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.…
THE number of millionaires in Africa has decreased by nearly 20,000 in the last ten years, as the continent’s ultra-rich either relocated or suffered from significant currency depreciations. According to a report by Henley & Partners, there are now 135,200 individuals with…
AT a key summit in Nairobi this week, campaigners warned that Africa is being crippled by costly loans and unfair interest rates, demanding a rebalance of global financing to support the continent’s development. ‘Africa is at a very crucial moment…
Africa stands at the forefront of global youth demographics, boasting over 400 million individuals between the ages of 15 and 35. Recognizing the pivotal role of young entrepreneurs in propelling economic progress, NJ Ayuk, Executive Chairman of the African Energy…
LATE April, Nigeria’s President Bola Tinubu, Rwanda’s Paul Kagame, and over 35 ministers from across Africa participated in the Special Meeting on Global Collaboration, Growth, and Energy for Development in Riyadh. The emerging economic relations between Africa and the Gulf…
DEMOCRACY in Africa has not had a good year. Military juntas from Mali to Niger appear to have cemented their grip on power. Sudan’s democratic dreams were dashed when the country’s two most powerful strongmen opted for war. And there’s now evidence that ordinary…
IN Livingstone, Zambia’s picturesque tourist hub, the 2024 African Land Forces Summit launched on Monday with a robust gathering of more than 500 delegates from 40 African nations, Europe, and the Americas. Set against the backdrop of the theme Regional Solutions…
IN a forecast that could reshape the landscape of African wealth, the 2024 Africa Wealth Report by Henley & Partners predicts a substantial 65 percent increase in the number of millionaires across the continent over the next decade. Highlighting a surge in…
IN a pivotal move towards sustainable energy development, the Africa Green Hydrogen Hub was unveiled on Thursday at Strathmore University in Nairobi. This collaborative initiative, aimed at accelerating Africa’s clean energy transition, drew praise from key stakeholders. Isaac Kiva, the…
IN a new report released on Monday, the World Bank anticipates a modest uptick in economic growth for sub-Saharan Africa over the next couple of years. However, the projected growth rates are unlikely to significantly alleviate poverty across the continent,…
