Month: July 2025

 Delivering a keynote speech at the #FID4 event in Seville on “Leveraging Private Business&Finance,” AU Commission Chairperson H.E. Mahmoud Ali Youssouf called for urgent reforms to the global financial system to unlock Africa’s full potential. He emphasised that private business&finance are not merely complementary, but catalytic for inclusive growth, job creation, and the green transition. He noted the African Continental Free Trade Area (AfCFTA) as a game-changer for the continent […]

 Zambia's economy grew by 4% in 2024, displaying resilience despite experiencing a historic drought and frequent power outages. According to the latest edition of the Zambia Economic Update (ZEU) launched by the World Bank Group (WBG) today, titled: Leveraging Energy Transition Minerals for Economic Transformation, this growth is driven by a strong recovery in the mining sector and expansion in services. The ZEU highlights that agriculture—the cornerstone of Zambia’s employment and […]

 “Cuts in aid from major donors are close to crippling the humanitarian response in some of the world’s most dire displacement crises. It is hard to articulate the depth of donors’ abandonment. Compared to this point last year, just two-thirds of the humanitarian funding has been received, which itself was dramatically lower than the previous year,” said Jan Egeland, Secretary General of NRC. “These cuts are costing lives and must […]

 African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has successfully completed upsizing its reserve-based lending facility in favour of Oando Oil Limited to US$375 million. The company’s pay down of the original US$525-million facility, secured in 2019, to US$100 million in 2024 created significant headroom for refinancing and enhancing Oando’s financial flexibility. The upsizing, led by Afreximbank, with support from Mercuria Asia Resources PTE Limited (Mercuria), which marks a key milestone in Oando’s […]

 "In the past, we used to keep our money in metal boxes. Now, with support from UN Women, the Central Bank of Liberia, and the Orange Foundation, we manage our money through Orange Money. This has made it easier for us to save, access credit, and grow our businesses," shares Musu Nana, a Buy from Women Champion from Gbartala, Bong County. In 2022, UN Women Liberia, in partnership with the Orange Foundation, […]

  Smarter Mobility Africa summit is a product of VUKA Group (www.WeAreVuka.com) The South African National Taxi Council (SANTACO) has been announced as an official Association Partner for the Smarter Mobility Africa (SMA) summit 2025, taking place from 30 September to 3 October 2025 at the Sandton Convention Centre in Johannesburg. This strategic partnership positions SANTACO at the forefront of continental discussions on smarter mobility solutions, with a particular focus […]

 The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy. This IGGGP is the second phase of the Bank's strategic support for South Africa's Just Energy Transition. It builds on the success of the $300 million Energy Governance […]

 GAIA AFRICA (https://GAIAAfricaClub.com ), the premier private business club for Africa’s most influential women leaders, is pleased to announce the appointment of Ms. Mena Imasekha as General Manager, effective immediately. Since its founding in 2018, GAIA AFRICA has become a leading force in the empowerment of female decision-makers across Africa. The Club has facilitated over $10 million in member-to-member business value since 2021, reflecting the power of intentional community and strategic […]

 The Workers’ Organization in the Southern Red Sea Region reported that over the past four and a half years, it has extended support totaling 1.23 million Nakfa to families of martyrs. Mr. Yosief Fesehaye, Head of the Ministry of Labor and Social Welfare branch in the region, stated that the support was distributed to 125 families of martyrs. Similarly, workers of Assab Municipality and members of the Eritrean Navy extended […]