The IMF links an $8 billion loan for Egypt to crucial economic reforms, including currency flexibility, aiming for sustainable growth and market-driven policies.
Ikeoluwa Ogungbangbe
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In a decisive move, Ivory Coast’s President Ouattara hikes the cocoa farmgate price by 50%, directly benefiting local farmers amid a global market deficit and rising cocoa prices.
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Morocco’s investment in a new $300 million BTR cathode plant for EV batteries marks a significant leap towards becoming a key player in the global EV supply chain.
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A tragic bus accident in Limpopo, South Africa, has claimed 45 lives of Easter pilgrims from Botswana, marking one of the deadliest road incidents in the region.
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Nigeria’s Dangote refinery, set to refine 650,000 bpd, could end the decades-long $17 billion gasoline trade from Europe to Africa, challenging European refineries’ survival.
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Four Educor-owned colleges in South Africa are ordered to close, affecting thousands of students, after investigations reveal fabricated results and financial irregularities.
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In response to unprecedented inflation, Nigeria’s Central Bank elevates its benchmark rate to 24.75%, aiming to stabilize Africa’s biggest economy amid rising living costs.
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In a significant ruling, South Africa’s election court has denied the ANC’s attempt to block the MK party, supported by Jacob Zuma, from participating in the 2024 elections.
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Zambia reaches a crucial agreement to restructure $3 billion in international bonds, marking a significant milestone towards the country’s long-awaited financial recovery.
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Early results show opposition candidate Bassirou Diomaye Faye taking the lead in Senegal’s presidential race, igniting street celebrations and discussions of a potential runoff.