How big is the U.S. commitment to Africa? Let us count the ways, says Victoria Whitney, chief operating officer of the Prosper Africa initiative, launched in 2018.  She says that in the past year, the initiative, which spans 17 U.S. government agencies, has facilitated more than $22 billion worth of deals in more than 30 […]

The International Organization for Migration is providing rapid COVID-19 tests to thousands of truck drivers across Kenya as part of an effort to reinvigorate regional economies in Eastern and Central Africa. Much of Africa’s multibillion-dollar cross-border trade has been halted because of the COVID-19 pandemic. Truck drivers identified as a high-risk group for spreading the […]

UN Conference on Trade and Development (UNCTAD ) economists say the vast sums of money flowing out of Africa through illegal, corrupt practices are undermining progress made by African countries to achieve the UN’s Sustainable Development Goals (SDGs) by 2030. UNCTAD’s just released Economic Development in Africa Report 2020 estimates illicit financial flows out of Africa are […]

While some South Sudanese experts recommend the government adopt a new economic system used by developing states to cut off black market currency exchange and stabilize skyrocketing prices, a new U.N. panel report says the real problem in South Sudan is deeply entrenched government corruption. South Sudan should switch to a developmental state economic system […]

Opposition from top political figures in Libya’s U.N.-backed government in Tripoli to a deal announced Friday to resume the country’s oil production appears to have put the agreement on hold, at least for the moment. The deal between eastern Libyan military commander Khalifa Haftar and the Tripoli government’s deputy prime minister, Ahmed Maitiq, prompted negative […]

Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop.  Authorities blamed the decrease in food production on its northern border on the threat from Boko Haram terrorists. Damian Kinkoh of the food control unit of Cameroon’s Trade Ministry says about 6,000 metric tons of […]

Tax officials in Africa estimate that government revenues will drop between 10 and 30 percent in 2020 as a result of the economic fallout stemming from the coronavirus pandemic. But while businesses in the hospitality, construction and retail sectors have suffered, digital companies have boomed as more people stay home and conduct their activities online. […]

Members of the Economic Community of West African States, or ECOWAS, shut down all their land and air borders with Mali on Wednesday after its president announced his resignation following a military mutiny. ECOWAS said in a statement that it will als…