North Africa

Inflation, a relentless specter haunting the African continent, burdens both individuals and enterprises. Though inflation is not unique to Africa, the continent's fragile economies, heavy import dependence, and capricious global influences exacerbate its impact manifold. This situation makes it exceedingly arduous for citizens to afford essentials and maintain business sustainability. But why does this happen with such intensity in Africa? Several factors contribute…

In an obscure corner of the world, far from the eye of most international media, the Al-Karrar office has metamorphosed into something more sinister—a financial command center crafted intricately for the Islamic State’s sprawling empire, extending its dark reach from Afghanistan to Mozambique. Picture a warren of clandestine activities where ancient hawala networks blur seamlessly with cutting-edge cryptocurrency transactions, a place surviving on the gritty art of extortion. Entire economies within these insurgent zones…

The world's prosperity gap, a measure of the disparity between average incomes and a target of $25 per person per day, has stagnated ever since the pandemic began. Why, you might ask? The culprit seems to be a dual assault of dwindling economic growth and an uneven income distribution among countries. While it’s easy to blame this on external shocks, could it be a call for introspection on how intertwined our economies really are? Achievements are not made overnight. Here's a compelling statistic: between 1990…

During the G20 Foreign Ministers' Meeting held in Johannesburg, President Cyril Ramaphosa made a compelling case for a more inclusive and cooperative global community. This moment is particularly momentous as South Africa steps into the G20 Presidency for the first time, a milestone that amplifies the nation's voice on the world stage. In his address, Ramaphosa highlighted the profound significance of convening the G20 Leaders' Summit in Africa, emphasizing that the continent is not just a place rich in cultural diversity…

Ever wondered why Coca-Cola is everywhere, why Nike is a global fashion statement, or why so many people dream of strolling through Paris or catching a Hollywood premiere? That’s the power of influence, soft power, to be exact. Soft power is a country’s ability to influence global perceptions, behaviours, and alliances, not through force, but through attraction and persuasion. According to the Brand Finance's Global Soft Power Index, it’s measured through a nation’s impact on business,…

Mogadishu (AX) — In a shifting tapestry of global diplomacy, the United Kingdom has unveiled Charles Nicholas King as its new envoy to Somalia. This announcement, made public on a hushed Wednesday afternoon, comes as Somalia stands at a critical juncture, grappling with both peril and promise. King is scheduled to take over ambassadorial duties in May 2025, stepping into the shoes of his predecessor, Michael Nithavrianakis. Charles King is not a stranger to diplomatic labyrinths. Since 2004, he has navigated the…

In a compelling twist of diplomatic maneuvers, Kenya's Ministry of Foreign Affairs boldly declared its readiness to back peace initiatives in the tumultuous Sudan. This pronouncement followed a curious diplomatic kerfuffle: Sudan accused Kenya of breaching its sovereignty by hosting a gathering of the controversial Rapid Support Forces (RSF) in Nairobi. But what does this really mean for regional politics and Kenya’s standing on the international stage? The Sudanese Government, in a statement drenched in indignation,…

In an exhilarating turn of events for Egyptology, archaeologists have uncovered the long-lost tomb of King Thutmose II. This marks a momentous occasion—it's the first royal burial site revealed in more than a century, the last significant find being the tomb of Tutankhamun in 1922. How incredible it is to think that after so many years, we’re still unveiling secrets of the past! Nestled to the west of the Valley of the Kings, not far from Luxor, this recently discovered tomb dates back nearly 3,500 years, anchoring us…

Libya, a nation once brimming with promise, now finds itself teetering on the edge of instability. During a recent session of the UN Security Council, UN Political Affairs chief Rosemary DiCarlo painted a stark picture of a country burdened by deep-rooted political fractures, widespread economic mismanagement, and alarming human rights abuses. “Libya’s unity is imperiled,” DiCarlo stated, capturing the essence of a nation grappling with its own factions. Political divisions have become so pronounced that they threaten the…

Is it truly possible to capture the depth of destruction in mere numbers and figures? A comprehensive report co-authored by the World Bank, United Nations, and European Union posits the financial burden of rebuilding the Gaza Strip is staggering — a colossal $53.2 billion over the upcoming decade. While numbers carry their own weight, they barely scratch the surface of the economic devastation wrought by the recent conflict. The aptly titled 'Gaza and West Bank Interim Rapid Damage and Needs Assessment (IRDNA)' provides a…