Congo powers ahead: World Bank commits $1bn to Inga III hydropower revival
The Democratic Republic of Congo (DRC) has secured a $1 billion commitment from the World Bank to jumpstart the long-stalled Grand Inga hydropower project, potentially […]
Finance
Bill Gates to donate most of his wealth to support health education in Africa
Bill Gates of Microsoft has promised to donate most of his wealth to promote health and education services across Africa over the next 20 years. […]
Trump’s remittance tax targets migrants — and hits Africa’s poorest hardest
A new 3.5% tax on remittances passed by the U.S. House of Representatives is sparking global concern, as critics warn it will disproportionately burden poor […]
Nigeria’s President Affirms Economic Progress Amidst Challenges, Calls for National Patience
In a reflective address marking his second year in office, President Bola Tinubu conveyed on May 29 a message of cautious optimism to Nigerians, asserting […]
Mauritanian Sidi Ould Tah Wins African Development Bank Presidency
Mauritanian candidate Sidi Ould Tah secured the African Development Bank presidency Thursday, defeating Zambian rival Samuel Munzele Maimbo in the third round of voting to […]
Mozambique Targets Economic Reboot with Bold Deregulation Drive
Mozambique has taken a significant step toward economic revitalization by scrapping prior licensing and inspection requirements for more than 80 business activities. The reform, unveiled […]
Morocco’s Nadia Fettah named Africa’s finance minister of the year at African banker awards
Morocco’s Finance Minister, Nadia Fettah, was awarded “Finance Minister of the Year” at the 2025 African Banker Awards held Wednesday in Abidjan, on the sidelines […]
Power Dynamics Shape African Development Bank Presidential Race
The African Development Bank’s presidential election on May 29 promises intense competition as five candidates vie for control of the continent’s premier financial institution, with […]
African Development Bank Achieves Historic Capital Growth Under Adesina’s Leadership
The African Development Bank (AfDB) has accomplished an unprecedented capital increase over the past decade, growing from $93 billion in 2015 to $318 billion today, […]
Angola’s Entry into SADC Free Trade Area Signals New Era of Regional Economic Integration
Angola is poised to become the 14th member of the Southern African Development Community (SADC) Free Trade Area (FTA), marking a significant milestone in regional […]