Why Africa’s growth hinges on green investment
A new report from S&P Global reveals that Africa’s immense economic potential is being stifled by a trio of major challenges. Despite being poised to play a crucial role in the global energy transition, the continent is held back by significant infrastructure gaps, climate change pressures, and mounting debt concerns. S&P emphasizes that unlocking this latent power […]
Senegal’s rating downgrade exposes flaws in risk models
A recent decision by Moody’s to downgrade Senegal’s credit rating has ignited a crucial debate about how global agencies assess African economies. The agency’s move, which triggered a sell-off of Senegal’s bonds, was largely based on the nation’s successful shift to raise capital from its own regional market. Critics argue this interpretation is fundamentally flawed, as […]
How conflict is shaping Sudan’s economic future
Sudan’s devastating conflict is, in part, a battle for control over its immense natural wealth, which includes vast gold reserves, oil fields, and fertile agricultural lands. The Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) have carved up the country, with each faction controlling key resources that fuel their war efforts. The army holds the […]
Africa moves beyond grants
A significant shift is transforming how Africa’s development is funded, moving from traditional charity to a powerful blend of profit and purpose. At the recent African Venture Philanthropy Alliance conference, leaders highlighted that philanthropists and impact investors are now eager to deploy capital, but they demand projects that deliver both transformative social impact and commercial viability. This […]
Mozambique to audit TotalEnergies’ $4.5 billion claim
Mozambique plans to audit TotalEnergies’ $4.5 billion claim for losses tied to the nearly five-year pause of its massive LNG project, halted following a 2021 jihadist attack in which more than 800 people were killed. Officials say the $20 billion venture will restart, but only after a full review of force majeure costs and updated development plans. […]
Rwanda and Qatar deepen ties
Rwanda and Qatar have deepened their strategic partnership as the $2 billion Bugesera International Airport project gathers pace. Emir Sheikh Tamim’s visit to Kigali underscored the growing diplomatic and economic alignment between the two nations, which have expanded cooperation in aviation, technology, security, and investment over the past decade. Qatar, which owns 60% of RwandAir and is […]
At Luthuli Memorial Lecture, WTO Chief Warns of Rising Protectionism and Calls for Stronger African Trade Integration
DURBAN, South Africa — Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organization, used a keynote address at the 19th Chief Albert Luthuli Memorial Lecture on Thursday to deliver a pointed assessment of global trade tensions and a cautious but optimistic outlook for Africa’s economic future. Speaking at the University of KwaZulu-Natal’s Westville Campus, Dr. […]
