Dawn of a second Cold War and the ‘scramble for Africa’

Abstract Ample empirical evidence shows that the African Continental Free Trade Area (AfCFTA) will boost the competitiveness of African economies and accelerate the diversification of sources of growth and trade to deepen economic integration in Africa and enhance the region’s assimilation into the world economy. However, realizing these potentials hinges on reversing the current trend…

New tools for easing cross-border trade in Africa

Mike Ogbalu, CEO of the Pan-African Payment Settlement System (PAPSS) at the African Export-Import Bank, discusses PAPSS, a cross border, financial market infrastructure enabling payment transactions across Africa. Related Content Foresight Africa podcast is part of the Brookings Podcast Network. Subscribe and listen on Apple, Spotify, and wherever you listen to podcasts. Send feedback email to podcasts@brookings.edu, and…

EMEA: Central African Republic Embraces Crypto | PYMNTS.com

In today’s top Europe, Middle East and Africa (EMEA) news, Central African Republic Finance Minister Herve Ndoba said the use of cryptocurrencies in the nation’s economy is coming, while London’s TrueLayer has introduced variable recurring payments (VRP). Plus, Facebook owner Meta and Google pledged to permit only registered financial firms to advertise promotions on their…

Denver Plans Direct Flights to a “Growing African Continent”

DENVER  — (AFRICA NEWS MATTERS)  Recently we learned Denver International Airport (DIA) and the city of Denver, fondly called the mile-high city, in the US state of Colorado, have begun exploring possibilities for direct flights to continental Africa. DIA has set up a team that is working on this initiative called Denver Air Service Committee.…

12 American Stories that Frame U.S.-Africa Relations under the Trump Administration

Americans are casting their votes in the November 3 election for those who would represent them at national and local levels. The stakes are especially high for the offices of the President, Senators, and the House of Representatives. While this is taking place, I’ve been reflecting on the importance of the relations between the United…

6 African Development Stories You May Have Missed

No doubt, coronavirus has become one of the deadliest diseases in modern history, with about 500,000 casualties worldwide. The pandemic has left in its wake severe economic consequences, especially for the world’s developing nations. Despite the many socio-economic challenges faced and exacerbated by the pandemic, many African nations have shown great resilience. The news continues…

What Can Official Visits Tell Us About U.S.-Africa Relations?

As U.S. President Barack Obama’s presidency winds down, we at Africa Agenda feel it is important to look back at what he and his administration did — or didn’t do— for the African continent over the past 8 years or so. Obama himself is half African; born to a Kenyan father and an American mother.…