Monday, November 10, 2025
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“Correct the Map” campaign aims to redefine Africa’s global representation

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A groundbreaking campaign, “Correct the Map,” has been launched by Africa No Filter and Speak Up Africa to challenge the long-standing misrepresentation of Africa on world maps. The initiative seeks to correct the distorted view of Africa’s size and significance, which has been perpetuated by the widely used Mercator map projection.

The Mercator projection, created in the 16th century for maritime navigation, artificially enlarges regions near the poles while shrinking those near the equator, such as Africa. This distortion makes Africa appear much smaller than it actually is, often depicted as similar in size to Greenland, despite being 14 times larger. This misrepresentation has profound implications for how Africa is perceived globally, influencing decisions in education, policy-making, and economic development.

The “Correct the Map” campaign calls on international organizations, including the UN, World Bank, and BBC, to adopt more accurate map projections like the Equal Earth map. This initiative invites institutions, educators, and media platforms to pledge their commitment to using maps that depict Africa’s true size through a global petition and campaign charter.

Moky Makura, Executive Director of Africa No Filter, emphasized that Africa’s misrepresentation is not just a cartographic error but a narrative issue. “By reducing the size of Africa, we are subconsciously downplaying its importance,” she said.

Yacine Djibo, Founder and Executive Director of Speak Up Africa, added, “Decisions about Africa—economic, political, and developmental—are being made using a false reference point. We need the world to see Africa as it truly is.”

The campaign argues that the world cannot afford to continue making decisions based on a 400-year-old distortion. By adopting more accurate map projections, the initiative aims to promote a more balanced understanding of Africa’s role in the world.

As the campaign gains momentum, it is expected to influence not only how maps are used but also how Africa is perceived and valued in global discussions. The success of this initiative will depend on widespread support from institutions and individuals committed to a more accurate representation of the world.

Global Economy under pressure: Growth expected to slow to 2.3% in 2025

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The global economy is facing mounting pressures and uncertainty that are expected to slow growth to just 2.3 percent in 2025, according to the latest report by the United Nations Conference on Trade and Development (UNCTAD). This forecast marks a significant deceleration and signals a shift toward a recessionary phase, with subdued demand, trade policy shocks, and financial turbulence weighing heavily on economic prospects worldwide.

Despite a somewhat stronger-than-expected growth rate of 2.8 percent in 2024, the outlook for 2025 is clouded by unprecedented levels of policy uncertainty—the highest recorded this century. The combination of geopolitical tensions, tightening macrofinancial conditions, and trade disruptions is creating a fragile environment, particularly for developing countries.

The report highlights that the uptick in global trade seen in late 2024 and early 2025 was largely driven by front-loaded orders, a momentum expected to fade or even reverse as new tariffs come into effect. Trade policy uncertainty is already impacting business confidence and long-term planning, with many firms delaying investments amid fears of further disruptions.

Capital flows to developing countries remain volatile, with investor caution intensified by tight financial conditions and systemic risks. This volatility threatens to undermine progress toward the Sustainable Development Goals, as fiscal priorities in major economies shift away from social spending toward defense budgets, and official development assistance declines.

While some regions such as Sub-Saharan Africa are projected to maintain moderate growth—around 3.6 percent in 2025—many low-income countries face a convergence of risks including heavy debt burdens and weakening domestic demand. The report warns that continued geoeconomic confrontations could trigger a “perfect storm” for poorer nations, exacerbating vulnerabilities and slowing development.

Commodity markets are not immune to the uncertainty, with fluctuating prices adding further pressure on economies reliant on exports of raw materials. Meanwhile, the expansion of commercial services has remained relatively firm, offering a modest buffer against the downturn in merchandise trade.

UNCTAD urges policymakers to avoid economic fragmentation and instead strengthen regional and international cooperation to build resilience. Coordinated policy responses, investment in sustainable development, and support for South-South trade partnerships are seen as critical to mitigating the risks posed by the current global environment.

The report underscores the need for decisive action to navigate the complex challenges ahead, emphasizing that without concerted efforts, the global economy risks slipping into a prolonged period of subdued growth and heightened instability.

Africa CEO Forum 2025: Can a New Deal Between State and Private Sector Deliver the Continent a Winning Hand?

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As the global economy contends with rising protectionism, shrinking development aid, and mounting debt costs, African leaders and business executives are gathering in Abidjan for the 12th Africa CEO Forum on May 12-13, 2025. The summit, organized by Jeune Afrique Media Group and co-hosted by the International Finance Corporation (IFC), brings together 2,000 high-level participants—including over 900 CEOs, heads of state, and global investors—to chart a path for Africa’s economic future under the theme: “Can a New Deal Between State and Private Sector Deliver the Continent a Winning Hand?”

This year’s forum unfolds against a backdrop of economic headwinds. Many African countries are grappling with reduced external support and high debt-servicing burdens, while global trade is increasingly shaped by protectionist policies. Yet, amid these challenges, the continent is also witnessing new opportunities: South-South trade and investment are on the rise, and the African Continental Free Trade Area (AfCFTA) is beginning to reshape intra-African commerce.

Amir Ben Yahmed, President of the Africa CEO Forum, emphasized the urgency of the moment “The current transactional environment gives Africa the ultimate incentive to remove the barriers still holding back its private sector, as no other alternative can match its adaptive speed, innovative capacity, and strategic agility. This is the core mission of the Africa CEO Forum, and we will continue to champion this vision together.”

The 2025 forum centers its agenda on three pillars: enhancing governance, refining public policies, and accelerating the AfCFTA. Participants will explore how improved governance and accountability can foster a more business-friendly environment, ensuring transparency and effective decision-making. Strategic policy reforms are needed to address Africa’s structural challenges—such as promoting value-added industries, industrialization, and leveraging the continent’s energy and labor potential.

Accelerating AfCFTA implementation is seen as critical for unlocking intra-African trade, improving infrastructure, and positioning Africa as a more influential global economic player. Workshops and debates will tackle topics including AI-powered governance, the future of African energy, supply chain resilience, and the evolving role of local financing as development aid diminishes.

A major highlight of this year’s edition is “The Great Debate”—the first-ever head-to-head session featuring all five official candidates for the presidency of the African Development Bank (AfDB). Moderated by Nicholas Norbrook, Managing Editor of The Africa Report, the debate will see Amadou Hott, Sidi Ould Tah, Swazi Tshabalala, Mahamat Abbas Tolli, and Samuel Maimbo present their visions for the Bank’s future and Africa’s economic development. Their plans for industrialization, climate-aligned infrastructure, and private capital mobilization will be closely watched as the continent seeks dynamic leadership in a pivotal period.

Makhtar Diop, IFC’s Managing Director, underscored the importance of public-private collaboration “By advancing locally driven solutions and enhancing their investment readiness, we are working with Africa’s private sector leaders to pioneer new and sustainable models of progress.”

The Africa CEO Forum is widely recognized as the continent’s leading platform for dialogue between the public and private sectors. This year’s event will welcome a distinguished roster of attendees, including President Alassane Ouattara of Côte d’Ivoire, President Bassirou Diomaye Faye of Senegal, President John Dramani Mahama of Ghana, President Taye Atske-Selassie of Ethiopia, and President Cyril Ramaphosa of South Africa, alongside prime ministers, ministers, and CEOs from leading African and international companies.

Bankers criticize lack of transparency in NBE’s Forex auctions

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Bankers are expressing frustration over the lack of transparency in the foreign exchange (forex) auctions regularly conducted by the National Bank of Ethiopia (NBE).

They argue that the procedures and results of these auctions are not clearly disclosed, leaving them uninformed.

“We were only informed verbally that our bid was unsuccessful and were instructed to collect the funds we offered to buy forex,” an anonymous banker told Capital.

An international banking and development (IBD) expert at a private bank explained that while his bank submits its bid rate via email, as directed by the NBE, the bidding process itself remains unclear.

“We have no information about how the bidding works,” he complained.

“We do not even know who opens our emails or whether our bid details are shared with others.”

Another banker shared that his bank was disqualified because its offer was below the average rate, while a different IBD expert revealed that his bank’s bid was rejected for being slightly above the average rate in the third auction held on April 1.

Bankers have also criticized the NBE’s method of announcing auction results, arguing that it lacks sufficient detail.

“For example, after the April 1 auction, the NBE only disclosed the average rate and the number of banks that secured forex,” one expert noted. “The announcement did not include the total number of participating banks or a comprehensive list of winners and losers.”

They urged the central bank to conduct the auctions more transparently, with clear disclosures on all outcomes.

The NBE has been conducting forex auctions since last July as part of broader economic reforms. The latest auction, held on April 17, was the fourth of its kind and the second under the new biweekly system.

In this round, the NBE offered USD 70 million, with 26 banks securing allocations at an average rate of 131.495 birr per dollar—a slight decrease of 21 cents compared to the previous auction.

Two weeks earlier, the third auction saw USD 50 million distributed among 12 banks at a weighted average rate of 131.71 birr per dollar.

Since the NBE introduced these auctions—alongside other measures, such as forex disbursement for clients at the Commercial Bank of Ethiopia—exchange rate speculation has significantly declined.

According to sector experts, the parallel market has also experienced a sharp drop, indicating growing stability in Ethiopia’s forex market.

However, bankers continue to call for greater transparency to ensure fairness and confidence in the auction system.