The Global Africa Investment Summit (GAIS), a platform connecting Africa's untapped sovereign assets with global private capital, was officially launched at the World Governments Summit in Dubai. Co-founded by Dr. Akinwumi Adesina, former president of the African Development Bank Group, and Margery Kraus, founder and executive chair of APCO, GAIS is designed to be
Read more »UN Agencies operating in Somalia have laid off about 700 staff, citing severe funding shortages. Officials say financial support from international donors has stalled, affecting funding for development and humanitarian programs, including projects previously supported by USAID.
Scores of international staff have also been affected by the reduction in the workforce. The cuts come at a time when humanitarian needs
Read more »Aliko Dangote, Africa's richest man, has signed a landmark US$1 billion investment deal with Zimbabwe, signalling renewed confidence in the country's economy under President Emmerson Mnangagwa's administration.
In 2015, Dangote had proposed deals collapse due to bureaucracy and corruption. Dangote said his conglomerate would
Read more »A gold rush in northwestern Zambia has led to violence after posts on social media claimed that the mineral is buried just beneath the surface in the region.
Hundreds of police officers sent to remove illegal miners met with resistance, and some were accused of taking bribes. Reports of easily accessible gold in the area made rounds earlier this year and led to an influx of tens of thousands of people from across
Read more »The Barcelona football team will feature "DR Congo - Heart of Africa" on the back of their training shirts from next season, as a $50 million four-year partnership with the Democratic Republic of Congo (DR Congo) takes effect.
The deal, aimed at promoting tourism and investment, has sparked debate in DR Congo, where critics argue that the funds should address pressing domestic needs, such as the chronically underfunded
Read more »President Donald Trump has praised Liberian President Joseph Boakai for his command of English during a meeting at the White House with leaders from five African nations. Trump said he was impressed and asked where Boakai got his language skills.
Critics said
Read more »Former Democratic Republic of Congo Prime Minister Augustin Matata Ponyo has been sentenced to ten years of forced labour for embezzling around $245 million of public funds, alongside Deogratias Mutombo, the former governor of the central bank, who received a five-year sentence.
Ponyo's lawyer said the ruling was "unfair and politically motivated". The case has stretched over almost four years since the
Read more »French President Emmanuel Macron expressed his desire to seek "forgiveness" for France's colonial rule over Madagascar, beginning with the return of looted cultural artefacts. The island was under French colonial rule from 1896 until 1960, when it gained full independence.
Macron confirmed plans to return cultural items
Read more »President William Ruto is on a state visit to China, where he will participate in the Kenya-China Business Forum, which brings together 100 companies from both countries as they explore investment opportunities.
Ruto is also discussing with Chinese President Xi Jinping "shared economic transformation, sustainable development, and global cooperation".
A statement from the Kenyan Presidency said
Read more »Niger has become the first African country to eliminate onchocerciasis, commonly known as river blindness, a parasitic disease that is the second-leading cause of blindness in the world.
River blindness spreads to humans through the bite of an infected black fly, which is mainly found near rivers and carries the parasitic worm.
World Health Organization (WHO) chief Tedros Adhanom Ghebreyesus has said
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