€139m loan to boost youth employment in Côte d’Ivoire
The African Development Bank (AfDB) Group has approved loans totaling €139.68 million to support youth employment and entrepreneurship in Côte d’Ivoire, targeting key sectors with high job creation potential. The loan comprised of €126.32 million from the bank’s commercial development window and €13.36 million from its concessional lending arm, the African Development Fund, will help […]
World’s top arms producers see revenues rise
Revenues from sales of arms and military services by the 100 largest companies in the industry reached $632 billion in 2023, a real-terms increase of 4.2 per cent compared with 2022, according to new data released today by the Stockholm International Peace Research Institute (SIPRI). Arms revenue increases were seen in all regions, with particularly […]
Dangote: Businesses should lead Africa’s transformation
The president and chief executive of the Pan-African conglomerate, Dangote Group, Aliko Dangote, has called on African business leaders to take the lead in transforming the continent. Speaking at the just concluded African Renaissance Retreat held in Kigali, Rwanda, Dangote pointed out that despite significant challenges besetting Africa, its youthful population and abundant resources, including […]
Africa faces massive poverty and economic hardship
By NJ Ayuk, Executive Chairman African Energy Chamber Organizations ranging from the World Bank to the European Investment Bank (EIB) have dropped support for African fossil fuel production in hopes of encouraging a transition from oil, gas and coal to sustainable energy sources like wind and solar power. Now there are legitimate concerns that investor […]
Private businesses complicit in evictions of Maasai
Since 2009, private businesses have been complicit in forced evictions of Maasai Indigenous communities from their ancestral lands in Loliondo by Tanzanian authorities, Amnesty International said today in a new report. The new report, ‘Business as usual in bloodied land? The role of businesses in forced evictions in Loliondo, Tanzania’, details how Otterlo Business Corporation (OBC), a trophy […]
Liberia’s unhappy birthday
By Seltue Karweaye Liberia has an estimated population of over 5 million, which provides a rich source of skilled and unskilled labor, making it an attractive prospect for global trade. Furthermore, the country is abundant in mineral resources and possesses some of the largest mineral reserves in sub-Saharan Africa. Despite its abundant resources such as […]
Liberia’s legislative projects: The plunder continues?
By Seltue Karweaye The people of Liberia have been severely impacted by lawmakers’ excessive greed. The country’s legislative budget has swelled from US$9.4 million in 2006 to an alarming US$67.9 million in 2023. Shockingly, the approved 2024 budget is not accessible to the public, leaving us in the dark about the allocations to the national […]
Top concerns of South African voters
The most urgent problems that South Africans want their government to address are unemployment, unreliable electricity supply, and corruption, according to a new Afrobarometer telephone survey ahead of general elections on 29 May. Citizens also cite economic issues including inflation, poverty, and management of the economy. As citizens prepare to go to the polls, a […]
Liberia: Joseph Boakai, a president in need of help
By Seltue Karweaye Liberian President Joseph Nyumah Boakai has clocked 100 days in office. He took the oath of office on January 22. Commentators, analysts, political observers and politicians have busied themselves dissecting the president’s performance in office, particularly his major decisions and policy options. Many have also commented on the achievements recorded and the […]
Bahamas hosts AfriCaribbean trade forum
Bahamas and African Export-Import Bank (Afreximbank) today signed the Agreement for The Bahamas to host the 31st Afreximbank Annual Meetings (AAM) and the third edition of the AfriCaribbean Trade and Investment Forum (ACTIF). The AAM will be held in Nassau, The Bahamas, from June 12-14. Professor Benedict Oramah, President and Chairman of the Board of Directors, […]
