Category: Africa
Africa Advised to Ditch US Dollar to Reduce Cross-Border Trade Costs
By: Nghiinomenwa-vali Erastus In a recent interview with Bloomberg Africa, a Standard Bank Group analyst highlighted that intra-African trade could see significant improvements if African nations eliminate the US dollar from their cross-border transactions. Tunde Macaulay, head of…
Kelp Blue Plans to Issue Africa’s First Corporate Blue Bond
Bloomberg Kelp Blue plans to issue Africa’s first corporate blue bond next year to expand its giant kelp forests along Namibia’s coast. The De Beers-backed startup will list the first $20-million tranche of a four-year programme, in which it seeks…
Climate Projects Fueling Displacement Worldwide, Report Reveals
By: Justicia Shipena As countries worldwide implement development projects to combat climate change, many individuals are being evicted from their long-time homes, according to a new report by Balakrishnan Rajagopal, UN Special Rapporteur on the Right to Housing….
Deputy Speaker Advocates for Pan-Africanism Revival… calls for PAP self–reliance
By: Sakeus Iikela Johannesburg, South Africa — Deputy Speaker of the National Assembly Hon. Loide Kasingo has called on all African countries to introduce national programmes aimed at educating young people on the ideals of Pan-Africanism to strengthen…
Cyberattacks Rising in Public Sectors Across the Global South
By: Dwight Links Cybersecurity firm Positive Technologies reports that public sector institutions in countries like Russia and regions such as Asia, Africa, and North America have become prime targets for cybercriminals. The report, covering data from 2022 through…
BRICS Considers Nuclear Energy Alliance
By: Dwight Links The BRICS nations are moving towards forming a nuclear energy alliance to advance shared energy development. According to Rosatom, two-thirds of global nuclear energy growth is expected to come from BRICS countries by 2030. The…
Oil Price Drop Could Worsen Market Turbulence, Analysts Warn
By: Justicia Shipena Falling oil prices could push U.S. producers below their economic threshold, leading to tighter supplies and increased market volatility, according to a recent report by Simonis Storm Securities. The firm cautions that the oil market…
UN Security Council Seat: A Distant Dream or a Real Possibility for Namibia
By: Justicia Shipena With 54 African nations vying for one of two permanent seats on the United Nations Security Council (UNSC), Namibia’s chances of securing a spot appear slim. Experts suggest that Namibia is unlikely to be seriously…
BRICS Pushes for De-Dollarisation
By: David Shoombe The inclusion of two more African economic powerhouses in this year’s BRICS annual summit signals a potential shift in African countries’ economic diplomacy and strategic alliances toward this developing institution. The summit, which took place…
One River, Four Nations: The Orange River’s Economic Lifeline
By: Nghiinomenwa-vali Erastus The Orange-Senqu Basin, spanning over 1 million square kilometers across Southern Africa, supports more than 60% of the region’s economy despite contributing less than 5% of its water resources. This makes the basin one of…