Cocoa farmers in Ivory Coast fear reduced harvests as heat and drought impact crop growth, raising concerns for the February and March harvests.
Economy
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Political instability in Africa disrupts trade, investment, and key sectors like agriculture, mining, and tourism, slowing growth and hurting livelihoods
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AMEA Power’s 500MW Abydos Solar Plant advances Egypt’s clean energy transition, powering 300,000 homes and reducing emissions significantly.
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Cyclone Chido devastates Mayotte, leaving hundreds feared dead, homes destroyed, and survivors grappling with food, water, and shelter challenges.
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Ghana will not quit the IMF deal but seeks critical changes, says the president-elect, aiming for a more growth-friendly financial agreement
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Rwanda officially bids to host a Formula One race, aiming to revive Africa’s presence in the global motorsport arena.
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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