Economy Archives - Page 2 of 50

Ghana Remains Africa’s Fourth Largest IMF Debtor Despite Improving Debt Outlook

Ghana has retained its position as the fourth-largest debtor to the International Monetary Fund (IMF) in Africa, with its outstanding obligations rising to Special Drawing Rights (SDR) 2.72 billion, equivalent…

Africa News Now May 18, 2026

ANN Eastern Africa

Dangote Expands Ethiopia Investment With $4 Billion Fertilizer Project Push

Nigerian billionaire industrialist Aliko Dangote has strengthened his company’s investment footprint in Ethiopia following a weekend visit focused on advancing a multi-billion-dollar fertilizer project in the country’s Somali region. The…

Africa News Now May 18, 2026

ANN Central Africa

Cameroon Uncovers Over 200 Illegal Gold Mining Firms in Smuggling Crackdown

The government of Cameroon says an investigation into the country’s gold sector has uncovered more than 200 illegal artisanal mining companies, the majority of them reportedly owned by foreign nationals.…

Africa News Now May 14, 2026

ANN Northern Africa

Middle East Conflict Threatens Tunisia’s Summer Tourism Recovery

Tunisia’s tourism sector is facing growing uncertainty ahead of the peak summer season as the ongoing conflict in the Middle East drives up fuel prices and travel costs, threatening visitor…

Africa News Now May 14, 2026

ANN West Africa

Nigerian Ex-Power Minister Saleh Mamman Sentenced to 75 Years for Corruption

A Federal High Court in Abuja has sentenced former Nigerian power minister Saleh Mamman to 75 years in prison after convicting him of laundering billions of naira linked to hydro-electric…

Africa News Now May 14, 2026

ANN Central Africa

Gabon Moves to Increase Control of Mining Sector with Planned Stake in Eramet

The Gabonese government has announced plans to acquire a stake in French mining company Eramet, as part of a broader strategy to strengthen national control over the country’s natural resources…

Africa News Now May 13, 2026

ANN West Africa

Burkina Faso Junta Suspends 247 More NGOs in Expanding Crackdown on Civil Society

Burkina Faso’s military government has suspended 247 additional civil society organizations, deepening an ongoing crackdown that has now affected more than 900 associations since April. The latest decree, announced on…

Africa News Now May 13, 2026

Central Africa

Republic of Congo Seeks New IMF Programme Amid Rising Debt and Oil Revenue Pressures

The Republic of Congo has formally requested negotiations with the International Monetary Fund (IMF) for a new economic and financial support programme as the country faces mounting debt pressures and…

Africa News Now May 12, 2026

ANN West Africa

Sierra Leone Opposition Raises Alarm Over Alleged Drug Trafficking Links After Major Cocaine Seizure

Sierra Leone’s main opposition leader, Abdulai Kargbo, has raised concerns over alleged connections between the country and international drug trafficking networks following the seizure of a massive cocaine shipment linked…

Africa News Now May 12, 2026

ANN Central Africa Eastern Africa

Uganda and DR Congo Sign Six New Agreements to Boost Trade and Security Cooperation

Uganda and the Democratic Republic of Congo have signed six new bilateral agreements aimed at strengthening cooperation in trade, security, tourism, and diplomacy as the two neighboring countries deepen regional…

Africa News Now May 12, 2026

ANN Eastern Africa

France and Kenya Push Africa-Europe Tech, Arts and Sports Partnerships at Nairobi Summit

French President Emmanuel Macron and Kenyan President William Ruto have called for stronger Africa-Europe cooperation in technology, arts, and sports, saying partnerships built around innovation and youth empowerment are key…

Africa News Now May 12, 2026