economy

economy

African Remittance Startups Surge as Inflows Hit Record $56B in 2024

African Remittance Startups Surge as Inflows Hit Record $56B in 2024

Africa-Press - Lesotho. Startups facilitating money transfers for Africans abroad are quickly growing their operations as remittances to sub-Saharan Africa reach unprecedented levels. Earlier this...
African Leaders Pledge to Advance Clean Cooking Solutions for Africa at Milestone Energy Summit

African Leaders Pledge to Advance Clean Cooking Solutions for Africa at Milestone Energy Summit

Africa-Press - Lesotho. African countries have taken bold commitments to implement clean cooking energy solutions to offset the devastating effects of open fire cooking...
Russia says BRICS not discussing common currency

Russia says BRICS not discussing common currency

Africa-Press - Lesotho. The BRICS countries are not discussing the creation of a common currency, Kremlin spokesman Dmitry Peskov said on Friday. "There are no...
UN Deputy Chief Mohammed Outlines Path for Africa’S Clean Energy Transformation

UN Deputy Chief Mohammed Outlines Path for Africa’S Clean Energy Transformation

Africa-Press - Lesotho. United Nations Deputy Secretary-General Amina Mohammed highlighted on Tuesday the critical need for collaborative and urgent action to achieve the ambitious...
AfDB’s head sees regional refinancing facility operational soon

AfDB’s head sees regional refinancing facility operational soon

Africa-Press - Lesotho. The African Development Bank’s regional refinancing facility for hard-pressed African nations with maturing international bonds will be activated soon, the AfDB’s...
Plan to get electricity to more Africans wins $8 billion in new pledges

Plan to get electricity to more Africans wins $8 billion in new pledges

Africa-Press - Lesotho. An initiative to connect 300 million Africans to electricity in the next six years has won new pledges worth more than...
Global air travel surpasses pre-pandemic levels in 2024

Global air travel surpasses pre-pandemic levels in 2024

Africa-Press - Lesotho. Thanks to a 10.4% year-on-year surge, global passenger demand exceeded pre-pandemic levels by 3.8% in 2024, according to the International Air...
Mission 300 Summit: Lighting Up Africa

Mission 300 Summit: Lighting Up Africa

Africa-Press - Lesotho. At the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, global and African leaders reaffirmed their commitment to expanding...
AIIB and IsDB pledge around $6 billion for Africa electrification push

AIIB and IsDB pledge around $6 billion for Africa electrification push

Africa-Press - Lesotho. The Islamic Development Bank and the Asian Infrastructure Investment Bank pledged up to $6.15 billion in funding on Tuesday for an...
Global EV sales projected to surge in 2025 amid legislative shifts

Global EV sales projected to surge in 2025 amid legislative shifts

Africa-Press - Lesotho. The global electric vehicle (EV) market is set for another year of robust growth this year, with sales expected to exceed...