Africa - Page 18

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

The World Bank highlighted disparities in trade costs across African countries compared to the United States. According to the report, trade expenses in nations like Nigeria and Ethiopia are four to five

Emmanuel Ochayi

April 9, 2024

Africa·Business·News

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Nigeria is gearing up to receive a significant financial injection of $1.05 billion from Afreximbank, set to be unleashed next month. This syndicated loan, intricately linked to the nation’s oil reserves, aims

Emmanuel Ochayi

April 9, 2024

Africa

Zimbabwe’s ZiG Currency To Go Into Circulation April 30

The Reserve Bank of Zimbabwe (RBZ) has announced the introduction of a new currency, Zimbabwe Gold (ZiG), which will replace the Zimbabwean Dollar.

John Adoyi

April 8, 2024

Kenya On The Risk Of Losing Billions To Its Financial System- United States Warns

Africa·News·World News

Kenya At Risk Of Losing Billions To Its Financial System- United States Warns

The United States has issued a stark warning to Kenya, cautioning that its major financial system, the Integrated Financial Management Information System (Ifmis), is at risk of losing billions of shillings. According

Emmanuel Ochayi

April 8, 2024

Africa·Business·News·World News

No Job For Millions Of Nigerian Graduates, Others- ECOWAS Bank President Urges Action To Tackle Youth Unemployment

George Agyekum Nana Donkor, the president of the ECOWAS Bank for Investment and Development, emphasized the pressing issue of youth unemployment in West Africa during the ECOWAS Investment Forum 2024 in Lomé,

Emmanuel Ochayi

April 7, 2024

Africa·News·World News

Senegal’s New President Vows To Audit Nation’s Oil, Gas, Mining Sectors

Bassirou Diomaye Faye, Senegal’s newly elected President, has pledged to conduct an audit of the nation’s oil, gas, and mining sectors. The move comes as a follow-up to Faye’s campaign promise to

Emmanuel Ochayi

April 5, 2024

Africa·Currency·News·World News

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Zimbabwe has taken a step towards stabilizing its currency woes by announcing the launch of a new currency called ZiG. The move, set to be implemented on April 8, 2024, aims to

Emmanuel Ochayi

April 5, 2024

After That Over-analysed Speech: What Tinubu Must Do Now

Africa

Tinubu Urges Strong Representation In ECOWAS Parliament For Unity In W’Africa

President Bola Tinubu has urged the member states of the Economic Community of West African States (ECOWAS) to come together, strengthen their ties, and oppose those who seek to create division within

Victor Ezeja

April 5, 2024

Africa·Business·News

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

The African Development Bank (AfDB) has injected a financial boost into Nigeria’s agricultural sector through a $75 million loan agreement with Indorama Eleme Fertilizer and Chemicals Limited, as announced on Thursday. The

Emmanuel Ochayi

April 5, 2024

Africa·News·World News

Just In: Faye sworn-in As Senegal president, Vows Radical Change

Bassirou Diomaye Faye, 44, took oath as Senegal’s youngest president, promising sweeping reforms after a landslide victory. From the heart of Diamniadio, near Dakar, Faye declared his commitment to Senegal’s people and

Emmanuel Ochayi

April 2, 2024

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Africa - Page 18

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Zimbabwe’s ZiG Currency To Go Into Circulation April 30

Kenya At Risk Of Losing Billions To Its Financial System- United States Warns

No Job For Millions Of Nigerian Graduates, Others- ECOWAS Bank President Urges Action To Tackle Youth Unemployment

Senegal’s New President Vows To Audit Nation’s Oil, Gas, Mining Sectors

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Tinubu Urges Strong Representation In ECOWAS Parliament For Unity In W’Africa

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

Just In: Faye sworn-in As Senegal president, Vows Radical Change

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