Two UN agencies issued a powerful appeal on Wednesday for immediate assistance to help communities already being impacted by the strongest El Niño weather pattern on record. “The current El Niño event could be unprecedented in strength – literally, off the monitoring charts that we have used for the past four decades – and will…
The Democratic Republic of Congo needs to urgently expand its community-led response to Ebola as new infections and deaths continue to outpace efforts to contain the outbreak, the World Health Organization and Africa Centres for Disease Control and Prevention said. The DRC had reported 3,973 confirmed cases, 1,801 deaths and 776 recoveries across 51 health…
The three major credit rating agencies – Moody’s, S&P Global and Fitch – have often differed among themselves when rating African institutions and countries. Their opinions don’t have to be aligned, but a huge gap in the ratings suggests inaccuracies in the analyses. Wrong ratings have consequences. They drive up the cost of capital. Lower…
Extreme heat is pushing global food and farming systems to the brink, threatening the livelihoods of over a billion people as rising temperatures and more frequent heatwaves redefine how food is produced worldwide, a new UN report warns. The joint report by the Food and Agriculture Organization (FAO) and the World Meteorological Organization (WMO) finds…
Some developing country governments spend years making the reforms that international financial institutions want – only to find that their efforts are not rewarded. They may make budgets more transparent, publish their debt obligations, set up independent bodies to monitor government spending, and complete an International Monetary Fund programme, but still receive the same ratings…
Africa’s development finance challenge has reached a critical point. Mounting debt pressure is squeezing fiscal space. And essential needs in infrastructure, health and education remain unmet. The continent’s governments urgently need affordable access to international capital markets. Yet many continue to face borrowing costs that make development finance unviable. Sovereign credit ratings – the assessments…
How much we pay for the debt that we incur determines a great deal in our lives. This is true of countries too. In the world of sovereign debt – money raised or borrowed by governments – the cost of debt is dependent on, among other factors, how rating agencies “grade” a country. It’s a…
China has said the United States’ decision to withdraw from United Nations bodies and other entities was a proof that the international landscape was witnessing an effective operation of the multilateral system. The Chinese Foreign Ministry emphasised that only such a system can “stop the law of the jungle from prevailing and stop the ‘might…
The UN Food and Agriculture Organization (FAO) and World Food Programme (WFP) warn of a major hunger emergency, with acute food insecurity set to worsen in 16 countries and territories between now and May 2026, putting millions of lives at risk. A report released by the two UN agencies on Tuesday identifies six that are…
Reflections on Trust, Sovereignty, and Africa’s Economic Destiny When the language of numbers claims to replace the voice of the people—when trust becomes a score and sovereignty a chart—it is time to pause, breathe, and question the gaze that evaluates. The recent downgrade of Senegal by Moody’s revives an essential question: how can one believe…
