Africa’s sovereign credit outlook is improving as economic growth stabilizes and fiscal reforms take hold across several countries, according to recent sovereign rating assessments. S&P Global Ratings shows African sovereign ratings at their highest level since 2020. The improvement comes as some governments reduce fiscal deficits and strengthen foreign reserves. The outlook improves after several…
Stockbusters | Istock | Getty Images The third annual CNBC Changemakers list of women transforming business and philanthropy, which launched on Wednesday, recognizes leaders at the forefront of AI and innovators across traditional fields, from finance to healthcare, retail, entertainment and sports. The 2026 Changemakers range from startup founders to high-profile stars such as Kim…
Firefighters in the Australian state of Victoria are battling at least six major fires as a record-breaking heatwave hits the country’s south-east. Two fires are currently burning at “emergency level” according to local broadcaster ABC News. Several communities have been issued emergency warnings to either evacuate, watch and wait, or shelter in place. Fire officials…
Paul Putnam, 53, a rancher and independent contract pumper walks past a pump jack in Loving County, Texas, November 25, 2019. Angus Mordant | Reuters U.S. crude oil on Tuesday fell below $55 per barrel, hitting the lowest level since early 2021 as traders factor in a looming surplus and the possiblity of a peace…
The rand gained further ground on Monday, supported by higher gold prices as local investors look towards the year’s last bit of economic data for clues on the health of South Africa’s economy. Shortly after 2pm, the currency was trading at R16.78/US$, continuing a firming trend that started in April. The rand is now at…
At the recent Mobile World Congress (MWC) in Kigali, a bold proposal took centre stage: African telecom operators and government leaders called for the removal of import duties and VAT on smartphones priced under $100. This clarion call came with the aim to accelerate internet access, digital skills, and participation in the digital economy for…
Four years after its landmark report A Global Deal for Our Pandemic Age, the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response, recently reconvened by the South African G20 Presidency, has found that the world remains dangerously underprepared for future pandemics and must take urgent, coordinated action to…
The Africa Trade Gateway (ATG), a pioneering digital trade ecosystem designed to revolutionize Africa’s trade, has launched an initiative for national adoption awareness in Rwanda, marking a significant milestone in the continent’s economic integration journey. A collaboration between African Export-Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat, the ATG…
Addis Ababa — The Africa Centres for Disease Control and Prevention (Africa CDC) has congratulated the Ethiopian Food and Drug Authority (EFDA) on achieving the World Health Organization (WHO) Maturity Level 3 (ML3) for its medicines regulatory system. This milestone is a major step forward in ensuring the safety, quality, and effectiveness of medicines in…
Addis Ababa, Ethiopia — October 1, 2025 – The Africa Centres for Disease Control and Prevention (Africa CDC) congratulates the Ethiopian Food and Drug Authority (EFDA) on achieving the World Health Organization (WHO) Maturity Level 3 (ML3) for its medicines regulatory system. This milestone is a major step forward in ensuring the safety, quality, and…
