TLDR The African Credit Rating Agency (AfCRA), a new privately owned credit rating body, is set to begin operations by September 2025 The agency is backed by private sector stakeholders across Africa, not governments, to ensure independence and credibility The launch was originally planned for June 2025 during an African Peer Review Mechanism (APRM) summit,…
Kenya – A new initiative is using AI-powered drones to identify and eliminate mosquito breeding grounds in Ghana and Sierra Leone, in a bid to prevent malaria outbreaks. At dawn in Busia County, western Kenya, 10-year-old Angela Wanjiru lies motionless on a wooden bench in front of a rural dispensary. Her fever is high, and…
China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States. The move, announced at a China-Africa co-operation…
The African Union Commission expresses its profound sorrow and deepest condolences to the Government and people of the Republic of India, and to all other nations affected, following the tragic crash of Air India Flight 171 earlier today, which has claimed the lives of at least 204 individuals. On behalf of the Commission and the…
TLDR Mediterrania Capital Partners (MCP) has announced the final close of its fourth investment vehicle, raising €600 million ($686 million) The Malta-based private equity firm will use the capital to support mid-cap and SME businesses across North and West Africa The fund targets sectors with strong growth potential, including healthcare, financial services, FMCG, logistics, education,…
Addis Ababa, — The Chairperson of the African Union Commission, H.E. Mahmoud Ali Youssouf, expresses deep sorrow at the passing of H.E. Dr. Edgar Chagwa Lungu, Former President of the Republic of Zambia. H.E. Dr. Lungu served his nation and the African continent with dedication and distinction. His contributions to the advancement of democratic governance…
Mo Ibrahim, a Sudanese billionaire and the founder of the Mo Ibrahim Foundation, has criticised the African Union’s (AU) leaders about overreliance of foreign donors to run the organisation’s affairs. Speaking during the 2025 Ibrahim Governance Weekend in Marrakech, Morocco, over the weekend, Ibrahim said it is unacceptable that the majority of the AU’s funding…
The African Union Development Agency (AUDA-NEPAD) and African Union Commission (AUC) in collaboration with Government of the Republic of Angola will host Africa’s biggest Infrastructure Financing Summit from 23-24 October 2025 in Luanda, Republic of Angola. Following the momentum of previous editions, including the 2023 Dakar Infrastructure Financing Summit, this year’s gathering is part of…
