Elon Musk, the one-of-a-kind South African boss of Tesla and SpaceX, briefly saw his fortune exceed that of Amazon founder Jeff Bezos. Here is the life story of the genius who seeks to explore space.
Category: Investing
World Bank Plans to Invest Over $5 Billion in Drylands in Africa
Washington, U.S— The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti.
Sahel Region: African Dev’t Bank Pledges to Mobilise $6.5B in Support of Great Green Wall Initiative
Paris, France, January 11, 2021/ — The Sahel region’s Great Green Wall Initiative received a major boost from the African Development Bank (www.AfDB.org) on Monday.
Economist Carlos Lopes: “Orthodoxy In Macroeconomics Is Gone Out The Window”
Leading the African Union’s negotiations on future economic relations with the European Union, Carlos Lopes is at the heart of the bid to reposition the continent in an era of fast-changing international ties.
Dummy’s Guide to How Trade Rules Affect Access to COVID-19 Vaccines
A market place in Ghana’s capital Accra. Developing countries like Ghana risk being left behind in the race to secure COVID-19 vaccines. Christian Thompson/Anadolu Agency via Getty Images Ronald Labonte, L’Université d’Ottawa/University of Ottawa and Brook K. Baker, Northeastern University The race is on to secure vaccines that will protect people from COVID-19. But it’s […]
Angola May Be Forced Into Debt Restructuring In 2021
A restructuring of Angolan debt this year is becoming more likely as the country’s foreign currency reserves dwindle.
For Heavily Indebted Small Islands, Resilience-building is the Best Antidote
Small island nations are taking on water in the form of a vicious debt trap which damages their productivity and ability to recover from disasters and other structural constraints. UNCTAD warns the situation is unsustainable and requires urgent global attention.
Chad: African Dev’t Bank Grants $11.26 million for Women and Girls’ education
Abidjan, Ivory Coast/ — The Board of Directors of the African Development Bank (www.AfDB.org) has approved a grant of $11.26 million to the Government of Chad to finance the Girls’ Education and Women’s Literacy Project– the first Bank grant exclusively targeting women and girls.
Iran in Africa: Ideology Comes at the Expense of Diplomacy and Business
Since 1979, Iran’s presence on the African continent has been driven by anti-Americanism and efforts to spread Shiite ideology, damaging economic and political relations in the process.
Global Economic Prospects: Output in Sub-Saharan Africa Contracted by 3.7%
Output in the Sub-Saharan Africa region contracted by an estimated 3.7% in 2020, as the COVID-19 pandemic and associated lockdowns disrupted economic activity.