Africa: Underfunded African Institutions Risk Derailing AU’s Development Vision

Africa: Underfunded African Institutions Risk Derailing AU’s Development Vision

Africa’s leading development financiers have sounded the alarm that weak and underfunded financial institutions are threatening the African Union’s most ambitious blueprint — Agenda 2063, the continent’s 50-year plan for industrialization, integration, and prosperity. Speaking on Monday at the Intra-African Trade Fair (IATF2025) in Algiers, a high-level panel of executives from Afreximbank, the African Development…

Read More
Nepal protests over repealed social media ban rage, sparking prime minister’s sudden resignation

Nepal protests over repealed social media ban rage, sparking prime minister’s sudden resignation

Kathmandu — Nepal’s Prime Minister KP Sharma Oli announced his resignation on Tuesday as the country was rocked by a second day of violent unrest that began as protests against a since-repealed ban on many major social media platforms. Clashes between young demonstrators and police on Monday turned violent, with police killing 19 people. Protesters in Nepal’s…

Read More
Africa: Underfunded African Institutions Risk Derailing AU’s Development Vision

Africa: Banks Embed Climate Risk, Gender and Sustainability in Finance Products

Nairobi — Ahead of the Conference of the Parties (COP30), the Second Africa Climate Summit (ACS2) in Addis Ababa is looking to mobilize billions for renewable energy, sustainable agriculture, green housing, and gender-focused financing. As climate shocks intensify across East Africa, from failed rains in Kenya’s arid north to devastating floods in Tanzania’s coastal belt,…

Read More
Ethiopia inaugurates GERD dam amid downstream tensions with Egypt, Sudan | Energy News

Ethiopia inaugurates GERD dam amid downstream tensions with Egypt, Sudan | Energy News

Ethiopia celebrates Africa’s largest hydroelectric dam as Egypt and Sudan express fears over water security. Published On 9 Sep 20259 Sep 2025 Ethiopia has inaugurated Africa’s largest hydroelectric dam on the Blue Nile, as the $5bn project continues to sow dismay with downstream neighbours Sudan and Egypt. Prime Minister Abiy Ahmed has hailed the Grand…

Read More
SITA trials ‘citizen super app’ for ID verification

SITA trials ‘citizen super app’ for ID verification

GovTech, the public sector ICT conference, takes place at the Durban International Convention Centre until 10 September. (Photograph by DCDT) A citizen-focused super app is among the solutions and proof of concepts (POCs) being put to the test by the State Information Technology Agency (SITA). This was spotlighted by SITA acting managing director Gopal Reddy,…

Read More
Africa: Underfunded African Institutions Risk Derailing AU’s Development Vision

Africa: N149.39trn Debt – Abbas Clarifies Remarks, Says Tinubu Ensuring Responsible Borrowing, Edun Upbeat

Abuja — Speaker of the House of Representatives, Hon. Tajudeen Abbas, yesterday, clarified his earlier comments on Nigeria’s N149.39 trillion debt, stressing President Bola Tinubu was committed to ensuring that borrowing remains responsible and tied to productive investments. Also, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, expressed optimism about…

Read More
Nikkei 225, Kospi, Nifty 50

Nikkei 225, Kospi, Nifty 50

Owngarden | Moment | Getty Images Asia-Pacific markets traded mixed Tuesday after Wall Street gained on a tech rally. Japan’s benchmark Nikkei 225 reversed course to lose 0.42%, closing at 43,459.29 after hitting a record high earlier in the day, following Prime Minister Shigeru Ishiba’s announcement of his resignation Sunday. The Topix retreated 0.51% to…

Read More