Addis Ababa, — Executive Secretary of the UN Economic Commission for Africa (ECA), Claver Gatete has urged a shift from rhetoric to results, calling for financial instruments that reflect Africa’s development needs. Speaking at a joint side event hosted by the UN’s five regional commissions at the Fourth International Conference on Financing for Development (FfD4)…
Non-profit organisation, i-Scholar initiative, iSI, has urged African countries, especially Nigeria, to use foreign education as a catalyst for socio-economic growth. Partner at iSI, Patricia Ochogbu, said across the world, social and economic transformation was dependent on nations strategically investing in human capital development both locally and internationally, stressing that Nigeria must do the same…
Abuja — Trade is set to expand at an average of 5.1 per cent a year through 2026, before quickening to 5.4 per cent by 2028 Africa’s trade projected to hit $1.5 trillion in 2025 as growth momentum builds Africa’s intra- and extra-regional trade is on course to reach US$1.5 trillion in 2025, according to…
Across Africa, some of the most resilient and effective entrepreneurs are displaced women. With forced displacement at an all-time high and economies under pressure to grow inclusively, the case for investing in displaced women has never been more urgent. There are 44 million forcibly displaced individuals across Africa – a powerful workforce, consumer base, and…
Prime Minister Edouard Ngirente has issued a rallying call for a continental shift toward nuclear energy, urging African nations to act collectively and decisively in a bid to close the continent’s energy gap as demand surges with population growth. ALSO READ: Small modular reactors key to Rwanda’s energy sovereignty Ngirente was speaking at the opening…
United Nations Economic Commission for Africa (ECA), has called on African countries to embrace nuclear energy as a strategic solution to the continent’s deepening energy crisis. In a statement on Saturday, Executive Secretary of ECA, Claver Gatete, said that it was unacceptable that over 600 million Africans still lacked access to electricity. Gatete described the…
South Africa finished the day one on 418 for 9 against sloppy Zimbabwe South Africa 418 for 9 (Pretorius 153, Bosch 100*, Brevis 51, Chivanga 4-82) vs Zimbabwe How much luck is too much? Long before 19-year-old Lhuan-dre Pretorius became the youngest ever to score 150 in men’s Test cricket, he had been given four…
President Lazarus McCarthy Chakwera has met with Africa’s richest man, Aliko Dangote, in Abuja, Nigeria, where he is attending the 32nd Afrexim Bank Annual Summit. Hot on the heels of another high-level meeting with billionaire Tony Elumelu, Chakwera’s engagement with Dangote marks a deliberate strategy to court heavyweight African investors capable of shifting Malawi’s economic…
Former President Olusegun Obasanjo has attributed Africa’s stagnation to a combination of poor leadership, endemic corruption, overdependence on foreign aid, and the continent’s adoption of a democratic model ill-suited to its realities. Speaking at the 32nd Annual Meeting of Afreximbank in Abuja on Thursday night, Obasanjo argued that Western liberal democracy, inherited from colonial powers,…
Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…
