African News
The Minister warns that Africa remains trapped by a “prejudice premium” in global finance, calling for urgent reforms to unlock affordable capital and drive industrial growth across the continent. Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has called for urgent reforms to the global financial architecture, saying Africa continues to…
Cairo — The word heard most often at a two-day parliamentary forum in Cairo last week was not “commitment”; it was “follow-up.” And the difference mattered. Parliamentarians from Africa, Asia, and the Arab world gathered 28-29 April not to renew pledges made at last year’s TICAD9 summit in Yokohama, but to ask what had actually…
Renewvia Energy Corp. plans to expand its solar-powered mini-grid business into Uganda, Rwanda, Ethiopia and the Democratic Republic of Congo, as private companies move to close Africa’s electricity access gap. The Atlanta-based company expects the expansion to require about $750 million and deliver about 2.1 million electricity connections. Renewvia Solar Africa Chief Executive Officer Trey…
Lafarge Africa Plc shareholders have approved a plan to rename the cement maker HBM Nigeria Plc, marking the formal shift to its new Chinese majority owner. The decision was approved at the company’s annual general meeting on April 30, 2026. The board was authorized to amend the company’s articles and take the steps needed to…
Nairobi — A court has ordered a fresh psychiatric evaluation for murder suspect Kennedy Kalombotole following conflicting medical reports on his mental fitness, with the judge indicating that he could be referred to South Africa for further assessment if local specialists fail to reach a conclusive finding. The court directed that Kalombotole undergo examination before…
President Paul Kagame has called on African leaders to move beyond analysing global crises and instead take coordinated action, saying the continent must respond more decisively to a rapidly shifting geopolitical and economic environment. He said this at the opening of the 2026 Africa CEO Forum in Kigali, which brought together about 2,800 participants from…
The Africa CEO Forum could give local firms access to capital, partnerships, and regional markets, economists who spoke to The New Times have said. The forum, which is taking place between May 14 to 15, has become Africa’s most influential private sector platform. ALSO READ: Rwandan firms eye deals at Africa CEO Forum Keep up…
A conference on financing the African Union’s peace efforts will be held in Paris by the end of this year, French President Emmanuel Macron said while on a visit to Ethiopia. Macron has been in Africa on a five-day visit this week, including for a two-day economic summit in the Kenyan capital, Nairobi. On Wednesday,…
A complex international operation to disembark and repatriate passengers from the hantavirus-hit MV Hondius has concluded in Tenerife, with the World Health Organization (WHO) praising Spain’s leadership while warning that global coordination must continue in the weeks ahead. Almost 150 passengers and crew from 23 countries had been stranded aboard the Dutch-flagged cruise ship for…
KPA under fire over ‘irregular’ recruitment as civil society alleges nepotism and tribalism Kenya Ports Authority managing director, Captain William Ruto, in the spotlight over alleged irregular recruitment. PHOTO/KPA. By SHIPPING CORRESPONDENT [email protected] Fresh controversy has engulfed the Kenya Ports Authority (KPA) after a civil society organisation accused the State corporation of carrying out an…
