AfCFTA Could Double Intra-African Trade by 2035, Says Afreximbank Chief
Intra-African trade could double by 2035 if the AfCFTA is fully implemented, says Afreximbank President Prof. Benedict Oramah. Speaking at the launch of his new book during the bank’s 32nd Annual Meetings, Oramah highlighted a shift in global trade dynamics toward South-South partnerships. Africa’s trade with other developing countries now accounts for 68% of total trade, […]
Nigeria Partners with Brazil to Boost Food and Energy Sectors
Nigeria and Brazil have inked a $1 billion deal to transform agriculture and strengthen energy, food security, and defense ties. Announced during Brazilian Vice President Geraldo Alckmin’s visit to Abuja, the agreement will deploy mechanized farming tools, training, and service centers across Nigeria to modernize its largely subsistence-based agricultural sector. Nigerian Vice President Kashim Shettima highlighted […]
Gabon Strikes $3.8B Afreximbank Deal to Boost Mining, Energy, and Transport Sectors
Gabon has inked a $3.8 billion deal with Afreximbank to supercharge its development ambitions across mining, energy, and transport. Signed during Afreximbank’s annual meeting in Abuja, the agreement will support the formalization of gold and manganese trading, expand energy infrastructure, and modernize the country’s railway. With 70% of Gabon’s gold production currently informal, and poor infrastructure stalling […]
African Startups Are Undervalued—A New Report Says Poor Storytelling Is to Blame
A new report by Talking Drum Communications reveals that African startups are globally undervalued—not for lack of innovation, but for lack of compelling storytelling. Despite the continent’s growing tech ecosystem, many startups fail to convey their value beyond founder-led or product-centric narratives. This communication gap limits funding, credibility, and growth, especially in complex sectors like B2B […]
Ghana Secures $2.8 Billion Debt Relief in Boost to IMF Bailout Plan
Ghana’s parliament has greenlit a $2.8 billion debt relief deal with 25 creditor nations, including China, France, and the US, marking a major step in its economic recovery journey. The agreement supports Ghana’s $3 billion IMF bailout program, aimed at stabilizing its economy after a 2022 default on external debt. The restructuring will delay debt repayments for […]
Rewrite the Rules: Debt Forgiveness Is the Only Path to Fair Development
The Global South remains shackled by a debt system rigged to favor the wealthy North, where loans masquerade as development tools but reinforce economic dependency and erode national sovereignty. Countries from Africa to the Caribbean endure soaring borrowing costs, unjust credit ratings, and austerity-driven policies that hollow out public services. Meanwhile, aid often arrives with strings that […]
