Q3 GDP Growth Slips to 0.5% as South Africa’s Economy Slows Further: Africa newsroom update. Markets opened to a softer print as South Africa Q3 GDP edged up 0.5%. The headline says it cleanly. South Africa economic growth cooled, and the South Africa economy’s slow tag felt accurate on trading floors. Cool morning air in […]
The recent Foreign investment news in Congo showcases a recent surge of foreign investment in the mining, energy, and infrastructure sector. The Democratic Republic of Congo (DRC) has remained one of the key global supply chains as the world demands more and more cobalt, copper, and lithium. The increasing confidence of investors in the economic […]
While losing or having your ATM card stolen might be upsetting, blocking the card right away can stop someone else from accessing your money without authorization. Banks in Nigeria give their clients many ways to promptly stop their ATM cards if they are lost or stolen. This comprehensive tutorial will assist you in disabling your […]
China, the world’s second-largest economy and Africa’s largest trading partner, has been facing increasing pressure and challenges in its business operations and investments in Africa, due to the ongoing crisis in the Red Sea. The Red Sea, a strategic waterway that connects Asia, Africa, and Europe, has been the scene of frequent attacks and threats […]
Nigeria is currently grappling with one of its most severe economic crises in history. The inflation rate continues to rise, and the local currency has reached its lowest value. In response to poor governance and skyrocketing food prices, residents of Ibadan have taken to the streets to express their frustration. The devaluation of the naira […]
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 dynamic economies in the world, as well as some of the most diverse and vibrant cultures and societies. Africa is […]
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 will be tamper-proof, meaning they cannot be easily removed or copied. Each plate will have a QR code that is […]
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. Back in 2021, Devakumar Edwin from Dangote Cement explained that the global demand for cement, boosted by the COVID-19 crisis, […]
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 water per year, addressing the water needs of the population and the agro-food industry. The desalination plant in the economic […]
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 10,000 Zimbabwe dollars. This drop reminds people of past economic struggles and shows the current poor state of Zimbabwe’s economy. […]
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 Plan,” which aims to stimulate economic development on the continent, create job opportunities, and address irregular emigration. One key focus […]
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 Development Solutions group (ADS). Africa Tech Series serves as a platform to foster dialogue and collaboration within the African technology […]
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 is to bring African countries and their businesses together to discuss AI risks, barriers, and chances. They want to make […]
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 people and generating 10 million jobs, with Rwanda hosting the program. The launch of this initiative comes at a time […]
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 attend a meeting between Ivory Coast and Equatorial Guinea. On Tuesday, he was received by Ivorian President Alassane Ouattara, where […]
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 January 21, 2024, for his generative conversational chatbot powered by artificial intelligence. Musk has set his sights on a minimum […]
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 million people suffering from hunger worldwide, and the projected increase in food demand by more than 50% by 2050, it […]
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 of political and economic elites at the World Economic Forum in Davos. According to Oxfam, the wealth gap has continued […]
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 with close economic ties, the question arises: Is a common currency credible? This article delves into the factors that determine […]
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 this is making people concerned. One big problem is that ships can’t go through a certain area called the Red […]