World Bank commits $22.5 billion more to Africa for climate change

World Bank commits $22.5 billion more to Africa for climate change

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…

EU holds back on new Zimbabwe sanctions but warns it’s watching

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…

Ahead of EU review, the clash over Zimbabwe sanctions

South Africa has issued the latest appeal to the international community to lift longstanding sanctions imposed on Zimbabwe in order to alleviate pressures contributing to its economic and political crises. “Zimbabwe has been going through a challenging socioeconomic situation, which has inadvertently had an impact on South Africa. We have…

Africans continue to lead the way on mobile money

Africa is leading the way with mobile money accounts, and its sub-Saharan countries are the only region in the world where more than 10 percent of adults have such access. In some places, including Tanzania and Côte d’Ivoire, that’s more people than have a traditional bank account. That’s according to…

U.S. files criminal charges against Huawei CFO Meng

The United States on Monday announced criminal charges are filed against Chinese telecom giant Huawei, including relevant subsidiaries and executives, because of alleged violations of U.S. sanctions against Iran and related financial crimes. The Department of Justice filing targets Huawei CFO Meng Wanzhou among them: She is charged with bank…

Masisi returns from Botswana’s first-ever trip to Davos

President Mokgweetsi Masisi returned to Botswana at the weekend, after the southern African nation was invited to participate in the World Economic Forum at Davos for the first time – and he said there was “a lot of excitement” when the delegation told the Botswana story. “We met a whole…

Talking African economy at Davos: The AfCFTA and a unified market

When it comes to a unified African market – the topic of Tuesday’s panel discussion at the World Economic Forum in Davos – Bernard Gautier, deputy CEO of French investment firm Wendel Group, made it easy to see the existing barriers to business and Africa’s economic growth. There’s an office…

Laureen Fagan

Laureen is the editor of Africa Times

Angola: It’s time for effective action from João Lourenço

By Miguel Sanz João Lourenço has been president of Angola since September 2017. About one year later, he cemented his hold on power by taking over the chairmanship of the ruling Movimento Popular de Libertação de Angola (MPLA). Although he reshuffled the government, for instance by replacing the transport minister, and the…