Ramaphosa takes up AU presidency with an economic focus

Ramaphosa takes up AU presidency with an economic focus

South African President Cyril Ramaphosa stepped into his new leadership role as African Union president on Sunday, taking the helm from outgoing President Abdel Fattah al-Sisi of Egypt as the AU Summit got under way. Ramaphosa kept security issues top of mind in keeping with the AU Summit theme – South…

Kenyatta says U.S. trade deal won’t undermine AfCFTA

Kenyatta says U.S. trade deal won’t undermine AfCFTA

The president of Kenya said Friday that a new bilateral trade deal with the United States won’t threaten the African Continental Free Trade Agreement (AfCFTA) or reduce the country’s commitment to the African common market. President Uhuru Kenyatta met with U.S. President Donald Trump at the White House on Thursday…

Liberia gets $35 million in renewable energy funds

Liberia gets $35 million in renewable energy funds

Liberia’s clean-energy plans are getting a boost from the African Development Fund, which has approved a $34.7 million grant and loan package to improve renewable energy access and promote investment in the West African nation. Renewable Energy for Electrification in Liberia, the first project, has been awarded more than $33…

Benin’s Talon talks security, development during U.S. visit

President Patrice Talon of Benin met with United States diplomats and World Bank executives during his trip to Washington D.C., with his discussions focused on investment and the West African nation’s economic development. Talon also met with U.S. Secretary of State Mike Pompeo on Tuesday to discuss regional security cooperation…

TI report finds ‘bleak picture’ on Africa’s corruption

Sub-Saharan Africa again was the world’s lowest-ranking region in the 2019 Corruption Perceptions Index, released Wednesday by the Transparency International (TI) organization based in Berlin, Germany. The report painted “a bleak picture of inaction against corruption,” the NGO said, with some countries –  Liberia, Madagascar and Malawi among them –…

Climate change, tech access drive global income inequality

People living in the European Union have an average income that’s 11 times higher than that of sub-Saharan Africa, and the disparity grows to 16 times higher when compared with North Americans. That’s according to the new World Social Report, presented Tuesday by United Nations Chief Economist Elliot Harris and…

Botswana’s Masisi talks African economy at Davos

The leaders of Botswana and Netherlands were featured during a high-level panel on Africa at Davos on Tuesday, as the annual World Economic Forum continues in Switzerland. President Mokgweetsi Masisi emphasized the power of African youth, its growing cities and economies, and the potential that a unified market under the…

Kenya launches green bond at UK-Africa investment summit

President Uhuru Kenyatta rang the bell to begin trading at the London Stock Exchange (LSE) on Monday, as part of the launch of Kenya’s first green bond in conjunction with his visit to the UK-Africa Investment Summit 2020. The US$40 million bond by Acorn Holdings, a property development firm based…

Tshisekedi meets with pope, heads to UK investment summit

President Felix Tshisekedi completed his visit with Pope Francis at the Vatican on Friday before heading on an official visit to the United Kingdom. The president of Democratic Republic of Congo discussed the country’s Framework Agreement with the Vatican, while emphasizing the role the influential Roman Catholic Church has played…