insert_link Africa African countries can’t resolve their debt crisis under a system rigged against them By Carlos Lopes, University of Cape Town The debt situation in many African countries has escalated again to a critical juncture. Twenty are in, or at risk of, debt distress. Three pivotal elements significantly contribute to this. Firstly, the rules governing the international banking system favour developed countries and work against the interests of African countries. Secondly, multilateral financial institutions such as the International Monetary Fund […] today6 May, 2024
insert_link Africa Nigeria’s maritime logistics cruise as ports get a makeover By Bonface Orucho, bird story agency Nigeria is implementing a ports makeover, ramping up investment to expand its ports as it seeks to untangle congestion, enhance efficiency, and seize economic opportunities through improved sea freight logistics. President Tinubu and Maersk Chairperson Robert Maersk Uggla have reportedly discussed a US$600 million deal with A.P. Moller-Maersk. The two met during the World Economic Forum event in Riyadh. In […] today3 May, 2024
insert_link Africa Zimbabwe is hosting its 2024 Investment Summit at Kempton Park Zimbabwe is hosting its 2024 Investment Summit at Kempton Park, gathering key stakeholders to explore the country's economic and investment opportunities. Themed 'People You Can Invest In,' the event highlights Zimbabwe's skilled workforce and attractive investment prospects, particularly in tourism, mining, and agriculture. Zimbabwe's Ambassador to South Africa, David Hamadziripi, says foreign direct investment has surged, with significant growth anticipated in various sectors: today3 May, 2024
insert_link Africa M23 seizes key mining town in the DRC A town at the heart of mining coltan, a key ingredient in making mobile phones, has been seized in eastern Democratic Republic of Congo by rebel forces, their spokesperson Willy Ngoma has said. The BBC reports that Rubaya fell into the hands of M23 fighters on Tuesday following heavy clashes with government troops. The DRC’s government has not yet commented, but a civil society activist confirmed that M23 had captured […] today2 May, 2024
insert_link Africa Climate change could cost Africa billions by 2030 Africa currently loses between $7 billion and $15 billion a year because of climate change. If that trend continues, African Development Bank President Akinwumi Adesina tells the Zero podcast, that number could reach $50 billion by 2030. That’s why Adesina is focusing the bank’s efforts on financing climate adaptation, which he describes as the “forgotten cousin” of climate mitigation. today2 May, 2024
insert_link Africa No answers for Ghanaian fishery observer’s family months after suspected death By Awudu Salami Sulemana Yoda ,via Mongabay The brother of a Ghanaian fisheries observer who went missing from his assigned vessel last October says the family has received no information from the authorities investigating the case. Yohane Abayateye tells Mongabay the family is now considering legal action to compel the Ghana Police Service to release the findings of its investigation, especially the DNA test results that […] today2 May, 2024
insert_link Africa Global tech giants in Africa AI gold rush By Conrad Onyango, bird story agency Global technology giants including Microsoft, IBM, Huawei, Nvidia, and Google are lining up to tap into a multi-billion dollar opportunity in the nascent Artificial Intelligence (AI) market. The five multinationals tops the list of more than 100 tech companies across the globe that will feature in the ‘AI Everything’ forum in this year’s GITEX Africa 2024, the continent's premier tech and […] today2 May, 2024
insert_link Africa Russia has tightened its hold over the Sahel region – and now it’s looking to Africa’s west coast By Olumba E. Ezenwa, Royal Holloway University of London and John Sunday Ojo, University of Portsmouth Armed troops in Niger overthrew the government in July 2023, seizing power for themselves. The following months were rife with speculation that the military government would align with Moscow and possibly form ties with the Russian military or its associates. This has now become a reality, to the detriment of western […] today2 May, 2024
insert_link Africa Kenya’s devastating floods expose decades of poor urban planning and bad land management By Sean Avery, King's College London Floods in Kenya killed at least 169 people between March and April 2024. The most catastrophic of these deaths occurred after a flash flood swept through a rural village killing 42 people. Death and destruction have also occurred in the capital, Nairobi, a stark reminder of the persistent failure to keep abreast of the city’s rapid urbanisation needs. Sean Avery, who […] today2 May, 2024
