After a decade-long process of negotiations and reforms with creditors, Somalia has finally secured a $4.5 billion debt write-off from global lenders as the enhanced Heavily...
The International Monetary Fund (IMF) has urged Nigeria’s central bank (CBN) to further hike Monetary Policy Rate (MPR). The IMF Director of Communications, Ms. Julie Kozack,...
Nigeria’s privately-owned Dangote refinery has received its first cargo of 1 million barrels of crude oil from Shell International Trading and Shipping Co. (STASCO). In a...
A recent report by Nanyang Technology University’s Centre for African Studies has revealed that Nigeria’s poor electricity contributes to up to a 40% rise in the...
Nigeria’s economy is expected to lose $335 million (about N310 billion) in foreign direct investment (FDI) owing to continued exit by multinational companies. Recently, the country...
Mozambique’s economy is predicted to grow by 5.5% next year, but the country’s budget deficit is growing as well, accounting for 10.4% of GDP due to...
A fall in Nigeria’s foreign reserves by $1.6 billion to $32.97 billion has been observed since the country’s central bank’s recent efforts to unify foreign exchange...
Uganda’s finance ministry wants to exceed double of its level of domestic market borrowing to 6.8 trillion Ugandan shillings ($1.79 billion) in the 2023/24 financial year...
Kenya’s central bank raised its lending rate benchmark by 2% to 12.5% following exchange rate depreciation, spurring price pressures, and a rise in public sector external...
Zambia’s first green bond will be issued by Copperbelt Energy Corporation (CEC) at the end of the year. CEC’s chief executive officer, Owen Silavwe, said in...
Kenyan energy startup, Hydrobox, has announced raising $9 million in debt investment from FMO, the Dutch entrepreneurial development bank, and...
Captain of the Zambian women’s national football team, Barbra Banda, has been voted the BBC Women’s Footballer of the Year...
The Egyptian Naval Forces on Tuesday announced the rescue of five people and recovery of four bodies a day after...
The Patriotic Front (PF) faction led by former Zambian President, Edgar Lungu, has accused President Hakainde Hichilema of politicizing traditional...
A report released by the National Bureau of Statistics (NBS) has revealed that prices of basic food items like beans,...
South African anti-apartheid writer and poet, Breyten Breytenbach, has passed away at the age of 85 after a long battle...
MTN Benin has officially launched its 5G network which will position the country as a technological leader in West Africa....
Pubic institutions, especially hospitals, were the worse hit as Zambia was plunged into total darkness on Sunday, November 24, following...
The Nigerian government says it will begin tracking social media accounts run by terrorists following a disturbing infiltration of the...
The European External Action Service (EEAS) has announced that the European Union would return its ambassador from Niger after the...