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Africa - Page 38

Burkina Faso Junta Dissolves Political Parties

Burkina Faso’s transitional government has dissolved all political parties, repealed the laws that governed their operation, and transferred their assets to the state, the presidency announced on Thursday. The move comes more than three years after a September 2022 coup brought junta

January 30, 2026

Africa·News·World News

Why 55 Million People In West, Central Africa Will Struggle To Feed In 2024- Report

A grave situation is unfolding in West and Central Africa, where nearly 55 million people are on the brink of hunger during the June-August lean season, as per the March 2024 Cadre Harmonisé food security analysis. This represents a significant increase of

April 13, 2024

Global Trade To Surge By 2.3% In 2024 - World Bank

Africa·Business·News

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

The World Bank forecasts subdued growth in Nigeria, dampening economic prospects for the broader Western and Central Africa region. In its report, the World Bank noted that Nigeria’s lower-than-average growth would impede the subregion’s economic performance. “In AFW, economic activity is set

April 12, 2024

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Africa·Business·Markets·News

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria’s forex policies on cross-border trade within Africa. Salami highlighted the challenges faced by small and medium enterprises (SMEs), emphasizing the difficulties encountered in repatriating export proceeds

April 11, 2024

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

Africa·Business·News·World News

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 times greater than those in the US. The reasons cited

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 to breathe new life into Nigeria’s economy, which has been

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.

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 to a report from the Office of the United States

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, Togo. Donkor highlighted the dire situation faced by millions of

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 renegotiate resource terms with foreign operators ahead of the anticipated

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 address the country’s longstanding struggle with hyperinflation and currency depreciation.

April 5, 2024

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Trump Threatens 100% Tariffs on Canadian Goods Over China Trade Deal

U.S. President Donald Trump has threatened to impose 100 per

Nigeria Tightens Rules for Courier Companies Using Prepaid Imports

Nigeria’s customs authority has introduced new rules for courier companies

Behind the Geregu Power Sale: Politics and a $750m Deal

The sale of Geregu Power, one of Nigeria’s largest electricity

Recapitalisation: UBA Extends Deadline For Rights Issue

UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

United Bank for Africa (UBA) has successfully concluded its rights

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Africa - Page 38

Burkina Faso Junta Dissolves Political Parties

Why 55 Million People In West, Central Africa Will Struggle To Feed In 2024- Report

Why Nigeria’s Poor Growth Will Weaken West Africa’s Economy– World Bank

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

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

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Burkina Faso Junta Dissolves Political Parties

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UBA Hits Billion-Naira Milestone: Rights Issue Success Pushes Capital Base Above ₦500bn

Burkina Faso Junta Dissolves Political Parties

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