In order to draw foreign investment and dollar inflows into the economy, Nigeria is looking for fund managers for a proposed $10 billion diaspora fund,
Category: Africa
The World Bank halts financing for a $150m Tanzanian tourism project, which hurt indigenous communities.
A U.S.-based rights group that has long encouraged the global lender to take such action claims that the World Bank has discontinued funding for a
Nigeria’s inflation reaches a 28-year high of 33.2% in March.
In March, Nigeria’s inflation continued to rise despite central bank rate hikes intended to slow it down, hitting a 28-year high of 33.20% in annual
Nigeria’s grid collapses within 12 days to 50MW after raising tariff by 230%.
Early on Monday, Nigeria’s groaning grid gave way for the fifth time this year, underscoring the nation’s incapacity to supply consistent electricity following the 230%
UN says high inflation and food scarcity pushed 55m people in West and Central Africa into acute hunger.
U.N. humanitarian organizations issued a warning on Friday, stating that almost 55 million people in West and Central Africa may find it difficult to feed
World Bank says Africa’s economic growth is too weak to impact poverty.
The World Bank stated in a report on Monday that while economic growth is expected to pick up in Sub-Saharan Africa over the next two
Africa faces threats to livelihoods and food security from conservation projects for carbon credits.
Matthew Walley looks out over the vast forest that has provided generations of sustenance for his Indigenous tribe in Liberia. There’s still a feeling of
Nigeria’s economy is rattled by inflation at 30% amid currency devaluation drives new capital requirements for banks.
Nigeria’s central bank announced new minimum capital requirements for banks on Thursday to fortify the nation’s financial system and increase the resilience of banks. According
Johannesburg, South Africa’s largest city faces an unprecedented water crisis.
Tsholofelo Moloi has been waiting in line for water for the past two weeks, along with thousands of other South Africans, while the nation’s largest
11 African nations are in crisis over billions of dollars in loans secured with natural resources. – ADB chief.
The head of the African Development Bank is demanding an end to loans made in exchange for the abundant oil and vital minerals found on