Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Economy & Business
Ethiopia Secures $1.6 Billion in Energy and Mining Deals to Boost Economic Transformation
Ethiopia has taken a major step forward in its quest for economic transformation by securing more than $1.6 billion in foreign investments focused on the country’s energy and mineral sectors. The landmark deals, sealed during the Invest in…
Nigeria Pays Off $3.4 Billion IMF Loan, Strengthening Global Investor Confidence
In a significant milestone for Africa’s largest economy, Nigeria has fully repaid the $3.4 billion loan it obtained from the International Monetary Fund (IMF) at the height of the COVID-19 pandemic. The repayment was completed on April 30,…
Angola Offers Namibia Strategic Support in Growing Its Oil Industry
In a groundbreaking move aimed at enhancing regional economic cooperation, Angola has extended an offer to Namibia to assist in developing its oil and gas sector. This collaboration comes at a time when Namibia, a country rich in natural…
Namibia’s Central Bank Embraces Ghana’s Gold Reserve Strategy for Financial Security
In a strategic move aimed at enhancing its monetary policy and strengthening the national economy, Namibia's central bank has decided to adopt Ghana's groundbreaking "Gold Purchase Programme." This programme, which has been widely…
Benin Ends Raw Cotton Exports in Drive for Industrial Revolution
Benin is making a bold economic shift by announcing plans to ban the export of raw cotton and instead invest in building a robust domestic textile industry. This strategic move is designed to maximize the economic value of its cotton…
Petrol Production in Nigeria Now Solely by Dangote Refinery, Says Energy Expert
In a significant development within Nigeria’s energy sector, the Dangote Refinery has been identified as the country’s only active producer of Premium Motor Spirit (PMS), commonly known as petrol. This revelation comes from energy analyst…
America Pulls Back: African Development Bank Faces Funding Crisis as U.S. Cuts Support
The United States government has announced a plan to cut $555 million in funding to the African Development Bank (AfDB) and its concessional financing arm, the African Development Fund (ADF), marking a major shift in its approach to…
Tanzania Declares Tanzanian Shilling as Sole Legal Tender, Ends Dollar Transactions
In a major regulatory shift aimed at strengthening its domestic currency and economic sovereignty, the Bank of Tanzania (BoT) has officially banned the use of foreign currencies most notably the US dollar for local transactions and payments…
Nigeria’s Oil Sector Under Fire as Rehabilitated Refinery Halts Operations
Nigeria is once again facing backlash over the state of its oil industry, following the sudden shutdown of the Port Harcourt Refinery despite a staggering $897.6 million allocated for its rehabilitation. The development has reignited public…
Nigeria Partners with South Africa to Unlock Mineral Wealth and Diversify Economy
In a landmark move aimed at enhancing regional collaboration and economic diversification, Nigeria and South Africa have signed a Memorandum of Understanding (MoU) to deepen cooperation in the mining sector. The agreement, signed on April…
