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Ruto’s Belt-tightening Measures

Ruto’s Belt-tightening Measures

Kenyan President William Ruto has announced budget cuts to seal the budget hole left after the withdrawal of the finance bill. This comes after protests led to the cancellation of contentious tax hikes, which resulted in the deaths of 39 people. Public debt amounts to $78 billion, around 70 percent of Kenya’s GDP. Ruto said […]

The Role of Western-based Multilateral Lenders in Africa’s Policymaking

The Role of Western-based Multilateral Lenders in Africa’s Policymaking

With the IMF seen as driving Ruto’s fiscal and austerity policies, thousands of young, often jobless protesters poured on to the streets with placards such as “We ain’t IMF bitches” and “Kenya is not IMF’s lab rat.” Nationwide protests raged even after the bill’s withdrawal, as demonstrators demanded Ruto quit and labelled him a “puppet” […]

Ten Future-looking Startups Provide Solutions for Africa’s Blue and Green Economy

Ten Future-looking Startups Provide Solutions for Africa’s Blue and Green Economy

Founded in seven African countries — Kenya, Madagascar, Mozambique, Nigeria, Rwanda, South Africa, and Tanzania – the startup ideas were rigorously evaluated and chosen for their innovative approaches to addressing critical challenges in the fish trade, environmental pollution, renewable energy certification, eco-friendly fertilizers, waste reduction and management, clean cooking, cold storage, and sustainable drainage solutions. […]

The African Energy Bank Will be Built in Abuja

The African Energy Bank Will be Built in Abuja

Nigeria emerged as the preferred host nation amidst stiff competition from Ghana, Benin, Algeria, South Africa, and Côte d’Ivoire. The Minister of State for Petroleum Resources, Heineken Lokpobiri, disclosed this while speaking to journalists after a virtual meeting of the council of ministers of the African Petroleum Producers Organisation this week. The African Energy Bank […]

New Forest-mapping Rules may Shut African Crops Out of European Markets

New Forest-mapping Rules may Shut African Crops Out of European Markets

Dejene Dadi Dika, the general manager of the Oromia Coffee Farmers Co-operative Union, which has more than half a million member farms is worried about a new EU deforestation regulation, which requires that every bean sold in Europe be traced to the field it came from. It costs the co-op about $4 to geo-locate each farm, and […]

Open Startup Announces Call for Applications for $50,000 Pre-seed Accelerator Program

Open Startup Announces Call for Applications for ,000 Pre-seed Accelerator Program

RABAT, Morocco, 05 July 2024 -/African Media Agency(AMA)/- Open Startup (OST) continues its commitment to growing the African startup ecosystem with a call for applications for the OST Program. Developed in collaboration with Columbia Engineering and Columbia Business School in New York, the program aims to support early-stage startups and promising talents from Tunisia, Senegal, and Morocco.  The OST Program […]

A Prosperous and Competitive Global Africa

A Prosperous and Competitive Global Africa

The decision to hold the 31st annual meeting of the African Export-Import Bank (Afreximbank) in Nassau, capital of the Bahamas, reflects the Caribbean nation’s ambition to become a bridge between Africa and its diaspora. “Global Africa”, an idea gaining traction across the continent and beyond envisions African nations and their diaspora as a united front, […]

Study Aims to Map the Status of AI Ethical Policies in Africa

Study Aims to Map the Status of AI Ethical Policies in Africa

As the world stands on the brink of a technological revolution driven by AI, the ethical implications of this transformative force have never been more pressing. Africa is emerging as a pivotal player in shaping the ethical contours of AI adoption and governance. With great anticipation and optimism, the Bill and Melinda Gates Foundation, in […]

Harare’s Long-term Goals with the ZiG

Harare’s Long-term Goals with the ZiG

Zimbabwean President Emmerson Mnangagwa hinted that the nation’s new bullion-backed currency will be the sole legal tender before a 2030 deadline to end the current multicurrency system. The change would mean that US dollars, now used in more than 80% of transactions, would no longer be allowed. Last October, Mnangagwa extended dollar use by five […]

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