In the Kanem province of Chad, the ancient oases that have sustained life for millennia are facing a severe threat from climate change. As one of the world’s hottest countries, Chad is experiencing temperatures that are rising nearly twice the global average. This intensifying heat, coupled with powerful winds, is pushing massive sand dunes ever closer to vital water sources such as the Kaou oasis. These rolling sands threaten to engulf the remaining palm trees and vegetable gardens that hundreds of families depend on for survival. In a determined effort to preserve their land, local communities, with initial support from NGOs,…
Author: Montage Africa
World leaders at the G20 summit in South Africa adopted a 122-point declaration on global challenges despite the United States’ absence, highlighting the resolve of the first African G20 presidency to assert its influence. South African President Cyril Ramaphosa emphasized the importance of multilateral cooperation, while French President Emmanuel Macron and British Prime Minister Keir Starmer warned that global crises require renewed international collaboration. The declaration called for urgent action on climate change, scaling investment from billions to trillions, reforming international financial systems to aid low-income countries, and promoting lasting peace in conflict zones, including Ukraine, Sudan, and the DRC. Meanwhile, tensions…
The Institute of Sovereign Investors, the International Chamber of Commerce (ICC), and Africa Investor (Ai) today launched a new Global Fiduciary Efficiency and Cost of Capital Framework at the G20, revealing substantial investment losses arising from legacy emerging-market risk-measurement systems. The analysis shows that the 20-year divergence between emerging-market fundamentals and market-implied risk premia — driven by outdated risk-measurement practices rather than changes in fundamentals — has generated USD 4–6 trillion in cumulative lost return opportunities for global pension funds, insurers and sovereign portfolios, equivalent to 30–90 bps of annualised performance drag for universal owners. It further estimates that emerging…
French President Emmanuel Macron has continued his African tour with a significant visit to Gabon, marking his first engagement with the nation’s new leader, General Brice Oligui Nguema. The trip signals a French effort to revitalize its relationship with the continent and move beyond its colonial legacy. During the meeting, President Oligui Nguema expressed sincere gratitude for France’s support during Gabon’s recent political transition and elections. In response, Macron emphasized a desire to build a new, cooperative model for partnership. He stated that Africa should no longer be a continent solely for resource extraction, advocating instead for “win-win” economic and environmental…
Ghana has scored a major economic win as the United States lifted the 15% tariff on its cocoa and a wide range of agricultural exports. The reversal, confirmed by Ghana’s Foreign Minister Samuel Okudzeto Ablakwa, is set to boost revenue by around US$60 million annually, benefiting cocoa, cashew, avocado, mango, and other key crops. The decision follows months of closer diplomatic engagement, including Ghana’s cooperation with US immigration policies and the lifting of prior visa restrictions. Analysts see the tariff rollback as reflecting a recalibrated US–Ghana relationship, providing Accra both economic relief and strategic leverage. For Ghanaian farmers and exporters, the move…
Mali’s opposition accuses military junta of failing to protect the country amid a long-running shortage of fuel. For the last two months, Mali’s capital, Bamako, has face a growing shortage of petroleum products. Now the country’s opposition is urging the population to “open their eyes” to a regime that “seizes the nation” without protecting it. The al-Qaeda affiliated Support Group for Islam and Muslims, or JNIM, has orchestrated the shortage by blocking the country’s fuel supply routes, even going so far as to set fire to fuel tankers transporting petrol. The situation is having social and economic repercussions, prompting the…
By Rédaction Africanews and AP Excavators searching for the remains of Israeli hostages kidnapped by Hamas returned empty handed on Sunday, after a full day of searching for the last remaining bodies. Egypt has deployed excavation experts and equipment to assist in the recovery mission, but progress has been slow. Members of the International Committee Of the Red Cross accompanied the crews as they searched through rubble on the eastern outskirts of Gaza City. Hamas has so far returned the remains of 25 hostages but three are still unaccounted for. Under the terms of the US-brokered ceasefire that took effect…
Ghana has emerged from its worst economic crisis in a generation and is positioned for sustained growth, Finance Minister Cassiel Ato Forson announced Thursday, declaring the nation “back, strong, credible, and open for business” during his 2026 budget presentation to parliament. The government projects real GDP growth of at least 4.8% in 2026, backed by stringent fiscal reforms that aim to achieve a 4.0% fiscal deficit and 1.5% primary surplus. “We have restored fiscal discipline, brought inflation under control, stabilized the cedi, and rekindled investor confidence,” Forson stated, outlining a path of sustained economic recovery after Ghana’s severe financial turmoil.…
By Africanews with AP Officials from the UN refugee agency, World Health Organization and UNMAS (United Nations Mine Action Service) on Friday delivered stark warnings over the deteriorating situation in Sudan. The military and the rival paramilitary Rapid Support Forces, or RSF, went to war in 2023, when tensions erupted between them. The army and RSF are former allies that were supposed to oversee a democratic transition after a 2019 uprising. The fighting has killed at least 40,000 people, according to the World Health Organization, and displaced 12 million others. However, aid groups say the true death toll could be…
By Africanews with AP Winter’s first strong rainfall sent water cascading through parts of Gaza’s sprawling Muwasi tent camp on Saturday, as the territory struggles to cope with flooding and devastated infrastructure after two years of war. Residents attempted to dig trenches to keep the water from flooding their tents, as intermittent rain that began on Friday dripped through tears in tarpaulins and makeshift shelters. The bursts soaked families’ scant belongings. Strong winds can also topple tents and hamper attempts to gather scarce food and supplies. Two weeks ago, Bassil Naggar bought a new tent on the black market for…