Economy

Africa is losing a staggering $90 billion every year to illicit financial flows, according to a top official of the African Development Bank (AfDB). This amount is more than the …

Somalia has achieved a landmark debt cancellation deal with international lenders, paving the way for the war-torn nation to access financial markets and attract investment after decades of economic stagnation. …

Wheat is one of the most important staple crops in the world, providing food, feed, and income for millions of people. However, in West and Central Africa (WCA), wheat production …

The UK Prime Minister Rishi Sunak has narrowly avoided a defeat in parliament on his emergency bill to revive his plan to send asylum seekers to Rwanda, after facing a …

Nigeria, Africa’s largest economy, is facing a wave of corporate exits as several multinational companies have announced plans to leave the country or scale back their operations in the second …

Flutterwave, a leading African fintech company, has announced that it has obtained payment licenses for 13 states in the US, as part of its strategy to dominate the remittance market …

Nigeria, Africa’s largest economy, has received a positive outlook from Moody’s Investors Service, a global credit rating agency, following its recent reforms to improve its fiscal position and shore up …

Sierra Leone’s former president Ernest Bai Koroma has been summoned by the police for questioning as part of their investigation into a failed coup attempt last month, the information minister …

The African Development Bank Group (AfDB) has raised alarm over the potential impact of a new European Union (EU) carbon border tax on Africa’s trade and industrialization prospects. The EU …

Africa is home to nearly one billion people who lack access to clean cooking solutions, relying instead on wood, charcoal, kerosene, or other polluting fuels. This has devastating consequences for …