Addis Ababa — The United Nations Economic Commission for Africa has urged African leaders to undertake a fundamental restructuring of the continent’s economic model, cautioning that dependence on raw commodity exports can no longer sustain long term development goals. Addressing the 48th Ordinary Session of the Executive Council of the African Union, which opened today…
The Chairperson of the African Union Commission, H.E. @ymahmoudali, yesterday evening held consultations with the Permanent Representatives of the AU Regional Economic Communities (RECs), briefing them on the Commission’s strategic priorities ahead of the 48th Ordinary Session of the Executive Council & the 39th Assembly of Heads of State & Government (Addis Ababa, 11-15 Feb…
Nairobi — The United States Africa Command (AFRICOM) says it is intensifying cooperation with African partners to confront a growing terrorist threat, increasingly linking security efforts with economic development and long-term regional stability. Speaking during a digital press briefing, AFRICOM Commander Gen. Dagvin R.M. Anderson said militant groups affiliated with ISIS and al-Qaida continue to…
Addis Ababa — The African Union (AU) and the United States have reaffirmed their commitment to strengthening cooperation to promote peace, security and economic growth across Africa. US Deputy Secretary of State Christopher Landau held talks in Addis Ababa with African Union Commission Chairperson Mahmoud Ali Youssouf, focusing on shared priorities and areas of collaboration…
East Africa is expected to be Africa’s fastest-growing subregion in 2026, with GDP projected to expand by 5.8%, according to the UN World Economic Situation and Prospects 2026. The UN names Ethiopia and Kenya as the main drivers, putting the sub-region well ahead of the continent’s projected 4.0% average. The UN report says East Africa…
As the world shifts to clean energy, minerals such as lithium, cobalt and manganese have become as important as oil once was. Africa holds large reserves of these critical minerals. Yet they are mostly exported as raw materials, returning as expensive green technologies made in factories overseas. South Africa’s G20 presidency set up a new…
This morning at the AU, H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission, received H.E. Mr. Sudhakar Dalela, #India’s Vice Minister for Economic Relations responsible for AU affairs. During their meeting, they underscored the strong Africa-India partnership in energy, agriculture & trade. They also discussed preparations for the May 2026 India-Africa Summit, &…
JPMorgan Chase CEO Jamie Dimon pushed back on calls by the administration of United States President Donald Trump to cap credit card interest rates, claiming that if Congress follows through, it would result in an “economic disaster”. Dimon made his comments on Wednesday at the World Economic Forum in Davos, Switzerland. Recommended Stories list of…
Net Nine Nine CEO Albert Oosthuysen Despite global trends showing a correlation between higher internet penetration rates and GDP growth, South Africa’s high internet penetration has failed to translate into robust economic growth. This is because uncapped fibre broadband reaches only 26% of the population, despite mobile internet penetration exceeding 80%, according to Net Nine…
A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic…
