KIGALI, Rwanda (AP) — Leaders of Commonwealth nations are meeting in Rwanda Friday in a summit that promises to tackle climate change, tropical diseases and other challenges deepened by the COVID-19 pandemic. The summit for Commonwealth heads of state in Kigali, the Rwandan capital, is the culmination of a series of meetings earlier in the week that have reported…
Today, Rwanda is a melting pot of official languages. Although more than 99% of Rwandans speak Kinyarwanda – a Bantu language and the country’s mother-tongue – Rwanda has three other official languages: French, English and Swahili. How did the Central African nation end up with four official languages? Looking at the country’s language policies and history can help us…
By Adegboyega Oyedijo There is no doubt that globalisation has benefited Africa greatly. This includes job creation, innovation, increased productivity and foreign direct investment. But global value chains are shifting in the wake of the COVID pandemic and Russia’s ongoing invasion of Ukraine. These changes are informed by the decisions of various companies to shift or move their manufacturing…
KIGALI, June 23 (Reuters) – Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief. Africa was hit hard by the economic fallout from the coronavirus pandemic. Now, as many countries are still struggling…
KIGALI, June 23 (Reuters) – Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief. Africa was hit hard by the economic fallout from the coronavirus pandemic. Now, as many countries are still struggling…
Summary The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent, IgbereTV reports Adesina, who stated this at the Commonwealth Business Forum in Kigali, Rwanda, criticized the structure of the existing commercial banks on the continent. He said the current financial institution model…
Summary The crypto market, known for its wild price swings, has shed more than half of its value since November last year as investors pulled out money from riskier assets amid worries over soaring inflation and rising interest rates. The ongoing meltdown in the cryptocurrency industry could push an estimated four million Kenyans who hold the digital assets deeper into…
Senegal international Sadio Mane is set to become Africa’s highest-paid footballer, overtaking Liverpool forward Mohammed Salah and Manchester City star Riyad Mahrez. The 30-year-old Mane is joining Bundesliga champions Bayern Munich next summer after a £31.5 million buyout clause was activated. Mane who is traveling to Germany tomorrow for medical tests, has agreed on joining Bayern with his new contract…
Summary The Corporate Council on Africa (CCA) has officially launched the 2022 U.S. – Africa Business Summit website which is now open for registration. The Summit, themed ‘Building Forward Together,’ will be held in Marrakech, Morocco on July 19 – 22, 2022 in partnership with the Kingdom of Morocco and Africa50 (the pan-African infrastructure investment platform). The Summit will…
The African continent has made steady progress over the last four decades – surviving high levels of poverty, various natural disasters (such as drought and floods), diseases, political instability and high levels of migration. And when the health pandemic struck, Africa’s resilience was tested yet again. COVID-19 pushed millions of households further into poverty due to its disruption of…