A representative for the U.S. Agency for International Development (USAID) announced that the United States and Norway will each donate a total of $70 million
Category: Africa
UN says Africans should claim financial reparations for the enslavement of over 30m people for 400 years.
Although legal claims are complicated by the passage of time and the difficulties in identifying perpetrators and victims,the United Nations said on Tuesday that governments
Nigeria’s inflation rose to 25.8% in August, the highest since 2005 driven by subsidy removal and Naira devaluation
According to official statistics released on Friday, Nigeria’s annual inflation rate increased to an 18-year high of 25.8% in August as the continent’s largest economy
Nigeria’s forex crisis pushes PZ Cussons to go private.
PZ Cussons, a soap manufacturer, announced on Tuesday that it has offered to buy out PZ Cussons Nigeria’s minority owners and plans to delist the
Nigeria’s four state oil refineries are to resume operations in 2024 after a series of fruitless plans.
Nigeria’s new oil minister stated on Friday that the country expects its four oil refineries to be ready by the end of 2024, with the
Egypt reports new oil discoveries in the Geisum and Tawila West Concession area.
The Geisum and Tawila West Concession in the Gulf of Suez was the site of a fresh oil discovery, according to the petroleum ministry of
Global hunger worsens as India’s ban on export and climate change puts rice price at a 15-year high.
Francis Ndege is unsure if his customers in the biggest slum in Africa can continue to afford to purchase rice from him. Because of higher
Nigeria’s NNPC borrows $3b from Afrexim bank to salvage the free-falling naira.
Nigeria’s state-owned oil company NNPC announced on Wednesday that it has obtained a $3 billion crude oil repayment loan from the Afrexim Bank in Cairo.
Nigeria’s inflation rose to 24.08% in July, the highest in 20 years, worsening the cost of living crisis.
Nigeria’s annual inflation rate increased to 24.08% in July from 22.79% in June, which worsened the continent’s largest economy’s cost-of-living crisis as President Bola Tinubu’s
Climate finance: Gabon adopts a $500m debt-for-nature swap to restore its oceans.
Using a contentious financial strategy, Gabon plans to reduce its debt load and restore its waters simultaneously, a key conservation organization said on Tuesday. The
Load More
