, and Latin America. The Sovereign handed the new ambassadors, among whom three women, their appointment dahirs, before they were sworn in before him. Former finance and […]