The Debt Management Office (DMO) reported on Thursday that as the government increased borrowing to cover its budget deficit, Nigeria’s total public debt increased to
Category: Africa
Debt-ridden Ghana gets a bailout of $139m as U.S VP Harris visits Africa.
U.S. Vice President Kamala Harris will meet with Ghanaian President Nana Akufo-Addo on Monday in an effort to show the West African leader support as
German consortium signs $34b MoU with Mauritania for hydrogen project
Conjuncta, a German project developer, announced on Wednesday that it has signed a memorandum of understanding for a $34 billion green hydrogen project in Mauritania
Nigeria: Dozens killed in Niger Delta illegal refinery explosion.
In the Niger Delta region of Nigeria, an explosion and fire on Friday killed at least 12 people, according to police, however, locals claimed a
South African scientists employ insects to combat water hyacinth weed.
In the past, the Hartbeespoort Dam in South Africa was teeming with visitors taking in the beautiful scenery and engaging in leisurely water activities. The
World Bank to set up additional 9,000 solar-powered mini-grids for rural communities in Africa.
According to the nation’s energy minister, Kenya is building 136 solar-powered mini-grids in remote locations that are inadequately supplied by the national electricity grid. In
MTN appoints Nokia to expand the 5G Network in South Africa.
While MTN South Africa continues to roll out next-generation wireless services throughout the nation, Nokia said on Monday that it had been chosen for the
South Africa and Nigeria face special scrutiny for supporting financial crimes. – Global Watchdog.
The Financial Action Task Force (FATF), a global organization that monitors financial crime, announced on Friday that it has added South Africa and Nigeria to
New French fund commits $100m to the development of solar energy in Africa.
French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday that a new investment fund with 87.5 million euros ($92.63 million) will
Heavily indebted African countries charged extortionate interest rates. – U.N. Sec-Gen.
Having to pay “extortionate” interest rates, heavily indebted African nations are getting a raw deal from the global financial system, according to U.N. Secretary-General Antonio
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