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Finance

New AfDB President Sidi Ould Tah Calls for Paradigm Shift to Tackle Africa’s Challenges

September 3, 2025 Geraldine Boechat 0

Mauritanian economist Sidi Ould Tah officially assumed office on 1 September 2025 as the ninth president of the African Development Bank (AfDB), pledging to build […]

Qatar’s $103bn Africa bet signals shift in Gulf’s global strategy

September 2, 2025 Steven Addamah 0

Qatar has unveiled an ambitious $103 billion investment plan across six African nations, marking one of the Gulf state’s largest-ever international expansion efforts. Spearheaded by […]

Africa Loses \$88 Billion Annually to Illicit Financial Flows, Warns African Union

September 1, 2025 Geraldine Boechat 0

The African Union (AU) has raised alarm on August 31 over illicit financial flows draining nearly $88 billion from the continent every year. These transactions, […]

Ethio Telecom Unveils Three-Year Strategy to Reach 100 Million Subscribers by 2028

August 29, 2025 Steven Addamah 0

Ethiopia’s state-owned operator, Ethio Telecom, has launched a new three-year development roadmap, “Next Horizon: Digital and Beyond 2028,” aimed at expanding its customer base to […]

East Africa launches $2.15B cross-border railway project to boost trade and cut costs

August 21, 2025 Khalid Al Mouahidi 0

Construction has begun on East Africa’s first-ever cross-border standard gauge railway (SGR), a $2.15 billion project linking Uvinza in western Tanzania to Musongati in eastern […]

Mozambique’s Sovereign Wealth Fund Receives Record Gas Revenues Amid Debate Over Usage

August 19, 2025 Pawla Nibramich 0

Mozambique has channelled US$210 million into its Sovereign Wealth Fund (FSM) by June 2025, surpassing the total contributions made in the whole of 2024! According […]

AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project

August 13, 2025 Steven Addamah 0

The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]

Germany’s €10M Africa pledge signals intent, but strategy still lags behind rivals

July 28, 2025 Steven Addamah 0

Germany has recently pledged €10 million to the G20 Compact with Africa (CwA), signaling renewed commitment to boosting private investment and sustainable growth across the […]

Nigeria Records 3.13% GDP Growth in Q1 2025 Amid Structural Reforms and Economic Rebasing

July 22, 2025 Steven Addamah 0

Nigeria’s economy witnessed a notable boost in the first quarter of 2025, as its Gross Domestic Product (GDP) grew by 3.13% in real terms year-on-year, […]

China tests global yuan ambitions in Africa’s financial shift

July 18, 2025 Steven Addamah 0

China is rapidly expanding the use of its currency, the yuan, across Africa, positioning the continent as a strategic testing ground for its broader de-dollarization […]

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News

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    December 12, 2025 0
  • ECOWAS Moves to Eliminate Air Transport Taxes by 2026 to Boost Regional Connectivity

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    December 11, 2025 0
  • Burkina Faso Leader Hails Security Gains, Calls Nation a “Model”

    December 11, 2025 0
  • Angolan Parliament President Calls for “Urgent” Revision of Family Code

    December 11, 2025 0

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