Staff Writer

  The Eritrean delegation, led by Mr. Osman Saleh, Minister of Foreign Affairs, met yesterday on the sidelines of the 80th Session of the United Nations General Assembly in New York with the Foreign Ministers of Egypt, Algeria, Iran, and Nicaragua, as well as the Vice Foreign Minister of the Democratic People’s Republic of Korea and the Archbishop of the Vatican. In a productive meeting with Mr. Badr Abdelatty, the […]

  The African Development Bank Group (www.AfDB.org) and Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies and Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), have formed a new partnership to mobilize private sector investment across the African continent into areas that will boost jobs and development. Michael R. Bloomberg, Founder of Bloomberg L.P. and Bloomberg Philanthropies and Chair of GFANZ and Dr Sidi Ould Tah, […]

  The world’s eyes are set on Africa. The continent is experiencing an unprecedented influx of private capital, directed toward job creation, industrial development, and sustainable growth. In 2024, foreign direct investment in Africa surged by 75%, reaching $97 billion, underscoring its strategic role in the global financial landscape. Fii Sénégal 2025, scheduled for October 7–8 at the CICAD Conference Centre in Diamniadio, will place Africa’s real economy at the […]

  Equatorial Guinea has signed a Heads of Agreement (HOA) with energy major ConocoPhillips for Blocks B/4 and EG-27 in a move set to unlock up to $9 billion in investments. The HOA outlines the terms for both blocks development and aims to reinforce the country’s position as a regional gas processing hub. As the country advances its national strategy to accelerate upstream growth and bring new production online, the […]

  The Government of Equatorial Guinea has taken a decisive step to advance its natural gas agenda, signing an Incentives Agreement with energy major Chevron for the development of the Aseng Gas Project in Block I. The landmark agreement - signed between the Ministry of Hydrocarbons and Mining Development the Ministry of Finance and Chevron - underscores the country’s long-term strategy to consolidate its position as a premier hub for […]

  Africa needs to be ambitious. Striving towards SDG7, African leaders and international partners have set out to connect 300 million people by 2030. Renewable costs are falling fast. Solar prices are down nearly 80% over the past decade, enabling faster, cheaper deployment of mini-grids and home systems in remote areas. More than 50% of new connections will come from decentralised renewables. These are essential for rural ‘last mile’ areas where […]

  Digital technologies have transformed the global economy, with India, China and the African continent emerging as frontrunners in innovation in the digital payments space. Much of this success is attributed to their cash-heavy economies that have limited banking penetration and rapid digital adoption — a unique blend that has created an environment for such fintech innovations to succeed.  During an official side event of South Africa’s Think 20 (https://apo-opa.co/42RMmFi) […]

  Today, President Abdel Fattah El-Sisi met with Prime Minister, Dr. Mostafa Madbouly, and Minister of Tourism and Antiquities, Mr. Sherif Fathy. Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was briefed on the comprehensive executive and logistical details, as well as the arrangements for various events related to the opening of the Grand Egyptian Museum, scheduled for November 1st. This included updates on the progress of work […]

  H.E. Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, received Ms. Anshula Kant, Managing Director and Chief Financial Officer of the World Bank Group, at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Mr. Stephane Guimbert, World Bank Country Director for Egypt, Yemen, and Djibouti; Mr. Cheick-Oumar Sylla, IFC Regional Director for North Africa and the Horn of Africa; and members […]