• Africa: True cost of fake electrical goods trade

    Wednesday, November 20, 2024

    Financial pressures in South Africa and across Africa have led to a surge in demand for cheaper products, creating a lucrative market for counterfeiters. This has even extended to electrical goods which have infiltrated between 40% to 80% of markets on the continent, posing a potentially lethal risk to millions of consumers. At best, they […]

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  • Facilitating Japanese investment in Africa

    Sunday, November 17, 2024

    With a mission to scale investment in Africa, a new collaboration between Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, and the Japan Institute for Overseas Investment (JOI), established by the initiative of the Japan Bank for International Cooperation (JBIC), is set to embark on a series of initiatives to facilitate capital flows. […]

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  • Collaboration can reduce Africa’s supply chain issues

    Monday, November 11, 2024

    Most of Africa’s trade is carried out via sea routes. Geopolitical conflicts, however, including the war in Ukraine and attacks on commercial shipping vessels in the red sea, have caused detours and delays, impacting on maritime trade to and from Africa. This new wave of disruption follows the unprecedented global logistics crunch caused by the […]

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  • Global oil demand to hit 120.1m barrels per day

    Friday, November 8, 2024

    Global oil demand is projected to reach 120.1 million barrels per day (BPD) by 2050, while energy demand will rise 24% during the same period, says the Organization of Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais. Delivering a keynote address at the African Energy Week: Invest in African Energies 2024 conference, Al Ghais […]

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  • African Energy Week opens in Cape Town

    Wednesday, November 6, 2024

    The African Energy Week (AEW): Invest in African Energies 2024 conference officially opened in Cape Town, South Africa with calls from the industry to ‘drill baby drill.’ Citing the need to enhance climate justice through the development of domestic energy resources, industry leaders from across the continent underscored the need to sign deals, foster partnerships […]

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News

Sep
8

Africa Diaspora Center to be launched

The Africa Center and African Export-Import Bank (Afreximbank) have announced the upcoming launch of the Afreximbank Africa Diaspora Center (AADC), a groundbreaking initiative that will help bridge the gap between Africans on the continent and the African Diaspora, and the African continent. AADC will serve as an institutional gateway that connects Africans and people of […]

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Sep
2

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 […]

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Aug
29

Enhancing cross-border trade data in West Africa

Informal traders account for a significant share of commerce among West African countries. Better data collection, digital tools and on-the-ground support can help their businesses thrive. That’s the goal of the latest collaboration between the International Trade Centre (ITC) and the West African Association for Cross-Border Trade (WACTAF). Working together making it easier to trade […]

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Aug
19

Africans view health as a top priority

A majority of Africans want their governments to invest more in preparations for future health emergencies, even if doing so will diminish the resources available for other health services, Afrobarometer surveys show. Africans see health as the second-most important problem requiring government intervention, and only half of them think their governments are ready to deal […]

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Aug
14

Afreximbank to double intra-African trade financing

African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said. Mr. ElMaayergi was addressing participants and guests in Abuja.Nigeria at the African Caucus Meeting of the World Bank Group and the International […]

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Aug
8

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 […]

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Aug
6

Report highlights Africa’s top investment economies

South Africa’s Rand Merchant Bank (RMB) has released the highly anticipated 2024 edition of its Where to Invest in Africa report, a comprehensive analysis of the top investment destinations on the continent. The report, which has been developed in collaboration with the Gordon Institute of Business Science (GIBS), leverages a robust methodology that has been updated […]

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Aug
1

“Brand Africa” to unlock investment opportunities

UN Tourism has united its member states to focus on promoting “Brand Africa” and exploring new opportunities for growth and diversification across the region. Held within the framework of the Regional Commission for Africa, “Promoting Africa to Unlock Tourism Investments and the Sector’s Growth Potential”, brought together public and private sector leaders to identify new opportunities […]

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Jul
28

Farmer gets relief after tumor removal

A father of three can sleep comfortably on his back for the first time in 15 years after having a massive tumor – weighing 11lb (5kg) – removed by surgical charity Mercy Ships. Malagasy builder and rice farmer Fidisoa was 38 when what appeared to be a tiny pimple on his back started to grow, […]

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Jul
28

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 […]

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