Both China and the GCC seek to secure resources in Africa; where China tilts towards oil and gas, the Gulf states prioritise agricultural investments. They also bring complementary resources to Africa. Beyond finance, China can provide the critically needed industrial, technological and infrastructural capabilities to upgrade Africa’s productive capacities. Clean technology is a key driver
Bassirou Diomaye Faye was sworn in last week as Senegal’s youngest elected leader, following closely watched presidential elections that passed off smoothly on March 24. The leftwing political novice, a former tax collector who has no experience of elected office at any level, is poised to bring in new measures designed to tackle some of
Kaposi’s sarcoma virus. The World Health Organization predicts a 60% rise in global cancer cases over the next two decades, with an 81% increase expected in low- and middle-income countries. Credit: Shutterstock. Opinion by Nicholas Okumu (nairobi) Tuesday, April 02, 2024 Inter Press Service NAIROBI, Apr 02 (IPS) – Despite global childhood cancer mortality rates dropping
Researchers at CoinGecko say 42% of loans from private credit protocols focus on emerging markets, particularly in the automotive sector. Private credit protocols — like Centrifuge and Goldfinch — allocate over 42% of their outstanding loans to a car financing, CoinGecko has revealed in a recent research report, adding that the sum is totaling more
In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very different sort of federal
Despite misfires during previous infrastructure endeavours in Africa, the Middle East and Central Asia, China is now making substantial green energy investments in those regions – and finding eager takers. Companies are making strides in power generation and crafting solar energy equipment with support from a range of host countries, including Egypt, Mauritius, Qatar and
WASHINGTON (Reuters) – World Bank President Ajay Banga on Monday rejected allegations that the bank’s International Finance Corp arm sought to cover up reports of sexual abuse at a for-profit school chain in Kenya in which it held a stake from 2013 to 2022. Banga, asked during a Center for Global Development public event about
The Third South Summit brought together the 135 members of the Group of 77 and China (G-77/China) to boost South-South cooperation on trade, investment, sustainable development, climate change, poverty eradication, and digital economy, among other areas. Members emphasized that “reforms of the international financial architecture should better reflect the needs and priorities of developing countries