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…
Despite official US boycott, participants agreed for shared responsibilities in dealing with the challenges of climate change and reforms in the UN with the objective of equitable global governance The first ever G20 summit on the African continent concluded on Sunday, November 23 on a note of shared responsibilities to deal with global inequality and…
Many developing countries, particularly in Africa, are experiencing a rapidly worsening sovereign debt crisis, according to global economic experts. Economic stability is at risk if this crisis is not addressed quickly and thoroughly, and experts are calling on G20 leaders to commit to strong actions as they prepare to meet this month in Johannesburg, South…
A New Scramble, Waged in Data Africa is once again at the center of a global scramble. This time not for rubber, gold, or oil, but for data. Every mobile payment, social media post, satellite image, and biometric enrollment enriches the digital empires of Silicon Valley, Shenzhen, and other power centers. The pattern is hauntingly…
The Africa Sovereign Carbon Registry Foundation is urging African nations to exercise their right to collect carbon contributions under the “polluter pays” principle. The foundation spoke this week at the second Africa Climate Summit (ACS2) in Addis Ababa, where it was officially endorsed by the African Union. Paul Sébastien, an international carbon markets expert and…
ITWeb contributor Phillip de Wet. Microsoft apparently has the “most comprehensive set” of solutions. Google offers “the most comprehensive and flexible solution”. But AWS, according to AWS, is “the only fully-featured, independently operated” solution. It’s a great time to be in the market for a sovereign cloud – as long as you are in Europe….
President Bola Ahmed Tinubu has called for collective action and regional cooperation among African countries in developing Africa’s sovereign wealth. The president gave the charge on Monday in Abuja when he declared open the 4th Annual Meeting of the Africa Sovereign Investors Forum (ASIF), hosted by the Nigeria Sovereign Investment Authority (NSIA). Tinubu, who was…
