News around Africa

The International Monetary Fund (IMF) data shows that several African countries have taken on large loans from the Fund. While these credits help nations weather economic shocks, heavy IMF debt also brings strict conditions and repayment challenges.  Here are the 10 African countries with the biggest outstanding IMF loans and…

Africa, often celebrated as the next frontier of global development in prosperity is slowly becoming the privilege of a very small few. Africa’s richest 5% now control an estimated $4 trillion in wealth more than double what the remaining 95% of the population owns combined.  This isn’t just a statistical…

When we ask, “Who’s doing well in Africa?”, the answer goes far beyond money or flashy buildings. Sure, a strong economy matters but living well isn’t just about wealth.  It’s about feeling good, staying healthy, having strong relationships, finding purpose, and feeling respected in your community.  That’s what researchers now…

Picture an exporter in Lagos who fulfils a large order of cashews or cocoa, only to wait 3 weeks for a paper letter of credit to clear. While goods sit idle, storage fees mount and cash flow tightens.  African Trade Finance Innovations are changing that story. By replacing outdated paperwork…

Walk through any open-air market in Lagos, Accra, or Nairobi, and you’ll likely find imported rice from Asia, frozen chicken from Europe, and processed tomato paste from China.  This is in countries where rice fields stretch for miles, poultry farms dot the landscape, and tomatoes are grown in abundance. So…