Beijing fires back at Tillerson’s China-Africa remarks

Beijing fires back at Tillerson’s China-Africa remarks

China has fired back at the United States after claims by U.S. Secretary of State Rex Tillerson that Beijing’s approach to African development is one of dependency and indebtedness. Tillerson, now in Ethiopia as he begins a five-nation African tour, made the remarks prior to departing the U.S. “We partner…

Japan commits USD$700 million to African Development Fund

In a first for Japan, the country’s International Cooperation Agency (JICA) has signed a new loan agreement with the African Development Fund to provide USD$700.9 million to address poverty and support economic growth. “We hope the loans and grants will be used effectively to improve economic and social conditions of…

Philanthropist Gates weighs in on Trump, foreign aid policy

For this year’s annual letter, Bill and Melinda Gates took on 10 tough questions people ask about their philanthropy work. Here’s what the Microsoft founder, shown here in Tanzania, said about President Donald Trump and the impact on United States foreign aid policies: How are President Trump’s policies affecting your…

Namibia tightens up on travel, troops amid economic woes

A budget crisis in Namibia has forced the suspension of all international travel for ministers and elected officials through the end of February. It’s the latest announcement from President Hage Geingob as the southwestern African nation tightens up on government spending. “This directive is specifically in the interest of curtailing…

Will Africa’s Davos delegates walk out on Trump?

African participants attending the World Economic Forum have been promoting the continent’s development success and business opportunities – but come Friday afternoon, they may be promoting a protest walkout too. President Donald Trump of the United States is expected to speak at 2 p.m. at Davos, and there’s already a…

Mauritius to support farmers hard-hit by cyclone flooding

Electricity has been restored, water supply is intact and officials on Mauritius have identified roads and drainage systems needing repair because of Cyclone Berguitta – but food supply remains a problem in the short term. Heavy rainfall impacted farmers and about 75 percent of local vegetable production, said Mahen Kumar…

AfDB touts agriculture, infrastructure in new African Economic Outlook report

Infrastructure investment remains at the core of African economic development, says Akinwumi Adesina, president of African Development Bank (AfDB), as the bank rolls out its 2018 African Economic Outlook. “Infrastructure, when well managed, provides the financial resources to do everything else,” said Adesina, speaking from the bank’s headquarters in Abidjan, Côte…

U.S. sanctions list adds exiled Gambian Jammeh, DRC-linked Gertler

Former president Yahya Jammeh of The Gambia and international businessman Dan Gertler, implicated in corrupt mining and oil deals in the Democratic Republic of Congo, are among 13 individuals added to a United States Department of Treasury list of those subject to imposed economic sanctions under the government’s Magnitsky Act. “Treasury…