Economy Archives

Nigeria Secures $500 Million from World Bank to Boost Rural Connectivity and Agricultural Productivity

Nigeria has successfully secured $500 million in concessional financing from the World Bank for the Rural Access Agricultural Marketing Project – Scale Up (RAAMP-SU). This significant investment is part of…

Africa News Now February 6, 2025

African Diaspora ANN Southern Africa

Trump Cuts Development Aid to Three Giant African Countries Amid Political Tensions

The United States has announced cuts to several major development aid programmes in Senegal, South Africa, and Botswana, signaling a shift in its foreign aid strategy under the Trump administration.…

Africa News Now February 4, 2025

ANN West Africa

Ivorian Political Landscape Heats Up Ahead of 2025 Presidential Election as Opposition Pushes for Unity

As Côte d'Ivoire’s 2025 presidential election draws closer, political activity in the country is intensifying, with parties ramping up rallies, grassroots engagement, and coalition-building efforts. The race for the presidency…

Africa News Now February 3, 2025

ANN West Africa

Alliance of Sahel States Launches New National Passport for Citizens

The Alliance of Sahel States (AES) has officially launched its new national passport, marking a significant step towards regional integration and identity management within the Sahel region. Malian Minister of…

Africa News Now February 3, 2025

ANN Central Africa Eastern Africa

EU Security Council Convenes Again to Address Escalating Crisis in Eastern DR Congo as M23 Rebels Advance

The United Nations Security Council held its second meeting in three days on Tuesday to address the deepening crisis in the eastern Democratic Republic of Congo (DRC), particularly the rapidly…

Africa News Now January 29, 2025

African Diaspora ANN Central Africa

Niger, Mali, and Burkina Faso Officially Withdraw from ECOWAS in Historic Move

In a significant development on Wednesday, the military-led governments of Niger, Mali, and Burkina Faso officially announced their withdrawal from the Economic Community of West African States (ECOWAS). This decision…

Africa News Now January 29, 2025

ANN Southern Africa

Zimbabwe’s Inflation Rises in January as New Taxes and Drought Pressure Prices

Zimbabwe's inflation surged in January, with the cost of goods and services rising by 14.6% in U.S. dollar terms and 10.5% in local currency terms, compared to the same period…

Africa News Now January 28, 2025

African Diaspora ANN Northern Africa

Saudi, Iraqi, and Libyan Energy Ministers Discuss Global Oil Market Stability Ahead of OPEC+ Meeting

Saudi Energy Minister Prince Abdulaziz bin Salman met with Iraqi Oil Minister Hayan Abdel-Ghani and Libyan Oil Minister Khalifa Abdulsadek in Riyadh on Monday to discuss ongoing efforts to support…

Africa News Now January 28, 2025

ANN Central Africa Eastern Africa

African Union Leaders Meet in Kenya to Discuss Financial Independence and Efficiency

Leaders from African Union (AU) member states gathered in Nairobi, Kenya, to discuss strategies for enhancing financial independence and operational efficiency across the continent. The high-level meeting, held at State…

Africa News Now January 27, 2025

ANN West Africa

President Mahama Launches Committee for National Economic Dialogue to Address Ghana’s Economic Challenges

Former President John Dramani Mahama has appointed a seven-member committee tasked with organizing the National Economic Dialogue (NED), a key initiative under his 120-day Social Contract. The NED is designed…

Africa News Now January 27, 2025

ANN West Africa

UN Appeals for $910 Million to Address Humanitarian Crisis in Northern Nigeria

The United Nations has launched an urgent appeal for $910 million to address the growing humanitarian crisis affecting 3.6 million people in Nigeria’s Borno, Adamawa, and Yobe (BAY) states. This…

Africa News Now January 25, 2025