Category: World

Ethiopia’s foreign direct investment reached $4 billion for the fiscal year ending July 2025, according to the country’s Investment Commission. This represents a modest 2.2% increase from the previous year, signalling a steady inflow of capital despite economic challenges. The rise in FDI comes as the country prepares for a major bond restructuring, which aims to alleviate its mounting debt burden.The FDI figure is particularly significant given the global economic slowdown and the internal challenges Ethiopia faces, such as

Elon Musk has reportedly suspended his ambitious plans to create a new political party, instead shifting his attention back to his array of business ventures. According to the Wall Street Journal, sources close to the billionaire entrepreneur have confirmed that Musk now intends to focus on his companies, including Tesla, SpaceX, and Twitter, which recently rebranded as X.The idea of a new political movement was first floated by Musk earlier this year, capturing the attention of both supporters and critics

A growing crisis unfolds in Saint-Louis as families uprooted from the Langue de Barbarie peninsula remain in precarious limbo at the Khar Yalla site, more than nine years after coastal erosion rendered their homes uninhabitable. Despite the introduction of temporary shelters at Diougop under the SERRP programme, many displaced persons continue to confront chronic hardship, vulnerability and the erosion of hope.Dozens of families originally from Guet-Ndar, Gokhou-Mbathie and Santhiaba were relocated to Khar Yalla when the advancing sea swallowed their

Four technology firms from Australia, Nigeria, the UAE and the Netherlands have signed a Memorandum of Understanding to launch a joint venture named AfricAI, aimed at creating enterprise-grade artificial intelligence solutions specifically designed for Africa’s diverse markets. The pact marks a strategic push for digital sovereignty and localised innovation across the continent.Lakeba Group of Australia, Next Digital of Nigeria, AqlanX of the UAE and Agentic Dynamic of the Netherlands are the founding partners behind AfricAI. Nigeria will serve as the

A 13-year-old boy has died following a shooting at a home in Pimicikamak Cree Nation, and a 17-year-old has been charged with manslaughter. RCMP from the Cross Lake detachment responded at about 5:40 p. m. on Saturday after reports of gunfire. The victim was transported to a local nursing station, where he was pronounced dead. The 17-year-old was arrested at the scene and a firearm seized, police confirmed.This incident has cast a sombre mood over the Pimicikamak community, located

French authorities have initiated dialogue with Mali to secure the immediate release of a French national working at the embassy in Bamako, whose detention Bamako’s military regime justifies with allegations of involvement in a destabilisation plot. The French foreign ministry has dismissed these allegations as baseless, emphasising that the detained individual is entitled to protections under the Vienna Convention on Diplomatic Relations.French officials argue that the embassy staffer’s detention breaches longstanding diplomatic norms and demands swift clarification of the matter.

Cambridge Dictionary has added over 6,000 entries to its online lexicon this year, including the slang “skibidi,” alongside other terms that reflect internet-era linguistic shifts. Lexical programme manager Colin McIntosh emphasised that each word chosen shows signs of enduring use, based on analysis via the Cambridge English Corpus containing more than two billion instances of written and spoken English.“Skibidi” entered the dictionary with a flexible definition — it can mean “cool” or “bad,” or serve as a humorous placeholder with

Cocoa processing in Ivory Coast saw a significant decline in July, with the nation’s cocoa grind dropping by 31.2% compared to the same period last year. According to figures released by the Ivory Coast Exporters’ Association, the volume of cocoa ground during the month amounted to just 39,301 metric tons, marking a sharp fall from the 57,125 metric tons processed in July 2023. This downturn has raised concerns within the industry, particularly among exporters and grinders, who are grappling with

LUSAKA, Zambia — The largest climate adaptation event of the year wrapped up in Lusaka, where world leaders, policy makers, and experts issued a strong appeal for increased financial commitments to tackle the accelerating impacts of climate change. Hosted in Zambia, the UN Climate Adaptation Expo served as a key platform for discussing strategies to protect vulnerable populations and economies from the worsening climate crisis.The Expo, held in the Zambian capital, brought together over 2,000 participants from across the globe,

China has firmly defended the actions of one of its state-owned companies following a deadly mining disaster in Zambia, while indirectly rebuking the United States for its vocal criticism of the incident. The comments were made in response to mounting international scrutiny regarding the company’s handling of the situation and the safety measures at its operations.A deadly incident occurred at the mine in Zambia, operated by a Chinese-owned firm, when a series of structural failures led to the collapse of

Hurricane Erin intensified into a Category 4 storm on Sunday, prompting urgent warnings from the U. S. National Hurricane Center. As the storm moves northward, it poses an increased risk to coastal areas along the U. S. eastern seaboard, particularly in terms of hazardous surf and rip currents.The NHC's latest updates indicate Erin's centre is tracking towards the open Atlantic after battering the U. S. Virgin Islands and Puerto Rico with heavy rainfall and powerful winds. These regions experienced widespread

Negotiations at the United Nations aimed at creating a legally-binding treaty to tackle global plastic pollution have once again stalled, leaving international efforts in disarray. This latest failure in the negotiations signals a growing sense of pessimism among key environmental advocates and policymakers who had hoped for substantial progress on what was once seen as a groundbreaking initiative.Three years ago, a historic agreement was reached by diplomats from multiple countries, including Canada, to forge a legally binding treaty to curb

Malian authorities have launched an extensive investigation into an alleged plot to destabilise the country, with the arrest of a French national and several high-ranking generals. The arrests come amidst mounting tension and accusations that foreign powers are attempting to undermine Mali’s stability. The government’s claims have drawn significant attention, as they allege involvement from foreign actors, raising concerns of escalating international interference in the country’s internal affairs.Authorities reported that the French national, whose identity remains undisclosed, was detained after

The Ghanaian government faces increasing pressure from the public to release detailed updates on the investigation into a helicopter crash that resulted in the deaths of several senior officials. The crash, which occurred in a remote area of the country, has left the nation grappling with grief and uncertainty, with many citizens demanding transparency from the authorities.Albert Kwabena Dwumfour, head of the Ghanaian Journalists Association, has been vocal in urging the army and other involved agencies to provide consistent and

The U. S. government is reportedly negotiating a potential stake in semiconductor giant Intel, as part of efforts to bolster the nation's chip manufacturing capabilities. According to sources familiar with the matter, the deal could be a significant move in Washington's ongoing strategy to strengthen domestic manufacturing of critical technologies, particularly semiconductors.Intel has been facing mounting challenges in the competitive semiconductor industry, with delays in its manufacturing projects, including the much-anticipated Ohio chip factory. The U. S. government’s interest in

South Africa’s government is moving forward with plans to launch a credit-guarantee vehicle in July 2026 to stimulate private investment in infrastructure projects. The initiative, aimed at overcoming the financing gap for large-scale infrastructure, will engage with lenders to fund a significant portion of the programme. The government’s objective is to encourage private companies to invest in the country’s critical infrastructure, which has long been underfunded, particularly in areas such as transportation, energy, and water.The vehicle will be structured to

US stocks experienced a notable decline on Thursday after a surge in wholesale inflation sent tremors through the market, putting an abrupt halt to a months-long rally that had propelled major indices to record highs. The Producer Price Index, a critical measure of wholesale inflation, posted its sharpest rise in three years, spooking investors and raising concerns about the resilience of the broader economy.The PPI climbed 0.7% in July, a jump that far exceeded economists' forecasts, prompting investors to reconsider

Nigeria’s push toward becoming a $1 trillion economy by 2030 is gaining momentum, driven by a growing tech ecosystem supported by both government initiatives and global tech giants. The country’s digital economy is set to play a central role in this ambitious vision, with significant emphasis on talent development and digital infrastructure.The inaugural edition of GITEX NIGERIA, scheduled for 1-4 September 2025 in Abuja and Lagos, is set to be a landmark event in West Africa’s tech and innovation landscape.

President Donald Trump has authorised Nvidia and AMD to resume limited sales of artificial intelligence chips to China, marking a significant shift in U. S. trade policy. The agreement allows the companies to sell specific AI chips in exchange for a 15% revenue share paid to the U. S. government. This move deviates from previous strategies aimed at restricting China's access to advanced semiconductors due to national security concerns.The deal includes Nvidia's H20 chip and AMD's MI308, both intentionally downgraded

A wave of infernos driven by soaring temperatures has engulfed southern Europe, prompting widespread evacuations, mounting fatalities and an unprecedented emergency response. Greece is enduring its fiercest wildfires as blazes near Patras and the islands of Chios and Zakynthos surge into homes, forests and industrial sites, under relentless heat and gusting winds. Nearly 5,000 firefighters and 33 aircraft have been mobilised to contain the flames, while multiple evacuation warnings remain active for towns housing up to 7,700 residents, and coastguards

A massive wildfire has forced thousands to flee their homes in Spain as a combination of intense heat and strong winds exacerbates the crisis. The fire, one of the most destructive in the country’s history, continues to rage across multiple regions, threatening lives, homes, and the environment.The wildfire, which ignited amid soaring temperatures that have gripped southern Europe, has spread rapidly due to the powerful winds sweeping across the country. Spain’s Emergency Services reported a significant increase in fire activity,

India’s diplomatic ties with the United States have been significantly shaped by the evolving political landscape under former President Donald Trump. According to a US academic, India has paid a steep price due to Trump's pursuit of a Nobel Peace Prize, which may have undermined its broader geopolitical interests.The scholar argues that Trump’s overtures to India during his tenure were often overshadowed by his personal ambitions rather than strategic concerns. As a result, India found itself balancing its long-standing relationships

Kevin Spacey is poised to receive a Lifetime Achievement Award at this year's prestigious film and television event, a recognition that comes after a series of legal and professional challenges that have marred his career. The actor, known for his roles in House of Cards and The Usual Suspects, is being honoured for his contributions to the entertainment industry. The announcement has sparked a mixed response, reflecting both his undeniable talents and the controversies surrounding him.Spacey's career trajectory has been