President Bola Ahmed Tinubu has thanked Nigerians for their patience and understanding over his reforms, stating that the worst effect of his administration’s reform agenda is already behind us as a people. In his message to Nigerians on the two year anniversary of his administration, President Tinubu insisted that his reforms were necessary to keep…
When the presidency of the Group of 20 rotated to South Africa last year, the government launched a year-long campaign to highlight the country’s assets and advocate for an ‘African agenda’. On November 22nd and 23rd, leaders of G20 members – 19 of the largest developing and developed countries and the European Union and Africa Union –…
Mauritanian candidate Sidi Ould Tah was elected president of the African Development Bank on Thursday, securing a decisive victory over his Zambian opponent Samuel Munzele Maimbo in the third round of voting. Ould Tah succeeds Nigeria’s Akinwumi Adesina as the head of Africa’s leading financial institution. Formerly the president of the Arab Bank for Economic…
My agenda prioritises speed of delivery, which means investing in capacity building and integrating digital solutions, including AI and data analytics, to improve efficiency and accountability Former Mauritanian Finance Minister and candidate for president of the African Development Bank (AfDB), Sidi Ould Tah, promised internal reforms at the regional development institution if elected at the…
TLDR Morocco has launched derivatives trading on its Casablanca Stock Exchange (CSE), introducing a futures contract based on the MASI 20 index, which tracks the 20 most liquid stocks in the market. The move is part of a broader strategy to deepen capital markets, attract more investors, and regain MSCI emerging-market classification after 12 years….
China has long been a significant player in Africa’s energy sector, historically focusing on large-scale fossil fuel projects. However, recent developments indicate a strategic pivot towards renewable energy investments across the continent. Transition to Renewable Energy At the 2024 Forum on China–Africa Cooperation (FOCAC) in Beijing, China announced plans to develop 30 renewable energy projects…
Africa’s coworking space sector is experiencing a remarkable surge, driven by a burgeoning entrepreneurial ecosystem, the rise of remote work, and a growing demand for flexible, collaborative work environments. This trend is reshaping urban centers across the continent, positioning Africa as a significant player in the global coworking movement. Rapid Market Growth In 2023, the…
Kenya’s youth have a new resource for technical, vocational and entrepreneurial training that is set to boost self-employment, reduce reliance on formal employment and contribute to Kenya’s socio-economic development. The African Development Bank’s Youth Entrepreneurship and Innovation Multi-Donor Trust Fund unveiled its Technical and Vocational Education and Training Entrepreneurship Project at a ceremony in Nairobi…
Emmanuel Macron said he wants to seek “forgiveness” for France’s colonisation of Madagascar, starting with the return of looted cultural artefacts. During his two-day visit, the French president also announced plans to step up economic ties, including investment in a major hydroelectric dam project. “Our presence here is not innocent, and our history has been…
Kenya has made history in the global fight against wildlife trafficking after four individuals — two Belgian nationals, a Vietnamese citizen, and a Kenyan — were sentenced in a groundbreaking case involving the illegal trade of live garden ants. Lornoy David and Seppe Lodewijckx of Belgium, Vietnamese national Duh Hung, and Kenyan citizen Dennis Ng’ang’a…