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Economy & Business
Interpol Issues Red Notice for Ghana’s Former Finance Minister Ken Ofori-Atta
Former Ghanaian Finance Minister Ken Ofori-Atta has been placed on Interpol’s Red Notice list following a formal request by Ghanaian authorities amid an aggressive nationwide anti-corruption campaign. The former minister is accused of being…
Kenyan Bank May Be First to Operate in Ethiopia Since 1975
Ethiopia is on the verge of a historic financial transformation, with a Kenyan banking giant poised to become the first foreign bank to operate in the country in over 50 years. This milestone comes after the Ethiopian government passed the…
Youth Empowerment Drives Tanzania’s $15 Billion Investment Plan
Tanzania has launched an ambitious plan to attract $15 billion in investments by December 2025, positioning youth at the center of its development agenda. This bold move comes as the country experiences a surge in foreign direct investment…
ZiG Needs More Than Gold to Succeed, IMF Cautions Zimbabwe
The International Monetary Fund (IMF) has expressed cautious support for Zimbabwe’s new gold-backed currency, the Zimbabwe Gold (ZiG), while emphasizing that the currency alone cannot resolve the country’s longstanding economic challenges.…
Comply or Exit: Ghana Gives Elon Musk’s Starlink 30 Days to Meet Regulatory Demands
Ghana’s National Communications Authority (NCA), with strong backing from Parliament and the Ministry of Communications and Digitalisation, has issued a 30-day ultimatum to Elon Musk’s Starlink satellite internet service. The company has…
African Union Agency Rejects Fitch’s Downgrade of Afreximbank
The African Peer Review Mechanism (APRM), a specialized agency of the African Union, has strongly criticized Fitch Ratings’ recent downgrade of the African Export-Import Bank (Afreximbank), calling the decision “flawed” and lacking proper…
Africa’s Untapped $777 Billion Could Be the Engine of Self-Reliant Growth
Africa’s burgeoning pool of pension and insurance assets estimated at a staggering $777 billion holds untapped potential to drive the continent’s infrastructure and economic transformation, according to the Africa Finance Corporation (AFC).…
Diamond Market Shake-Up Forces Botswana to Rethink Economic Strategy
Botswana’s economy, long powered by its world-renowned diamond industry, is facing mounting pressure as Debswana Diamond Company the country’s biggest diamond producer significantly reduces output in response to waning global demand. The…
Africa’s Hidden Wealth Could Fund Its Infrastructure Revolution – AFC
The Africa Finance Corporation (AFC) has announced that African economies hold up to $4 trillion in domestic capital that can be redirected toward infrastructure investment. This capital largely held in local pension funds, insurance pools,…
Senegal to IMF: ‘Thanks, But No Thanks’—Sonko Backs Homegrown Solutions
Senegal’s Prime Minister Ousmane Sonko has launched a sweeping tax reform agenda aimed at reducing the country’s long-standing dependence on the International Monetary Fund (IMF). In a bold and nationally resonant move, Sonko is shifting…
