Economy Archives

South Africa Rejects Trump-Era 30% Tariff, Cites Trade Data Discrepancies

South African President Cyril Ramaphosa has strongly criticized the United States' decision to impose a unilateral 30% tariff on South African imports, calling it unjustified and inconsistent with actual trade…

Africa News Now July 8, 2025

ANN Central Africa

Cameroon Fines Orange and MTN €4 Million Over Poor Network Coverage and Consumer Rights Violations

The Telecommunications Regulatory Agency of Cameroon (ART) has levied fines totaling nearly €4 million against Orange Cameroon and MTN Cameroon for failing to meet mandatory service quality and coverage standards.…

Africa News Now July 8, 2025

African Diaspora ANN West Africa

Senegal Partners with Korea’s DONEWON to Boost Fisheries Sector Under Agenda 2050

The Senegalese government has entered high-level talks with South Korean fishing conglomerate DONEWON to strengthen its fisheries value chain, promote local seafood processing, and support the country's long-term development blueprint,…

Africa News Now July 8, 2025

ANN West Africa

IMF Approves $370 Million Disbursement to Ghana After Successful 4th Review

The International Monetary Fund (IMF) has approved a $370 million disbursement to Ghana following the successful completion of the fourth review of the country’s economic performance under the Extended Credit…

Africa News Now July 8, 2025

ANN West Africa

Nigeria Reaffirms Support for Global Nuclear Test Ban, Pledges Stronger Cooperation

Nigeria has reiterated its unwavering commitment to the global prohibition of nuclear weapons testing, reinforcing its long-standing position as a strong advocate for disarmament and global security. Vice President Kashim…

Africa News Now July 8, 2025

ANN Central Africa

Gabon’s President Oligui Launches Political Party to Cement Post-Coup Rule

Nearly two years after leading a military coup that ended the Bongo family’s 56-year political dominance, Gabon’s President Brice Oligui Nguema has formally launched his own political party, marking a…

Africa News Now July 7, 2025

ANN West Africa

Ghana Allocates $1.4 Billion to Eurobond Repayments in 2025, Boosting Investor Confidence

The Government of Ghana has committed to spending US$1.4 billion in 2025 to meet its Eurobond debt service obligations, in line with its post-restructuring roadmap. This was confirmed by the…

Africa News Now July 7, 2025

ANN West Africa

Senegal Exports 2.9 Million Barrels of Oil in June, Keeps 2025 Output Target on Track

Senegal exported 2.9 million barrels of crude oil in June 2025 from its flagship Sangomar offshore field, reinforcing the country’s emergence as a key player in West Africa’s energy sector.…

Africa News Now July 7, 2025

African Diaspora ANN West Africa

Nigeria, Brazil Seal Landmark Agriculture and Trade Deals at BRICS Summit

Nigeria and Brazil have signed a series of strategic agreements to deepen economic ties, with a strong focus on boosting agricultural productivity and food security. The signing took place during…

Africa News Now July 7, 2025

ANN West Africa

Togo Signs Landmark Pact on Security and Refugee Protection in Lomé with Neighboring Countries

In a pivotal move to confront terrorism and humanitarian displacement, five West African countries—Benin, Togo, Côte d’Ivoire, Ghana, and Burkina Faso—have signed a historic declaration in Lomé, Togo, committing to…

Africa News Now July 7, 2025

ANN Eastern Africa

Kenya Braces for Mass Protests as Police Seal Off Nairobi Ahead of Saba Saba Rally

Kenyan police sealed off major roads in and out of Nairobi’s central business district on Monday, deploying heavy security ahead of mass antigovernmental protests expected on the symbolic Saba Saba…

Africa News Now July 7, 2025