A Scoresheet of US Investments in Africa
Victoria Whitney, chief operating officer of the Prosper Africa initiative, says that in the past year, the initiative, which spans 17 U.S. government agencies, has facilitated more than $22 billion worth of deals in more than 30 African countries, with agreements focusing on small and medium-sized African businesses. This week, she announced new measures that […]
African Workers Get Raw Deal in Lebanon
The future for Yemi, a Nigerian former student, was laid out in a contract written in Arabic which she signed in an office in Lagos in June 2019 to enable a recruitment agency bring her to work in Lebanon. She couldn’t understand anything in the contract but decided to take a leap of faith and […]
Terms and Conditions of Zambia and China’s Deal
The lack of transparency in a deal reached between Zambia’s debt-laden government and the China Development Bank (CDB) is making Zambia’s debt crisis worse, says the head of a China-Africa think-tank. Zambia reached a deal with the CDB, the biggest of three state-owned policy banks, to defer debt repayments on a loan that were due […]
AU Panel Criticises Ratings Agencies for Cutting Poor Nations’ Debt Ratings During Pandemic
An African Union review panel criticized credit ratings companies for aggressive downgrades of countries on the continent during the coronavirus pandemic.The African Peer Review Mechanism — an entity of the AU — in collaboration with the African Development Bank and the United Nations Economic Commission for Africa, launched its first Sovereign Credit Rating Review Report […]
South African Regulator Issues World’s Second Largest Fine for Disgraced Executive
The Financial Sector Conduct Authority (FSCA) has fined former Steinhoff CEO Markus Jooste R121-million for insider trading related to the imminent (at the time) crash in Steinhoff shares. The FSCA also fined three other individuals for insider trading – they sold their Steinhoff shares in response to a warning received from Markus Jooste. This brings […]
The White House Puts a Stop to Having an African WTO Head
The US is blocking the appointment of Ngozi Okonjo-Iweala as the next head of the World Trade Organization despite the former finance minister of Nigeria winning the overwhelming backing of the WTO’s 164 members, it has emerged. Dr Okonjo-Iweala had moved a step closer to becoming the first woman and the first African to be […]
Why Authentic African Fashion Matters And How It Is Taking Its Rightful Place On The Global Stage
“Africa has shaken off its history of replicating international fashion trends, Africans are clearly defining what is African. Fashion is bringing about a new season of freedom and exploration into African narratives. Whether it is the music, art or the broader world of African design.” This is the viewpoint of Nicola Cooper, Founder of Nicola […]
Speak Up Africa’s Nine-year Legacy Of Helping Shape Health Policy And Financing In West Africa
By Yacine Djibo, Executive Director of Speak Up Africa Speak Up Africa is an African-led, strategic communications and advocacy not for profit organization whose objectives are to catalyze leadership, enable policy change, and increase awareness for sustainable development in Africa. Founded in 2011 and based in Dakar, Speak Up Africa has made deep inroads into […]
After Producing The World’s First 100% Recycled Refuse Bags, Industry Giant Tuffy Partners With WWF SA
South Africa’s Department of Environment, Forestry and Fisheries have identified the country’s ‘green economy’ as a sector that could contribute to economic recovery from the devastating impact of COVID-19. As integral as plastic is to modern life, we can no longer ignore the devastating effect plastic waste is having on nature. The amount of plastic […]
Professor Kishore Mahbubani Predicts Rise Of Africa At Afreximbank’s Babacar Ndiaye Lecture
African Media Agency (AMA)/- Taking place last week, the Fourth edition of the Ndiaye Lecture was organised at a time of major tectonic shifts around the world and the choice of the main theme “Africa and the Remaking of the New World Order” reflected these developments at the global level. In his keynote address H.E. Professor Kishore […]
