Jubaland and Mogadishu Standoff Escalates after Ahmed Madoobe Reelected President
A brewing standoff between the Federal Government of Somalia and the Jubaland State over the latter's decision to defy a switch to one-man one-vote electoral system is nearing armed confrontation, [...]
Over 80% of African Startup Founders Face Mental Health Issues Flourish Ventures Survey
86% of founders report that building their startups has taken a toll on their mental health, a survey by early-stage venture capital firm Flourish Ventures has found. “Prioritising founder wellbeing [...]
Botswana's New President Advocates for Continental Accountability and Governance
Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s newly elected President, Duma Boko, stressed at the opening of the 2024 African Economic Conference (AEC) in Gaborone. [...]
COMESA's Proposes Quick Fixes to Address High Vegetable Oil Prices
The Common Market for Eastern and Southern Africa (COMESA) is mulling a couple of measures to contain the runaway prices of refined vegetable oil in the region. “These increases happened [...]Any Successful African Energy Policy Must Centre on Oil and Gas
Because Africa’s energy industry still can benefit greatly from the presence of international oil companies, our government leaders need to approve contracts with oil and gas companies promptly. I believe [...]
Kenya Lobbies Regional Peers to Adopt Digital Service Tax in Revenue Chase
Kenya is committed to introducing the Significant Economic Presence (SEP) tax which will target the digital marketplace and is lobbying its partners in the East African Community (EAC) to add [...]President Ruto Cancels All Adani Deals
President William Ruto on Thursday ordered the Ministry of Transport and Energy to cancel all the contracts awarded to the Indian conglomerate Adani Group, bringing to a temporary halt the [...]Indian Businessman Gautam Adani Faces US$250mn Bribery Charges in the US
Gautam Adani’s name is in the global newsreels for the wrong reasons again; this time, New York prosecutors are pursuing him for allegedly bribing Indian government officials with US$250 million [...]Colombian Fintech Minka Partners with Banks, Financial Institutions, and Regulators Across Africa to Boost Financial Connectivity
November 19, 2024 — Minka, a prolific Colombian fintech startup, today announced a groundbreaking series of partnerships with banks, financial institutions, and regulators across key African economies. Following the company’s [...]
Counterfeit Electrical Equipment Incur US$600bn Losses for African Manufacturers
Weak intellectual property laws in the continent have precipitated a flourishing US$250 billion industry of counterfeit electrical products, according to a report by CBi-electric. The growing market for these illicit [...]Blame Game as Sudan War Escalates into Global Proxy Conflict
The paramilitary Rapid Support Forces of Sudan (RSF) is putting its enemy, the Sudanese Armed Forces, at the center of suffering of millions of Sudanese claiming they are not committed [...]Economists Lobby for Shifts in Global Financial Systems to Address Africa's Needs
Economic governance experts at the Second Session on the Committee on Economic Governance in Addis Ababa have lobbied for changes to the global financial system to better address Africa's specific [...]
