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A $200 million project in Malawi, one of the world’s poorest countries, is testing a radically simple approach to aid: giving about $700 directly to as many as 230,000 adults and letting them decide how best to spend it.
The hope is that recipients will use the money to start businesses, invest in farms and generate economic activity, providing evidence that direct cas...
Zambia had been the shining light for democracy in sub-Saharan Africa, but president Hichilema's recent reelection has been tainted by accusations of irregularities, the killing of a former minister and what the UN has called arbitrary arrests.
On this week’s Episode, Bloomberg’s Matthew Hill who’s been on the ground in Zambia explains how the election became so contr...
As the Iran War broke out and the Strait of Hormuz closed, fuel prices surged and supplies became disrupted. The African countries that thought they had supply deals in place found deliveries being cancelled. But the world’s largest oil trader turned the Hormuz crisis to its advantage. Vitol was able to strike exclusive deals to become a dominant supplier of fuel to at least ...
The Ebola outbreak in the Democratic Republic of Congo has become the country’s worst ever, with more than 2,000 confirmed deaths and a fatality rate of more than 46%. The World Health Organization says it's the fastest-growing Ebola outbreak on record, and has warned that contact tracing isn't keeping up with the number of cases.
On this week’s Next Africa podcast, Bl...
South Africa's Public Investment Corp., the $220 billion manager of civil servants' pensions and a major shareholder in many of the country's biggest companies, has lurched from one crisis to another. Its chief executive was suspended before a court ordered his reinstatement, while the chairman — who also served as deputy finance minister — resigned amid the fallout.
O...