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Africa
- Three Americans are among 50 arrested in a failed attempt to overthrow President Tshisekedi of DRC.
- The alleged coup leader, Christian Malanga, a US-educated former refugee and naturalized US citizen, along with his son Marcel and Benjamin Zalman-Polun, a cannabis entrepreneur from Maryland, among those arrested.
- The UN and international community have condemned the coup attempt, instead, calling support for the Congolese government.
In a stunning turn of events that has sent ripples through the international community, three American nationals have been arrested for their alleged involvement in a failed coup attempt in the Democratic Republic of Congo (DRC).
The dramatic incident unfolded in the early hours of Sunday May 19th, culminating in a shootout in the capital, Kinshasa. Later, a disturbing video footage shows two of the American men pleading for mercy on the ground, surrounded by heavily armed government forces.
The plot to overthrow President Félix Tshisekedi’s government …
- In Africa, a staggering 1.2 billion people lack access to clean cooking facilities.
- Lack of clean cooking facilities is one of the main causes of deforestation in Africa.
- AfDB funding is a major step along the road to saving the lives of 600,000 mainly women and children each year.
The African Development Bank Group (AfDB) has pledged $2 billion over the next decade towards clean cooking initiatives in Africa, marking a huge stride in the effort to save the lives of 600,000 people, predominantly women and children, each year. This commitment aims to address the health hazards associated with traditional cooking methods that rely on charcoal, wood, and biomass, which contribute to severe respiratory illnesses and environmental degradation.
At a summit on Clean Cooking in Africa, held in Paris, AfDB President Dr. Akinwumi Adesina announced that the Bank would allocate 20 per cent of its energy project financing to promoting …
- Across Africa, gender inequality in marriage, divorce, custody, and property rights is perpetuated by sex discrimination embedded in both legal systems and customary laws.
- Discriminatory family laws have profound impacts, increasing the risk of sexual and gender-based violence for women and girls.
- Laws in Cameroon, Nigeria, Senegal, South Sudan, Sudan, and Tanzania still allow child marriage.
Discrimination against women and girls remains widespread in family laws across Africa, according to new research by Equality Now. An analysis of 20 African countries reveals that gender inequality in marriage, divorce, custody, and property rights is perpetuated by sex discrimination embedded in both legal systems and customary laws. Despite some significant legal reforms, progress has been slow, inconsistent, and hindered by setbacks, lack of political will, and weak implementation.
The report, “Gender Inequality in Family Laws in Africa: An Overview of Key Trends in Select Countries,” highlights how overlapping and …
- The World Bank attributes the downgrade to the recent conflict in the Middle East, which has heightened geopolitical risks and raised uncertainty in commodity markets.
- Growth for Sub-Saharan Africa is projected to accelerate to 3.8 per cent in 2024 and firm further to 4.1 per cent next year.
- The lender has upgraded Kenya’s GDP growth to 5.2 per cent due to easing inflation.
Global growth is projected to slow for the third consecutive year, decreasing from 2.6 per cent last year to 2.4 per cent this year, according to the World Bank.
In its January 2024 Global Economic Prospects report, the lender states that following a sharp slowdown in 2022 and a further decline last year, global output growth is set to decrease slightly this year.
This is occurring as global economic activity continues to soften due to the impacts of tight monetary policies, restrictive financial conditions, and weak growth …
Africa is full of opportunities. With its rich resources and growing economies, many sectors are ready for investment. Here are some of the best fields to consider.
- Agriculture
Agriculture is the backbone of Africa’s economy. Investing here can be very profitable. In Nigeria, Olam International has put a lot into rice farming. This helps reduce rice imports and creates jobs. Similarly, Kenya’s Kakuzi is a top player in avocado production. They export to Europe and beyond. These examples show the potential for growth in agricultural exports. Better farming techniques, irrigation systems, and processing can boost food security and economic development. AgriTech, like precision farming and drones for crop monitoring, also increases productivity. Farmers can maximize yields and reduce losses.
- Renewable Energy
Africa has abundant natural resources. Solar, wind, and hydroelectric power are becoming key areas for investment. The Noor Ouarzazate Solar Complex in Morocco is one of the largest solar …
- Safaricom recognized for its outstanding people strategy, work environment, talent acquisition, learning, diversity and inclusion, and employee well-being.
- The telco first received the Top Employer certification in 2022 and has retained it for three consecutive years.
- The certification comes just a few months after the company was ranked the third-best employer in Africa by an American business magazine, Forbes.
Kenya’s leading telecommunications company, Safaricom PLC, has, for the third consecutive year, received recognition as a top employer in both the country and across Africa.
The most recent certification for the year 2024, awarded by the Top Employers Institute (TEI), underscores the Nairobi Securities Exchange listed company’s HR policies and people practices.
The TEI program certifies organizations based on their participation and results in a comprehensive HR best practices survey covering 20 topics across six HR domains. These domains include people strategy, work environment, talent acquisition, learning, diversity and inclusion, and …
South Africa’s gambling industry is experiencing a significant economic transformation with the arrival of international online casinos in its market. This transformation has not only changed the gambling landscape but has also had a far-reaching impact on the broader economy. The integration of global online casinos has brought about a surge in revenue, heightened competition, technological advancements, and regulatory developments, making it a defining chapter in South Africa’s economic narrative. Now, here, there are available plenty of different online casinos supporting many languages. For example, for German-speaking, this website introduces a list of new (neue – in German) online casinos with different welcome bonuses. This article examines the various impacts of this transformation, exploring how it has influenced different sectors and dynamics within the country.
Fostering Economic Growth Through Global Investments
The emergence of international online casinos has been a major factor in generating substantial revenue. By attracting players from …
Stellantis, a global automotive manufacturing giant, is set to strengthen its position in Africa with the announcement of a landmark manufacturing facility in Coega, South Africa. This strategic move follows a Memorandum of Understanding signed with the South African Industrial Development Corporation (IDC) and the Department of Trade, Industry and Competition (DTIC). The initiative is a key component of Stellantis’ “Dare Forward 2030” strategic plan and represents a significant step towards consolidating the company’s leadership position in the Middle East and Africa region.
Location and Capacity Plans
The chosen location for the state-of-the-art automotive plant is the Coega Special Economic Zone near Gqeberha in the Eastern Cape province of South Africa. Stellantis has set an ambitious timeline, aiming to complete the plant by the end of 2025, with the first vehicle—an anticipated 1-ton pick-up truck—expected to roll off the production line in early 2026.
A new facility and new vehicles …
The African continent encompasses two large parts, the anglophone and the francophone world, with the “big four” startup segment dominated by anglophone countries. Although the historically rooted role and weight of the anglophone markets in the African business environment, the francophone competitors are moving significant steps forward.
The “Big Four” African Powers
According to a recent market analysis, Anglophone startups in Africa continue to attract the most investments, raising $4.8 billion in funding in 2022. Nigeria led the “big four” team with over a hundred startups accounting for $1.2 billion. Kenya reached the second position after Nigeria with $1.1 billion, while Egypt raised $820 million in investments. Finally, South African firms attracted $550 million. Although Egypt isn’t predominantly anglophone, it became part of the “big four” thanks to its yearly fundraising results.
The other side of Africa encompasses three Francophone countries, Algeria with $151 million, Tunisia with $119 million, and …
