Africa News
LAST UPDATE: May 26, 2025
African Development Bank to pick new head to confront U.S. funding cuts
The African Development Bank (AfDB) is set to elect a new president amid significant financial pressures due to proposed U.S. funding cuts totaling $555 million.
Insight
The impending leadership change at AfDB comes at a critical juncture, with the institution facing reduced contributions from the U.S., its largest non-African donor. The new president will need to navigate these financial challenges by seeking alternative funding sources, such as increased contributions from other nations or African member states. This situation underscores the shifting dynamics of global development finance and the need for AfDB to adapt its strategies to maintain its pivotal role in Africa’s development.
Meet the people vying to lead Africa’s top development bank
Five candidates are competing for the presidency of the AfDB, each bringing unique visions to address Africa’s development challenges amid tightening global finance.
Insight
The diverse backgrounds of the candidates reflect a range of priorities, from internal restructuring and innovation to enhancing financial self-reliance and regional integration. Their varied approaches highlight the multifaceted nature of Africa’s development needs and the importance of strategic leadership in steering AfDB’s future direction. The election outcome will significantly influence the bank’s ability to respond to the continent’s evolving economic landscape.
South Africa Invites Trump to Explore Business Opportunities
President Cyril Ramaphosa has invited U.S. President Donald Trump to send officials to South Africa to explore investment and trade opportunities.
Insight
This invitation signifies South Africa’s intent to strengthen economic ties with the U.S. amid strained relations over policy disagreements. By engaging directly with the U.S. administration, South Africa aims to attract investment and bolster trade, potentially mitigating the impact of recent aid reductions. The move also reflects a strategic effort to align with global economic shifts and leverage opportunities for national growth.
Halfway through term, economic, security turnaround eludes Nigeria’s Tinubu
Midway through his term, President Bola Tinubu faces ongoing economic and security challenges, with limited progress in reversing Nigeria’s downturn.
Insight
Despite initial promises of reform, Tinubu’s administration has struggled to deliver tangible improvements in economic stability and security. Persistent issues such as inflation, unemployment, and insurgency continue to hinder development. The lack of significant progress raises concerns about governance effectiveness and the need for more robust policy interventions to address Nigeria’s complex challenges.
Uganda’s military says it has severed ties with Germany over ‘subversive activities’ by ambassador
Uganda’s military has suspended all defense cooperation with Germany, accusing the German ambassador of engaging in subversive activities.
Insight
This abrupt cessation of military ties indicates a significant diplomatic rift between Uganda and Germany. The allegations against the ambassador suggest deep-seated tensions and mistrust, potentially affecting broader bilateral relations. The incident underscores the fragility of international partnerships and the importance of diplomatic engagement in resolving conflicts and maintaining cooperative agreements.
