Africa Headlines International

Accra to host Global Students COP27 Pre-Summit

The Ghanaian capital Accra will host this October 10-14 the Global Students COP27 Pre-Summit that would bring together students and young people from 16 countries to help shape policy options to be deliberated at COP27 later in November in Egypt. Delegates from the host country, Honduras, Austria, Sweden, Denmark, the United Kingdom, Pakistan, Latvia, the […]

Business Emerging Markets

A perfect storm: debt crisis looms for Ghana, other emerging economies in Africa

Ghana is a classic case of emerging economies in Africa and other parts of the world who have been caught in a perfect storm and are struggling to service their foreign currency denominated loans owing to a strengthening US dollar, rising global interest rates and that is made worse by their excessive borrowing. Ghana is […]

Africa International

Gabon to chair UN Security Council from October 6

Gabon will assume from October 6 the chairmanship of the UN Security Council and seeks to propose approaches to address current crises that have engulfed the world. The central African country will take charge of the Security Council on the basis of the alphabetical order adopted by global organization to appoint member States. Ali Bongo […]

Business Finance

The African currency rollercoaster ride: struggling against super-strong US dollar

As the global economy sinks into another period of crisis, African currencies are depreciating against the US dollar and rising import costs are adding to inflationary pressures. With around half of all international trade invoiced in dollars, a stronger greenback hurts consumers across the world — including in Africa — that use dollars to pay […]

Energy

Namibia’s dilemma: green energy champion or oil-producing nation

Namibia’s first ‘green hydrogen’ power plant — and also first one being built in Africa — which is expected to begin producing electricity in 2024, presents the southern African country with a dilemma: while Namibia is championing the clean energy, it also announced earlier this month that huge oil deposits had been discovered off its […]

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 Europe International

Mixed legacy: in Africa, not everyone mourns Queen Elizabeth II

As Africa reflects on the legacy of Britain’s Queen Elizabeth II, from Kenya to Nigeria to South Africa, the monarch’s passing has reignited a sensitive debate about Britain’s colonial past in parts of the continent, particularly the queen’s role as head of state during British rule. The death of the British monarch has prompted an […]

Business Emerging Markets

Central African states inked deal to create regional oil, gas pipeline network and hubs

Central African countries have signed an agreement to create a regional oil and gas pipeline network and hub infrastructures which proponents say will strengthen energy supply and reduce dependence on imports of refined products. The deal, inked on Thursday (8 September), aims to construct three multinational oil and gas pipeline systems of around 6,500 km, […]

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

Ozone pollution: scientists look to solve hidden threat to Africa’s food security

The ozone gas can cause substantial losses by quickly aging crops before they reach full production potential and scientists are particularly worried about Africa, which will see more vehicle traffic and waste burning as the population is set to double by mid-century. More vehicle traffic and waste burning means more ozone pollution, a major challenge […]