Global News

Explore global developments shaping Africa’s future. From international diplomacy to worldwide economic trends, Shore Africa connects global events to their impact on the continent.

Our Global News coverage highlights key international stories, policy shifts, and cross-border developments that influence Africa’s economies, industries, and people.

Latest Global News News
Tripoli Zoo reopens, offering Libyan families a rare escape
Africa Travel

Tripoli zoo reopens, offering Libyans rare escape from conflict

After nearly two decades behind closed gates, the Tripoli Zoo has reopened, giving families in Tripoli a place to gather again. For many, it is a small but meaningful break from years of conflict that reshaped daily life.  The return of visitors to one of the capital’s largest public spaces reflects a cautious sense of relief. Libya remains divided and under economic strain, but the reopening points to modest progress as authorities try to restore basic services and public venues. …

Oluwatosin Alao Oluwatosin Alao
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1,700 British tourists sue Tui over illness on Cape Verde trips
British tourists

British Travelers file suit against Tui over Cape Verde illness

Cape Verde, the West African archipelago known for its sun-drenched beaches and mild climate, has long been a favorite escape for British holidaymakers. For many, the islands’ turquoise waters, volcanic landscapes, and all-inclusive resorts offer a welcome break from rainy skies and chilly temperatures back home.  But the dream holiday has taken a darker turn for some. Nearly 1,700 British tourists are now suing travel giant Tui, alleging they became seriously ill while on package holidays to the islands. The…

Oluwatosin Alao Oluwatosin Alao
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Lowe’s $250 million skilled trades initiative
Featured

Lowe’s led by Black exec. Marvin Ellison plans $250 million investment to train 250,000 tradespeople

Lowe’s CEO Marvin Ellison expands foundation pledge to $250 million to train 250,000 U.S. skilled trades workers by 2035.

Feyisayo Ajayi Feyisayo Ajayi
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Aboubakri Diaw, ECA chief of staff, calls Africa’s current health funding model “damaging.”
AfCFTA

ECA launches plan to boost sustainable funding for Africa’s health systems

Africa’s health systems are facing renewed pressure as governments struggle to balance rising costs with limited public funds. For many families, the strain is personal — healthcare bills are still largely paid out of pocket, often pushing households deeper into poverty.  At the same time, policymakers are under growing pressure to deliver better services with tighter budgets. Health spending remains below expectations in many countries, even as populations expand and demand for care rises.  Against this backdrop, the UN Economic…

Oluwatosin Alao Oluwatosin Alao
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Mozambique clears $701 million IMF debt as African nations cut borrowing
debt repayment

Mozambique clears IMF debt as African nations cut foreign borrowing

Mozambique has fully repaid its $701 million debt to the International Monetary Fund, a rare move among African economies working to ease pressure from external borrowing and tighten public finances.  The payment, disclosed in a research note by Standard Bank, clears Mozambique’s balance with the Washington-based lender and brings an end to its outstanding obligations. It also led to the cancellation of an IMF mission planned for August, a sign that relations with the Fund are entering a quieter phase. …

Oluwatosin Alao Oluwatosin Alao
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Senegal raises $537 million in bond sale, strong demand eases debt concerns
African markets

Senegal raises $537 million in bond sale, signaling strong investor demand

Senegal raised 304.15 billion CFA francs ($537.6 million) in its first sovereign bond sale of 2026, beating its target by a wide margin and pointing to steady demand for African debt. The result gives the government short-term breathing room as it faces tighter conditions in global markets.  The sale drew strong interest from both institutional and retail investors, coming in more than 50 percent above the initial goal of 200 billion CFA francs. Officials say the outcome reflects continued confidence…

Oluwatosin Alao Oluwatosin Alao
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Richest Arab families 2026
Arab business dynasties

5 richest Arab families in 2026 ranked by net worth

Five richest Arab families in 2026 leverage energy, real estate, and telecoms to build multibillion-dollar empires and global influence.

Feyisayo Ajayi Feyisayo Ajayi
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Egypt’s Waterway plans a $190 million real estate fund as demand rises
Africa property market

Waterway to launch $190 million real estate fund targeting Africa growth

Egypt’s property market is drawing renewed investor interest as developers look for steady income in a volatile economy. The Waterway Developments is preparing to launch a $190 million real estate fund, adding to a growing pool of structured investment vehicles across Africa.  The Cairo-based firm plans to roll out the fund in the first half of 2026, at a time when demand for residential and commercial space remains firm despite cost pressures. Foreign buyers, particularly from the Gulf, have continued…

Oluwatosin Alao Oluwatosin Alao
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IFC Banco Industrial $850 million financing
Featured

IFC backs Banco Industrial with $850 million to boost Guatemala’s banking sector

IFC plans $850 million financing for Banco Industrial to strengthen Guatemala’s banking sector and deepen capital markets.

Feyisayo Ajayi Feyisayo Ajayi
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