Addis Ababa & Djibouti — The AUC and IGAD have received with keen interest the Joint Statement issued by the Quad comprising the Foreign Ministers of Egypt, the Kingdom of Saudi Arabia, the United Arab Emirates, and the United States of America on the conflict in Sudan. In particular, the African Union and IGAD welcome:…
African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank (ShafDB) have signed a groundbreaking Joint Project Preparation Facility (JPPF) Framework Agreement. This strategic partnership aims to unlock a cumulative investment value of at least US$1 billion and is set to significantly transform housing and urban development across the continent and boost trade and investment. Signed…
Africa’s leading development financiers have sounded the alarm that weak and underfunded financial institutions are threatening the African Union’s most ambitious blueprint — Agenda 2063, the continent’s 50-year plan for industrialization, integration, and prosperity. Speaking on Monday at the Intra-African Trade Fair (IATF2025) in Algiers, a high-level panel of executives from Afreximbank, the African Development…
Other global south economies provide valuable lessons on successfully transforming remittance flows into broad-based growth. In just over a decade, remittance inflows to Africa have surged from approximately US$53 billion in 2010 to US$95 billion in 2024. During this time, their share of the continent’s GDP rose from 3.6% to 5.1%, making remittances one of…
Arusha — The Minister for Education, Science and Technology, Professor Adolf Mkenda has warned that poor resource management, corruption and the mismanagement of public projects could continue to undermine Africa’s fight against poverty and hinder development. Speaking over the weekend in Arusha at the National Accountability Forum (YAIF), organised by the Wajibu Institute, Prof Mkenda…
In a move aimed at strengthening Africa’s digital infrastructure and sovereignty in artificial intelligence, four technology companies from Australia, Nigeria, the UAE and the Netherlands have signed a Memorandum of Understanding (MoU) to establish AfricAI, a multinational joint venture dedicated to building enterprise-grade AI solutions tailored to African markets. Nigeria has been selected as the…
The SABS requires a solution that will use the latest technology to automate end-to-end business processes and procedures. The ICT industry is back in favour this week, with National Treasury’s eTenders Portal featuring a number of tech-focused advertisements, particularly from state-owned entities. The South African Bureau of Standards (SABS) takes the headline, however, with its…
Trapped by geography and squeezed by global market forces, the world’s 32 landlocked developing countries remain among the poorest – and most overlooked. At a major UN conference underway this week in Awaza, Turkmenistan, calls are growing to tackle the high trade costs, investment gaps and growing digital divide that continue to hold these countries…
Washington, DC — Every four years, a new U.S. administration brings with it a reshuffling of global priorities. Africa is often included in that process but rarely centered. While high-level visits, peace deals, and trade agreements may signal renewed attention, sustained engagement is frequently undermined by shifts in leadership, budgets, and institutional agendas. Today, the…
Monrovia — As global financial aid continues to decline, experts warn of the increasing risks posed to low-income countries and urge regional stakeholders to look inward to fund much-needed development. Speaking at the African Transformation online briefing on Tuesday, the Manager of Resources and Partnerships at the African Development Fund (ADF), Valerie Dabady, said the…
