Browsing Tag

Africas

Somalia Chairs A3 Ministerial to Amplify Africa’s Voice at UN Security Council

ADDIS ABABA — Somalia’s foreign minister, Abdisalam Ali, on Friday chaired the sixth A3 high-level ministerial meeting on the sidelines of the 39th African Union Assembly, as African leaders moved to tighten coordination at the United Nations Security Council. Somalia currently serves as coordinator of the A3 — the three African non-permanent members of the Security Council: Somalia, Liberia and the Democratic Republic of the Congo — a role that places Mogadishu at the center of efforts to advance Africa’s priorities in New…

South Africa’s Democratic Alliance leader will not seek re-election

John Steenhuisen, the leader of South Africa’s Democratic Alliance since 2019, has stepped aside from the party’s leadership race and will devote his attention to managing a severe foot-and-mouth disease outbreak that has drawn heavy criticism of his handling of the crisis, the party and his office said Friday. Steenhuisen — who, according to party sources, also served as agriculture minister — had been expected to run unopposed for another term but withdrew amid internal disputes and lingering controversies that party…

Ethiopia Begins $12.5 Billion Construction of Africa’s Largest Airport

Ethiopian Airlines breaks ground on $12.5 billion Bishoftu International Airport, billed as Africa’s largest by 2030 Ethiopian Airlines has launched construction on a $12.5 billion greenfield hub in Bishoftu, a town about 45 kilometers (28 miles) southeast of Addis Ababa, in a project officials say will become Africa’s biggest airport when completed in 2030. The state-owned carrier has been awarded the contract to design a four-runway complex at the site, where earthworks have begun. Prime Minister Abiy Ahmed Ali, announcing…

Stablecoins Emerge as Africa’s Preferred Shield Against Skyrocketing Inflation

NAIROBI, Kenya — As inflation eats into earnings across Nigeria, Ghana, Kenya, Ethiopia and Zimbabwe, a quiet shift in personal finance is taking hold. Millions are moving a portion of their savings and day-to-day cash flow into stablecoins — dollar-pegged digital currencies such as USDT, USDC and DAI — to blunt the impact of currency depreciation, volatile forex markets and overburdened banking systems. The appeal is straightforward: when local prices jump and exchange rates swing overnight, keeping value in a digital asset…

Lobito Corridor: Reflecting Africa’s Socioeconomic Struggles and Failures

Lobito Corridor, the multimodal transport link from Angola’s Atlantic port to Central Africa’s mineral belts, has been paraded at this week’s 7th African Union–European Union Summit in Luanda as a flagship sign of renewed partnership between Europe and Africa. Western capitals and sympathetic media have billed the corridor as a strategic answer to China’s expanding footprint on the continent. But in a stinging appraisal published in Maka Angola, journalist Rafael Marques de Morais urges a different reading: the corridor, he…

South Africa’s Tobacco Legislation Falters Amid Rapid Rise in Youth Vaping

SOUTH AFRICA — South Africa faces what health researchers call a “vaping crisis” among adolescents while a long-promised overhaul of the country’s tobacco laws sits largely dormant. The draft Tobacco Bill published in 2018 — designed to extend smoke-free public spaces, introduce plain packaging and ban point-of-sale displays for both cigarettes and electronic cigarettes — has yet to clear the long road from proposal to law, leaving regulators and public-health advocates alarmed as youth nicotine use climbs. A 2024 study of…

Economists Call on G20 to Tackle Africa’s Growing Debt Crisis

Sovereign debt crisis imperils developing economies as G20 gathers in Johannesburg Global economic experts are raising the alarm: sovereign debt in many developing countries, especially across Africa, has reached a critical stage and risks triggering wider instability if left unaddressed. With G20 leaders preparing to meet in Johannesburg this month, analysts say the summit is an urgent opportunity for coordinated action on debt sustainability and finance for development. The warning follows reporting that many low- and…

Ireland to Join Africa’s Inaugural G20 Summit Amid U.S. Boycott

Summit on African soil, diplomacy in disarray The G20 meeting in Johannesburg marks the first time the leaders’ summit is held in Africa, a symbolic milestone intended to center the continent’s priorities on the global stage. Instead, the event has been overshadowed by a high-profile boycott from the United States, raising questions about the summit’s ability to produce consensus and meaningful outcomes. The US decision to skip the leaders’ session — announced by President Donald Trump after public accusations against…

South Africa’s Unity Government Unveils Its ‘Good News’ Budget Proposal

South Africa tightens its inflation anchor — a test of credibility for monetary and fiscal policy South Africa’s National Treasury and the South African Reserve Bank have agreed on a new inflation objective: a 3% target with a one percentage point tolerance band. That shifts the nominal anchor to 3% (effectively a 2–4% acceptable range), and — according to reporting — is part of a fragile compromise between the Government of National Unity and the Medium Term Budget Policy Statement after three failed attempts to pass the…

Record funding mobilized to address South Africa’s water crisis

R22 billion pledge in KwaZulu‑Natal shines light on a familiar fault line: money without trust and skills When Parliament’s Portfolio Committee on Water and Sanitation toured KwaZulu‑Natal last week, it did not find the comforting sight of hoses and concrete being laid across parched riverbeds. Instead, it encountered a recurring national headache: bold budget lines and high‑profile projects undermined by doubts about capacity and governance. The committee welcomed uMngeni‑Uthukela Water’s announcement that it plans to…