Category: AFRICA

Climate change is making Africa’s debt burden worse – new debt contracts could help

The Conversation First Published,July 30,2025 Author: Magalie Masamba(Extraordinary lecturer at the Centre for Human Rights, University of Pretoria) Many African countries are already struggling with heavy debt burdens. Climate change is making this worse. Africa contributes the least to global emissions but suffers the most from extreme weather, rising temperatures and drought. These disasters affect not just people’s livelihoods but also national revenues, making debt repayment harder. Yet traditional debt contracts don’t account for this. The link between these pressure points is becoming undeniable. As climate-related disasters worsen, debt-laden countries are left…

Libya Islamic Bank-Backbase Join Hands to Bring Digital-first Banking to Libyan Customers

Backbase, the global leader in AI-powered banking technology, has announced in Tripoli,Thursday,the recent successful platform launch of Libyan Islamic Bank (LIB), one of the country’s fastest-growing financial institutions. This achievement,the announcement noted, represents Backbase’s first platform launch in Libya, underscoring its commitment to expanding state-of-the-art, customer-centric banking across North Africa. From ambition to impact As a digitally focused bank, LIB set out to differentiate itself through an experience-led approach to banking. In collaboration with Backbase, the bank laid the groundwork for a customer-first operating model that is built for speed,…

Op-Ed: Financing Energy Access in Africa: Leveraging Fossil Fuel Revenues to End Energy Poverty (By NJ Ayuk)

NJ Ayuk, Executive Chairman of the African Energy Chamber (https://EnergyChamber.org) In an emissions-focused world, do oil and gas revenues have a role to play in ending energy poverty in Africa? It may sound counterintuitive, but many would argue that they do, albeit as enablers of a future powered by alternative energy sources. The key lies in recognizing that Africa’s situation is unique, and solutions take time, building on what we have and what we can do with it. This means that, in working towards a just energy transition, the continent’s oil and…

Global Investment in African Gold Surges Ahead of African Mining Week (AMW) 2025

CAPE TOWN, South Africa, July 30, 2025/ — Africa – the world’s second-largest gold-producing region after China – is seeing a marked increase in gold mining investment in 2025. Driven by strong global demand, favorable prices and vast untapped reserves, international financiers are stepping up support for gold projects across the continent. In June, Canadian firm Asante Gold secured a $470 million financing package from Appian Capital and South Africa’s FirstRand Bank to expand the Chirano Mine and advance the Bibiani Project in Ghana – Africa’s leading gold producer and…

Chad and AfDB Join Hands for Affirmative Action on Circular Economy Transition for Resource Use Efficiency and Sustainability

Report: Mohammed Abu China and Europe has since been in the forefront of  the global transition from the take-make-use-discard, wasteful linear economy which is unsustainable experts contend,to the emerging circular economy paradigm. Circularity principles is premised on the fact that, resources endowment is not infinite and thus,the need for resource use efficiency whereby nothing is wasted. From a circularity pespective,waste in whatever form be in biodegradable or none-biodegradable, shouldn’t be left to post an environmental hazard or  burden whatsoever to humanity,but rather should  be harnessed as raw materials to create…

“The Northern Ghana is a gem of untapped potential”-Charles Abugre

Dr.Charles Abugre,an International Development Economist,is also,a former CEO of the Savannah Accelerated Development Authority(SADA) and Cotton Development Authority,Ghana.  “The Northern Ghana is a gem of untapped potential” Address at the Northern Ghana Development Conference The Northern Ghana Caucus in Parliament Tamale Charles Abugre 21/07/2025 Salutations Naa Chairman, Naa Yab Nanton-Naa I am most honored and humbled by the opportunity given to me by the Majority Leader and members of the Caucus to be on this podium. Please accept my  congratulations for this historic initiative. It was long in coming but…

Attaining Food Security and Combatting Global Warming: Scientists Eye Africa’s Baobab and Marula

Report: Mohammed A. Abu Amidst food security concerns and the disastrous global warming that constitutes an existential threat to humanity today, scientific researchers posit that two iconic trees, the African baobab (Adansonia digitata) and Marula (Sclerocarya birrea) might be more important for food security and preventing disastrous global warming than any other species growing on our home planet. Baobab and marula, they say could be grown sparsely on vast areas without changing the existing land-use patterns. Their Unique Selling Points They can become large trees in arid conditions, where nothing…

No more missed opportunities: Strengthening Africa-Caribbean trade and investment in an era of Global Trade Disruption (By Pamela Coke-Hamilton and Benedict Oramah)

Authors: Pamela Coke-Hamilton, Executive Director, International Trade Centre, and Benedict Oramah, President and Chairman, Afreximbank (www.Afreximbank.com).  The share of bilateral exports between Africa and the Caribbean, despite extensive shared history, has never surpassed 6%, according to an ITC and African Export-Import Bank (Afreximbank) study, leaving much room for growth of up to $2.1 billion within the next 5 years according to new studies. Key to this growth is adding value in priority sectors, such as minerals, processed food, , manufactured products, transport, travel and creative industries. We’re living in precarious…

Changing the Northern Ghana Narrative: Members of Parliament Adopt Affirmative Action

Members of the Northern Caucus of Ghana’s 9th Parliament in collaboration with the Northern Development Authority(NDA) and other key stakeholders development Partners including Members of Parliament(MPs) from the five Northern Regions, held the First Northern Region Development Conference, in the Northern Regional’s Capital of Tamale. Hosted under the theme: “A Conference of Northern People, Leaders and Partners”, the event was intended to lobby President John Dramani Mahama and his ministers for fair resource allocation to accelerate development in northern Ghana. Majority Leader and MP for Bawku Central, Hon Mahama Ayariga, said…

Sierra Leone and African Development Bank Target $90 Billion in Annual Illicit Financial Flows

FREETOWN, Sierra Leone, July 25, 2025/ — A four-day high-level seminar concluded last week with concrete recommendations to combat the estimated $90 billion that Africa loses annually to illicit financial flows, as the African Development Bank Group (www.AfDB.org) and Sierra Leone Government intensify efforts to strengthen natural resource governance. More than 70 stakeholders from government, civil society, private sector, and international organizations gathered at The Place Resort in Tokeh  under the theme “Harnessing Africa’s Wealth: Curbing Illicit Financial Flows for Resilient Growth and Development.” Illicit financial flows are among Africa’s…