The Africa Finance Corporation (AFC) plans to invest over $3 billion in infrastructure projects across the continent, focusing on key industries and supporting the AfCFTA. Established in 2007, AFC aims to drive development in Africa by leveraging the continent’s resources, including critical battery minerals for renewable energy. CEO Samaila Zubairu highlighted priority projects like a major railway linking Zambian mines to Angola’s Lobito port, aiming to boost industrialization, tackle poverty, and create jobs while positioning Africa as a leader in green logistics and sustainable development.
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Lesotho factory that made Trump shirts hard hit by US tariffs
A garment factory in Lesotho faces potential shutdown due to a 50% tariff imposed by the US, which has already led to reduced working hours and pay for employees like Aletta Seleso, who struggles to support her family. The textile industry, the country's largest employer, has seen job losses, raising concerns over economic stability as the government seeks solutions to the tariff crisis. Want More Context? 🔎
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