Rwanda officially bids to host a Formula One race, aiming to revive Africa’s presence in the global motorsport arena.
Economy
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EconomyNews
African Development Bank Approves $30 Million Equity Investment in AFC to Catalyze Climate Action
AfDB invests $30 million in AFC’s green shares to fund renewable energy projects, create jobs, and advance Africa’s green transition.
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The IMF approved a $181.7M disbursement to Rwanda, supporting its economy as growth is projected at 8.3% for 2024
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UAE denies UN claims of supplying arms to Sudan rebels via Chad airstrip, maintaining its aid flights only provide humanitarian support.
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African festivals drive tourism, boost economic growth, create jobs, and support local businesses, while preserving African culture and heritage
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Kephis defers controversial new levies on trade inspections until March 2025, following backlash from traders over cost concerns
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Migration policies in Algeria and Morocco affect regional migration, labor markets, and human rights, with economic and social implications for the region.
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Somali President Hassan Sheikh Mohamud travels to Turkey for a third round of talks with Ethiopia, aiming to ease growing regional tensions.
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Kenya strengthens East African economic integration through strategic infrastructure, regional trade, and diplomatic leadership, driving sustainable growth and development
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ADFD invests $50 Million in Côte d’Ivoire to address housing shortages, boost economic growth, and strengthen UAE-Ivorian ties.