Africa: New UN Report Charts Path Out of Debt Crisis Threatening Global Development

Africa: New UN Report Charts Path Out of Debt Crisis Threatening Global Development

A decade after the adoption of the Sustainable Development Goals (SDGs), development is facing serious headwinds – including what UN officials describe as a “silent crisis” of surging debt service payments in low-income countries. On Friday, Deputy Secretary-General Amina Mohammed launched a new report, Confronting the Debt Crisis: 11 Actions to Unlock Sustainable Financing. She…

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Cash addiction is costing South Africa billions

Cash addiction is costing South Africa billions

South Africans’ heavy reliance on cash, instead of using advanced digital payment rails, costs the economy more than R30-billion/year. This is according to Tim Masela, head of the National Payments System at the Reserve Bank, whose commentary in the Payments Association of South Africa’s (Pasa’s) annual report notes that positive strides taken to digitise the…

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Africa: New UN Report Charts Path Out of Debt Crisis Threatening Global Development

Africa: ‘Global Solidarity Benefits Us All’ – Spain Makes the Case for Development Funding

Funding cuts to international development have cast a pall over a major UN-led international conference set to address the huge challenges faced by countries in the Global South. Despite this sobering backdrop, Eva Granados, Spanish Secretary of State for International Cooperation, insists that global solidarity is still alive, despite indications to the contrary. For decades,…

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Africa: New UN Report Charts Path Out of Debt Crisis Threatening Global Development

Africa: Ethiopia, Nigeria Unite for Greener Africa

ADDIS ABABA – Prime Minister Abiy Ahmed (PhD) yesterday called on Ethiopians to take pride in their nation’s reforestation efforts by planting trees. Ethiopia’s 2025 Green Legacy Initiative (GLI) was launched under the theme : ” Renewal Through Planting ” as a symbol of environmental stewardship and unity. Speaking at the official launch of the…

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Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Meta shares hit all-time high as Zuckerberg goes on AI hiring blitz

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Meta Connect event on Wednesday, Sept. 25, 2024. Bloomberg | Bloomberg | Getty Images Meta shares hit a record high on Monday, underscoring investor interest in the company’s new AI superintelligence group. The company’s shares reached $747.90 during midday trading, topping Meta’s previous stock…

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