Africa’s displaced population is generating an estimated $27 billion (about Shs100 trillion) in annual income, according to a new report by the Amahoro Coalition, which challenges the long-held view that refugees and internally displaced persons are solely dependent on humanitarian aid. The report, titled The Opportunity in Displacement: Africa’s Untapped Investment Frontier, argues that the…
Cuban lawmakers Thursday adopted nearly 200 historic free-market reforms aimed at rescuing the Communist island from a severe crisis aggravated by a U.S. oil blockade. In a landmark speech to the National Assembly, Prime Minister Manuel Marrero unveiled 176 measures aimed at rolling back the state’s role in the economy and attracting investment in everything…
President Museveni has called for deeper political integration across East Africa and the wider African continent, saying it is essential for addressing future security threats and enabling Africa to compete effectively on the global stage. Museveni made the remarks while delivering a lecture of opportunity to army officers at the Senior Staff College – Kimaka…
Travel bans, visa denials, safety fears, and record-high ticket prices are suppressing World Cup attendance–and threatening both FIFA’s promised $40 billion windfall and a U.S. tourism industry that was already struggling before the opening whistle. Ahead of kickoff, the 2026 men’s World Cup is beset with a slew of travel restrictions affecting entry to the…
Government performance ratings improve slightly, but still overwhelmingly negative. Key findings Six in 10 Africans (59%) describe their country’s economic condition as “fairly bad” or “very bad.” A slim majority (51%) say their country’s economic situation has worsened over the past year. About half (49%) of citizens are optimistic that their country’s economic situation will…
For generations, Africa has exported its wealth and imported its future. From copper and cobalt to crude oil and natural gas, the continent has supplied the raw materials that power global industries while receiving only a fraction of the value generated from them. The result has been a paradox that has defined Africa’s economic story…
Water drives over half of Mozambique’s economy, 90% of exports, and 84% of jobs–yet floods and droughts cost 6.7% of GDP each year. A new World Bank Water Security Diagnostic and the ProAguas Compact 2026-2036 chart a path forward: $14.3 billion by 2030 to secure resources, deliver services, build climate resilience, and mobilize finance. Discover…
African leaders have called for a major rethink of how the continent finances development, manages natural resources and positions itself within the global economy, saying Africa must strengthen economic sovereignty and reduce dependence on fragmented financing systems and raw commodity exports. Speaking during the ongoing African Development Bank Group (AfDB) Annual Meetings 2026 in Brazzaville,…
The Boston Consulting Group (BCG), in its new report, themed: ‘Financing Women’s Digital Entrepreneurship: A Pathway to Closing Africa’s Economic Gender Gap’ has revealed that women’s economic participation in Africa has fallen 0.6 percentage points below 2022 levels, extending the region’s timeline to reach economic parity from 120 years to approximately 170 years. The report…
Africa may have achieved political independence, but the continent’s biggest remaining challenge is economic liberation, according to the Secretary General of the African Continental Free Trade Area (AfCFTA). ALSO READ: Rwanda is where things get done, says AfCFTA’s Wamkele Mene Speaking at an international conference on Africa Day held in Kigali on Sunday, May 24,…
