Eritrea has taken further steps to rebuild ties with its neighbors, announcing that it has rejoined the East African bloc Intergovernmental Authority on Development in Eastern Africa.

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African countries have some of the fastest growing economies worldwide. But for decades, the dominating image of Africa has been that of a poor and helpless continent. See why this image is misleading. #DWAfrica #the77percent #Africanyouths #Africabusiness #FactsAfrica #Economies
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77 percent of Africans are younger than 35. Africa's youth holds the key to shaping the continent’s future. On our platforms we share their stories, their dreams and their challenges. Are you part of the 77 percent? Join the debate here on YouTube, and on the following platforms:
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Despite facing social and economic issues and conflicts, East Africa is still at the forefront of the long-standing goal to unite Africa. The region's trade partnerships, economic cooperation, and shared resources have made it one of the most innovative in Africa. Furthermore, its efforts to unify the region's currency is a unique and ambitious strategy.

Even among the most progressive regions in the world, ideas like this are often avoided. Economies around the world that do not have a closely shared history often prefer to steer clear of the topic. But East Africa is different - the region is not only insistent on creating a unified currency, but also actively pushing for its realization


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Somaliland is a self-declared state in practice even though technically it's still seen as being part of Somalia. This lack of diplomatic recognition makes it difficult to keep development plans on track. The country's GDP is estimated to be about 3.5 billion euros, for around 5 million inhabitants, an extremely small sum. Though Hargeisa insists it's politically stable compared to its Somali and Ethiopian neighbors, attracting international investment is still difficult.. FRANCE 24's correspondent Bastien Renouil tells us more.

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The AfDB Group launches the inaugural edition of Africa’s Macroeconomic Performance and Outlook report on at its Abidjan Headquarters. The publication offers policymakers, global investors, researchers, and other development partners an up-to-date evidence-based assessment of the continent’s recent macroeconomic performance and short-to-medium-term outlook amid dynamic global economic developments.

Ethiopia's Prime Minister Abiy Ahmed hailed the announcement Thursday that his country would be among six new members of the BRICS club of emerging nations. FRANCE 24's Clothilde Hazard reports from Addis Ababa, Ethiopia.
#BRICS #Ethiopia #SouthAfrica

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The East African Community has presented a budget of 103.8 million dollars, which is approximately 384 billion shillings for the financial year 2023/2024. Ezekiel Nibigira, the Chairperson of the Council of Ministers, who is also Burundi’s EAC Affairs Minister, presented the budget to the Regional Assembly in Arusha. #NTVNews #NTVTonight #NTVWeekendEdition

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Sudan was in everybody’s mind at the General Assembly of the African Development Bank held in Egypt. After more than a month of conflict, the regional actors discussing Africa’s future and development show their concern. FRANCE 24’s Nuria Tesón and Edouard Dropsy report from Sharm el Sheikh.
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At the #ACS23 Leaders' Event co-convened by the Global Center on Adaptation and the African Development Bank Group, President Akinwumi Adesina described the newly launched #AAAP Country Compacts as "a framework that is clear, transparent, accountable in delivering the money" for #climateadaptation action.

African Leaders joined top representatives of global and regional institutions during the Africa Climate Summit to guide a resilient transformation for Africa in light of the climate emergency fallout on the region.

Leaders highlighted their key messages in the Leaders' Communique: https://gca.org/news/leaders-c....ommunique-africas-ad

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Founded in 2018, our global headquarters is hosted by the Netherlands in the largest floating office in the world in Rotterdam, with regional offices in Africa, South Asia and Asia Pacific, and a knowledge and research hub based in Groningen. Through our evolving network of offices, we engage in innovative solutions to drive adaptation at scale, high-level policy development, new research contributions, advocacy, communications, and work with our partners to deliver action on the ground.

Our work focuses on those who are the most vulnerable to the effects of climate change including the poorest people in the poorest countries. They are the least prepared to withstand the triple health, social and economic impacts of our climate emergency.

Since 2021, the Africa-owned and Africa-led Africa Adaptation Acceleration Program (AAAP), has been the implementation vehicle of the vision of the Africa Adaptation Initiative, with proven results to scale adaptation. Co-designed between the African Development Bank and the Global Center on Adaptation, and endorsed by the African Union, the AAAP is mobilizing $25 billion in climate-resilient investments by 2025. In its first 24 months, the AAAP has integrated adaptation into over $5.4 billion of investments, securing resilient development objectives across 27 African countries.

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The African continent can still recover from the current challenges it's facing.

This is the view of two ANC veterans, former president Thabo Mbeki and anti-apartheid activist Sophia Williams-De Bruyn speaking during the Calabash Awards in Sandton, north of Johannesburg.
The University of South Africa held the Calabash Awards honouring men and women who have made a contribution to society.

The former South African president says the recently released Harvard report on the state of the economy in South Africa is troubling, however, the country has men and women who can turn the situation around. The former President shared the content of the Harvard Report on SA.


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In an exclusive interview with WION, the minister of international relations and cooperation of South Africa, Naledi Pandor hails India's contribution and engagement with the African continent, especially during Covid-19 pandemic by providing vaccines. She hoped more Indian pharmaceutical companies set up shop in South Africa and help them produce vaccines as well.

#India #SouthAfrica #WION

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#DrSultanAlJaber delivered a speech and engaged in conversations with leaders from the public and private sectors at the annual @AfDB_Group meeting in Sharm El-Sheikh.

The #COP28UAE President-Designate highlighted Africa's immense potential for low-carbon growth and sustainable development by unlocking finance.

During his remarks, he also urged for IFI and MDB reforms to encourage private capital mobilization for accessible, affordable finance to achieve the world's climate goals and Africa's sustainable development.

The 39th Southern African Development Community (SADC) Ordinary summit of Heads of State and Government opens in the Tanzanian capital Dar es Salaam. IMAGES

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"Lucky that India has G20 Presidency": Nigeria Heaps Praise on India | G20 Summit 2023

Firstpost conducted an exclusive interview with Nigeria's foreign minister Yusuf Maitama Tuggar. India invited Nigeria as a guest to the current G20. Nigeria wants to become a member of the group along with the African Union. African nations believe they need a greater voice at the table, and India is championing their cause.

Nigeria | Yusuf Maitama Tuggar | Foreign Minister | African Union | G20 Summit | India | G20 Permanent Guest | Africa | South Africa | European Union | G20 with Firstpost | Firstpost | World News | Vantage | Palki Sharma

#nigeria #africa #g20summit #g20membership #g20withfirstpost #firstpost #vantageonfirstpost #palkisharma #worldnews

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The African Development Bank (AfDB) and FAO today (27 August 2018) agreed to boost joint efforts aimed at catalysing agriculture sector investments in Africa to end hunger and malnutrition and increase prosperity throughout the continent. In terms of the agreement, the AfDB and FAO are committed to raise up to $100 million over five years, to support joint partnership activities.

Specifically, the new strategic alliance seeks to enhance the quality and impact of investment in food security, nutrition, social protection, agriculture, forestry, fisheries and rural development.

AfDB President Akinwumi Adesina and FAO Director-General José Graziano da Silva signed the agreement, which builds on a longstanding collaboration between their organizations, at the UN agency's Rome headquarters.

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African leaders and Saudi Arabia are keen to strengthen economic, political and diplomatic ties.

Saudi Crown Prince, Mohammed Bin Salman, is hosting the inaugural Saudi-Africa Summit in Riyadh.

South Africa is represented by Deputy President Paul Mashatile, and tourism is one of the key sectors that will be discussed.

Khayelihle Khumalo has more.

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African countries face an unprecedented financing squeeze that is forcing them to focus on managing debt rather than development, Ethiopia's Prime Minister Abiy Ahmed said during France's climate summit on Thursday.

Ahmed urged reform of multilateral development banks to ensure they play a greater role in addressing the crises hitting the continent.

#voaafrica #africa #abiyahmed

Over the past two decades, China has built large infrastructure projects in almost every country in Africa, making Western powers uncomfortable amid wider concerns about Beijing’s investments across the continent. However, a deeper look shows that accusations of so-called debt trap diplomacy turn out to be unfounded.

#Africa #China #BloombergQuicktake

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