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TodayMonday, April 27, 2026

African Union

By 2000, Africa had no dollar billionaires. The continent now has 23. But what is more shocking, however, is that just four individuals now own more wealth than 750 million Africans combined.
By 2000, Africa had no dollar billionaires. The continent now has 23. But what is more shocking, however, is that just four individuals now own more wealth than 750 million Africans combined.

Africa’s Inequality Crisis: A Few are Growing Richer Amid a Rising Army of Poor People

It’s just after sunrise in the hills of Kapchorwa, eastern Uganda. A smallholder farmer, barefoot and bent over with age, tends to her coffee shrubs. She’s been growing the crop for over
July 13, 2025
A photo collage of Rwanda President, Paul Kagame (R) and the newly appointed Rwanda Development CEO, Jean-Guy Afrika.

President Kagame appoints Jean-Guy Afrika as new CEO of Rwanda Development Board

Rwandan President Paul Kagame has tapped Jean-Guy Afrika, a fellow Rwandan seasoned economist who spent over a decade at the African Development Bank, to lead the Rwanda Development Board (RDB) as the
January 13, 2025
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A photo collage of Umeme Managing Director, Selestino Babungi, Energy PS, Irene Batebe and Energy Minister, Ruth Nankabirwa. The three will play a pivotal role in the transfer of assets from Umeme to UEDCL.

ANALYSIS: How will Uganda’s energy sector fare after Umeme’s exit? 

The handover of Umeme licenses for the sale and distribution of electricity to Uganda Electricity Distribution Company Limited (UEDCL) has put the country’s energy sector into sharp focus, especially with power resources
December 31, 2024
The African Union logo is seen outside the AU headquarters building in Addis Ababa, Ethiopia, November 8, 2021. REUTERS/Tiksa Negeri

A Credit Rating Agency for Africa to Rival Moody’s and Fitch, Set to be Launched in 2025.

A new credit ratings company tailored to Africa’s sovereign borrowers is set to launch next year, according to Albert Muchanga, the African Union’s commissioner for development, trade, tourism, industry, and minerals. This
July 22, 2024
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An African Union illustrating a better future for Africa. To achieve this, the author says, Africa must rely less on imported solutions and look more to home-grown answers.

Standard Bank’s Sola Adegbesan⏤ Why Africa needs homegrown financing solutions to its local challenges

Africa, the second-largest continent and home to 1 billion people has long captured the imagination of the world. Today, different thinkers, and political and business leaders are preoccupied with a single question
September 6, 2023
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Dr Rashid Mbaziira, brings to AMCOW two decades of experience— 15 years of which have been in providing policy development leadership in the water and sanitation sector on the African continent. PHOTO/Courtesy

Q&A: Dr Rashid Mbaziira, the new African Union water boss on why access to water for all is central to the continent’s Agenda 2063

Congratulations Dr Mbaziira upon your appointment to head, AMCOW. For starters and in summary, what is AMCOW and what is its mandate? The African Ministers’ Council on Water (AMCOW) is a Delivery
October 28, 2021
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Dr Rashid Mbaziira, brings to AMCOW two decades of experience— 15 years of which have been in providing policy development leadership in the water and sanitation sector on the African continent. PHOTO/Courtesy

Dr Rashid Mbaziira, a Ugandan, appointed new Executive Secretary for the African Ministers Council on Water

The African Ministers Council on Water (AMCOW) has announced the appointment of Dr Rashid Mbaziira – a Ugandan national – as its Executive Secretary. The announcement came at the end of an
October 25, 2021
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