After more than a decade-long absence, Chinese automaker Geely is set to re-enter the South African market, marking a significant comeback in a sector long dominated by established global brands. Geely will re-enter the South African automotive market in October 2025 after a decade-long absence. The automaker plans to establish 40 dealerships nationwide, focusing on…
Not only does a strong national currency for African countries represent economic resilience, but it also acts as a buffer against outside shocks and promotes prosperity. A strong national currency impacts African economies by boosting economic resilience and reducing reliance on external factors. Stable currencies help lower the cost of imports, alleviating inflation and enhancing…
Eswatini recently disclosed that it had repatriated a Jamaican native who had been sent to the Southern African country from the United States under the Donald Trump third-country immigration policy. Eswatini repatriated Jamaican native Orville Isaac Etoria, initially deported by the US under a third-country immigration policy. Etoria, 62, returned to Jamaica and was warmly…
Congolese President Felix Tshisekedi said former U.S. President Donald Trump would be deserving of a Nobel Peace Prize if he succeeds in ending more than 30 years of conflict between Rwanda and the Democratic Republic of Congo. Congolese President Felix Tshisekedi expressed optimism that a U.S.-brokered peace agreement could bring an end to 30 years…
The Democratic Republic of Congo (DRC) has firmly rejected proposals to “auction” its mineral resources to the United States, reaffirming its control over one of the world’s most valuable mining sectors. The Democratic Republic of Congo (DRC) rejected proposals to auction its mineral resources to the US, signaling its strategic autonomy. The DRC signed a…
The latest Human Development Index highlights how several African countries remain among the lowest-ranked globally, reflecting deep struggles with poverty, instability, and limited quality of life. The 2025 Human Development Index (HDI) highlights challenges faced by several African nations, ranking them among the lowest globally. HDI measures development using health, education, and income indicators, emphasizing…
Botswana’s President Duma Boko says his government is aiming to finalise a deal to acquire majority control of De Beers by the end of October. Botswana aims to finalize acquisition of majority control in De Beers by October. Anglo American Plc is seeking to divest its 85% stake in De Beers due to market restructuring.…
Since its inception, the International Monetary Fund (IMF) has been a key player in assisting African countries struggling with balance-of-payments issues, fiscal deficits, or liquidity difficulties. The International Monetary Fund (IMF) has historically assisted African nations facing financial challenges through loans and credit facilities. Recent cases in Zambia and Uganda highlight the complexities and long-term…
The Gates Foundation will give $912 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria, philanthropist Bill Gates announced on Monday, as he called on governments to reverse global health funding cuts that could disproportionately affect Africa. Urgent Risks for African Children Speaking at a Reuters Newsmaker event in New York, Gates noted…
