Friday, November 15, 2024
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Africa

OPINION: Trade, not aid, is the way to go for our continent

In the cross-hairs of Africa's intractable development challenges is an uneasy and shifty interplay of its regional policy position, political economy and intentional ignorance.

Ghana to host G-20 Africa compact forum in April

Ghana will be hosting a two day forum on April 4 and 5 aimed at looking at moving beyond aid and mobilizing revenue under the G-20 Africa compact.

Morocco tops investment destination in Africa for 2017

Morocco is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2018 (AII) by Quantum Global’s independent research arm, Quantum Global Research Lab.

African leaders sign deal for ‘largest’ free trade area

44 African leaders on Wednesday signed onto the world’s largest free trade area at a gathering in Rwanda with countries like Nigeria and Uganda missing out for the mean time.

AU launches ambitious bid for ‘world’s largest free trade area’

Africa's leaders will gather in Rwanda on Wednesday, March 21 to launch what they say will be the world's largest free trade area but leaders of Nigeria and Uganda are reported to have pulled out, highlighting the challenge in getting the continent to sign up.

U.S. to focus on security as Tillerson makes first African visit

U.S. Secretary of State Rex Tillerson flew to Ethiopia at the start of his first diplomatic trip to Africa on Wednesday, seeking to bolster security alliances on a continent increasingly turning to China for aid and trade.

West Ham suspend staff over ‘policy’ against Africans

West Ham have suspended director of player recruitment Tony Henry over claims he said the club would not sign any more African players.

Will the AU achieve better efficiency?

If words are anything to go by, a strong and peaceful Africa is a priority for the majority of African leaders. But the big question for heads of states attending the 30th African Union summit will be finding strategies for how this can be achieved.

AFDB pushes for Africa’s industrialization

The President of the African Development Bank, Akinwumi Adesina, has made a compelling case for accelerating Africa’s industrialization in order to create jobs, reduce poverty and promote inclusive economic growth. Citing data from the Bank’s 2018 African Economic Outlook launched in Abidjan, Côte d’Ivoire, on Wednesday, Adesina said infrastructure projects were among the most profitable investments any society can make as they “significantly contribute to, propel, and sustain a country’s economic growth. Infrastructure, when well managed, provides the financial resources to do everything else.” Noting that economic diversification is key to resolving many of the continent’s difficulties, he urged African governments to encourage a shift toward labour-intensive industries, especially in rural areas where 70 percent of the continent’s population resides.

African Airlines to lose $100 million in 2018

African Airlines are expected to loose about hundred million dollars in 2018 based on a collective net loss of hundred million dollars in 2017.

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