Africa energy lobby decries funding discrimination

The African Energy Chamber (AEC) is protesting what it sees as discrimination by Western lenders in supporting the continent’s oil and gas projects, with owners and investors forced to suspend development plans, or into alternative local sourcing. Nj Ayuk, the chamber’s executive chairman, told The EastAfrican that by refusing to bankroll Africa’s oil and gas projects, with a direct…

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Somalia executes 10 Al Shabaab insurgents, police say

Somalia’s semi-autonomous state of Puntland executed 10 fighters from Islamist militant group Al Shabaab on Saturday, the region’s police said in a statement. The executions, by firing squad, in Galkayo in the state’s Mudug region, followed a trial of the fighters in a military court where they were sentenced to death for involvement in assassinations and bombings in several…

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African Nation to Get New $5 Billion Capital City

The Government of Tanzania has launched the construction of a new capital city, with a price tag of $5 billion. The city, named Magufuli, would be a new administrative capital for the East African country, located 17 kilometers from the current capital, Dodoma. It would house mainly government buildings and services, and cover over 617 hectares of land. Named…

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African Nation to Get New $5 Billion Capital City

The Government of Tanzania has launched the construction of a new capital city, with a price tag of $5 billion. The city, named Magufuli, would be a new administrative capital for the East African country, located 17 kilometers from the current capital, Dodoma. It would house mainly government buildings and services, and cover over 617 hectares of land. Named…

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Africa becomes next global manufacturing powerhouse

The lack of financing options, particularly for small and medium-sized enterprises (SMEs), stifles innovation and hinders business growth. Africa is rapidly positioning itself as a key player in the global manufacturing landscape, offering unprecedented opportunities for growth and investment. With manufacturing contributing over 10.5 percent to the continent’s GDP, Africa is on the cusp of a manufacturing revolution, driven…

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Africa becomes next global manufacturing powerhouse

The lack of financing options, particularly for small and medium-sized enterprises (SMEs), stifles innovation and hinders business growth. Africa is rapidly positioning itself as a key player in the global manufacturing landscape, offering unprecedented opportunities for growth and investment. With manufacturing contributing over 10.5 percent to the continent’s GDP, Africa is on the cusp of a manufacturing revolution, driven…

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How scaling up clinical research in Africa can benefit society and the economy

Demographic trends define Africa as the world’s fastest-growing region, with its population potentially doubling by 2050. As the continent achieves significant progress in the control of infectious diseases, the rise of non-communicable conditions, in parallel with the possibility of emerging pandemic pathogens, is adding more pressure to already strained healthcare systems and posing challenges to continental development ambitions. According…

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How scaling up clinical research in Africa can benefit society and the economy

Demographic trends define Africa as the world’s fastest-growing region, with its population potentially doubling by 2050. As the continent achieves significant progress in the control of infectious diseases, the rise of non-communicable conditions, in parallel with the possibility of emerging pandemic pathogens, is adding more pressure to already strained healthcare systems and posing challenges to continental development ambitions. According…

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How to finance Africa’s future economic development

The current global financial architecture faces significant challenges in addressing the financial needs for climate action, sustainable development, and debt management. The calls for reform are growing louder, seeking to create a more equitable, inclusive, and sustainable financial system. Increasing the representation of developing countries, particularly African nations, in global economic decision-making processes is crucial for the continent’s development…

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