Security

Africa's Economic Boom: Top 10 Sectors and Trailblazing Companies

Africa’s Economic Boom: Top 10 Sectors and Trailblazing Companies

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Africa is a continent brimming with potential, characterized by diverse economies and abundant resources. In recent years, several top sectors have emerged as pivotal for the economic boom, driven by innovation, investment, and strategic initiatives. This article highlights the ten main areas of economic growth in Africa and profiles ten trailblazing companies making significant impacts […]

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Climate Change Unleashes Mosquito Surge: Africa's Malaria Battle Intensifies

Climate Change Unleashes Mosquito Surge: Africa’s Malaria Battle Intensifies

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A groundbreaking study has revealed that climate change will significantly expand mosquito habitats across Africa, potentially increasing malaria transmission in regions that have previously been unaffected. This finding underscores the urgent need for proactive measures to combat malaria, highlighting the importance of enhanced surveillance, improved healthcare infrastructure, and community education to mitigate the impact of

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credit rating Africa

The African Union’s Credit Rating Agency Initiative

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The African Union (AU) is set to launch its own credit rating agency, by 2025, a move driven by long-standing concerns that the existing global rating agencies—Moody’s, Fitch, and S&P Global Ratings—do not fairly assess the risk of lending to African countries. This new agency, the African Credit Rating Agency (ACRA), aims to provide more

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UN Summit of the Future: A Once-in-a-Generation Opportunity

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The Summit of the Future, scheduled to take place at the United Nations Headquarters in New York in September 2024, represents a pivotal moment for the international community. This summit is widely recognized as a once-in-a-generation opportunity to address some of the most pressing challenges facing humanity. By convening global leaders, policymakers, experts, and stakeholders,

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a city with rainbow colored lines

Economic Diversification in Africa: Overcoming Reliance on Primary Industry for Sustainable Growth

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Over the years, Africa’s economic landscape has been characterised by heavy reliance on primary industry and primary sector exports. As the continent developed, primary industry has become the backbone of the wider African economy and employs a significant portion of the continent’s workforce. Historical focus on these industries, particularly agriculture and fossil fuels (to name

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A focus on migration

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The International Organization for Migration (IOM)’s flagship World Migration Report aims to clarify and demystify global migration trends with accurate, evidence-based information. This IOM initiative is crucial as migration often suffers from widespread misinformation and politicization, leading to distorted public perceptions. Key Points from the World Migration Report: Global Scope of Migration: The report details

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Remittances

Bridging Economies: How Remittances Outpace FDI and ODA in Supporting Global South Development

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In the dynamic economic landscapes of low- and middle-income countries (LMICs), remittances have emerged as a cornerstone of financial stability and social development. According to the World Bank, remittances to LMICs surged by 5% in 2022 to reach a substantial $614 billion, underscoring their vital role in bolstering household incomes and alleviating poverty despite global

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Energizing Development: How 300 Million Africans Will Gain Electricity

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The World Bank Group, in collaboration with the African Development Bank Group (AfDB), launched an ambitious initiative to electrify 300 million Africans by 2030. Unveiled during the recent World Bank and International Monetary Fund Spring Meetings in Washington, this plan aims to drastically reduce the number of individuals without access to electricity, thereby cutting it

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Navigating Troubled Waters: The Impact of Red Sea Attacks on Africa’s Maritime Security

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Recent maritime attacks in the Red Sea and Western Indian Ocean have underscored the fragility of Africa’s maritime infrastructure, with broad implications for the continent’s economy, security, and environmental health. These incidents have exposed critical vulnerabilities, leading to disruptions in global trade, increased insurance costs, and significant fiscal challenges, particularly for nations like Egypt reliant

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