• 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

May
6

AWIEF celebrates decade of women’s entrepreneurship

Celebrating a decade of impact, the Africa Women Innovation and Entrepreneurship Forum (AWIEF) announces the AWIEF2024 Conference and Awards. This milestone event is scheduled for the 28th and 29th of November at South Africa’s Cape Town International Convention Centre (CTICC), under the theme “Future for All: Collaborate for Growth. Solve Inequity. Act on Climate”. The AWIEF2024 conference will […]

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May
5

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 […]

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Apr
29

Adesina talks Sustainable Development Goals

African Development Bank Group President Dr. Akinwumi A. Adesina has emphasized the critical need for significantly increased financing to meet the Sustainable Development Goals (SDGs). Speaking at the Islamic Development Bank’s 50th anniversary celebrations in Riyadh, he highlighted a growing annual financial shortfall of $4 trillion, a gap that threatens to derail efforts to achieve the […]

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Apr
21

Fighting money laundering in West Africa

The African Development Bank and the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA) on Thursday officially launched a three-year support project to combat money laundering and terrorism financing in their member countries. The project, titled “Capacity Development for Anti-Money Laundering and Countering the Financing of Terrorism in GIABA Member States in Transition,” will […]

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Apr
18

Basketball Africa League continues in Egypt

The Basketball Africa League (BAL) today announced the 52 players from 11 countries across Africa, Europe and the U.S. who will compete in the 2024 Basketball Africa League’s (BAL) Nile Conference group phase, which will take place from Friday, April 19 – Saturday, April 27 at the Hassan Mostafa Indoor Sports Complex in Cairo, Egypt*. […]

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Apr
18

OPEC participates in African energy forum

The director of research of the Organization of Petroleum Exporting Countries (OPEC) Ayed S. Al-Qahtani will deliver a keynote address at the upcoming Invest in African Energy (IAE) 2024 forum in Paris, France affirming the importance of African oil supplies in global affairs.   Home to six OPEC member countries, the African continent is playing a […]

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Apr
12

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, […]

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Apr
8

Africa: Major expansion of projects and investment

Africa Finance Corporation (AFC), Africa’s leading infrastructure solutions provider, has announced its most impactful year to date, with unprecedented expansion of projects and investments spanning energy, transportation, mining, food, textiles and climate resilience. Underpinning robust growth in earnings and total assets, AFC successfully navigating the global geopolitical, inflationary and debt distress challenges of 2023 to […]

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Apr
5

Rugby’s pathway to Africa’s future

By President of Rugby Africa, Herbert Mensah Saturday April 6 marks International Day of Sport for Development and Peace. As we reflect on this day, it is crucial to explore the potential impact of sport in Africa. The African Development Bank projects that Africa is set to grow to 2.4 billion people by 2050. Therefore, […]

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Apr
2

GABI plans flagship event in New York

Building on the resounding success of its flagship event, Unstoppable Africa in 2022 and 2023, the Global Africa Business Initiative (GABI) plans to convene leaders from business, government and the United Nations in 2024. Unstoppable Africa will return to Cipriani’s in New York on September 25 and 26 on the sidelines of the 79th session of the UN […]

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