African SIDS Blue Economy Project Showcased at the Africa Blue Economy Week in Addis Ababa

The USD 9 million initiative, which will be implemented over a period of 3 and a half years, is designed to transform livelihoods and ecosystems across six island nations, namely Cabo Verde, Comoros, Guinea-Bissau, Mauritius, São Tomé and...

How growth markets are redefining the global economy

For decades, development has been measured almost exclusively through gross domestic product and other macroeconomic indicators. Using these metrics, the world economy delivered rising growth rates, expanding infrastructure and global integration....

World Green Economy Summit Hosts a High-Level Ministerial Roundtable

The session, held under the theme ‘Delivering Climate Ambition by 2030 and Beyond–United Action for Green Transition’, aimed to advance climate ambitions and promote dialogue on aligning policies, finance and innovation with sustainable...

Mixx expands digital financial services for Mtwara cashew farmers

DAR ES SALAAM: MIXX has expanded its digital financial services for cashew farmers in Mtwara to promote financial inclusion, simplify transactions and broaden access to agricultural markets. Yas Director for the Coast South Zone, Ms Fadhila Saidi,...

IsDB Directors Approve US$1.27bn to Spur Sustainable Devt, Build Resilient Economies in Nigeria, Member Countries

Sunday Okobi Members of Board of Executive Directors of Islamic Development Bank (IsDB) have approved a substantial number of projects amounting to about US$1.27 billion across 12 member countries in Asia, Africa and MENA. At their 362nd meeting...

IsDB Board of Executive Directors Approves Nearly US$ 1.27 Billion to Spur Sustainable Development and Build Resilient Economies across 12 Member Countries

Jeddah, Kingdom of Saudi Arabia, 29 September 2025 – Members of the Board of Executive Directors of the Islamic Development Bank (IsDB) have approved a substantial range of projects amounting to approximately US$ 1.27 billion across 12 member...

Mauritius Leads, Zimbabwe Trails in Africa’s 2025 Economic Freedom Ranking

Mauritius remains Africa’s most “economically free” country, according to the “Economic Freedom of the World 2025” report released on September 25, 2025, by the Fraser Institute, a Canadian think tank. The report assesses the state of economic...

Cash is still king across Africa. Can a new payment platform transform business?

From the tea houses of the ancient town of Casbah to the lemonade stalls in the Roman ruins of Tipaza and the fashion stores of downtown Algiers, cash remains king in and around the capital of Africa’s third largest economy. Unlike in parts of...

Electricity is bedrock of jobs, manufacturing and economic growth in power-deficit Africa

Around 600mn people in Africa—roughly 43% of the continent’s population — still lack access to electricity. While electrification rates have improved over the past decade (from about 40% in 2010 to around 57% in 2024), sub-Saharan Africa remains...

AfDB approves $10m trade finance guarantee for Exim Bank Tanzania

The African Development Bank Group (AfDB) has approved a $10 million trade finance guarantee facility for Exim Bank Tanzania Limited to support small and medium-sized enterprises (SMEs) and local corporates engaged in cross-border trade. The...

AfDB approves $10m facility to boost Tanzania’s trade finance

The African Development Bank Group has approved a $10 million trade finance guarantee facility for Exim Bank Tanzania Limited to help unlock and de-risk trade transactions in the country. The support will provide guarantees of up to 100% to...

Weekly Roundup: IG's First Spot Crypto Revenue; Can Trump’s Push to End Quarterly Reports Benefit Companies?

IG Group Q1 revenue drops as trading slows Another week, another set of headlines driving the markets. IG Group reported net trading revenue of £231.9 million in the first quarter of its 2026 fiscal year, a 4% decline from the same period last...

Comoros takes action on dark fleet

Israeli maritime analytics firm Windward is reporting that the government of Comoros has begun a clean-out of its international registry, a flag which has been central to sanctions-circumventing dark fleet tankers shipping Russian, Iranian and...

Why Abu Dhabi's tram project is a key stop on the route to connecting the capital

The new tram line set to connect locations in Abu Dhabi could spark further growth in the area, according to transport analysts, who are keen to see the network expand. As revealed this week, the first phase of the Abu Dhabi Light Rail Transit...

Lisa Cook Tells Supreme Court There Will Be Market "Chaos And Disruption" If She Is Fired

What do you do when you are highly underqualified for your job, which you plagiarized to get in the first place, and on top of it all you broke the law and now your current boss doesn't want you any more? Well, you sue of course... and if that...

17 African Countries Back Reforms To Expand Electricity Access — World Bank

Seventeen African governments have endorsed reforms and action plans to expand electricity access under Mission 300, the World Bank has said. The World Bank Group and African Development Bank Group lead the initiative, which aims to connect 300...

Tanzania specialist doctors to deliver specialised care in Comoros medical camp

COMORO: A TEAM of specialist doctors from five major hospitals in Tanzania is set to conduct a one-week medical camp in Comoros, following a directive by President Samia Suluhu Hassan during her visit to the island nation. This year’s...

Abdullah bin Zayed meets President of Union of Comoros in New York

During the meeting, His Highness Sheikh Abdullah conveyed the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His...

World Bank boosts Middle East presence with new office in Saudi Arabia

The World Bank has opened a new office in Saudi Arabia, boosting its presence in the region as it aims to strengthen global co-operation from a city it says has become a “global convener” of knowledge development. The office, located in the...

Tanzanian doctors set for free medical camp in Comoros this October

Dar es Salaam. A team of specialist doctors from five leading hospitals in Tanzania will conduct a week-long free medical camp in Comoros this October, following a directive by President Samia Suluhu Hassan during her visit to the islands. The...