Nigeria: Government Employees Receive Salary Boost of Up to 35%
To mark May Day, the Nigerian government has declared a raise of 25% to 35% in salaries for certain groups of workers across the nation. […]
Finance
Zimbabwe Introduces ZiG: The Newest Currency in the World and Effort to Address Financial Crisis
Zimbabwe rolled out a new currency on Tuesday to replace its heavily depreciated and frequently shunned predecessor, signaling another attempt to address its enduring currency […]
African Leaders Convene in Nairobi for IDA Summit
African heads of state gathered in Nairobi for the International Development Association (IDA) summit, focusing on favorable lending terms and strategies to promote sustainable development […]
Nigeria Secures $600 Million Investment from Maersk for Seaport Infrastructure Enhancement
Nigeria has clinched a significant $600 million investment for its seaport infrastructure from the renowned Danish shipping company A.P. Moller-Maersk, as confirmed by the presidency […]
AFDB warns of Africa’s ballooning external debt challenges, resource-backed opaque loans
The African Development Bank has warned that Africa’s ballooning external debt, which reached $824 billion in 2021, is posing serious challenges, with countries dedicating 65 […]
Central Bank Governor Warns of Inflation Upside Risks and Financial Conditions in South Africa
South Africa’s inflation outlook presents potential upward risks, according to Central Bank Governor Lesetja Kganyago. Despite the adverse effects of El Nino weather conditions across […]
Currency devaluation ditches Nigerian economy
Currency devaluation was pointed as the reason behind ditching Nigeria’s economy which fell to the fourth place in the list of Africa’s largest economies, while […]
Italy offers Tunisia €105 million in aid to state budget
Italy said it will offer crisis-hit Tunisia 105 million euros in budget assistance and credit lines, as Rome looks to its North African southern neighbors […]
Ghana Unable to Secure Debt Agreement with Global Bondholders
Ghana’s attempts to restructure its $13 billion international bond debt have hit a snag, according to government sources on Monday, dealing a setback to its […]
Zimbabweans Compelled to Utilize US Dollar Amid Delay in Introduction of New Currency, ZiG
Informal traders in Zimbabwe, comprising approximately 75% of the nation’s workforce, have ceased accepting the ZIMdollar, also known as the RTGS dollar, due to concerns […]