Digital Africa Is Now. What Are The Leading Initiatives That Are Driving The Market Transformation
The African continent continues to witness a rapid transition from cash-based economies to digitally enabled financial ecosystems. Despite historically high levels of unbanked populations across the region, with almost 350mil people being financially excluded, countries such as Rwanda, Burundi, Somalia, the Democratic Republic of Congo, Mali, Senegal, Kenya, Tanzania, and Guinea, the last two years […]
Africa Energy Indaba And AfIDA Catapult Host Projects Dealroom To Catalyse Energy Investments
The Africa Energy Indaba 2025, scheduled for 4–6 March 2025 at the Cape Town International Convention Centre, is set to feature the Energy Projects Dealroom run by AfIDA Catapult — a dynamic platform designed to facilitate energy deal flow across Africa. This initiative aims to attract investors, financiers, and developers, fostering partnerships that will drive the continent’s energy sector forward. The […]
Nigeria Lands $7.6 Billion in Investment Interest at Africa Forum
Dr. Akinwumi Adesina, the president of the African Development Bank (AfDB), has revealed that the Africa Investment Forum (AIF) 2024 secured $7.6 billion in investment interest for Nigeria. The West African country emerged as a key highlight of the event, held in Rabat, Morocco, with several state governors presenting investment-ready projects across different sectors, including […]
Ghana’s President Axes Seven Ministries to Reduce Costs
John Mahama, Ghana’s new president, has dissolved seven ministries as part of efforts to streamline governance and meet fiscal discipline requirements tied to a $3 billion IMF bailout. The decision, announced via email, aims to cut costs and enhance government efficiency amid Ghana’s ongoing economic struggles such as high inflation, youth unemployment, and unsustainable debt. […]
Mozambique’s Parliament Sworn In Amid Opposition Boycott and Protests
Mozambique’s newly elected parliament was sworn in on Monday amidst heightened security and a boycott by opposition parties Renamo and the Mozambique Democratic Party disputing the October election results. Armored vehicles and police surrounded the parliament in the country’s capital, Maputo, while streets were deserted following protests by supporters of opposition leader Venancio Mondlane. Mondlane, […]
Barrick Halts Mali Operations After Government Seizes Gold Stock
Canadian mining giant Barrick Gold has indicated it may suspend operations at its Loulo-Gounkoto mines in Mali after the government seized approximately three metric tons of gold, valued at $245 million, over the weekend. The gold, seized under a court order tied to a $5.5 billion tax dispute, was reportedly transported by helicopter to the […]
Nigeria Allocates Recovered $52.9M Funds to Rural Electrification Projects
Nigeria will channel $52.9 million in recovered assets linked to former Petroleum Minister Diezani Alison-Madueke toward rural electrification projects. The funds were repatriated under an Asset Return Agreement with the US, marking the first recovery of assets linked to Alison Madueke. Of the total, $50 million will improve renewable energy access through the World Bank, […]
Stilfontein Tragedy: Rescuers Recover More Bodies as Illegal Mining Crisis Deepens
Rescue efforts at a disused South African gold mine in Stilfontein have recovered six more bodies, bringing the death toll to 15. The operation, now in its second day, has led to the rescue of 34 individuals. However, scores of illegal miners, known locally as “zama zamas,” are still trapped underground. Last year, Stilfontein authorities […]
Ugandan Military Court to Try Kizza Besigye on Treachery Charges
A Ugandan military court has ruled that opposition leader Kizza Besigye can face trial on treachery charges, a crime punishable by death. Besigye, a four-time presidential contender, was arrested in November alongside two co-accused, including a serving army officer. He was then charged with illegally possessing a firearm and soliciting military support to destabilize national […]
Earth’s Climate Hits Critical 1.5°C Milestone in 2024
The year 2024 marked a grim milestone as global average temperatures exceeded 1.5°C above pre-industrial levels for the first time, according to the EU’s Copernicus Climate Change Service. While this does not mean the Paris Agreement’s long-term threshold was breached, the report underscores the escalating impacts of climate change. A strong El Niño and human-induced […]
