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…
Despite Africa’s burgeoning startup ecosystem attracting increasing global venture capital (VC) attention, Tanzanian startups often find themselves overlooked. While neighboring countries like Kenya and Nigeria have become hotspots for VC investments, Tanzania’s startup scene struggles to secure similar funding. Several interrelated factors contribute to this disparity. 1. Nascent Venture Capital Ecosystem Tanzania’s VC landscape is…
Africa stands at a defining moment in its educational journey. With the continent’s youthful population projected to double by 2050, education is not just a developmental imperative but the most powerful lever for shaping Africa’s future in the global economy. Yet, Africa’s education systems face critical challenges—ranging from outdated curricula and skills mismatches to limited…
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….
The government of Malawi has announced a fresh investigation into the Chikangawa military plane crash that claimed the life of former Vice President Saulos Klaus Chilima and eight others in June 2024. Minister of Justice and Constitutional Affairs Charles Mhango revealed the decision in Parliament on Tuesday while presenting a progress report on the investigations…
Amid deadly drought, humanitarian organizations forced to drastically scale back services due to funding cuts A new report from the Integrated Food Security Phase Classification (IPC) confirms that hunger across Somalia is rising sharply following 4 consecutive seasons of failed rains and steep humanitarian funding cuts. An estimated 4.8 million people were facing Crisis-level or worse acute food insecurity in January, with that number projected to rise to 6.5 million between February and…
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…
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…
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…
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…