Business and Finance

The Corporate Council on Africa (CCA) has made a momentous announcement: the 17th U.S.-Africa Business Summit will take place in 2025 in the vibrant city of Luanda, Angola. This summit promises to be an extraordinary gathering, welcoming over 1,500 delegates, which will include heads of state from across Africa, government leaders, senior officials from the U.S. government, and executives from both U.S. and African enterprises. What lies ahead is a platform rich with potential, where discussions will explore a myriad of…

Nestled within the borders of Benin, Burkina Faso, and Niger lies the W-Arly-Pendjari (WAP) Complex, a UNESCO World Heritage Site renowned for its breathtaking biodiversity. Yet, this remarkable sanctuary faces a perilous paradox. What should be a celebration of nature’s splendor is marred by a sinister undercurrent: organized transnational crime. From arms smuggling to drug trafficking and human exploitation, the WAP Complex has become a multifaceted battleground, as highlighted by Feyi Ogunade in The Conversation Africa.…

Stellenbosch University’s Tataokhona project recently unveiled a compelling report entitled, "The State of South Africa's Fathers 2024," which delves into the evolving dynamics of fatherhood within the family structure. As we navigate an era marked by rapid social, economic, and cultural shifts, understanding the role of fathers has never been more crucial. One striking finding reveals that while 76% of children reside with an adult male, only 35% live with their biological father—a marked decline from 45.3% in 1996. What…

The Cabinet has finalized its contributions to the 2025 Budget, which Finance Minister Enoch Godongwana is poised to present to Members of Parliament. This marks a significant moment in our fiscal planning. In a bid to craft a responsible and inclusive financial blueprint, ministers convened for an extraordinary session dedicated to navigating the intricate details of the Budget. This was not merely a routine meeting—it was a second attempt after the Cabinet previously dismissed a revised proposal that notably lacked the…

In a pointed discussion during the recent G20 gathering in South Africa, a coalition of former African heads of state convened to spotlight an urgent crisis: the escalating debt burden on the continent. United under the African Leaders' Debt Initiative, these seasoned leaders articulated a clarion call for "intensified international cooperation." But what does this cooperation truly entail? It begs the question: can the global financial structure be adjusted to genuinely uplift developing nations? The atmosphere during this…

As the specter of strained trade relations looms over South Africa, a wave of uncertainty permeates the air. The United States, a significant player in global commerce, has hinted at severing vital economic ties, igniting anxiety among South African entrepreneurs and corporations alike. Is it time for Africa's most industrialized nation to brace itself for a seismic economic shift? This isn't merely theoretical speculation; it’s a scenario that resonates with real-world implications. Picture the bustling markets of…

The recent expulsion of French troops from Côte d'Ivoire signals a significant shift in the geopolitical landscape of West Africa. This move follows a similar withdrawal from Chad earlier this year and mirrors actions taken by Niger, Mali, and Burkina Faso—countries that have exhibited a growing discontent with French military presence. Could this be the death knell for French influence in the Sahel region? To understand the implications of this trend, one must delve into the intricate tapestry of historical relations.…

In a moment that could redefine Namibia's energy landscape, Gustos Energy has unveiled a substantial oil discovery off the country's coast. This find is not merely a drop in the ocean; rather, it solidifies the Orange Basin as a burgeoning hotspot for hydrocarbon exploration. As reports trickle in from the scene, there's an air of cautious optimism surrounding the implications of this mineral wealth. It's fascinating to witness how exploration efforts, which have unfolded over decades, have finally culminated in such a…

The challenge of delivering sufficient surgical care in Sub-Saharan Africa is a multifaceted dilemma, stemming from a conspicuous lack of resources, technology, and expertise. An alarming projection suggests that by the year 2030, the continent could face a deficit of six million surgical care professionals. This staggering statistic was highlighted by Melody Chironda in her recent report from the Pan African Surgical Conference held in Kigali, Rwanda. Imagine traveling to a vibrant city in Africa, immersed in the…

The Nigerian government is navigating turbulent economic waters with a decisive move to bolster the Naira. By injecting more than $8 billion into the economy, authorities aim to restore confidence in the local currency. This significant capital infusion has already shown promising effects, as the Naira has begun to regain strength across the foreign exchange market. Yet, amidst this nascent recovery, a sense of caution looms large. Economists caution against complacency, suggesting that this newfound appreciation may be…