March 30, 2023
London CNN — Global trade is expected to slow sharply this year as high energy prices and rising interest rates take their toll on the economy. The World Trade Organization (WTO) projected in October that after growing by 3.5% in 2022, trade volumes will increase by just 1% in 2023. Given uncertainty over the strength
READ MOREJohannesburg, South Africa CNN — Car crashes, opportunistic criminals, rotting food, decomposing bodies, bankrupt businesses, and water shortages. Welcome to life under South Africa’s power blackouts. Last week the grim extent of the outages was laid bare when South Africans were advised to bury dead loved ones within four days. In a public statement, the
READ MORENairobi, Kenya CNN — When a prominent Pakistani investigative journalist was shot dead by Kenyan police on a dirt road on the outskirts of Nairobi, the questions began swirling immediately. How did he come to be there? Why did the police shoot at his vehicle? And did his outspoken reporting – often critical of the
READ MOREThe Spanish coast guard has rescued three people who were stowed on top of the rudder of a ship that arrived in the Canary Islands from Nigeria. In a photograph distributed by the coastguard on Monday, the migrants are shown perched on the rudder of the oil and chemical tanker Althini II. The Althini II
READ MOREAbuja, Nigeria CNN Business — Nigerians have criticized the “redesigning” of the country’s local currency proposed by its central bank to rein in counterfeiting and hoarding of large sums outside the banking system. President Muhammadu Buhari unveiled the redesigned 200-, 500-, and 1,000-naira notes on Wednesday, saying “the new Naira banknotes have been fortified with
READ MOREEditor’s Note: Adjoa Adjei-Twum. She is the Founder & CEO of the Africa-focused and UK-based advisory firm Emerging Business Intelligence and Innovation (EBII) Group for global investors interested in Africa and emerging markets.The opinions expressed in this article are solely hers. CNN — The recently-concluded COP27 was dubbed the “African COP” – with the continent
READ MORESharm el-Sheikh, Egypt CNN — The world has failed to reach an agreement to phase out fossil fuels after marathon UN climate talks were “stonewalled” by a number of oil-producing nations. Negotiators from nearly 200 countries at the COP27 UN climate summit in Egypt took the historic step of agreeing to set up a “loss
READ MORESharm el-Sheikh, Egypt CNN — The crowd was loving what Bhekumuzi Bhebhe had to say, cheering loudly as he yelled “don’t gas Africa!” into the megaphone. Standing under the baking Egyptian sun at the COP27 UN climate summit in Sharm el-Sheikh on Tuesday, Bhebhe, a South Africa-based climate campaigner, was protesting against what he says
READ MORECNN — Lagos, Nigeria’s commercial center, has a storage problem. At the West African trade hub’s shipping terminals, projected demand for container space far outstrips capacity. To narrow the gap, the state has embarked on one of the region’s most ambitious infrastructure projects, Lekki Deep Sea Port. Construction of the $1.5 billion port, located east
READ MORECNN — Uganda’s President Yoweri Museveni has slammed Western countries over what he calls a “reprehensible double standard” in their response to the energy crisis brought about by the Russian invasion of Ukraine. In a Twitter post on Sunday, Museveni singled out Germany for demolishing wind turbines to allow for the expansion of a coal-fueled
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