Kampala, Uganda | THE INDEPENDENT | Delegations from 25 African coffee-producing countries and a number of consuming nations are due to gather in Uganda for the second G25 Africa Coffee Summit (ACS) next month. The 3-day summit organized by the Inter-African Coffee Organisation (IACO) will run from August 7, at the …
Read More »New climate change funds for Africa
How the IMF Resilience and Sustainability Facility and innovative climate finance can lessen challenges COMMENT | ALI MANSOOR & AWA MBAYE | African countries have been encouraged to seek alternative funding schemes to tackle climate change impacts whose effects have been exacerbated by the Covid-19 pandemic, the Russian-Ukrainian war, geopolitical fragmentation, …
Read More »Girls and women can change the future of Africa
But first they must be empowered says BRAC Africa boss, Rudo Kayombo Kampala, Uganda | THE INDEPENDENT | Lack of resources has a devastating impact on individuals, families, and communities. According to the World Bank, about 460 million people in Africa live below the extreme poverty line, which is defined as …
Read More »EU’s carbon border tax: a new report shows Africa stands to lose US$25 billion every year
Kampala, Uganda | AGENCIES | A new European law that imposes the first ever carbon border tax in the world comes into force in October 2023. It will be applied gradually over the next three years before it is fully implemented. A carbon tax is a type of levy imposed on …
Read More »China, Africa vow to strengthen military cooperation
Addia Ababa, Ethiopia | Xinhua | China and the African continent, under the umbrella of the African Union (AU), have vowed to strengthen the already fruitful military cooperation so as to realize their common aspirations toward securing peace and stability in Africa and beyond. This came during a reception marking …
Read More »Now corporates are paving the way for Africa’s education
Corporations in Africa are at the forefront of a transformative revolution aimed at addressing the challenge of rising education costs, particularly in tertiary education, by providing essential resources to foster innovation across the continent. SPECIAL REPORT | BIRD AGENCY | One example of a growing trend in Africa is splashed …
Read More »Trade will liberate Africa from exploitation – Tayebwa
Yaounde, Cameroon | THE INDEPENDENT | The Deputy Speaker of Parliament, Thomas Tayebwa, has challenged African leaders to prioritize unrestricted trade with each other while implementing the African Continental Free Trade Area to avoid the burden of foreign aid. Tayebwa made the observation on Wednesday 19th July 2023 while addressing delegates at the …
Read More »Fresh scramble for Africa’s critical minerals
Africa’s first Critical Minerals Summit sees global powers lining up to secure mineral supplies for the energy transition SPECIAL REPORT | BIRD AGENCY | At least ten global powers are training their eyes on Africa’s critical mineral supplies, according to the organisers of an upcoming event in South Africa. Europe, …
Read More »Mobilising capital for Africa
Second Annual Meeting of Africa Sovereign Investors Forum Kampala, Uganda | AGENCIES | African Development Bank Vice President for Private Sector, Infrastructure, and Industrialisation Solomon Quaynor has called for unity to unlock the potential of African sovereign wealth funds, strategic investment funds, pensions, and life insurance assets, estimated at $2.3 trillion. …
Read More »Africa recoups US$1.9bn from tax evasion, illicit financial flows – report
African governments are stepping up efforts to boost domestic resource mobilization Kampala, Uganda | RONALDMUSOKE | Tax authorities in several African countries were able to recoup up to US$1.9 billion in tax revenues in 2022, thanks to the implementation of information exchange mechanisms, rigorous offshore investigations and voluntary disclosures, according to …
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