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Economy

How Ghana’s central bank lost $5.2 billion in the 2022 financial year

In a shocking turn of events, Ghana's central bank incurred a staggering loss of $5.2 billion in the 2022 financial year. This unexpected development has...

Nigeria raises monthly minimum wage amid looming national strike

President Bola Ahmed Tinubu of Nigeria has announced a six-month increase to the minimum wage as workers in the country are preparing for an...

Why Zimbabwe has the highest interest rate?

Zimbabwe has recently gained attention for maintaining the highest borrowing rates in the world. This decision was made by the country's central bank at...

Egypt boosts trade with UAE in $1.4 billion currency swap deal

Egypt and the United Arab Emirates have signed a local-currency swap agreement worth approximately $1.4 billion in an effort to alleviate Egypt's economic crisis. The...

How the Blue line Metro Rail is shaping Nigeria’s travel landscape

In the past, Nigeria has had various trains that chugged along, but now there's something new and exciting on tracks: the electric train in...

Tanzania is strengthening its foreign reserves with gold acquisition

Tanzania, a country known for its vast mineral resources, is taking proactive measures to strengthen its foreign reserves through the acquisition of gold. The Bank...

IMF approves $300 million loan to boost Burkina Faso’s economy

The International Monetary Fund has approved a $300 million loan agreement for Burkina Faso, a landlocked country in West Africa, in an effort to...

Ghana: High cost of living sparks protests in Accra

The high cost of living in Ghana has sparked street protests in the capital city of Accra, as citizens voice their frustrations over the...

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