Uber in tactical retreat from key African markets

Uber in tactical retreat from key African markets

Uber is cutting about 3 300 jobs, roughly a tenth of its global headcount, in a restructuring designed to flatten its management hierarchy and concentrate resources on three things: ride-hailing, delivery and autonomous vehicles. The number of managers is being slashed by 20%. On the same day it announced the cuts, the company closed its operations…

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Africa: Senegal Secures .2b IMF Deal As Debt Restructuring Looms

Africa: Senegal Secures $2.2b IMF Deal As Debt Restructuring Looms

Senegal reached a staff-level agreement with the International Monetary Fund for a $2.2 billion, 3-year lending programme as the government seeks to restore debt sustainability after uncovering more than $11 billion of previously misreported borrowing. The agreement still requires approval from IMF management and its Executive Board. The deal follows months of negotiations after the…

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Africa: Senegal Secures .2b IMF Deal As Debt Restructuring Looms

Africa Must Own Its Energy Future – Veep

The Vice-President, Professor Naana Jane Opoku-Agyemang, has called for greater African ownership of the continent’s energy sector, saying stronger local companies and technical institutions are needed to unlock its full potential. She said Africa must play a greater role in developing its energy resources and building the industries required to create jobs and economic opportunities…

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Africa: Senegal Secures .2b IMF Deal As Debt Restructuring Looms

Africa Climate Finance Conference Ends With Call to Turn Commitments Into Investable Solutions

The Third Annual Africa Climate Finance Conference has ended in Kampala with a call for African governments, financial institutions, development partners and the private sector to move beyond climate commitments and channel funding into bankable, locally led solutions. Held under the theme, “From Commitments to Capital: Operationalizing Africa’s Climate Finance Architecture,” the two-day conference brought…

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Africa: Senegal Secures .2b IMF Deal As Debt Restructuring Looms

Africa Has the Answers to Its Food Security Challenges. What It Needs Is the Architecture to Act On Them

Kigali, Rwanda — As leaders gather in Kigali for the Africa Food Systems Forum, CGIAR’s Ismahane Elouafi argues that Africa must connect proven agricultural innovation with the finance, partnerships and delivery systems needed to achieve impact at scale. As leaders gather in Kigali for the Africa Food Systems Forum, they face an urgent question: why…

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