AfDB wins top infrastructure award for Africa’s largest wind power project in Egypt
The African Development Bank (AfDB) has won the prestigious “Infrastructure Deal of the Year” award at the 2025 African Banker Awards for its leading role […]
Finance
IMF Approves New Disbursement for Central African Republic Amid Mixed Reform Progress
The Executive Board of the International Monetary Fund (IMF) has concluded the third and fourth reviews of the Extended Credit Facility (ECF) arrangement for the […]
Morocco Opens Electronic Payment Market to Foster Financial Inclusion
Morocco’s Competition Council has approved groundbreaking reforms opening the electronic payment terminal (EPT) market to multiple operators starting May 1, 2025, ending the Interbank Electronic […]
South Sudan Embarks on Digital Salary Reform Amidst Infrastructure Hurdles
In a concerted effort to enhance fiscal transparency and streamline salary disbursements, South Sudan’s Ministry of Finance and Planning, in collaboration with the Bank of […]
Senegal Shifts Gears Toward Self-Reliance Through Domestic Revenue Overhaul
Facing the fiscal pressures of suspended international support, Senegal is pivoting toward a bold path of economic sovereignty by intensifying domestic tax compliance. Prime Minister […]
Congo powers ahead: World Bank commits $1bn to Inga III hydropower revival
The Democratic Republic of Congo (DRC) has secured a $1 billion commitment from the World Bank to jumpstart the long-stalled Grand Inga hydropower project, potentially […]
Bill Gates to donate most of his wealth to support health education in Africa
Bill Gates of Microsoft has promised to donate most of his wealth to promote health and education services across Africa over the next 20 years. […]
Trump’s remittance tax targets migrants — and hits Africa’s poorest hardest
A new 3.5% tax on remittances passed by the U.S. House of Representatives is sparking global concern, as critics warn it will disproportionately burden poor […]
Nigeria’s President Affirms Economic Progress Amidst Challenges, Calls for National Patience
In a reflective address marking his second year in office, President Bola Tinubu conveyed on May 29 a message of cautious optimism to Nigerians, asserting […]
Mauritanian Sidi Ould Tah Wins African Development Bank Presidency
Mauritanian candidate Sidi Ould Tah secured the African Development Bank presidency Thursday, defeating Zambian rival Samuel Munzele Maimbo in the third round of voting to […]