Dr. Kwegyir Aggrey "Only the best is good enough for Africa."
Kwame Nkrumah "The independence of Ghana is meaningless unless it is linked up with the total liberation of Africa."
ZEENAT HANSROD Belgian researchers report that 45 percent of deforestation in Côte d’Ivoire in the past decade is the result of unregulated cocoa production. Researchers from the Belgian university of Louvain found that 45 percent of the destruction of forest in Côte d’Ivoire between 2000 and 2019 was the result of unregulated cocoa production. Tropical […]
MARC JONES, RACHEL SAVAGE, KARIN STROHECKER & LIBBY GEORGE The record number of developing nations at risk of a debt crisis will be high on the agenda next week when central bankers, finance ministers and political leaders convene for the World Bank Group and International Monetary Fund (IMF) spring meetings. Ballooning inflation, escalating borrowing costs […]
VITALIO ANGULA The administrator of the National Energy Administration of China, Zhang Jinhua, on Friday March 31, paid a visit to Namibia President Hage Geingob. The visit is aimed at establishing cooperation in the area of green hydrogen production. Namibia is positioning itself as a future green hydrogen producer to attract investment from the globe’s […]
When US Vice President Kamala Harris arrived in Zambia on Friday March 29, for the final stop of her week-long trip across Africa, she touched down at an airport that’s doubled in size and features glittering new terminals. Rather than a symbol of promising local development, it’s a reminder of China’s deep influence. Beijing financed […]
VINCENT OWINO Sub-Saharan Africa (SSA) will need to cut trade costs by at least half to reinvigorate global trade which has been in decline since mid-last year, the World Bank has warned. The lender said world economy growth rate is set to slump to a three-decade low if nothing is done urgently to boost productivity, […]
Xue Bing, Special Envoy for the Horn of Africa Affairs of the Chinese Ministry of Foreign Affairs, on Tuesday March 14, refuted the groundless cliche that China is creating a “debt trap” in Africa, calling it a narrative trap instead. Addressing media here in the Ethiopian capital, the special envoy said Africa’s debt burdens should […]
Are its citizens’ quality of life reflected in the high taxes they pay compared to other countries making the top of the ‘highest taxed countries’ list? FAUSTINE NGILA Côte d’Ivoire citizens pay the highest income taxes in the world according to this year’s survey findings by World Population Review. While both its sales and corporate […]
The central bank has been using its US dollar reserves to try to cushion the shilling from further nosedives. That has created a dollar scarcity FAUSTINE NGILA Kenya is facing an acute foreign exchange crunch, with US dollar reserves dropping to their lowest in eight years as its currency keeps plummeting against major global currencies. […]
A growing number of African nations are looking to attract high-net-worth individuals by offering residence and citizenship through investment programs. SETH ONYANGO African economies looking to attract fresh investments are turning to innovative programs that offer residence and dual citizenship opportunities to investors with deep pockets. Migration investment programs allow people to purchase citizenship or […]
ABDULLAHI JIMOH Nigerians confronted by hardships over the scarcity of the newly redesigned naira notes in conjunction with the country’s cashless policy introduced by the apex bank have had a last-minute reprieve from a policy that had disrupted their lives and exacerbated hunger. On Friday, March 3, 2023, the country’s Supreme Court temporarily suspended the […]