Browsing: Africa news

One of Africa’s leading diversified mining and mineral companies, African Rainbow Minerals (ARM), has recorded a significant surrender in its financial performance due to dwindling ferrous metal prices. The company revealed a disheartening 43% fall in its earnings for the first half of the year.

The African Development Bank (AfDB) has set forward ambitious plans to promote carbon pricing mechanisms across 10 states in Africa by the year 2030, in a bid to ensure climate-proof economic growth across the continent.

The World Economic Forum (WEF) is advocating for the creation of vaccine production hubs across Africa to ease the distribution of vaccines throughout the continent. The proposal surges amidst the realisation of a skewed spread of vaccines, particularly for low- and middle-income nations, despite the global efforts through the COVAX Facility.

The largest Black History Month event in the US, the Pan African Film Festival (PAFF), is now well underway, with events lined up from February 11 to 23.

A significant partnership between ARC Insurance Company Limited (ARC Ltd) and the US Government’s International Development Finance Corporation (DFC) is set to boost the accessibility and availability of parametric insurance in Africa.

South Africa has pledged to dispatch an additional 2,900 troops to the Democratic Republic of the Congo (DRC) to aid the United Nations’s peacekeeping forces operating in the volatile region.

Scientists working closely on new possible vaccines have escalated hopes about eradicating one of Africa’s most pressing health problems—malaria, a deadly disease causing several deaths annually, predominantly among children.

The African Development Bank (AfDB) and the United Nations High Commissioner for Refugees (UNHCR) have announced a significant partnership with a commitment of $17.2 million to support the forcibly displaced population in South Sudan. The comprehensive project addresses the prevalent issue of poverty among refugees and the communities hosting them.

Canadian officials have been routinely warned that the nation is consistently losing its relevance within the African continent, despite a history of substantial peacekeeping efforts during the 1990s. This declining influence in Africa comes despite fluctuating aid commitments from Canada amounting to between $2.3 billion and $3.3 billion since the start of 2010.

As local government elections round the corner, South Africa’s far-left opposition party, the Economic Freedom Fighters (EFF), is poised to take control of key municipalities. Spearheaded by their fiery leader, Julius Malema, the EFF has grown increasingly influential since its establishment in 2013.