JOHANNESBURG, South Africa — The African Energy Chamber (AEC) has accused Western banks and financial institutions of practicing “financial apartheid.” The AEC hinted in a press release last week, that in recent years, several western institutions have implemented policies aimed at reducing support for fossil fuel projects, especially in Africa. This has led to a sharp decline in investment in the continent’s oil and gas industry, a sector that is crucial for the economic future and energy needs on the continent. AEC argues that while similar projects receive support in Europe, Africa’s high-cost energy projects are being neglected.

ABUJA, Nigeria — African Export-Import Bank (Afreximbank) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade Bank, has said.

54 Collective establishes a new era of venture capital in Africa, offering up to $500,000 in equity and non-dilutive capital and value-add support for its founders.

Suzan Skhosana, an author from Kgabalatsane Village, Madibeng, North West Province in South Africa, has been awarded the “Pen Legends in Africa – Unlock the Storytellers in Africa” award at the 7th African Honoree Authors’ Awards 2024.

JOHANNESBURG, South Africa — With more than 22 albums and 20 awards internationally, South Africa’s Lucky Dube is still one of the most streamed and celebrated artists across the continent. He continues to grow an international following, with his message and evergreen lyrics resonating across generations, race, religion and language.

GREAT BAY, St. Martin —“The future is vast … , full of challenges and beautiful surprises … I embrace this certainty with an open heart, a hopeful spirit, and clear thinking, full of confidence,” said Paulina Nzinga Lake in connection with her first election bid for parliament.

Funding will support much-needed emergency health, water and sanitation services; Alongside international partners aid will deliver support to up to 150,000 refugees.

NEW YORK — Data from a new report by the UN refugee agency, UNHCR, the UN migration agency IOM and the Mixed Migration Centre (MMC) highlights the often under-reported perils facing vulnerable people on the move on dangerous land routes.

NASSAU, The Bahamas  — Trade between Africa and the Caribbean could rise to $1.8 billion per year by 2028 if value addition, trade facilitation and improved logistics are prioritized, according to new research by the International Trade Centre (ITC) and African Export-Import Bank (Afreximbank).   Current bilateral trade in goods between the two regions is worth […]