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март
03

African Film and TV Boosting Tourism and Economic Growth

 In recent years, the African continent has emerged as a vibrant hub for the film and TV industry, driving significant economic growth and an upswing in tourism. Among African nations, South Africa has become a pivotal destination, not just for viewers seeking authentic storytelling, but also for international production companies aiming to ca...

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март
03

Mining Multinationals are Learning to do Business with Juntas

 In a significant development for the mining industry, Barrick Gold, the world's second-largest gold producer, has successfully negotiated an agreement with Mali's government. This resolution brings an end to a prolonged dispute that lasted nearly two years and had severely impacted mining operations, which are crucial for Mali as they account...

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март
03

South Africa Leads Africa's Nation Brand Value Ranking in 2025

 In an exciting revelation from the Brand Finance 2025 report, South Africa emerges once again as Africa's most valuable country brand. With a remarkable brand value of $215 billion, South Africa has witnessed a commendable 3.3% increase compared to the previous year, solidifying its position at the top of the continent's brand value ranking. ...

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фев
27

Africa’s Top 10 Currencies in February 2025

Strong currencies offer numerous fiscal advantages, including lower inflation, increased investments, improved trade opportunities, and strong buying power. Africa is home to some countries with the strongest currencies in the world, thanks to its many fast-emerging economies. These currencies are not just symbols of monetary stability but also ind...

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фев
26

DRC Halts Cobalt Exports to Stabilize Market

 In a decisive move to restore balance to the international cobalt market, the Democratic Republic of Congo (DRC), which stands as the world's largest producer of this strategic metal, has implemented a temporary ban on its export. Spanning at least four months, this export suspension aims to address the current market oversupply that has prec...

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  140 просмотров
фев
26

A Historic Moment: The Dawn of Peace in Casamance

 In a momentous turn of events, Senegal's government and the Movement of Democratic Forces of Casamance (MFDC) have signed a historic peace agreement, signaling the end of a four-decade-long conflict. This landmark accord, skillfully brokered by Guinea-Bissau's President Umaro Sissoco Embalo, marks the beginning of a new era of harmony and uni...

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  137 просмотров
фев
23

AfDB Announces Five Candidates for Presidential Election

 In a noteworthy announcement, the African Development Bank (AfDB) has revealed five candidates competing in its upcoming presidential election, slated for May 29, 2025. This election is of great significance as it will determine the successor to the current president, Akinwumi Adesina, whose tenure concludes in May 2025. The candidates vying ...

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фев
21

AfDB Predicts Stronger Growth for the African Economy in 2025

 The African Development Bank (AfDB) has projected a promising 4.1% growth rate for the African economy in 2025, showing improvement from the 3.2% growth recorded in 2024. This anticipated growth is attributed to several factors, including widespread economic reforms in multiple countries, easing inflationary pressures, and improved debt manag...

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фев
19

Nigeria Eyes Deeper Middle East Collaboration Amid Rising Forex Reserves

 Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), has called for stronger economic cooperation between Nigeria and the Middle East. Cardoso made this call while attending the inaugural "Emerging Markets Economies Conference" in Saudi Arabia. He held discussions with Talal Al-Humond of the Saudi Central Bank to explore mutual...

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18

Togo’s Ruling Party Sweeps Upper House Election Following Opposition Boycott

 President Faure Gnassingbé's Union for the Republic, Togo's ruling party, has secured 34 out of 41 seats in the country's newly formed Senate, per provisional results. The election, which took place on Saturday, saw municipal and regional councilors vote for 41 members of the 61-seat chamber. Gnassingbé will appoint the remaining 20 seats as ...

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фев
16

Africa to Launch Own Credit Rating Agency to Improve Assessments

 In a significant step towards reshaping the continent's financial future, Africa is set to launch its own credit rating agency, the Africa Credit Rating Agency (AfCRA), in June 2025. This groundbreaking initiative is being established to combat perceived biases in global credit ratings, which many African leaders argue have consistently under...

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  142 просмотров
фев
15

China Expands African Space Alliances as US Interest in Continent Wanes

 On the outskirts of Cairo, Egypt's new satellite lab—initially celebrated as Africa's first homegrown facility—now reveals a significant Chinese presence. Although touted as a milestone in local satellite production, most equipment and components are imported from Beijing, with Chinese scientists guiding assembly and training Egyptian enginee...

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  137 просмотров
фев
15

Zimbabwe Commits $40 Million to $146 Million Farmer Compensation Plan

 Zimbabwe's government has announced plans to compensate 94 foreign white farmers affected by its controversial early-2000s land reforms. Finance Minister Mthuli Ncube confirmed that the government will pay the farmers $20 million from the 2024 budget and an additional $20 million from the 2025 budget. These farmers are protected under Bilater...

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фев
13

African States Look to EU for Support Amid Trump’s Drastic Aid Cuts

 President Trump's executive orders to withdraw from the WHO and shut down USAID are forcing African nations to reconsider their traditional aid partners. With the US drastically reducing its financial contributions to global health, climate, and development, Africa now faces a significant funding gap amid worsening climate impacts and health ...

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  123 просмотров
фев
13

Egypt Tells Rubio: Arab States Reject Trump’s Plan to Displace Gaza’s Palestinians

 Egyptian Foreign Minister Badr Abdelatty has communicated the Arab states' unequivocal rejection of President Donald Trump's plan for Palestinians to the US Secretary of State Marco Rubio. Trump has, in recent times, suggested that Palestinians be relocated from Gaza to neighboring Egypt and Jordan with no right of return.  Trump's plan ...

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фев
11

Dangote Refinery Set to Reach Full Capacity in 30 Days

 The Dangote Oil Refinery, the largest in Africa, is expected to achieve full capacity operation within 30 days, according to the refinery's vice president, Edwin Devakumar. The facility began operations in January of last year and currently operates at 85% capacity. Initially, the refinery processed diesel, naphtha, and jet fuel, but it expan...

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фев
11

Sam Nujoma Namibia's First President Dies at 95

 Samuel Nujoma, a pivotal figure in Namibia's struggle for independence, has passed away at the age of 95. As a freedom fighter, Nujoma was instrumental in the liberation of Namibia from South African occupation. As the founding leader of SWAPO, he worked tirelessly to unite Namibians and bring international attention to the fight against apar...

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фев
07

Bright Red River Outside Buenos Aires Sparks Fears of Pollution

The Sarandi River, flowing through poverty-stricken and industrial areas, has become a source of concern due to its alarming transformation. These regions house several factories that operate hazardous waste incinerators, raising fears of possible contamination.  Local resident Maria Ducomls recounted waking up to an overpowering smell of smok...

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  114 просмотров
фев
06

Trump’s WHO Withdrawal Endangers Africa’s Health Programs and Global Stability

 President Trump's decision to withdraw the US from the World Health Organization—and the accompanying pause in funding—is expected to have profound consequences for health in Africa. Washington is the WHO's largest donor, providing about 18% of the organization's budget. Consequently, the loss of US funds threatens critical health programs, i...

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фев
05

Egypt and Palestine reject Trump's plan to relocate Palestinians

 Palestine and Egypt have both rejected President Trump's proposal that the displaced Palestinians in Gaza be permanently resettled outside the war-torn territory. While visiting Cairo, top Palestinian officials together with Egypt's foreign minister swiftly rejected and denounced on Wednesday the US proposal that also seeks to take "ownership...

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