The 32nd Annual Meetings of African Export-Import Bank (Afreximbank) witnessed a flurry of deal signings with four project preparation transactions signed between the Bank and various entities that are expected to unlock investments valued at about 1 billion USD that set to transform key sectors across Africa. In Kenya, the groundwork has begun for a…
New Ram vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot in Miami, Florida. Joe Raedle | Getty Images Auto giant Stellantis expects a net loss of 2.3 billion euros ($2.68 billion) in the first half of the year amid pre-tax net charges and early effects of U.S. tariffs, the company said Monday in its…
New York — Today, 3.4 billion people live in countries that spend more on debt interest payments than on health or education. This marks a trembling indication that the United Nations’ promise for the 2030 Agenda could be slipping away. With less than five years left, developing countries are facing an estimated USD 4 trillion…
Elon Musk’s Starlink is reportedly mulling a significant R2 billion investment in South Africa as a potential strategy to secure an operating license, according to anonymous sources cited by Business Day. This move could be a way for the satellite internet company to work around South Africa’s black empowerment regulations. Read: Nothing Phone 3: A…
Bank Zero, the innovative digital mutual bank, is set to be acquired by Lesaka Technologies for R1.1 billion, according to an announcement by Bank Zero chairman and co-founder Michael Jordaan. The acquisition is pending necessary regulatory approvals. Read: Honor unveils the world’s thinnest foldable, the Magic V5 Bank Zero, co-founded seven years ago by Michael…
The General Assembly on Monday approved a $5.38 billion budget for UN peacekeeping operations for the 2025-2026 fiscal year, down slightly from the previous year, as delegates wrapped up weeks of negotiations amid warnings about persistent funding challenges. Acting on the recommendation of its Fifth Committee (Administrative and Budgetary), the Assembly endorsed the budgets for…
United Nations — Tobacco kills up to half its users who don’t quit, a grim reality that highlights the urgent mission of global tobacco control. A new report from the World Health Organization (WHO) reveals that while many countries have followed the organization’s protocols to reduce tobacco use, major gaps still remain in broader implementation….
From June 22-25, more than 2,700 U.S. and African public and private sector leaders gathered for the 17th U.S.-Africa Business Summit, hosted by the Corporate Council on Africa and the President of Angola. This year’s Summit marked a record turnout, including 12 African Heads of State. The U.S. Delegation, led by Ambassador Troy Fitrell, Senior Bureau Official for…
“Over the past 32 years, we have mobilised over $250 billion into Africa.” The African Export-Import Bank (Afreximbank) has disbursed more than $250 billion to support development across Africa over the last three decades, the bank’s president, Benedict Oramah, said on Wednesday at the opening of the bank’s 32nd Annual Meetings in Abuja. Mr Oramah…
The announcement comes amid deep cuts to global aid budgets, which threaten to reverse decades of progress in child survival The Gates Foundation has announced a $1.6 billion commitment to Gavi, the Vaccine Alliance, over the next five years to help deliver lifesaving vaccines to children in the world’s most vulnerable communities. This was disclosed…
