insert_link Africa IMF Calls for Economic Reforms in Sub-Saharan Africa to Boost Growth Sub-Saharan African countries reliant on commodity exports must implement economic reforms to address uneven regional growth, stated Abebe Aemro Selassie, the International Monetary Fund's Africa Director. Reuters reports that the IMF's latest World Economic Outlook reveals that the region's growth is projected at 3.6% this year, consistent with last year's figures and lower than the April forecast of 3.8%. Commodity-dependent economies are notably underperforming compared to their more diversified counterparts. today28 October, 2024
insert_link Africa South Africa increases renewable energy capacity South Africa currently has over 7,000 megawatts of renewable energy connected to the grid, with an additional 20 gigawatts planned for future development, according to Jacob Mbele, the director-general of Mineral Resources and Energy. SA is leading sub-Saharan Africa with nearly 40% of the region's new capacity. Mbele said it is important to continue exploring, developing, and producing the country's natural resources. today21 October, 2024
insert_link Africa World Bank cuts Africa growth forecast The World Bank has downgraded its economic growth forecast for sub-Saharan Africa. Bloomberg reports that Sub-Saharan Africa will likely grow 3% this year, somewhat lower than an April forecast of 3.4%, the Washington-based lender said in its Africa Pulse report published Monday. The slower growth rate was largely blamed on the conflict in Sudan which started 18 months ago and has continued to escalate. today15 October, 2024
Business / Economics Gates Foundation Report Calls for Targeted Global Health Spending to Save Millions of Children from Malnutrition and Disease In its eighth annual Goalkeepers report released today, the Bill & Melinda Gates Foundation urged world leaders to increase global health spending where it is needed most in order to boost children’s health and nutrition, especially in the face of the global climate crisis. The Goalkeepers report, “A Race to Nourish a Warming World,” projects that without immediate global action, climate change will condemn an additional 40 million […] today17 September, 2024
insert_link Africa African countries are adopting two houses of parliament to boost democracy – but that’s not always what happens By Thalia Gerzso, University of York At independence, most African states had two legislative chambers – a lower and upper chamber – in their parliament. African leaders saw that as a colonial legacy and as inefficient, so most states removed the upper chambers. Before 1990, only two states kept these bicameral parliaments: Liberia and Nigeria. Since then, however, 40% of the 44 sub-Saharan African states that hold regular […] today13 September, 2024
insert_link Africa Rating agencies and Africa: the absence of people on the ground contributes to bias against the continent – analyst By Misheck Mutize, University of Cape Town Rating agency Fitch recently warned that the rapid spread of the mpox virus in sub-Saharan Africa could add to the fiscal pressures many countries in the region are already experiencing. The Africa Centres for Disease Control and Prevention and the World Health Organization have declared the latest outbreak of mpox in Africa a health emergency. An epidemic in the Democratic […] today9 September, 2024
insert_link Africa TikTok Announces Industry-First Sub-Saharan Africa Safety Advisory Council TikTok is taking major steps to boost safety on its platform across Sub-Saharan Africa with the launch of its inaugural Safety Advisory Council and the expansion of its #SaferTogether community education campaign. By partnering with key stakeholders, including policymakers, members from academia, NGOs, and community leaders, TikTok aims to foster a collaborative approach to ensuring a secure and positive platform environment. This announcement was made at TikTok's Safety Summit […] today22 August, 2024
insert_link Namibia 42.5% of Namibians prefer to study abroad https://youtu.be/si6Gp27P_ao By Finna Kahili, via News on One University of Namibia (Unam) vice-chancellor Professor Kenneth Matengu said 42.5% of Namibians prefer to study abroad. Matengu said this during the Higher Education Day celebration at the University of Namibia yesterday. Matengu said despite the continent's population of two billion, only 30 million are enrolled in higher education. "In Africa compared to the rest of the world, you can […] today12 August, 2024
insert_link Local The Namibian economy is expected to grow by 3.1 percent in 2024 The Bank of Namibia released the Economic Outlook for August 2024 with the domestic economy estimated to expand by 3.1 percent in 2024 and by 3.9 percent in 2025. Global and Regional Outlook Global economic growth is projected to remain low in 2024 before improving slightly in 2025. Global growth is projected to slow down to 3.2 percent in 2024, from 3.3 percent in 2023, before rising moderately to […] today8 August, 2024
