Nearly USD$62 million for women in business is headed to the African continent, after the Women Entrepreneurs Finance Initiative (We-Fi) announced on Monday its funding allocation for the African Development Bank and its own women-focused programs. The funding through AfDB’s Affirmative Finance Action for Women in Africa (AFAWA) will be…
United Nations Secretary General António Guterres says the African continent needs a “quantum leap” in climate change and development funding – especially so because we are not, Guterres said, winning the battle against climate change impacts. “The African continent practically does not contribute to climate change, but the African continent…
President of Mozambique Filipe Nyusi met with Christine Lagarde, the head of the International Monetary Fund (IMF) as they attended the Belt and Road Forum in Beijing. She assured him that a USD$118 million loan, approved by the IMF last week to support recovery from Cyclone Idai impacts, reflects the…
Sudan and Nigeria are among countries in the world where economic growth already has been most damaged by global warming, according to new research from Stanford University in the United States. The research, published this week in the Proceedings of the National Academy of Science (PNAS), also listed Brazil, India…
China will welcome African leaders to Beijing next week for the second Belt and Road Forum for International Cooperation, but ahead of the event it also welcomed praise from the United Nations Economic Commission for Africa (UNECA) on how the Belt and Road Initiative can boost African jobs. “The positive…
An investigative report from Global Witness accuses a high-ranking though disreputable military leader in Democratic Republic of Congo of acquiring illegally traded timber licenses in a matter of days, and then selling the associated company to a Chinese timber kingpin already operating in the country. General Gabriel Amisi Kumba is…
About 1.6 million children impacted by Cyclone Idai in southeast Africa are in dire need of assistance, the United Nations Children’s Fund (UNICEF) said Saturday in an international appeal for help. The storm affected one million children in Mozambique, another 443,000 in Malawi and 130,000 in Zimbabwe, UNICEF said, adding…
Zimbabwe is moving forward with a process to compensate former farm owners whose land was taken from them because they were white during the country’s fast-track land reform program (FTLRP). “The registration process and the list of farmers should be completed by the end of April 2019, after which the…
The government of eSwatini says it’s waiting to see more evidence that King Mswati III is in possession of USD$30 million, allegedly sent to South Africa by former Libyan leader Muammar Gaddafi before his 2011 death and then later shipped from South Africa to his nation. Spokesman Percy Simelane told…
China is again denying any untoward economic goals in Djibouti and other African nations, as Beijing gets set to host the next Belt and Road Initiative forum in April. Chinese Ministry of Foreign Affairs spokesman Geng Shuang, speaking at Wednesday’s daily press briefing, responded to questions on how China’s investment…
World Bank Group announced Thursday it is providing USD$22.5 billion to Africa for climate mitigation and adaptation across five years beginning with 2021, adding to the $17 billion already committed through the Africa Climate Business Plan. The announcement was made during the One Planet Summit in Nairobi, with President Uhuru…
The Federal Aviation Administration in the United States says that new information from sophisticated monitoring systems, as well as insights from the crash site of Ethiopian Airlines Flight ET302, led to its decision Wednesday to ban Boeing 737 MAX8 and MAX9 flights in the U.S. The FAA grounded all flights…
Amid the global aviation chaos caused by the grounding of Boeing 737MAX aircraft in the wake of Sunday’s Ethiopian Airlines tragedy, comes the news that a software upgrade planned for the planes is delayed because of a 35-day United States government shutdown in December and January. The Wall Street Journal…
The cost of remittances for African migrants was the focus of a three-day meeting in Ghana, as the International Organization for Migration (IOM) and other stakeholders looked at how to improve access. While the money sent home to families in sub-Saharan Africa is on the rise, the cost to transfer…
While the European Union has declined to impose additional sanctions against Zimbabwe, there remains much concern over human rights and democratic principles amid the country’s economic and political crisis. “We have seen a crackdown on demonstrations in January – just a month ago – as well as the disproportionate use of force by…