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South Africa’s IFP To Join Unity Govt With ANC And DA

SOUTH Africa’s Inkatha Freedom Party (IFP) announced on Wednesday that it will join a unity government with the African National Congress (ANC) and the Democratic Alliance (DA). This decision comes as parties rush to finalise a deal before the newly elected parliament convenes on Friday. The…

Africa’s Great Green Wall Faces Funding Shortfall, Delays

AFRICA’S Great Green Wall project, designed to restore degraded landscapes and bolster economies across the continent, is significantly underfunded and unlikely to meet its 2030 completion goal, according to Alain Richard Donwahi, president of the recent UN summit on desertification.…

Ghana Finalises Debt Pact, Clears Path For IMF Funding

GHANA has finalized a pact with its official creditor committee to formalize a debt restructuring deal agreed in January, smoothing the path towards further funding from the International Monetary Fund (IMF), its finance ministry announced on Wednesday. This agreement sets…

Bank Predicts Africa’s Remittance Market To Hit $500bn By 2025

INCREASED competition, stakeholder collaboration, and investment in financial infrastructure are key to reducing global remittance fees, according to Risana Zitha, Managing Director and Head of Africa at investment banker DAI Magister. Zitha emphasised the significant role remittances play in the African…