ADDIS ABABA The African Union (AU) has sounded the alarm over the continent’s persistent youth unemployment crisis and is calling for urgent, bold action to address the challenge through industrialization, innovation, and regional integration. The Third African Job Creation Forum, jointly organized by the African Union, the Government of Ethiopia and the African Continental Free…
Africa’s wealth disparity has reached unprecedented levels, with just four billionaires now holding more wealth than 750 million people combined – half the continent’s population. According to a report from Oxfam entitled Africa’s Inequality Crisis and the Rise of the Super-Rich, released on Thusday, Nigerian billionaire Aliko Dangote, South Africans Johann Rupert and Nicky Oppenheimer…
United States President Donald Trump has threatened Brazil with a 50 percent tariff, citing the criminal charges against its former president and his political ally Jair Bolsonaro, who is accused of plotting a coup. In a letter to Luiz Inacio Lula da Silva, Brazil’s current president, Trump said on Wednesday that the treatment of Bolsonaro, who…
Bitcoin climbed to an all-time high near US$112 000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world’s largest cryptocurrency. It touched a record peak of $111 988.90 and was last up 0.4% at $111 259. Since the beginning of the year, bitcoin has advanced more…
The World Bank will host a high-profile regional launch of its Country Policy and Institutional Assessment (CPIA) Africa Report in Monrovia on Thursday, July 10, 2025, with the event set to feature Liberia as a key case study in Africa’s evolving public service delivery landscape. The launch will be led by Mr. Andrew Dabalen, the…
The Joint United Nations Programme on HIV/AIDS (UNAIDS) warns that the global AIDS response is in crisis after a major funding collapse at the start of 2025 threatens to reverse decades of progress. New data revealed that while the world has made progress in expanding treatment and reducing deaths, the response is falling short of…
The Defense Department will become the largest shareholder in rare earth miner MP Materials after agreeing to buy $400 million of its preferred stock, the company said Thursday. MP Materials owns the only operational rare earth mine in the U.S. at Mountain Pass, California, about 60 miles outside Las Vegas. Proceeds from the Pentagon investment…
Sedna Africa, a provider of industrial IT and connectivity solutions, has secured a contract with Beira Terminal Operator Cornelder de Moçambique to roll out a private mobile network at Beira Port in Mozambique. The project aims to improve safety, productivity, and operational efficiency at one of the region’s key transport hubs. The deployment marks a…
As global powers and the tech industry compete for African minerals, the continent needs tech diplomats to negotiate fairer deals. Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year. The issue is expected to be a key discussion…
Malawi is among the dozens of African countries excluded from a highly selective US-Africa business summit hosted by United States President Donald Trump, who has invited only five African leaders to Washington for a closed-door meeting focused on commerce and strategic interests. The exclusive working lunch, currently in session at the White House, will bring…
