Sub-Saharan Africa’s construction sector is entering a crucial transformational periods. At the centre of this transformation is the Programme for Infrastructure Development in Africa (PIDA), a continent-wide initiative designed to close critical infrastructure gaps by 2040 through more than 400 priority projects spanning energy, transport, ICT, and transboundary water systems. With over $360 billion committed,…
Geneva/New York — New UN report on child mortality fully assess leading causes of under five deaths for first time An estimated 4.9 million children died before their fifth birthday in 2024, including 2.3 million newborns, according to new estimates released today. Most of these deaths are preventable with proven, low-cost interventions and access to…
An estimated 4.9 million children died before their fifth birthday in 2024, including 2.3 million newborns, according to new estimates released today. Most of these deaths are preventable with proven, low-cost interventions and access to quality health care. According to the report – Levels & Trends in Child Mortality – under-five deaths globally have fallen…
The U.S. and Israeli attacks on Iran are focusing attention on the Strait of Hormuz, a narrow but strategically vital waterway in the region that serves as a key artery for global oil shipments. The passage of oil tankers and other commercial ships has all but halted in the strait, sparking concerns that a prolonged conflict in…
Africa’s CEOs are optimistic but slow to scale artificial intelligence. (Image created using GenAI via ChatGPT) African CEOs continue to trail their global counterparts in deploying artificial intelligence (AI) across business functions, as they remain stuck in experimental AI phases, finding it difficult to scale initiatives into enterprise-wide deployments. This is one of the key…
South Africa’s annual inflation slowed more than expected in November, strengthening the case for an interest-rate cut early next year as the central bank shifts toward a lower inflation target. Consumer prices rose 3.5% from a year earlier, down from 3.6% in October, Statistics South Africa said on Wednesday. On a monthly basis, prices fell…
Shoppers purchase groceries at the upscale LuLu Hypermarket located in the Lulu International Shopping Mall in Kerala, India, on May 25, 2022. Nurphoto | Nurphoto | Getty Images India’s consumer inflation continued to ease in July, dropping for a ninth straight month to 1.55%, below analysts’ estimates, government data showed Tuesday. The headline inflation rate…
Hiruy Amanuel, co-founder, Gullit VC Partner Content After years of rapid expansion, the continent’s startup ecosystem is now adapting to a more measured pace, with investors emphasising sustainable business models and long-term value creation. According to the African Private Equity and Venture Capital Association (AVCA), total funding for African startups declined by 46% in 2023…
