Africa Finance International

Kenya, Ghana, Ethiopia struggling to deal with high inflation

Fuel prices soar to record levels as subsidies were removed in Kenya, while inflation in Ethiopia and Ghana hit record high — in both countries about 44%. In Kenya, fuel prices have risen once again after the government partially removed subsidies that cushioned consumers from the global hike in oil prices. The energy regulator said […]

Africa International

Ethiopia’s Tigray rebels offer conditional truce, agree to AU-led peace process

Tigrayan rebels from Ethiopia’s northern region called for an “immediate” cease-fire Sunday (11 September) and said they would accept a peace process with the federal government led by the African Union (AU) after three weeks of renewed fighting ended a fragile truce. In a statement to mark the beginning of the Ethiopian new year, the […]

Business Emerging Markets

Google’s Black Founders Fund to empower female entrepreneurs in Africa

Unlike in 2021, this year, Google is funding an equal number of men and women-founded startups through its Black Founders Fund, which embodies the tech giant’s commitment to invest in Black entrepreneurs in Africa. Google started its Black Founders Fund following the wave of concern in 2020 after the George Floyd protests in the US […]

Africa International

Escalating Tigray war: UNICEF condemns deadly attack by Ethiopian forces

UNICEF has condemned an air strike by Ethiopian forces in the Tigray region which locals say hit a kindergarten called Red Kids Paradise, killing four people including two children, a claim that was denied by the federal government. The federal government denied the allegations saying the air force only targeted military sites and accused Tigray […]

Business Finance

China pledges to waive some Africa loans to defy debt-trap diplomacy claims

China has announced plans to waive 23 interest-free loans to 17 African countries that were due in 2021 amid a growing rivalry with the West and accusations that it is creating “debt traps” on the continent. The relief was announced on 18 August in an address to Chinese and African diplomats at a follow-up meeting […]

Africa International

UN-chartered food aid cargo ship readies to sail from Ukraine to Ethiopia

The United Nations-chartered ship Brave Commander will shortly set sail from Ukraine bound for Africa after it finishes loading more than 23,000 metric tonnes of wheat in the Ukrainian port of Pivdennyi, a UN official said. The ship, which arrived in the port near Odessa, will sail to Ethiopia via a grain corridor through the […]

Africa Headlines International

Africa’s first global climate investor roadshow ahead of COP 27 held in Ethiopia

Ahead of COP27 to take place in Egypt in November 2022, the first African Regional Roundtable on Climate Initiatives took place  July 1-3 in Ethiopia’s capital, focusing on how to chart a new and sustainable economic model, accelerate financial flows to the projects needed to reduce emissions, build climate resilience, and advance the 2030 Sustainable […]

Africa International

Ethiopia crisis: US, EU urge govt. to restore services in conflict-torn Tigray

Ethiopia’s government should resume essential services in the conflict-torn Tigray region in the north of the country, the United States and European Union envoys for the Horn of Africa have said, after a rare visit to the war-torn region facing dire conditions. Tigray, a region in the north of the country, has been struggling to […]

Africa International

Tug-of-war: West and Russia vying for influence in Africa

French President Emanuel Macron and Russian Foreign Minister Sergey Lavrov are each visiting several African countries this week in what is widely seen as a tug-of-war over zones of influence on the continent. Speaking during a visit to Ethiopia, Lavrov on Wednesday (27 July) criticized the reliance of the global economy on the US dollar, […]

Africa Europe International

Russia in Africa: Lavrov courts Congo, Uganda in quest for more non-Western allies

Following a visit to Egypt and the Republic of Congo, Russian Foreign Minister Sergey Lavrov has now (26 July) arrived in Uganda as Moscow aims at strengthening its ties with the continent. Uganda’s President Yoweri Museveni has a long history of balancing strong relations with Western allies and good ties with Moscow. Lavrov has earlier […]