US funding cuts

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Business / Economics

Interview: Gabriel Erastus on the African Development Bank and Namibia’s Economic Future

As the African Development Bank (AfDB) faces changing dynamics in its funding sources, economist Gabriel Erastus offers insightful perspectives on how this shift could affect Namibia and the broader African continent. With the United States reducing its contributions to the AfDB, Erastus believes it’s time for African nations to step up and take greater ownership of the funding process, which could empower the continent to direct capital toward its own […]

today12 May, 2025

Africa

AU Summit Focuses on Conflict Resolution and Self-Reliance

The 38th African Union Summit has commenced in Addis Ababa, Ethiopia, bringing together leaders from all 55 member states. Key discussions will address ongoing conflicts across the continent and strategies to reduce dependence on foreign aid, especially in light of US funding cuts and its withdrawal from the World Health Organization. Additionally, the summit will see the election of a new AU chairperson, with Kenya’s Raila Odinga, Djibouti’s Mahmoud Ali […]

today13 February, 2025

Namibia

US Aid Freeze Hits Namibian Organizations

Namibian civil society groups are alarmed by the US decision to suspend foreign aid for 90 days, citing its direct consequences on local organizations. The Namibia Diverse Women’s Association faces job losses for 12 employees due to the funding halt, according to strategic coordinator Linda Baumann. NamNet chairperson Mahongora Kavihuha provides further insight into the situation.  

today13 February, 2025

Business / Economics

TLU SA Warns Expropriation Act Could Deter Investment

Agricultural organisation TLU SA says a centrally regulated land ownership model, as envisioned in the Expropriation Act, will deter investment and undermine South Africans' property rights. US president Donald Trump has stated that America will cut future funding to South Africa until a full investigation into the country’s land expropriation policies is complete. TLU SA’s, Bennie van Zyl, says they believe that Trump has grown tired of the way African […]

today4 February, 2025

South Africa

S.A Minister suggests Africa should retaliate against US funding cuts

S.A's Mineral Resources minister Gwede Mantashe has suggested Africa should retaliate against US funding cuts by withholding minerals. This follows president Donald Trump’s announcement to cut funding over South Africa’s land expropriation policy. Speaking at the 2025 Mining Indaba in Cape Town, Mantashe criticised the US for taking African resources.

today4 February, 2025