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Business and Finance

229 Results / Page 6 of 26

Background

Africa

Africa: Nile River Basin Commission – Regional Strife Could Make a Difficult Task Impossible

[ad_1] Disputes over the Grand Ethiopian Renaissance Dam intersect with conflicts sparked by Ethiopia's Red Sea ambitions. The newly established Nile River Basin Commission (NRBC) has been charged with addressing the contentious issue of the Nile River's equitable use. However, raised geopolitical tensions in the Horn of Africa region will make this difficult to accomplish. The Agreement on the Nile River Basin Cooperative Framework (CFA) came into force on 13 October, triggering the transition from the Nile Basin Initiative to […]

todayOctober 17, 2024

Africa

Africa: Joe Biden in Africa – U.S. President Has Ignored the Continent for His Entire Term – Why He’s Visiting Angola

[ad_1] US president Joe Biden chose to visit Africa in the final weeks of his presidency. It would be his first trip to the continent since taking office in January 2021. The trip was postponed at the last minute because of the devastation wrought by Hurricane Milton in the US. It has been rescheduled for the first week in December. Angola is located in the western region of southern Africa. With 37.2 million people, it is the 11th most populous […]

todayOctober 17, 2024

Africa

Africa: A Staggering 2.0 Billion Women Live in Poverty With No Access to Social Protection

[ad_1] United Nations — The growing gender gap between men and women is reflected not only in the world's highest political hierarchies but also in the daily social and economic lives--with most women fighting a losing battle against poverty. The latest flagship report from UN Women reveals a widening gender gap in social protection -- the raft of policies, including cash benefits, unemployment protection, pensions and healthcare - which leaves women and girls more vulnerable to poverty. Released ahead of […]

todayOctober 17, 2024

Africa

Africa: Tanzania Commits to Universal Electricity Access in Africa By 2030

[ad_1] DEPUTY Prime Minister and Minister for Energy, Dr Doto Biteko on Wednesday assured that Tanzania is fully committed to supporting realisation of universal electricity access in Africa by 2030. Briefing journalists on the side-line of the 9th Africa Energy Market Place meeting in Dar es Salaam, Dr Biteko said the country will leverage on its excess power generation to complement neighbouring countries' demand. The government assurance echoes its on-going implementation of different major electricity projects including the Julius Nyerere […]

todayOctober 17, 2024

News

South Africa: Lanseria Smart City Takes Off with Water Treatment Plant – South African News Briefs – October 17, 2024

[ad_1]   Lanseria Smart City Takes Off with Water Treatment Plant In a bold stride towards modern urbanization, President Cyril Ramaphosa's vision for the Lanseria Smart City is taking shape, reports IOL. Set to break ground later this month, a cutting-edge water treatment plant will serve as the cornerstone of this development, with a capacity to produce 2 megalitres of water per day. This facility, with a budget exceeding R320 million, aims to tackle the region's infrastructure challenges while minimizing […]

todayOctober 17, 2024

Africa

Africa: WHO Africa Chief Lauds Rwanda’s ‘Swift’ Response to Marburg Outbreak

[ad_1] World Health Organization (WHO) Regional Director for Africa Dr Matshidiso Moeti on Wednesday, October 16, visited Marburg outbreak response sites in Kigali and thanked Rwandan health workers and survivors for their work and bravery. .@WHORwanda honoured to host @WHOAFRO Regional Director @MoetiTshidi in Kigali . She visited key sites at the centre of the #Marburg outbreak response, including the Command Centre and treatment centre, where she thanked health workers and survivors for their work & bravery. pic.twitter.com/YPULwANQwf-- WHO Rwanda […]

todayOctober 17, 2024

Africa

Africa: Cocoa Futures Surge Over 80 Percent As Adverse Weather Disrupts Harvest

[ad_1] TLDR Cocoa futures surge by over 80% year-to-date due to heavy rains disrupting harvest season in Ivory Coast. Intense downpours hinder harvesting, drying, and transport of beans, causing supply concerns. Cocoa bean arrivals at Ivorian ports dropped sharply, reflecting global market volatility. Cocoa futures have surged by over 80% year-to-date, with a 10% rise since October, due to heavy rains severely disrupting the harvest season in Ivory Coast, the world's top cocoa producer. Intense downpours, particularly in the southwestern […]

todayOctober 16, 2024

Africa

Africa: World Bank Lowers Sub-Saharan Africa Growth Forecast On Sudan Conflict

[ad_1] TLDR World Bank revises 2024 Sub-Saharan Africa economic growth forecast to 3% due to ongoing civil war in Sudan impacting regional activity. Conflict in Sudan displaces 11 million people and causes economic collapse, with Sudan's economy projected to contract by 15.1% in 2024. Excluding Sudan, Sub-Saharan Africa expected to grow by 3.5% next year, with forecasted average growth of 4% in 2025 and 2026 driven by private consumption and investment. The World Bank has revised down its 2024 economic […]

todayOctober 16, 2024

Africa

Africa: Aligning AfCFTA and Agenda 2063 With FOCAC in Charting Africa’s Path to Economic Transformation

[ad_1] Africa stands on the cusp of an economic transformation that promises to reshape its place in the global economy. Central to this vision are three powerful frameworks: the African Continental Free Trade Area (AfCFTA), Agenda 2063 and the Forum on China-Africa Cooperation (FOCAC). Individually, each of these initiatives holds great promise for the continent. However, their alignment can unlock even greater synergies, accelerating Africa's industrialisation, sustainable development and economic integration. By strategically harmonising AfCFTA's trade objectives, Agenda 2063's development […]

todayOctober 16, 2024

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