Cheapside, London — Dean Adansi, Chief Executive Officer of Ghana International Bank (GHIB), has unveiled a financing blueprint aimed at breaking Africa’s dependence on raw commodity exports and driving investment into local value addition. Speaking to the BBC on the sidelines of GHIB CONVERGE 2025 in London, Adansi argued that Africa is losing billions of…
A new framework to boost Africa’s ability to finance and manage its own health systems has been launched at the Africa Health Sovereignty Summit in Accra. The framework, called the SUSTAIN Initiative, was introduced on August 5, 2025, under the patronage of President John Dramani Mahama. The summit brought together former Presidents Olusegun Obasanjo of…
ADDIS ABABA – Strengthening transparency in Africa’s natural resource sector is key to tackling illicit financial flows, illegal natural resource trade, and resource-backed lending, the African Development Bank Group (AfDB) has emphasized. The Bank has concluded the Chad leg of its GONAT initiative training and policy dialogue titled “Unlocking Africa’s Wealth: Curbing Illicit Financial Flows…
Addis Ababa, — Addisd Ababa, July Finance chiefs of G20 countries expressed optimism for an agreement on a common position on trade and other global challenges on Friday despite U.S. President Donald Trump’s tariffs which have overshadowed their meeting, according to Reuters. The G20, which emerged as a forum for cooperation to combat the 2008…
Binance, the global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and user base, is celebrating eight years of growth. This milestone reflects the collective impact of a global community that continues to advance crypto towards the mainstream and chart the future of digital finance. Starting as a crypto-to-crypto exchange in 2017,…
Seville, Spain — On the margins of the Fourth International Conference on Financing for Development (FfD4), the African Women Leaders Network (AWLN) convened a powerful High-Level Side Event titled: “Bridging the Global Financing Gap: African Women’s Leadership for Economic Justice and Effective Implementation of Agenda 2063 and Agenda 2030.” The event took place at…
Prime Minister Keir Starmer and Finance Minister Rachel Reeves to his right, looking visibly upset, in the House of Commons on Wednesday. Image sourced under the Open Parliament Licence v3.0 All eyes are now on the U.K.’s ruling Labour Party for any sign of further political fractures that could rattle Britain’s economic stability, after the…
“We’re here in Sevilla to change course,” the UN chief told world leaders on Monday, calling on them to grasp a once-in-a-decade opportunity to close a $4 trillion financing gap facing developing countries to meet sustainable development goals – and build a better world for all. António Guterres issued his clarion call noting that sustainable…
Abuja, Nigeria — Africa’s persistent trade finance gap–now estimated at over $420 billion–poses a critical threat to the continent’s industrial ambitions, job creation, and sustainable economic transformation. But the African Export-Import Bank (Afreximbank) is proposing a comprehensive solution to close this gap and build a more sovereign, resilient, and inclusive African financial ecosystem. The Bank’s…
Eurobonds, debts owed in a foreign currency, have become a quick and attractive way for African countries to borrow money. They are behind a sharp rise in commercial borrowing as a percentage of total external debt: it has nearly doubled from 27% in 2011 to 52% in 2020. This has increased the debt vulnerability of…
