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март
09

Africa and the Caribbean Strengthen Trade Ties in $2 Billion Push

 Africa and the Caribbean are strengthening economic ties, with trade between the regions expected to reach nearly $2 billion annually in the coming years. The African Export-Import Bank (Afreximbank) has pledged $1 billion in financing to support Guyana's booming oil sector, facilitating partnerships with companies from Ghana, Egypt, and Sout...

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март
07

Медиа-сотрудничество России и Африки: стимуляция совместных проектов

6 марта 2025 года в Государственной Думе Федерального Собрания Российской Федерации состоялся круглый стол «Информационный Мост: Россия - Африка». Мероприятие организовано Экспертным советом по вопросам развития и поддержки всестороннего партнёрствасо странами Африки при заместителе Председателя Государственной Думы РФ А.М. Бабакове и Африканско - ...

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март
06

Nigerian Diaspora Remitted Over $90 Billion in Five Years

 Abike Dabiri-Erewa, Chairperson of the Nigerians in Diaspora Commission (NiDCOM), announced that Nigerians living abroad have remitted over $90 billion in the last five years, providing a substantial boost to the national economy. Speaking at a workshop in Abuja, Dabiri-Erewa emphasized the importance of accurately collecting data on Nigerian...

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март
06

From Serengeti Safaris to Madagascar’s Lemurs Africa’s Ultimate Wild Escapes

 For adventure seekers, Africa provides unparalleled escapades that promise both luxury and intimate encounters with nature. In Tanzania, the Singita Safari Company offers ultra-exclusive lodges adjacent to the renowned Serengeti plains, ideal for those seeking a luxurious safari experience. Travelers can now explore Yemen's Socotra Island, ce...

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  27 просмотров
март
06

Egypt Secures $93M EU Deal to Strengthen Food Security

 In a significant move to bolster its food security, Egypt has successfully procured a soft loan amounting to $93.9 million from the European Investment Bank (EIB). This funding agreement was announced by Egypt's Ministry of International Cooperation, highlighting the strategic importance of enhancing the nation's grain storage and logistics c...

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март
06

Africa’s Agricultural Giants Top 5 Countries with the Most Farmland

 Agriculture is a cornerstone of Africa's economy, playing a critical role in the livelihoods of millions of people across the continent. With agriculture contributing approximately 15.4% to Africa's GDP in 2023, it continues to be a vital sector despite facing significant challenges such as climate change, desertification, and soil degradatio...

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  32 просмотров
март
06

UK Strikes $50M Deal to Boost Trade in Africa

 British International Investment (BII), the development finance arm of the UK government, has teamed up with Ghana International Bank (GHIB) in a $50 million trade finance agreement. This partnership is aimed at supporting businesses across seven African countries: Sierra Leone, Liberia, The Gambia, Benin, DR Congo, Rwanda, and Tanzania. The ...

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  29 просмотров
март
06

China Won't Replace USAID in Africa Despite U.S. Aid Cuts

Введите какой-нибудь текст ... China's growing presence in Africa has been amplified by the Trump administration's decision to freeze billions in foreign assistance. However, experts argue that China's involvement won't serve as a direct replacement for the long-established programs of USAID. While China seeks to establish itself as a trusted partn...

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  34 просмотров
март
06

Ethiopia’s New Four-Runway Airport to Be Africa’s Largest

 Ethiopia is constructing Africa's largest airport, a four-runway facility near Bishoftu, 25 miles from Addis Ababa, expected to serve 110 million passengers annually. The "Mega Airport City" is set to cost £6 billion for its first phase, with completion anticipated by 2029.  Ethiopian Airlines' CEO, Mesfin Tasew, highlighted the ambitiou...

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март
03

New Andrée Blouin Prize Honors African Revolutionary Women in Literature

 Introducing the Andrée Blouin Prize: a groundbreaking initiative celebrating the incredible contributions of African women writers. This prize specifically shines a spotlight on those who explore themes of history, politics, and current affairs from a leftist perspective, enriching the literary landscape with their nuanced narratives. Named a...

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  32 просмотров
март
03

Cairo's Renovation Scene Balancing Modernity and Heritage in Downtown Flats

 Cairo, an iconic city known for its rich history and vibrant culture, is undergoing a transformative phase as the push to modernize its historic properties gains momentum. The city's downtown area is becoming a battleground where modernity meets heritage, with a keen focus on preserving Cairo's timeless aesthetic while embracing contemporary ...

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  24 просмотров
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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  33 просмотров
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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  31 просмотров
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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март
03

High Remittance Costs Burden Sub-Saharan Africa Despite Tech Advancements

 Sending money to sub-Saharan Africa remains a significant financial burden for many families, particularly those dependent on remittances from relatives living abroad. As of mid-2024, the average remittance fee stands at a staggering 8.37% per transaction. This percentage is not just a number; it represents a profound challenge for low-income...

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фев
28

AfriForum's Disinformation Campaign: A National Betrayal

AfriForum's Disinformation Campaign: A National Betrayal Introduction In early 2025, South Africa faced heightened tensions as AfriForum, an Afrikaner rights organization, engaged in a disinformation campaign in Washington, DC This campaign aimed to influence US policy by portraying South Africa's land reform efforts as violent and discriminatory a...

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фев
27

Trump Axes Decade-long Africa Electricity Initiative

 United States President Donald Trump has officially ordered the dismantling of Power Africa, a USAID-operated initiative launched in 2013 to enhance electricity access across Africa. This move signals the abrupt end of a program that, over the past decade, had played a pivotal role in bridging the continent's energy access gap, benefitting mi...

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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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  39 просмотров
фев
27

Nigeria Marks its Strongest GDP Growth in Three Years

 In the fourth quarter of 2024, Nigeria's GDP surged by 3.84% year-on-year, marking its strongest growth in three years. This rebound was largely driven by a 5.37% expansion in the services sector, pushing full-year growth to 3.40%, up from 2.74% in 2023. Although this impressive performance falls short of President Tinubu's ambitious 6% targe...

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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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