Ethiopia has secured a $1 billion funding package from the World Bank to support its ongoing economic reform programme and boost economic growth, the country’s Ministry of Finance announced on …
Africa
- AfricaDevelopmentEastern AfricaEconomyEthiopiaFinance & ServicesGOVERNMENTInternational Relations
- AfricaEconomyInternational RelationsMarketsPoliticsSouth Africa
South African Rand Gains as Trump Extends Tariff Deadline on U.S. Trade
South Africa’s currency, the rand, made a slight recovery in early trading on Tuesday after hopes emerged that the country could still negotiate a less severe trade agreement with the …
- AfricaDevelopmentEconomyEgyptInfrastructureInternational RelationsINVESTMENT
Can Egypt’s New Capital Project Prove Critics Wrong?
Egypt is moving forward with its New Administrative Capital (NAC), a multi-billion-dollar mega city project meant to reduce pressure on Cairo and become the country’s new political and economic centre. …
- AfricaEconomyInternational RelationsINVESTMENTPoliticsTrade and Commerce
China Defends BRICS as AU Rallies Behind AfCFTA in Response to Trump’s Tariff Threat
Tensions are rising on the global economic stage as China has come out in defence of the BRICS alliance, saying the group is not seeking confrontation, following threats by former …
- AfricaAgricultureBanking, Finance & InvestmentDevelopmentLeadership
World Bank Appoints Togolese National Farouk Mollah Banna
The World Bank has announced the appointment of Farouk Mollah Banna, a Togolese-American expert, as its new Resident Representative in Chad. Banna is expected to play a leading role in …
Jumia Technologies, one of Africa’s most well-known e-commerce companies, is reportedly attracting acquisition interest from Mauritius-based telecom and fintech giant, Axian Telecom, as the online retailer struggles with deepening financial …
- AfricaGOVERNMENTInternational RelationsINVESTMENTPoliciesPoliticsTrade and Commerce
Trump Invites Five African Presidents to Washington, Snubs Nigeria
United States President Donald Trump is set to host the leaders of five African countries at the White House next week for high-level discussions on trade and investment, but Africa’s …
- AfricaAFRICA NEWSDevelopmentEnergyGOVERNMENTInfrastructurePoliciesTANZANIA
Tanzania Moves Forward With Nuclear Energy Plan
The Ministry of Energy has begun taking initial steps to implement President Samia Suluhu Hassan’s directive to introduce nuclear energy as part of Tanzania’s long-term plan for electricity generation. The …
- AfricaAFRICA NEWSCrimePolitics
Gambian Media Submit Key Video Evidence in High-Profile Police Shooting Trial
Three prominent Gambian media outlets—QTV Gambia, Kerr Fatou, and The Fatu Network—have submitted crucial video evidence before the High Court in the ongoing trial of Ousainou Bojang and Amie Bojang, …
National Unity Platform (NUP) president Robert Kyagulanyi, popularly known as Bobi Wine, has once again taken aim at Uganda’s ruling establishment, accusing it of orchestrating systematic political violence, betraying its …