Category Global

World Bank Sets Safeguards on Uganda Loans Amid Anti-gay law

THE World Bank has announced the introduction of new measures to ensure that recipients of its loans in Uganda are not discriminated against, following the country’s enactment of a controversial anti-gay law. These measures, which include independent monitoring mechanisms, will…

$164m Bet on Showmax: Africa’s leading Netflix Rival

  SINCE April 2024, MultiChoice and Comcast have invested $164 million into the African streaming platform, Showmax. This partnership, which includes NBCUniversal and Sky, began in April 2023 and aims to make Showmax the leading video-on-demand platform in Africa. NBCUniversal now holds a 30 percent stake in…

$40m Fund Launched to Empower African Creatives Globally

  A NEW $40 million fund, called the Next Narrative Africa Fund, has been launched to empower content creators across Africa and the African diaspora. The initiative aims to finance the development, production, and marketing of projects that challenge long-standing stereotypes about…

Angola’s Bold Economic Reforms Backed by $160m AfDB Support

IN a recent meeting in Luanda, Angola’s President João Manuel Lourenço and African Development Bank (AfDB) President Dr Akinwumi Adesina discussed the sweeping economic reforms Angola is implementing to diversify its economy, reduce debt, and create jobs for its youth. The meeting,…

Synergies Between Poverty Eradication And Green Investment

  IN today’s global quest for sustainable development, two significant challenges have come to the forefront: poverty eradication and green investment. These intertwined priorities are becoming increasingly recognised for their potential to drive mutually beneficial outcomes. Addressing poverty while promoting…

Senegal PM Launches Probe into Massive Corruption Scandal

  ON Thursday, Senegal’s Prime Minister, Ousmane Sonko, announced the launch of investigations into what he described as ‘widespread corruption’ during the previous administration, accusing former President Macky Sall’s government of financial mismanagement and manipulation of public funds. Speaking to…

Hurricane Helene Makes Landfall in Florida

HURRICANE Helene made landfall on the west coast of the U.S. state of Florida, the US National Hurricane Center said on Thursday evening, with officials talking of at least one fatality. Shortly before making landfall, the National Hurricane Center classified…

Israel: Hezbollah’s Drone Chhief Killed

THE Israeli military said an airstrike near Beirut killed a senior Hezbollah commander who was responsible for the group’s drone fleet. The Israel Defense Forces (IDF) said air unit commander Muhammad Hussain Sarur was killed in the targeted attack. Hezbollah…

Mali, Burkina Faso, Niger Juntas Probe French Journalist

  PROSECUTORS  in Mali, Burkina Faso, and Niger have opened investigations into French journalist and researcher Wassim Nasr, accusing him of being an ‘apologist for terrorism’ following his analysis of recent jihadist attacks in the region. Nasr, a security expert…