South Africa’s decision to host US-Africa trade summit sparks diplomatic tensions

This decision comes in the face of strong calls from U.S. politicians to change the summit’s location. Their primary concern? South Africa’s alleged deepening military ties with Russia, according to a Reuters report. The summit in question, known as the U.S.-Sub-Saharan Africa Trade and Economic Cooperation Forum, is scheduled to convene in Johannesburg, South Africa’s

Burna Boy’s South Africa concert has been cancelled, here’s why

Burna’s management cited incompetence on the side of the show’s promoters as the reason for the show’s dissolution, after which they promised to refund tickets and apologised for the inconvenience. The concert was scheduled for September 23, at the FNB Stadium in Johannesburg, South Africa. The management stated: “Sadly, it is with great regret that

AU 2063 agenda at risk due to cybercrime

The stakeholders called for sufficient investments and synergy among African countries to tackle cybercrime activities. According to a communiqué, “Cybercrime remains a potential threat to the implementation of AU 2063 agenda and AU’s digital transformation strategy.” “African Union and African Government to ensure adequate investment to fight cybercrime activities, ensure international cooperation, and capacity building

Why Nigeria missed BRICS membership

Many Nigerians and members of the international community were surprised that Nigeria, the largest economy in Africa, was not invited as one of the new members of the regional economic bloc BRICS. However, Haruna Manta, Nigeria’s High commissioner in South Africa, said Nigeria was indeed invited to apply as a member of BRICS. But, Nigeria

Africa Money and DeFi Summit and Amazon Web Services Partner to Drive Digital Transformation in Africa | The Guardian Nigeria News

ACCRA, Ghana, 21 September 2023 -/African Media Agency(AMA)/-The Africa Money and DeFi Summit ,creators of Africa Tech Summit are delighted to announce its partnership with Amazon Web Services (AWS) a subsidiary of Amazon.com, to drive digital transformation in Africa. With an unmatched legacy of 12 consecutive years as a Gartner Cloud Infrastructure and Platform Services (CIPS)

Currency depreciation and infrastructure issues hamper African trade, says Standard Bank report By Investing.com

A recent report from South Africa’s Standard Bank has highlighted numerous challenges faced by African businesses, particularly in the context of local currency depreciation, foreign currency shortages, and infrastructure deficiencies. The findings were published in the 2023 Standard Bank Trade Barometer report on Thursday.The report provided insights into the business environment in ten African countries

Ghana May Export Electricity to Nigeria as Country Achieves 85% Universal Energy Access

Peter Uzoho West African nation, Ghana, is making adequate plans and implementing policies and programmes to further grow its power sector to achieve 100 per cent universal energy access and probably export to her “big brother” nation, Nigeria. The Head of Generation and Transmission Unit, Ministry of Energy, Ghana, Mr. Hanson Monney, stated this in

Forex Shortage Caused By Economic Constraints Is Challenging Intra-Africa Trade

Intra-country trade across Africa is stuttering as businesses struggle to find the foreign currency, most notably the US Dollar, they need to pay for imports – a shortage caused by the depreciation of local currencies, higher interest rates and capital flight in the continent’s developed markets, says findings in latest Standard Bank Africa Trade Barometer.