Given cautious welcome as questions linger remain over unfulfilled promises ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-October. The city and country are still reeling from a devastating earthquake in early September. …
Read More »Natural resource-backed loans a disaster for Africa-IMF
Africa is grappling with mounting debt crisis, with total external debt surpassing the US$1 trillion-mark last year Kampala, Uganda | RONALD MUSOKE | Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), has publicly endorsed the recent call by the African Development Bank Group, urging African governments to refrain …
Read More »How Africa-based banks are structuring global transactions
The case of Bank One, part of I&M Group PLC ANALYSIS | AGENCIES | Thavin Audit, Acting Head of International Banking, Bank One, talks about the key role that Mauritius-based banks are playing in Africa by structuring transactions through their international banking divisions to shape investor interest and channel funds towards …
Read More »Africa eyes greater say, more agency with added IMF, World Bank board seats
Africa is to gain additional seats on the influential boards of the International Monetary Fund (IMF) and World Bank, elevating the region’s clout in global finance governance. This comes as African nations look to carve out space to act with greater agency and self-determination, both in continental and world affairs. …
Read More »Ugandan doctors win Africa Young Innovators for Health Award
HEALTH NEWS | AGENCIES | The International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) and Speak Up Africa have announced the winners of the second edition of the Africa Young Innovators for Health Award. Teniola Adedeji (Nigeria) and Dr. Moses Ochora (Uganda) have been announced as first prize winners and Nura …
Read More »World Bank and IMF return to Africa, but questions remain
Imposing a uniform policy approach on African countries has only worsened crises, limiting their policy space ANALYSIS | CARLOS LOPES | The annual meetings of the World Bank and International Monetary Fund (IMF) are due to take place in Marrakech, Morocco, in mid-this month. The city and country are still reeling …
Read More »Advancing Vaccine Manufacturing: African nations need to collaborate to boost pharmaceutical production
Kampala, Uganda | THE INDEPENDENT | Civil society organizations, government representatives, and the private sector convened at a high-level policy symposium in Kampala on September 27-28 to address the critical issue of pharmaceutical production and access in Africa. The symposium aimed to explore ways to increase local production, reduce dependence on …
Read More »Chinese hybrid rice helps Africa enhance food security
Beijing, China | Xinhua | In June, a bowl of hybrid rice from Africa appeared as a special offering at the tomb of Yuan Longping, China’s “father of hybrid rice.” The gift was brought in person by Rakotoson Philibert, former Secretary General of the Ministry of Agriculture of Madagascar. Recalling that …
Read More »Zambian president urges African countries to invest in digitalization for faster economic growth
Lusaka, Zambia | Xinhua | Zambian President Hakainde Hichilema has urged African countries to invest more in digitalization in order to accelerate economic development. The Zambian president said on Thursday that accelerating economic growth through technology will help African countries develop faster, a situation that will boost trade, create jobs, and …
Read More »Kenya calls for intensified efforts to tackle transnational crime in Africa
Nairobi, Kenya | Xinhua | The Judiciary of Kenya on Tuesday called on African countries to come up with new strategies to combat transnational organized crimes that are currently negatively impacting the society. Chief Justice Martha Koome said strong enforcement of laws and the adoption of new strategies are crucial …
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