East Africa’s Economic Landscape and the Role of Private Capital
Drawn upon data from the East Africa Venture Capital Association (EAVCA) report to understand how private capital has been instrumental in driving the growth of pioneering enterprises, reshaping industries, and charting new paths for the future in East Africa. According to the report, Kenya traditionally dominates the region’s private capital landscape, accounting for 69% of […]
Senegal: African Development Bank loans over EUR 74 million to strengthen internal resource mobilization and support industrial activities
The Board of Directors of the African Development Bank Group (www.AfDB.org) granted a loan of EUR 74.5 million to Senegal in Abidjan on 1 December 2023 to support the implementation of the first phase of the Resource Mobilization and Industrial Development Support Programme (PAMRDI-I). The programme has a number of objectives: expanding the tax base, […]
The Developed World’s Broken Promises: How Can Africa Finance the Energy Transition? (By NJ Ayuk)
By NJ Ayuk, Executive Chairman, African Energy Chamber (www.EnergyChamber.org) From an African perspective, one of the most important things to come out of COP15, the 2009 United Nations Climate Change Conference in Copenhagen, was the formal recognition of the fact that lower-income countries were not in a position to bear as much of the cost […]
Uganda: African Development Bank to lend more than $252 million to improve rural transport and facilitate regional integration
Meeting on 1 December in Abidjan, the Board of Directors of the African Development Bank Group (www.AfDB.org) approved a loan of $252.83 million to Uganda, to fund the construction of the Laropi-Moyo-Afoji and Katuna-Muko-Kamuganguzi road. The financial support consists of two loans: $179.68 million from the African Development Bank and $73.15 million from the African Development Fund, the […]
Medical Breakthrough in South Africa this World AIDS Day
A new injection that prevents development of HIV showing excellent results in trials. There are still some obstacles to its further rollout in the country, however. South Africa has one of the highest rates of HIV in the world, with over seven million people living with the virus. While the country has made significant strides […]
A Major Step in the Search for Justice for Years of Abuses Committed under Jammeh’s Rule
A court in Germany has sentenced a Gambian man to life in prison for his role in a paramilitary unit that killed opponents of former ruler Yahya Jammeh. Bai Lowe, 47, was a driver for the unit known as “the Junglers”, and was convicted of crimes against humanity, murder and attempted murder. Among the crimes […]
Nigerians are All to Familiar with Shortage of Medications
GlaxoSmithKline Nigeria, the country’s subsidiary of the British pharmaceutical firm, first announced in June that Nigeria’s economic problems and foreign currency crisis were severely affecting its work. In August, it said that it would be shutting down operations. A GSK Global spokesperson said the company was not exiting, but pivoting to a “third-party distributorship”, which […]
Over 55,000 African Doctors have Left the Continent to Global North Countries
Africa’s healthcare systems are grappling with a severe shortage of African doctors due to the exodus of medical professionals leaving the continent in search for better career prospects and higher salaries in high-income countries of the Global North. According to a recent study, Africa has lost over 55,000 doctors from its health systems to Global […]
The Number of Tourists to Egypt has Decreased due to the Gaza War
Sharm el-Sheikh is about a three-hour drive from the Israeli border and, of all of Egypt’s traditional tourist sites, closest to Israel’s border with Egypt. Some resorts in Sharm el-Sheikh depend on visitors from Israel, Hassan continued, and these guests are not coming because of what is happening back home. Other hotels, catering mostly to […]
Playing a Vital Role in Boosting the Growth of Tanzania’s Startup Ecosystem
Serengeti Business Angels Network (SBAN), Ennovate Ventures, and UNCDF Tanzania have launched the Tanzania Business Angel Investors Accelerator (TAA) training programme, aimed at bolstering tech investment and startup growth in Tanzania. In partnership with UNCDF, which builds partnerships with other UN organisations, as well as private and public sector actors, to achieve greater impact in […]
