Africa

  • Andry Rajoelina, President of Madagascar, terms the move “a major step in the development” of the country’s mining sector.
  • At the AIM Congress 2024, Madagascar markets its rich potential as an emerging market and its pivotal role in regional trade dynamics.
  • A total of 12,000 visitors from over 175 countries worldwide are attending AIM Congress 2024.

Madagascar is set to join the elite club of countries with gold refinery plants in the world following strategic partnerships and support from the United Arab Emirates (UAE). In his keynote address at the opening ceremony of the 13th edition of the AIM Congress in Abu Dhabi, Andry Rajoelina, President of Madagascar, outlined his nation’s strategic vision for sustainable economic growth and development.

While highlighting the importance of strategic partnerships and investment, President Rajoelina noted Madagascar’s rich potential as an emerging market and its pivotal role in regional trade dynamics

“We are proud …

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  • His Highness Sheikh Saud bin Saqr Al Qasimi tells delegates to the 2024 Congress in Abu Dhabi: “development can, and should, be reciprocal”
  • The Ruler of Ras Al Khaimah, as Guest of Honor, told delegates how the UAE has demonstrated that: “when wisdom and a sense of duty meet vision and hard work, anything is possible”

The United Arab Emirates (UAE) has demonstrated that when wisdom and a sense of duty meet vision and hard work, anything is possible. These were the words of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, as he delivered the keynote address at the opening of the 13th edition of the AIM Congress on May 7th  in Abu Dhabi.

The opening ceremony saw the participation of His Excellency Andry Rajoelina, President of the Republic of Madagascar; His Highness Sheikh Mohammed bin Saud Al Qasimi, …

  • Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of Cyclone Hidaya.
  • Cyclone Hidaya’s trajectory places the eastern coast of Tanzania squarely in its crosshairs as neighbouring Kenya braces for floods.
  • The relentless deluge gripping East Africa originates in the El Nino weather pattern.

Millions of people in Tanzania and Kenya are on edge as Cyclone Hidaya, a formidable tempest, barrels toward the region, exacerbating the havoc wrought by ongoing heavy downpours and catastrophic floods that have claimed hundreds of lives across East Africa.

Kenya and Tanzania, already reeling from nature’s fury, now confront the looming threat of a cyclone poised to unleash further devastation, with forecasts predicting a grim landfall later on Friday, May 3rd.

Cyclone Hidaya’s trajectory currently places the eastern coast of Tanzania squarely in its crosshairs, with fears mounting over its potential impact on neighbouring Kenya. As meteorological projections paint a

What should East Africa and Africa in general expect under a Biden led US administration? Well not to be called shitholes, that is for sure.

Africa can expect a more respectful business minded approach, and granted the move to this positive relation started pre-US 2020 elections.

Back in October 16 2020, US National Security Advisor Robert O’Brien said “America’s goal in [Africa] is to support locally led problem-solving for enterprise-driven growth, inclusive societies, and transparent, accountable governance.”…

African continent is making strides towards the realization of Agenda 2063. One of the key steps, the free trade agreement, was successfully launched on the 1st of January 2021 after having been delayed by Covid-19.

The trade agreement has hit the ground running. Already recording its first trade under the terms of the free trade treaty. 

Ae Trade Group and Ethiopian airlines partnered for the transportation of momentous parcels- handmade trophies from the Kingdom of Eswatini to invoke the AfCTA trade. This trade marks the beginning of trading under the African Continental Free Trade Area.

Ethiopian Airlines -DHL is a logistics operation born from a 2008 partnership between the two entities which operate across Africa. 

The first shipment of parcels was received in Ethiopia at the Addis Ababa Bole International Airport on the 1st of January amid pomp and fanfare with a ceremony organized to applaud the start of the

Africa’s tech habitude is on the rise. Internet usage has risen significantly on the continent. On top of that, the advent of the coronavirus pandemic accelerated the prospect of growth in the digital sphere. E-commerce is one such opportunity that affords businesses access to broader market opportunities in every arena. According to McKinsey, a worldwide consulting firm, the e-commerce industry in Africa is expected to grow to a $75 billion industry by 2025.

E-commerce is growing. It is accelerated by a growing and youthful population that is increasingly exposed and has an appetite for greater efficiency and improvement of business to first-world standards. The African diaspora has also contributed to this growing demand as people have become more exposed to what is going on around the world. Technology itself dissolves existing borders and opens up trade regionally and internationally.…

Over $50 billion worth of aid is poured into Africa every year. Most of it is targeted towards poverty reduction, hunger, and achieving sustainable development goals. Yet Africa remains among the poorest of the poor. The level of disease still continues to stay high and mortality rates remain high. Unemployment levels are soaring and the standard of living remains very poor. 

Lack of access to electricity and clean drinking water coupled with lack of food in some areas is very much a reality. 85% of Africans are surviving on an income less than $5.50 per day. In trying to take stock of the situation an assessment of the efficacy of aid is a necessity. 

Given the amounts of aid that have flowed in, there are questions as to why the state of the continent continues to be pitiful. Does aid stifle economic growth? Does aid have the transformative power

The continent faces a stark challenge of energy availability. More than 60% of the population has no access to electricity. Moreover, a lack of clean energy for cooking remains a challenge. Even those with access to power face severe power cuts triggered by load-shedding and faults. Both triggers can be traced back to infrastructural challenges, including a lack of adequate generation capacity and aging infrastructure.

 According to the World Bank’s State Of Access To Modern Energy Cooking Services Report, only 10 percent of sub-Saharan Africa has access to modern sources of cooking energy.  

The effect of this inadequacy creates a ripple effect of problems. In terms of health, people are affected by diseases such as respiratory illnesses born out of using unclean energy sources. 

Further, the environment suffers. In order to obtain firewood for cooking and other purposes, people are forced to cut down trees, often most indiscriminately. In

The New Year 2021 has begun on a high note with the reality of the coronavirus vaccine shining across the globe. The year 2020 will certainly be etched in the minds of many people across the world for the wrong reasons. It is the year that the coronavirus caused death, illness and economic despair across the world.  

In Africa, the COVID-19 pandemic has hugely torpedoed the continent’s war against poverty. According to the IMF, developed economies will shrink by around 6% in 2020 while emerging markets and developing ones will shrink by 1%. With more people living close to the international poverty line in developing nations, it is imperative to note that low and middle income countries will suffer the greatest repercussions in terms of extreme poverty.  

Also Read:BUSARA CENTER AIMS AT POVERTY ALLEVIATION  

The definition of poverty entails more than just the lack of income and productive resources

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