Economy

Nigerian Economic Summit Focuses on Pathways for Transformation

Nigerian Economic Summit Focuses on Pathways for Transformation. The 29th Nigerian Economic Summit (NES 29) anchored its discussions around ‘Pathways for Sustainable Economic Transformation and...

African Finance Leaders Convene to Address Opportunities and Challenges

The Africa Financial Industry Summit (AFIS) was held this week in Lomé, Togo, bringing together over 800 leaders in African finance to discuss the...

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...

Safaricom stake in Kenya’s economy hits $6.7 billion

Safaricom, Kenya's leading telecommunications company, has seen its stake in the country's economy reach a staggering $6.7 billion (Ksh 1 trillion). This represents a 25...

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...

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 goes bankruptcy over unpaid debts

Ghana, a West African country known for its rich cultural heritage and natural resources, is currently facing a severe financial crisis that has pushed...

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