Officially launched on 31 March, EGC - a new subsidiary of Gécamines - is intended to formalise and clean up a previously opaque artisanal mining ... sector. It will partner with Swiss commodities giant Trafigura, the US NGO Pact, and the UK auditors Kumi, using blockchain technology to track minerals as they pass through the system.
As governments and international financial institutions throw off the constraints of austerity policies and economic orthodoxy, there are hard ... questions about how Africa could benefit from this change in strategy. Much will depend on how fast its economies can raise finance for post-Covid recovery efforts.
The International Monetary Fund managing director Kristalina Georgieva says the IMF spent nearly $300bn in resuscitating the global economy when ... Covid-19 struck. There are unorthodox noises being made at the top of the institution best known for austerity in public spending. What comes next as rich countries bounce back and poor countries stay on the mat? And will the IMF run out of money? An exclusive interview with the head of the IMF.
After being postponed twice, Ethiopia’s general elections will finally take place on 5 June. Indeed, since 2018, the country’s political ... transition has had its security and economic challenges further exacerbated by the Covid-19 pandemic. With 49 parties currently registered, the upcoming ballot promises to be highly decisive in shaping Ethiopia’s future.
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Unanimously re-elected to a second term in August 2020 after a difficult year, the African Development Bank’s (AfDB) president Akinwumi Adesina ... has a largely reshuffled staff and a streamlined, though no doubt stronger, network of allies.
27 years ago today, 7 April, the Rwandan genocide erupted following the plane crash of then President Juvenal Habyarimana. For the next 100 days, ... armed militias engaged in a killing spree against the ethnic minority Tutsis and moderate Hutus. In total, some 800,000 people died. The French, who were allies of the Hutu government under Habyarimana, had sent a special force to evacuate their citizens and set up safe zones. Although they witnessed the horror all around them, to this day, they are accused of having done very little to stop the killing.
Angola’s poor infrastructure is a major bottleneck for the economy, and the debt-troubled government is now launching a round of concession ... deals to bring in the private sector and increase investment.
In an article published in 1994 titled 'The Coming Anarchy', the American journalist Robert Kaplan predicted an impending Armageddon for West ... Africa due to what he considered its notoriety for breeding crime, coups and tyrannical regimes. 26 years later, it bears examining whether the region has measured up to this grim forecast.
Kenya's newest coalition, the One Kenya Alliance brings together seasoned politicians who, for a decade now, have been in opposition. In a country ... that loves to form alliances and parties ahead of elections, could this new coalition also reintroduce the possibility of two political rivals -- Odinga Raila and William Ruto -- coming together as they did back in 2007?
The explosion of violence in the eastern Libyan city of Benghazi marks Khalifa Haftar's loss of control over the Libyan National Army (LNA). ... Made up of tribal alliances and militias, the LNA is falling apart while its boss continues to lose power.
Some politicians on the continent can seem eternal. But from the #EndSARS movement, to the Arab Spring, to Bobi Wine, there is an endless drive ... for change, too. Africa has a long history of protests and activism in support of better governance, fairer economic systems and development.
Too often, founders and executives of businesses in Nigeria do not leave a trace of what they have done. In this review of 'Leaving the Tarmac. ... Buying a Bank in Africa' by the founder of Coronation Capital, and Managing Director of Access Bank, Aigboje Aig-Imoukhuede, Folahanmi Fagbule celebrates the transparency delivered by biography.