The goal of the G20 Compact with Africa summit, which is bringing together leaders from over a dozen African nations, is to support private investment
Category: Africa
Russia ends black sea initiative with the first shipment of 200,000 tonnes of free grains to Africa.
As promised by President Vladimir Putin in July, Russia’s agriculture minister announced on Friday that Moscow had started sending free grain shipments to six African
Nigeria’s inflation hits 27.33% in October, the highest in 18 years, damning the new Central Bank’s policy.
October saw an increase in inflation in Nigeria for the tenth consecutive month, putting more pressure on the newly appointed governor of the central bank
Nigeria’s Cardoso says the Central Bank has no magic wand to tackle economic challenges.
Governor Olayemi Cardoso of Nigeria announced on Tuesday that the central bank will support the government’s goal of economic growth by taking on “more limited
Saudi Arabia to deposit billions of dollars in Nigeria’s central bank and revamp four state refineries in 3 years.
Nigeria and Saudi Arabia reached agreements on Friday on a number of cooperation and investment agreements. Among these was the Saudi government’s commitment to finance
Saudi Arabia’s $700b wealth fund will make “game-changing” investments in Africa. – Minister
Mohammed Al-Jadaan, the Saudi Finance Minister, announced during the Saudi-Arab-African Economic Conference in Riyadh on Thursday that the Saudi Fund for Development would ink deals
Nigeria’s NNPC launches European grade crude.
The state-owned oil company of Nigeria, NNPC Ltd., announced on Tuesday that it has introduced a new crude grade called Nembe, which it claims is
AU warns that AGOA renewal is not tied to US duty-free exports to the African Continental Free Trade Area.
The top trade official for the African Union stated on Thursday that the continent wants the United States Congress, to extend its flagship trade program
Nigeria to borrow $8b to finance infrastructure, health, education, and security as oil exports collapse.
In order to finance infrastructure, health, education, and security, Nigerian President Bola Tinubu requested on Wednesday that the Senate authorize approximately $8 billion in fresh
Africa’s fashion export value is currently $15.5b and can achieve $50b in a decade. – UNESCO.
Africa’s fashion sector is expanding quickly to fulfill domestic and global demand, but insufficient funding is limiting its potential, according to a report released by
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