About 80% of projects administered by the US Agency for International Development were cancelled. <\/p>\n
That caused real harm in places like eastern Congo, where clinics assisting victims of sexual violence closed. <\/p>\n
Funding for an American anti-HIV\/Aids programme was drastically curtailed, despite saving millions of lives for relatively little expense to American taxpayers.<\/p>\n
Despite the cuts, sub-Saharan Africa\u2019s economy as a whole grew by 4.1% in 2025. The continent is projected to beat the global average this year with growth of 4.3%.<\/p>\n
Growth was driven partly by a global rise in minerals prices, especially those critical to the green economy like lithium, cobalt and copper. <\/p>\n
The continent has been rich in natural resources for centuries. Many African governments have made changes.<\/p>\n
Some countries, including Uganda, Kenya, Rwanda and Nigeria, have made revenue collection more efficient through digitisation. <\/p>\n
Kenya, Nigeria, Angola and Ethiopia began removing fuel subsidies to free up money to cover the financial gap, although higher oil prices as a result of the Iran war have temporarily stalled the effort.<\/p>\n
Previously sluggish efforts to integrate African economies have accelerated. <\/p>\n
Foreign aid is no longer the continent\u2019s main source of capital. It\u2019s foreign investment and remittances from Africans working abroad. <\/p>\n
Africa has deepened ties with alternative global partners \u2013 China and the Gulf Arab states. They are focused on building infrastructure and strengthening trade ties.<\/p>\n
In February US President Donald Trump signed a one-year extension of the Africa Growth and Opportunity Act, which gave duty-free access to US markets for qualifying countries. He wants changes to the programme to open African markets to US goods through bilateral trade deals.<\/p>\n
Sign up to Herald Premium Editor\u2019s Picks<\/a>, delivered straight to your inbox every Friday. Editor-in-Chief Murray Kirkness picks the week\u2019s best features, interviews and investigations. Sign up for Herald Premium here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"About 80% of projects administered by the US Agency for International Development were cancelled. That caused real harm…\n","protected":false},"author":2,"featured_media":364544,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[75339,190,1884,56022,138,25346,191658,537,10666,127,32245,219,738,83475,221,685,120,111,139,69,191659,28160,31906,203,8603,61,2179,379],"class_list":{"0":"post-364543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-administrations","9":"tag-africa","10":"tag-aid","11":"tag-apocalyptic","12":"tag-business","13":"tag-cause","14":"tag-continentwide","15":"tag-crisis","16":"tag-cuts","17":"tag-despite","18":"tag-economies","19":"tag-economy","20":"tag-funding","21":"tag-grew","22":"tag-how","23":"tag-last","24":"tag-likely","25":"tag-new-zealand","26":"tag-newzealand","27":"tag-nz","28":"tag-proportions","29":"tag-reduction","30":"tag-seemed","31":"tag-sharp","32":"tag-slump","33":"tag-to","34":"tag-trump","35":"tag-year"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/364543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=364543"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/364543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/364544"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=364543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=364543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=364543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}