Ethiopia: PM Abiy Says Devt of New Destinations Are Intended to Pave Way for More Private Sector Investments

[ad_1] Addis Ababa — Prime Minister Abiy Ahmed said the development of new tourism destinations in various parts of Ethiopia are intended to pave the way for more private sector investments in expanding destinations and services. The government of Ethiopia has been taking several measures to strengthen the tourism sector with a view to tapping the immense tourism potential of the nation. The sector is also one the five key pillars of the country's Homegrown Economic Reform Agenda. Several tourism […]

January 19, 2024

Africa

Africa: World Bank Group Statement On Debt Restructuring Agreement for Ghana

[ad_1] Washington — The World Bank Group today released the following statement: The World Bank Group welcomes the agreement in principle on the key parameters of the proposed debt restructuring for Ghana reached by the Official Creditors' Committee under the G20 Common Framework. This agreement, which is consistent with the Joint WB-IMF Debt Sustainability Framework, represents a critical milestone toward restoring debt sustainability in this country. "This agreement will help unlock financial support by international financial institutions, including a US$300 […]

January 19, 2024

News

Nigeria: Airline Executives Rally Support for NCAA Boss

[ad_1] Members of the Airline Operators of Nigeria (AON) have expressed their support for the new leadership of the Nigeria Civil Aviation (NCAA), led by Capt. Chris Najomo as the Acting Director General, while also seeking the support of industry stakeholders. Najomo has been actively engaging with stakeholders from various sectors of the industry, and the AON, representing indigenous airlines in Nigeria, recently met with the DG in Abuja. During these interactions, he assured stakeholders of his commitment to foster […]

January 19, 2024

Africa

Africa: AI Will Transform the Global Economy – Let’s Make Sure It Benefits Humanity

[ad_1] Washington DC — We are on the brink of a technological revolution that could jumpstart productivity, boost global growth and raise incomes around the world. Yet it could also replace jobs and deepen inequality. The rapid advance of artificial intelligence has captivated the world, causing both excitement and alarm, and raising important questions about its potential impact on the global economy. The net effect is difficult to foresee, as AI will ripple through economies in complex ways. What we […]

January 18, 2024

Africa

Africa: The Global Femicide Epidemic

[ad_1] Brussels — 'Per Giulia e per tutte' ('For Giulia and for all') echoed through the streets of Italy in mid-November 2023. Thousands of women, activists and supporters gathered to protest and show solidarity with the 22-year-old student Giulia Cecchettin, who was killed by her ex-boyfriend on the night of 11 November 2023. The outrage over the murder of the young student unleashed a wave of protest that was audible far beyond the country's borders in the weeks after the […]

January 18, 2024

Africa

Africa: New Era – Unlocking Africa’s Agriculture Potential Through CGIAR TAAT Model

[ad_1] Nairobi — As hunger and food insecurity deepen, Africa is confronting an unprecedented food crisis. Estimates show that nearly 282 million people on the continent, or 20 percent of the population, are undernourished. Numerous challenges across the African continent threaten the race to achieve food security; research and innovative strategies are urgently needed to transform current systems as they are inadequate to address the food crisis. Transforming food systems is key. A powerful and unified effort is needed to […]

January 17, 2024

News

Nigeria: Airlines’ Trapped Funds – Pressure Mounts Despite U.S.$61 Million Release

[ad_1] Lagos — There's a mounting pressure on the federal government to make significant releases to clear the foreign airlines' trapped funds amidst their threat to exit Nigeria. This is despite the release of $61.4m by the Central Bank of Nigeria (CBN) last week as part of efforts to clear outstanding liabilities and bolster the foreign exchange market. While there's no updated data on the foreign airlines' funds trapped in Nigeria, our correspondent reports that the money was $793m as […]

January 15, 2024

News

Africa: Afcon 2023 – Why Are Player Bonuses So Contentious?

[ad_1] African footballers at the Africa Cup of Nations (AFCON) tournament play for prestige but also for financial reward. Players use tournaments as bargaining chips to secure bonuses that often spark controversies. When international footballers wear the colors of their nations to represent them at continental or global tournaments, they are usually driven by pride and honor -- but players' desire to succeed runs a lot deeper in Africa. Football tournaments, such as the Africa Cup of Nations (AFCON), provide […]

January 15, 2024

Africa

Africa: 60 Percent of Africa’s Food Is Based On Wheat, Rice and Maize – the Continent’s Crop Treasure Trove Is Being Neglected

[ad_1] African countries have become reliant on a few food items. Just 20 plant species now provide 90% of our food, with three - wheat, maize and rice - accounting for 60% of all calories consumed on the continent and globally. This deprives the continent of diverse food sources, at the very time when research has found massive food and nutrition insecurity in Africa. By 2020, about 20% of the continent's population (281.6 million) faced hunger. This figure is likely […]

January 15, 2024

Business and Finance