Economy

  A recent study conducted by the Center for Global Development has unveiled a challenging outlook for African nations aiming to replicate East Asia’s success in industrialization as a means …

South Africa’s finance minister, Enoch Godongwana, has warned that the country’s budget deficit will be larger than expected due to lower tax revenues and higher spending pressures. In his medium-term …

Germany has announced a new financial and technical cooperation agreement with the Economic Community of West African States (ECOWAS) to support the regional bloc in addressing various challenges, including economic …

African Petroleum Producers Organisation (APPO) Secretary-General, Omar Farouk Ibrahim, spotlighted key obstacles facing African oil producers: funding, technological knowledge, and market accessibility. In Abuja, at the third Africa Local Content …

In a strategic move, Nigeria’s leading oil company, AITEO, recently disclosed an innovative crude oil transportation mechanism, echoing President Bola Tinubu’s economic objectives. Initiated by visionary founder Benedict Peters, AITEO …

Former Finance and Industry, Trade, and Investment Minister, Olusegun Aganga, has called for urgent, cohesive action from the Nigerian government to harness the potential benefits of the African Continental Free …

The U.S. dollar is on track for its third consecutive monthly gain, buoyed by robust U.S. economic growth figures that suggest interest rates may remain high for an extended period. …

The African continent is on the brink of a renewable energy renaissance with a significant boost from the Green Climate Fund (GCF). In a decisive move to tackle the chronic …

Ivory Coast, the world’s largest cocoa producer, is facing a standoff with multinational chocolate companies over the premium it charges to improve the income of its farmers. The West African …

Zimbabwe is facing severe food insecurity due to recurrent droughts, economic challenges, and the impact of the COVID-19 pandemic. According to the World Food Programme, more than 8.6 million people, …