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AfricaBiz

Africa Business News

Libyan Arab Jamahiriya Tender and Business News

New UN Report Defines Roadmaps to Help Africa Transform Its Economy

A new report prepared by the UN Population Fund (UNFPA) says Africa can transform its society into one recognized as prosperous and productive. To accomplish that, however, it will have to find a way to harness the energy and inspiration of the 60% of the continent's population who is currently under 25 years.

Zambia Urged to Stay With The International Criminal Court

A group of African organizations and international NGOs with a presence in Africa are urging Zambia to reaffirm its membership in the International Criminal Court. They do so saying it is the best way to advance justice for victims of atrocities.

AfDB, Libya and MENA Launch Tamayoz Leadership Program

The African Development Bank (AfDB) is launching the new "Tamayoz - Libya Leading the Way" Leadership program, in partnership with Libya and the Middle East and North Africa (MENA) Transition programme. Tamayoz - meaning distinction and uniqueness in Arabic - is targeted to enhance leadership at the decision-making levels of the public sector, private sector, and civil society in Libya. Interested candidates can apply now.

Maghreb Countries' Investments in Renewables Drive Future Youth Employment

A new publication from the African Development Bank entitled "The Renewable Energy Sector and Youth (Un)Employment in the Maghreb", recommends that both energy-exporting countries in the Maghreb like Algeria and Libya as well as energy-importers Tunisia and Morocco, should keep pushing on renewable energy initiatives both as future planning and in support of youth employment.

McKinsey Study Shows African Growth Fragmented but Fundamentals Still Strong

McKinsey Global's (MGI) last full look at the African economy was six years ago, when almost all countries were experiencing accelerating growth. The pattern is more fragmented now, after oil price collapses (which did not affect all countries in the same way) and those most affected by the Arab Spring political upheavals. In spite of the slowing, a new report by MGI points to strong fundamentals that will keep Africa on a long-term growth trajectory.

Dire Warnings But Also Hope as IUCN Environmental Congress Opens

A congress billed as the world’s largest ever to focus on the environment has opened to warnings that our planet is at a “tipping point” but also with expressions of hope that governments, civil society and big business are learning to work together.

More Help Needed to Deal with Food Insecurity in the Wake of El Niño

United Nations leaders said today that much more needs to be done to prevent further suffering, strengthen resilience and preserve livelihoods in the wake of El Niño's devastating effects worldwide. Africa was the worst hit, with 40 million of the estimated 60 million affected globally residing in East and Southern Africa.

The Arab Spring: Five Years On

Five years ago the Arab world blew up, and the flames are still raging. What at first had been euphoria quickly turned to chaos. What cannot be denied, though, is that the uprisings were the spark of an epochal change.

RMB Reaches Nearly 40% Adoption Across Financial Institutions Worldwide

SWIFT data shows a double digit growth of RMB adoption by financial institutions established in all regions. In February 2016, 1,131 banks were using the RMB for payments with mainland China and Hong Kong, representing 37% of all institutions exchanging payments with mainland China and Hong Kong across all currencies.

A "Colombian Triangle" for Daesh in Libya?

Besieged by US, UK, French, Russian and Syrian war crafts and ground intelligence, both in Syria and Iraq, the Islamic State of Iraq and Levant (Daesh from its original acronym in Arabic) has reportedly been searching for a new base in the North of Africa, specifically in Libya, in what has been called the “Colombian Triangle.”

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