The African Union Commission (AUC) and the African Tax Administration Forum (ATAF) are moving to deepen cooperation on tax policy and administration This comes as African countries seek to strengthen domestic revenue mobilisation and reduce leakages from cross-border tax activities. The two institutions reaffirmed their commitment during a meeting between an ATAF delegation led by …
Sri Lanka’s Supreme Court has overturned a presidential pardon granted to hardline Buddhist monk Galagodaatte Gnanasara and ordered him to serve the remainder of his six-year prison sentence. Gnanasara was convicted in 2018 for contempt of court and intimidating Sanya Eknaligoda, the wife of missing political cartoonist Prageeth Eknaligoda. The monk had disrupted a court …
President of the African School of Governance (ASG), Prof. Kingsley Moghalu, has cautioned African leaders against mistaking symbolic victories for genuine development, saying that correcting Africa’s distorted representation on world maps will neither build infrastructure nor drive economic prosperity. Moghalu stated this while reacting to the United Nations General Assembly’s overwhelming vote backing efforts to …
Chief justices from across Africa have agreed to strengthen alternative dispute resolution (ADR) mechanisms to support the effective implementation of the African Continental Free Trade Area (AfCFTA). The commitment was made during the 3rd Africa Chief Justices' ADR Summit held in Nairobi, Kenya, from June 18 to 19. In a statement issued in Abuja on …
A South African court on Friday ordered a temporary suspension of impeachment proceedings against President Cyril Ramaphosa over the controversial discovery of a large sum of foreign currency hidden at his Phala Phala game farm. The Western Cape High Court granted Ramaphosa's application to halt the parliamentary process while it considers his request to review …
The Africa Social Impact Summit (ASIS) has mobilised more than $1 billion in funding for sustainable development projects across Africa, with organisers now projecting an additional $500 million in investment commitments at its upcoming 2026 edition. The announcement was made in Abuja by the Chief Executive Officer of Sterling One Foundation, Olapeju Ibekwe, during a …
African startups attracted $1.4 billion in venture capital funding in the first quarter of 2026 despite a sharp decline in deal activity. The surge came despite investors concentrating their bets on a smaller number of established companies, according to a new report by the African Private Capital Association (AVCA) released on Tuesday. The report, Venture Capital …
Across Africa, water is no longer just an environmental concern but has become a hard economic constraint with measurable consequences for growth, productivity, and human development. New consolidated estimates from the United Nations, the African Union, the World Bank, and the UN Economic Commission for Africa show that achieving universal access to safe drinking water …
Banks must go beyond traditional lending products and provide more flexible, structured trade solutions if African businesses are to take advantage of growing cross-border trade opportunities, a Corporate Banking Director at Absa Bank Tanzania, Nellyana Mmanyi, has said. Mmanyi made the call in a statement on Wednesday made available to Pinnacle Daily. She stated that …
Stakeholders in Nigeria’s maritime sector say the Middle East crisis may disrupt cargo movement into Nigerian ports. They also warn that prolonged conflict could raise shipping costs and worsen inflation across Nigeria and West Africa. Industry operators say the crisis already affects global shipping routes. Chairman of the Shipping Association of Nigeria, Boma Alabi, said …
