Economic development

South Africa Scraps VAT Hike Amid Coalition Rift and Public Backlash

South Africa’s government has abandoned a controversial plan to raise the value-added tax (VAT) by 0.5 percentage points, a move that had threatened to fracture the country's fragile coalition government…

Africa News Now April 24, 2025

ANN West Africa

IMF Approves $129 Million Emergency Support for Mali Following 2024 Flood Disaster

The International Monetary Fund (IMF) has approved a $129 million disbursement to Mali under its Rapid Credit Facility (RCF), aimed at addressing the country’s urgent economic and humanitarian needs following…

Africa News Now April 17, 2025

ANN West Africa

IMF Approves $143M for Benin Amid Strong Economic Growth and Reform Milestones

The International Monetary Fund (IMF) has approved a $143 million disbursement (approx. 82.52 billion CFA francs) to Benin under its Extended Fund Facility (EFF), Extended Credit Facility (ECF), and Resilience…

Africa News Now April 15, 2025

ANN West Africa

Liberia and EU Assess Progress on Light Up South-East (LUSE) Project to Expand Rural Electrification

The Liberian government, in collaboration with the European Union (EU), has launched a five-day site visit to assess the progress of the Light Up South-East (LUSE) Project, a transformative initiative…

Africa News Now March 25, 2025