Nairobi — A new report examining the economic impact of oil and gas production in Africa has found that fossil fuels have failed to deliver sustained or inclusive economic development, observing that the resources have contributed to economic vulnerability and inequality and have constrained growth through prohibitive commodity prices, inflation, and weak local currencies. It…
Bae Kyung-Hoon, South Korea’s science and ICT minister, speaks during a memorandum of understanding signing ceremony in Seoul, South Korea, on Monday, April 27, 2026. Google DeepMind is teaming up with South Korea on the country’s K-Moonshot project, which uses AI to solve complex scientific problems. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg…
EDITORIAL | Kenya’s G-to-G oil deal smells increasingly like a sovereign transfer of wealth to private firms The Kenyan public was promised stability. What it may have received instead is one of the most opaque and politically loaded commercial arrangements in recent memory. When Nairobi unveiled its Government-to-Government (G-to-G) oil import deal with Saudi Arabia…
President Museveni has called on African political parties to prioritise wealth creation, science, technology, and job creation if the continent is to overcome poverty and safeguard its independence. The President made the remarks during a fraternal dinner organised by the National Resistance Movement Secretariat at Kampala Serena Hotel following his inauguration earlier in the day….
The West African country holds Africa’s third-largest gold reserves, plus vast lithium and uranium deposits. Mali has been gripped by a succession of coups, political instability and a security crisis since at least 2012. In the most recent upheaval on April 25, an al-Qaeda-linked armed group joined forces with Tuareg separatists to launch simultaneous attacks…
Pope Leo XIV urged residents of the cosmopolitan Mediterranean principality of Monaco on Saturday to use their wealth, influence and Catholic faith for good, especially to uphold Catholic teaching on protecting the sanctity of life. Leo made a one-day trip to the glitzy enclave, becoming the first pope to visit since Pope Paul III came…
Now, at 30, Pinkham owns a home in the Seattle area and is planning to build an expensive addition. When he and his wife think about having kids, he said child care costs aren’t a major concern, and if he were to lose his job, he’d have enough savings to get by for years. But…
You’ve probably heard the saying, “The rich become richer, while the poor become poorer”. It’s about how uneven financial progress can be. One of the reasons behind financial inequality is the gender pay gap, but the wealth gap is even more revealing. It explains why disparities persist between the rich and the poor. Wealth –…
Washington — Six countries of the Congo Basin–Cameroon, Central African Republic, the Democratic Republic of Congo, Equatorial Guinea, Gabon, and Republic of Congo–are working to take bold steps to unlock results-based payments and climate finance. The newly launched Strategic Roadmaps for Carbon Market and Climate Finance in the Forest Sector for the Congo Basin Countries…
Addis Ababa — In a forceful address at the 39th African Union Summit, United Nations Secretary-General António Guterres delivered what many observers are calling one of his most direct endorsements yet of Africa’s long-standing demands: permanent representation on the UN Security Council and full economic sovereignty over its vast natural resources. Standing before African heads…
