- Trump tariffs sting set to ruffle several economies in Africa
- Africa Energy Bank secures key backing from Nigeria, Angola and Ghana
- AIM Congress 2025 gets a boost as International Development Bank signs on as gold sponsor
- African energy: Opportunities and challenges presented by Russia’s investments
- Africa’s smart farming push—a revolution or a mirage?
- BRICS summit in Brazil to focus on global governance reform
- Dedollarization: BRICS take on Trump and mighty dollar
- Trump’s second term: A rare opportunity for real African energy independence
Africa
- The trio’s capital boost represent 44% of the minimum funds required from oil producing countries in Africa.
- Africa Energy Bank seeks to fund oil and gas projects across economies in Africa, plugging gaps that exists through the continent’s overreliance on financiers from the West.
- Quite often, financiers from the west are reluctance to pump billions in fossil fuel projects in Africa citing environmental concerns.
The push to better finance capital intensive projects in Africa has received a boost after Nigeria, Angola and Ghana contributed their capital shares to the Africa Energy Bank. In an update on Wednesday, the African Petroleum Producers Organization (APPO) said the trio’s contributions represent 44 per cent of the minimum capital that is required from oil producing countries in the continent.
According to APPO Secretary General Dr. Omar Farouk, the Africa Energy Bank seeks to fund oil and gas projects across economies in Africa, helping to …
- Russia’s leading energy giants including Gazprom and Rosatom are rapidly expanding their influence across the continent.
- The African Energy industry is experiencing industry engagements—spanning oil, gas, and nuclear sectors powered by Russian firms.
- But beneath the surface of these high-profile deals lies a complex web of opportunities and challenges that will define Africa’s energy future.
The business case presented by African energy is increasingly attracting moneyed suitors. This billion-dollar opportunity has placed the continent at a pivotal moment in its energy evolution. As global powers jostle for influence, Russia is increasingly emerging as a key player, pivoting on its energy expertise to forge strategic partnerships across the continent.
According to the African Energy Chamber (AEC) Russia’s engagements—spanning oil, gas, and nuclear sectors—are reshaping the African energy industry. But beneath the surface of these high-profile deals lies a complex web of opportunities and challenges that will define Africa’s energy future.
The
…- UAE’s Ministry of Tolerance and Coexistence has announced the 3rd edition of the “World Governments as Incubators for Tolerance” Conference at AIM Congress 2025.
- The forum will deliberate on effective frameworks and mechanisms for embedding a culture of tolerance as a foundational element in constructing stable and sustainable societies.
- Delegates to engage on how to foster mutual understanding and respect in tackling global challenges, including inequality and social unrest, often stemming from cultural disparities and ideological divides.
In its ongoing commitment to fostering global values of tolerance and coexistence, the Ministry of Tolerance and Coexistence is set to organize the third edition of the “World Governments as Incubators for Tolerance” conference.
Under the theme “A Balanced Approach to Prosperity,” this event will convene during the second day of the AIM Congress 2025, scheduled from April 7 to 9 at the Abu Dhabi National Exhibition Centre (ADNEC).
The …
- UN requires G7 countries to commit 0.7% of their Gross National Income to development aid.
- However, the US is the largest donor of international aid according to the UN.
- Statistics from One Campaign show that the G7 and the EU Institutions’ share of aid to Africa is at a near 50-year low.
The cuts to international aid by U.S. President Donald Trump (and billionaire Elon Musk) have sparked global outrage, including in Africa. However, given that the United Nations recognizes Washington as the single largest donor of global aid, can we definitively say Trump (or Musk) is wrong?
Consider this: according to the UN, the U.S. accounted for over 40 per cent of all humanitarian aid tracked in 2024. This means nearly half of last year’s global aid came from American taxpayers—a level of generosity that’s hard to ignore.
But was this a one-time display of goodwill? The numbers …
- As more countries choose gold over dollar for national reserve, Tanzania is requiring all miners to remit 20% of their gold output.
- This is part of Tanzania’s shift from U.S. dollar reserves system to the precious mineral since creating it’s national gold reserve last year.
- Across the continent, Kibali, a gold mine in the DRC remains the largest gold producer in Africa.
Gold is dominating international markets, with soaring demand set to reshape Africa’s gold mining industry. As more countries shift toward trading in local currencies, gold is emerging as a strong contender against the U.S. dollar as the preferred store of value. This raises a critical question—why aren’t African economies, rich in gold, building up their own gold reserves?
Take for instance, the case of Tanzania, a country that ranks between third and fourth largest gold producers in Africa, this wealth of one of the most valuable minerals does …
- International aid and loans to Africa are based on a false (mathematical) statement; Africa needs development aid – False.
- Net financial flows to African countries dropped 18% (2020/22) -True.
- Africa paying more to service debts than development aid it recieves – True.
U.S. President Donald Trump’s aid cuts will fatally affect developing countries where millions of people rely on the aid for their livelihoods at a time when huge debt servicing costs pose even worse effect on their lives. “Analysis also finds growing debt service payments are rapidly outpacing aid and investments in all developing countries,” reveals a One Campaign report.
Titled, ‘Net finance flows to developing countries turned negative in 2023’ the report warns that; “Developing country debt levels have more than doubled since 2009, and the cost of servicing that debt has skyrocketed.” According to the report; “African countries are projected to spend $81 billion on debt …
- Across the African continent, the tourism industry fuels the creation of jobs, providing decent work opportunities for millions of people.
- The industry also drives the development of critical infrastructural, fosters entrepreneurship, and enhances cultural exchange.
- Kenya is at the forefront of steering innovation in tourism, fostering homegrown solutions that will help shape the future of this vital industry in Africa.
Tourism in Africa is often associated with breathtaking safaris, luxury safari lodges, and pristine coastal beaches. However, its impact stretches far beyond leisure and hospitality offering targeting overseas tourists, serving as a powerful engine for economic growth and social transformation.
Across the continent, tourism fuels the creation of decent jobs, especially for the youth; drives the development of critical infrastructure such as roads and technology investments, fosters entrepreneurship across value chains, and enhances cultural exchange among communities globally.
Countries such as Kenya, South Africa, Morocco, and Rwanda provide compelling case …
- Kenya has been selected to host the Africa Youth in Tourism Innovation Summit and Challenge for the period 2025-2027, offering its young professionals an opportunity to showcase insights and innovation in the sector.
- Kenya’s goal is to showcase and uplift the innovators that are building tomorrow’s travel industry and can help transform tourism in Africa.
- The June 26-27, 2025, conference is poised to attract over 1,000 trailblazers in the industry, 80 thought leaders, and at least 100 senior tourism executives.
Kenya is cementing its position as a tourism powerhouse in Africa by championing innovation and empowering innovative entrepreneurs in the growing industry. As the country prepares to host the Africa Youth in Tourism Innovation Summit and Challenge for the next three years, players in the industry are preparing to showcase insights and innovation-powered ideas that are driving tourism in Kenya and across Africa.
Nairobi’s opportunity to host the Africa Youth …
- Over 6.7 million people out of which 40 per cent are children, have been displaced across conflict-affected provinces in DRC.
- UN warns children are facing summary executions, sexual violence and abduction and recruitment by the warring factions.
- 45 children, who were cared for in a day transit centre in Goma to have been killed, UN reports.
An increasing number of children in the war ton Democratic Republic of Congo (DRC) are facing summary executions, sexual violence amid increasing abduction and recruitment by the factions involved in the escalating conflict.
In an update Thursday by the UN Child Rights Committee, children in violence saddled zones of North and South Kivu to the East of the vast country are coming face to face with grave catastrophe.
The UN agency warned that increasingly, armed groups are targeting displaced children and those left helpless in the streets that have been run over by militias.…