Sub-Saharan Africa is poised for a gradual economic upturn in the coming years, buoyed by an enhanced external milieu that diminishes the risk of significant currency devaluations and sovereign defaults.
Emerging markets will overtake the Western world in terms of the collective nominal size of their economies by 2050, with China and India as the second and third largest behind the US, according to Capital Economics’ long-term forecasts.
Saudi Arabia is hosting its first ever Africa Summit, underscoring Crown Prince Mohammed bin Salman's (MbS) growing focus on African affairs.
Uganda, rich in untapped uranium deposits, plans to export electricity generated by the NPPs to underserved countries in the region including the DR Congo, South Sudan and Chad.
Russia and Africa can work together to protect national sovereignty and put an end to colonialism, Russian President Vladimir Putin told African delegates at the 2023 Africa-Russia summit in St. Petersburg.