AFRICANGLOBE - Since 1980, developing countries lost $16.3 trillion in their net resource transfers with the rest of the world, money that could have been used to reduce poverty and inequality and boost poor countries’ economies. The figure shows how poor countries have acted as the world’s creditors, with tax havens providing an avenue for the system that supports the world’s rich at the expense of everyone else.
AFRICANGLOBE - Slowly but surely, albeit very late in the game, Black folks are learning that economic empowerment is the key to our progress and prosperity in this nation. Decades of instructions from wise elders, scholars, and activists seem to be taking hold on the minds of young people, despite the tired messages coming from some of our current leaders.
AFRICANGLOBE - The Ethiopian and Egyptian leaders have met for the first time to discuss tensions over Ethiopia's construction of a huge hydropower dam on the river Nile but the meeting ended without any agreement, sources said.
International Lease Finance Corporation (ILFC), a wholly owned subsidiary of American International Group, Inc. (NYSE: AIG), announced today that Ethiopian Airlines, one of the...
Impact investing, which includes making investments to generate social and economic benefits beyond a financial return, has reached an annual total of $3.2 billion in West Africa.
AFRICANGLOBE - The central idea of Ma’at lay at the foundation of Kemet’s (Ancient Egypt) view of the world. The Pharaoh as the guarantor of state sovereignty and power was entrusted to maintain and enforce Ma’at. What is Ma’at and how can its ascension to a central role in modern African strategic geopolitical thinking play a role in returning Africa to its traditional powerful role in global power politics?
AFRICANGLOBE - Belgium's gay Prime Minister Elio Di Rupo told African leaders to respect the rights of minorities, including homosexuals. It was intolerable that people were "persecuted for their origins, their sexual orientation, their religion and their convictions", he said.
AFRICANGLOBE - Some, like the Huber family, have survived for six generations, dating back to the 1800s. Each of these clans is worth at least $1.2 billion. Collectively, they’re worth $1.3 trillion. Thirty-three newcomers join the ranks, including the Sackler family, whose company makes pain drug OxyContin; the Greenberg family behind Skechers shoes, and the Trincheros, owners of the fourth largest U.S. wine company.
A new transport corridor through northern Kenya would make many happy: South Sudan wants access to the Indian Ocean and the Nairobi government wants...
AFRICANGLOBE - To start, male officers, white officers, those working in larger cities and those who are military veterans are more likely than female officers, racial and ethnic minorities, those in smaller communities and non-veterans to fire their service weapon while on duty.
AFRICANGLOBE - Malawian president and SADC chairperson Mrs Joyce Banda has called on Western nations to review the illegal sanctions they imposed on Zimbabwe after the country held free, fair and credible harmonised elections.
In one of the many rooms where detainees are held at Ganfouda detention centre in Libya's second largest city, Benghazi, Suleiman Mansour*, a young...