Nairobi — President William Ruto has called on African countries to move beyond the political liberation secured by previous generations and pursue economic independence through industrialisation, manufacturing and intra-African trade. Addressing leaders at the inauguration of Zambian President Hakainde Hichilema for a second term in Lusaka on Tuesday, Ruto said Africa’s next historic task was…
Treasury Secretary Scott Bessent and Russian Finance Minister Anton Siluanov at the G20 Finance Ministers Meeting in Asheville, N.C. on Aug. 31, 2026. Courtesy: U.S. Treasury Department U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in…
The final week of August was marked by intensifying geopolitical competition, continuing wars, humanitarian emergencies, economic uncertainty and devastating natural disasters. From the Middle East and Europe to Africa, Asia and Latin America, governments confronted a series of crises that demonstrated the increasingly interconnected nature of global security, economics, public health and climate change. The…
The emergence of world-class refining capacity in Nigeria led by the Dangote Petroleum Refinery represents more than an achievement in energy. It signals the possibilities of an economy increasingly defined by value addition, industrial capability, and productive investment, writes Peter Uzoho For decades, conversations about Africa’s energy future have been dominated by a familiar question:…
Africa needs to change the way it views sports by moving beyond seeing it as recreation and recognising it as a major economic sector capable of driving growth, according to NBA Africa Chief Executive Officer Clare Akamanzi. Akamanzi made the remarks at the Africa Mindset Reset Forum, held at Kigali Convention Centre on Wednesday, August…
Africa is home to about two thirds of the world’s uncultivated arable land. It is blessed with an average of 300 days of sunshine annually. At a time when many of the world’s advanced countries are experiencing population stagnation or decline, Africa with 1.6 billion people is the world’s second largest continent. Its population is…
Oil prices fell more than 3% on Tuesday as the U.S. pivots to economic sanctions rather than military strikes to pressure Iran. Brent futures, the international benchmark, dropped 3.9% to close at $88.58 per barrel. U.S. West Texas Intermediate crude lost 3.1% to settle at $82.36 a barrel. Prices have fallen more than 5% this…
5m ago Iran-Oman talks on Strait of Hormuz to continue Tuesday Oman and Iran are set to continue their talks on the future management of the Strait of Hormuz on Tuesday, Tehran’s foreign ministry spokesperson Esmail Baghaei said Monday. The spokesperson said Oman’s foreign minister will travel to Tehran to meet with Iranian officials….
Tehran’s grocery stores are well-stocked, but many families can barely afford the basics. Unemployment is soaring and those with jobs are working more hours for money worth half as much as a year ago, putting food, medicine and everything else — except for heavily subsidized gasoline — further out of reach. “We have virtually given…
15m ago USS George Washington aircraft carrier arrives in Mideast to replace USS Lincoln The USS George Washington aircraft carrier arrived in the Middle East Wednesday, according to U.S. Central Command. CBS News previously reported that the USS Washington was headed to the region to replace the USS Abraham Lincoln, about which family members…
