The African Development Bank (AfDB) is inviting private sector organizations in the Central Africa region to reach out with plans for viable projects, now that there’s an additional US$5 billion in funding through the AfDB Enhanced Private Sector Assistance (EPSA) program. Priority projects focus on providing power and connectivity, as…
A high-level meeting in Gabon has African leaders focused on how the continent can provide solutions to the global climate crisis, with President Ali Bongo Ondimba welcoming ministers and delegates from 42 nations as well as United Nations representatives. “In less than three months, the UN Climate Change conference will…
The West African nation of Togo is set to become the home of a new African Center for Coordination and Research in Cybersecurity. The central hub, to be located in Lomé, will serve to collect cybersecurity information and intelligence for the region, in an effort to support a “true African…
As the United States steps up its diplomatic efforts in Africa ahead of a December leaders summit, China is pushing back against claims of Chinese “debt traps” for African nations made by Linda Thomas-Greenfield, the U.S. ambassador to the United Nations, during her African tour on food security. Thomas-Greenfield, who…
President Mokgweetsi Masisi of Botswana, right, served as speaker during a discussion of technology and digital services as part of Wednesday’s opening sessions of the U.S.-Africa Business Summit 2022 in Morocco. Masisi said he welcomed the opportunity to promote African economic development and opportunity, while making a specific case for…
Ghanaian politicians took to the airwaves on Monday, defending their decision to work toward an International Monetary Fund financing deal in order to pull out a country mired in economic crisis. “Times are hard globally and locally too,” said information minister Kojo Oppong Nkrumah, in one of several media interviews…
Another €600 million is headed to African nations as well as other parts of the world, after the European Commission approved additional food security aid it says is needed because of the Russia-Ukraine conflict. The humanitarian assistance will come from the reserves of the European Development Fund, according to Ursula…
Civil society organizations in Ghana are stepping up their opposition to the Agyapa Royalties deal advanced by President Nana Akufo-Addo, which would set up an offshore company in the Channel Island tax haven of Jersey. The deal, approved by parliament in 2018, was established by the Minerals Income Investment Fund…
Two members of the Gupta family, wanted in South Africa in connection with a years-long “state capture” corruption investigation involving multiple entities and officials, have been taken into custody in the United Arab Emirates (UAE). The arrest of Rajesh and Atul Gupta was confirmed late Monday by the Ministry of…
Officials in the United States say they’ve completed the forfeiture process on an estimated US$3.5 million in property held by former Gambian leader Yahya Jammeh, and now will move forward in returning the value of those assets to the Gambian nation. The final judgment on property Jammeh owned in suburban…
President Alassane Ouattara of Côte d’Ivoire has announced US$2.3 billion in funding for the Abidjan Initiative, a five-year plan to combat land degradation and deforestation in the West African nation. Ouattara presented the launch of the program during opening remarks at the 15th Conference of the Parties to the Convention…
The economic recovery that has followed COVID pandemic impacts in sub-Saharan Africa has been disrupted by the impacts of war in Ukraine, with the International Monetary Fund (IMF) now trimming back its 2022 projected growth estimates to a slower 3.8%. “The Russian invasion of Ukraine has triggered a sharp rise…
The Central African Republic has become the first nation in Africa to adopt Bitcoin as an official currency, saying the move will put the C.A.R. “on the map of the most courageous and visionary countries in the world.” President Faustin-Archange Touadéra announced the decision in a statement, welcoming the news…
President Dénis Sassou N’Guesso of the Republic of Congo was in Italy on Thursday to discuss partnership on energy between the two nations, one that centers on a new deal supported by oil major Eni to increase the supply of gas from the African nation. “The Italian government is pushing…
British Home Secretary Priti Patel continued to defend the United Kingdom’s decision to send immigrants to Rwanda, a deal that’s come under deep criticism for essentially outsourcing its responsibilities to asylum seekers. “The UK-Rwanda partnership is the type of international cooperation needed to make the global immigration system fairer, keep…