Economy

Nigeria’s inflation hit 33.88% in October 2024, driven by rising food and fuel costs, with analysts projecting further increases

IMF highlights Nigeria’s economic struggles as inflation rises, debt grows, and agriculture reforms fail to address food insecurity.

Google calls for African countries to classify fiber optic networks as critical infrastructure, aiming to curb infrastructure theft and attract tech investments to the continent.

Ivory Coast launches a $500 million green finance fund to combat climate change and boost sustainable development across Africa.

Tourism is a key economic driver in Morocco, significantly contributing to GDP, employment, foreign exchange earnings, and cultural preservation.

ECOWAS sanctions shape West Africa’s political stability, balancing democracy promotion with economic and regional challenges.

Nigeria’s external trade balance reached N6.9 trillion in Q2 2024, with significant growth in non-oil exports and streamlined trade logistics.

Russian military instructors deployed in Equatorial Guinea, strengthening Moscow’s role in West Africa as Western influence fades.

Forces Vives coalition demands Guinea’s junta transition to civilian rule by January 1, urging democratic progress amid delays and rising public frustration

KEY POINTS IMF offers $185.5 million for Zambia’s recovery. Drought, inflation reduce Zambia’s GDP growth forecast. IMF emphasizes fiscal reforms for economic stability. Zambia and the IMF reached a staff-level …