Business and Finance

Africa Investment Forum Market Days opened Wednesday with government leaders and development experts urging expanded private‑sector participation, innovative financing solutions and accelerated policy reforms to unlock the continent’s economic potential. Speakers at the 2025 Africa Investment Forum (AIF) Market Days emphasized that private capital, new financing instruments and faster regulatory change are central to closing investment gaps across energy, infrastructure, agribusiness and manufacturing. Delegates described…

Nestlé Denies Claims of High Sugar Content in African Baby Foods Nestlé has firmly denied allegations that its baby food products sold across Africa contain higher levels of added sugar compared to those marketed in Europe. This response comes in light of a report indicating that over 90% of its Cerelac baby food products available in 20 African nations reportedly contain added sugars, often exceeding levels found in similar products sold in Europe. Despite the availability of sugar-free versions in European markets, the…

Europe-Africa Summit: Leaders Seek Revitalized Partnership Amid Global Challenges Scores of African and European leaders are gathered in Luanda, the capital of Angola, for the seventh edition of the Europe-Africa Summit. This year's summit arrives at a critical juncture, characterized by "fraying" relations between these historic trading partners, as the influence of Russia, China, and the United States continues to expand across the region. Experts emphasize the necessity of re-evaluating the relationship between Europe…

West Africa Media and Development Conference Kicks Off in Abuja The third edition of the West Africa Media and Development Conference (MDC 3.0) is underway in Abuja, bringing together approximately 300 journalists, policymakers, researchers, diplomats, and technology leaders from across more than a dozen African countries. In his opening remarks at the conference on Monday, Dapo Olorunyomi, the Chief Executive Officer of the Centre for Journalism Innovation and Development (CJID) and Publisher of PREMIUM TIMES,…

JOHANNESBURG — The G20 summit in Johannesburg ended with a broad declaration aimed at addressing climate change, inequality and Africa’s development, marking a diplomatic victory for host South Africa even as the United States staged a boycott, organizers said Friday. President Cyril Ramaphosa described the outcome as a reaffirmation of multilateralism and said the summit elevated African priorities on the global agenda. The declaration commits the group to measures intended to advance renewable energy, strengthen disaster…

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…

ECCHR accuses TotalEnergies of complicity in Mozambique massacre The European Center for Constitutional and Human Rights filed a complaint with French prosecutors accusing TotalEnergies of complicity in war crimes over a 2021 massacre near its multibillion-dollar gas project in northern Mozambique. The complaint centers on allegations that Mozambican security forces tortured and executed civilians held in shipping containers at a site tied to the project. The complaint alleges involvement in torture and executions of…

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…

Bridge Collapse in DR Congo Mine Claims 32 Lives In a tragic incident underscoring the perils faced by artisanal miners, at least 32 individuals have lost their lives in the Democratic Republic of the Congo (DR Congo) due to the collapse of a bridge at the Kalando copper and cobalt mine. The bridge, which was unable to withstand the weight of overcrowding caused by unauthorized miners, gave way under the strain, leading to the catastrophic event. Unauthorized Access: A Prelude to Disaster This disaster highlights a…

Namibia’s plan to revive a flag carrier revives familiar risks — and questions The government of Namibia has moved from intention to action in its plan to relaunch a national airline, confirming a new state-owned entity — Namibia Air Pty Limited — and the appointment of an interim board. Works and transport minister Veikko Nekundi says market analysis, traffic forecasting and a business model are under way, and that the carrier could be operational in the next financial year. Opposition parties have urged caution, warning…