President John Dramani Mahama, the African Union champion of African financial Institutions, has hinted that he is leading advocacy for the repatriation of and investment of part of Africa’s “huge foreign reserves” in African Financial Institutions. According to him, most of these foreign reserves are by colonial construct held in Western financial institutions and, in…
Moscow — Squeezed between import substitution and dependency syndrome, a condition characterized by a set of associated economic symptoms–that is rules and regulations–majority of African countries are shifting from United States and Europe to an incoherent alternative bilateral partnerships with Russia, China and the Global South. By forging new partnerships, for instance with Russia, these…
India and South Africa are both navigating one of the toughest challenges of the 21st century: shifting their electricity systems away from ageing coal-fired power stations while ensuring people still have reliable, affordable energy. South Africa generates about 74% of its electricity from coal, one of the highest shares in the world. Electricity plants are…
Mr Saraki observed that more than six decades after independence, Africa’s project of full sovereignty–economic, political, and intellectual–remains incomplete. Former Senate President of Nigeria, Bukola Saraki, has urged African leaders to dismantle economic and institutional dependency and chart a new course of self-reliance, innovation, and prosperity. Delivering a keynote address at the Democracy Union for…
The sudden winding down of USAID by the Trump Administration, the linchpin of America’s annual $40 billion vast footprint in global assistance programs led to wide ranging discussion on the future of foreign aid. Africa, a major recipient of foreign aid is now in the eye of the storm as United States and Western allies…
As global powers and the tech industry compete for African minerals, the continent needs tech diplomats to negotiate fairer deals. Thirty percent of the world’s critical minerals come from Africa, and their access is a priority for South Africa’s government during its G20 presidency this year. The issue is expected to be a key discussion…
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…
