Many African countries have been able to retain the value of their currencies in the face of multiple economic challenges including inflation, political changes, and the dynamics of foreign markets. Strong currencies reflect fiscal policy,…
These are the Best Business Trip Destinations in…
Africa is a continent of immense opportunities and challenges, with a population of over 1.3 billion people and a GDP of over $2.6 trillion. The continent is home to some of the fastest-growing and most…
Gauteng Introduces High-Tech Number Plates To Enhance Vehicle…
Motorists in Gauteng, a province in South Africa, will soon have to apply for new high-tech number plates for their vehicles. These new number plates will have several features to enhance security and efficiency. They…
Cement Prices In Nigeria Reach Record High Of…
In Nigeria, the price of cement has skyrocketed to a record high of N7,000, doubling from around N3,300 to N3,500 just three years ago. This sharp increase is mainly due to the country's rising inflation.…
Construction underway for Africa’s largest desalination plant in…
Facing recurring periods of drought, the kingdom is turning to seawater desalination technology. Casablanca has initiated the construction of the largest plant on the continent. The objective is to produce 300 cubic meters of drinking…
Reserve Bank Of Zimbabwe To Announce New Measures…
Zimbabwe is facing serious economic problems, with its currency, the Zimbabwe dollar, dropping to new lows. Recently, the value of the Zimbabwe dollar fell so much that one US dollar is now equal to over…
Italy’s Approach to Engaging with Africa
Italy-Africa Summit Sets Stage for Development and Cooperation An important Italy-Africa summit recently took place in Rome, attracting around twenty African heads of state and government. The event centered around President Giorgia Meloni's ambitious "Mattei…
Africa Digital Academy in partnership with Meta organizes…
More than 200 individuals gathered at the Radisson Blu hotel in Abidjan on Friday, January 26, 2024, for the inaugural edition of Africa Tech Series, organized by Africa Digital Academy (ADA), a division of Africa…
Rwanda To Host Africa’s First AI Summit In…
Rwanda is set to host the first big AI summit in Africa in 2024. This event is organized by Rwanda's Centre for the Fourth Industrial Revolution (C4IR) and the World Economic Forum (WEF). The goal…
Timbuktoo: A Catalyst for Boosting Start-ups
The United Nations Development Program (UNDP) has unveiled the "Timbuktoo" initiative during the World Economic Forum in Davos. This initiative aims to raise $1 billion with the goal of transforming the lives of 100 million…
Ivory Coast: Blinken Announces $45 Million Funding for…
Antony Blinken, US Secretary of State, Arrives in Ivory Coast After Cape Verde Visit Antony Blinken, the head of American diplomacy, made a stopover in Cape Verde before arriving in Ivory Coast on Monday to…
AI: Elon Musk raises $500 million for his…
Grok, Elon Musk's chatbot, has captured the attention of investors, much like the fervor seen in Silicon Valley. As the owner of XAI and co-founder of OpenAI, Musk successfully raised a staggering $500 million on…
Davos 2024: United States Makes Investment in African…
During the Davos conference, US Secretary of State Antony Blinken reaffirmed his country's commitment to investing in agriculture as a means to enhance productivity, improve nutritional quality, and address global food insecurity. With over 700…
Oxfam Predicts First Trillionaire Within a Decade as…
Oxfam International, the anti-poverty organization, has warned that the world could witness its first trillionaire within the next ten years. This prediction was made in Oxfam's annual assessment of global inequality, coinciding with the gathering…
Is a common currency among Mali, Burkina Faso,…
The possibility of establishing a common currency among neighboring countries often sparks debates and discussions about the potential benefits and challenges involved. In the case of Mali, Burkina Faso, and Niger, three West African nations…
Shipping Issues In Middle East Cause Concern For…
Investors in South Africa are worried about problems in the Middle East, and it might affect how much money they can make. The Middle East has been having some tensions, like fights and issues, and…
Cooperation: The cities of N’Djamena in Chad and…
Appointed as the Minister of Telecommunications and the Digital Economy on January 3, 2024, Boukar Michel has wasted no time in making an impact. On January 7, 2024, he received a Chinese delegation from the…
Kenya Explores Innovative Financial Avenues to Settle $2bn…
As Kenya approaches the redemption deadline of its $2 billion Eurobond on June 24, the government is navigating uncharted territories to secure funds. The National Treasury, in its 2024 draft Budget Policy Statement (BPS), outlines…
Rabat’s €250M Boost: Loans and Grants for Sustainable…
Rabat has successfully concluded three loan agreements totaling 250 million euros and two grant contracts worth 7 million euros with the German Development Bank. The funds are earmarked for initiatives in social protection, sustainable mobility,…
