Chad: A Year On, Victims Await Justice
Impunity for “Black Thursday” as Political Space Closes Chadian authorities have failed to carry out prompt, effective, and independent criminal investigations into serious human rights violations linked to massive protests across the country on October 20, 2022, and to hold those found responsible to account, Human Rights Watch said today. Security forces fired live ammunition […]
2024 Presents Unique Challenges for Many African Economies Due to Rising Levels of Debt
The resurgence of global energy prices in the third quarter of 2023 is a timely reminder that central banks’ spirited war against inflation is yet to be won. Although global inflation has decelerated from the record highs of 2022, inflation in the US, the UK and the EU is still higher than the 2% target […]
African Investors Join the Race to Raise Funds Needed to Pay for Climate Adaptation Projects
African countries collectively need to raise around $2.8 trillion by 2030 to meet climate action goals, according to the Climate Policy Initiative research body. Many African governments cannot afford to pay for green initiatives and the ability of private investors to secure funding has been restricted by perceived risks associated with the continent and green […]
Africa’s Wealthiest States have the Highest Number of Applicants for Residence and Citizenship by Investment Programs
The Henley Global Citizens Report Q3 2022 revealed that South Africa and Nigeria were in the top 10 countries globally in terms of applications in 2022, and other African countries generating high levels of applications were Algeria, Egypt, Ghana, Kenya, Morocco, and Uganda. According to Henley & Partners, many African investors are driven by the […]
Accelerating the Growth of the African Entertainment Industry
In its latest initiative, the Sony Innovation Fund: Africa, aims to support the growth of the entertainment businesses in Africa. It will invest in seed to early-stage startups in the entertainment industry in Africa, including startups in the gaming, music, movie and content distribution sectors. Sony is initially allocating US$10 million towards such investments. In […]
South Africa’s State-owned Lender to Help Ports and Rail Company Attract Private Investors
The Development Bank of Southern Africa is working with Transnet to help the embattled South African state ports and freight-rail operator prepare projects for private participation. Transnet has come under severe criticism from miners and other industries dependent on its services after the amount of freight, including key export commodities such as iron ore and […]
Ethiopia’s Homegrown Economic Reform has Set the Stage for Sustainable Growth
Also known as the Reform Program, it was launched under the administration of Prime Minister Abiy Ahmed in 2019. The reform program highlights the importance of the private sector to the national economy and the key role it plays in growing the business environment. The objectives of the reform agenda include securing macro-economic stability in […]
The New Wave of Nigeria’s Soft Power
Ventures Africa, an online platform that tells stories about an evolving Africa, has released a new edition of its business magazine, Ventures Africa BizHive. The magazine covers news analysis and discussions around entrepreneurship, evolving business trends and innovations around Africa. The latest issue, titled ‘The New Wave of Nigeria’s Soft Power‘, explores the sharp-rising entertainment […]
A Quest for Cheaper, more Convenient, Safer Transport in Ghana
Entrepreneur Valerie Labi has developed an electronic bike that she says can be charged as easily as a mobile phone. Gig economy workers are her team’s main focus, as well as women vendors in northern Ghana and Togo. Ms Labi says she had noticed a gap in the market for small vehicles that could deliver […]
Life for Malawi’s 20 Million People has become Harder in Recent Years
Since 2021, the country has been experiencing acute foreign currency shortages, a consequence of reduced exports, experts say. This has led to a scarcity of essential goods such as food, medicine, fertiliser and fuel. In June, spokesperson for the Reserve Bank of Malawi, Ralph Tseka, told local media that the foreign exchange reserves were “nearly […]
