Harare, Zimbabwe | Xinhua | Zimbabwean President Emmerson Mnangagwa has praised Chinese investment for changing the economic landscape in his country and other parts of Africa, while blasting the West for plundering African resources for decades. In his weekly column for the government-run The Sunday Mail newspaper, Mnangagwa said that the …
Read More »AfDB approves 1.5 bln USD to help African countries avoid food crisis
Lagos, Nigeria | Xinhua | The African Development Bank (AfDB) said it has approved 1.5 billion U.S. dollars to help African countries avert a looming food crisis. In a statement made available to Xinhua on Friday, the bank said Africa now faces a shortage of at least 30 million metric tons …
Read More »IN THE INDEPENDENT: Bad news – America is back in Somalia
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Bad news: America is back in Somalia THE LAST WORD Museveni’s Umeme mistake: Why the refusal to renew their concession is not a big loss to Ugandan workers and investors and a boom …
Read More »African experts warn maternal health at stake amid shortage of contraceptives in cities
Kisumu, Kenya | Xinhua | The health of women in Africa’s rapidly developing cities is in peril amid inadequate access to family planning services, experts said Wednesday on the sidelines of the ongoing ninth edition of the Africities Summit in Kenya’s western city of Kisumu. According to the experts, about 20 …
Read More »11,000 more African millionaires in 2021 – latest African Wealth Report
Africa is currently home to 136,000 millionaires, with their ranks on the rise. This is despite the continent’s total wealth dwindling over the past decade FEATURE | LEO KOMMINOTH | Africa’s share of millionaires grew by 8% between 2020 and 2021, according to a recent report by intelligence firm New …
Read More »It’s Africa’s Century—for Better or Worse
Asia gets the attention, but the real economic revolution is the inevitable growth of an overlooked continent | TOOZE-ADAM | In the coming decades, we face a revolutionary shift in the balance of world affairs—and it is likely not the one you are thinking of. Since the 1990s, the idea …
Read More »Insurance giants Sanlam and Allianz sign $2.1bn African joint venture
The total group equity value of the joint venture, which will operate in nearly 30 African countries, is expected to be more than $2.1bn, according to Allianz | THE INDEPENDENT | South African insurer Sanlam and Germany’s Allianz have agreed to combine their current and future operations across Africa in …
Read More »Africa’s aviation industry negatively impacted by Russia-Ukraine conflict: experts
Nairobi, Kenya | Xinhua | The Russia-Ukraine conflict is exerting a negative impact on Africa’s aviation sector, experts said Monday. Abderahmane Berthe, secretary-general of the African Airlines Association, said at a continental aviation forum that the conflict has resulted in a high cost of fuel for aircraft. “We hope that this …
Read More »New Uganda destination brand scoops three international tourism awards
Cape Town, South Africa | THE INDEPENDENT | Uganda has been crowned this year’s Grand Prix and two times Gold award winner by the International Tourism Film Festival Africa for its film Explore Uganda – The Pearl of Africa. The film, premiered by Uganda Tourism Board is an invitation to …
Read More »African lobbies launch campaign to track expenditure of climate finance
Nairobi, Kenya | Xinhua | African campaigners on Friday launched an initiative to track the expenditure of climate finance in the continent. Charles Mwangi, head of programs and research at the Pan African Climate Justice Alliance (PACJA) told journalists in Nairobi, Kenya’s capital, that the ‘Follow the Money’ campaign will …
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