Economy Archives - Page 38 of 55

Ramaphosa Arrives in Canada for G7 Summit Amid Global Tensions

South African President Cyril Ramaphosa landed in Calgary on Sunday, where he was greeted by a welcome delegation ahead of the 2025 Group of Seven (G7) summit. The high-profile meeting…

Africa News Now June 16, 2025

ANN West Africa

Nigeria Enforces “Drill or Drop” Policy to Reclaim Idle Oil Licences and Boost Revenues

Nigeria’s government is cracking down on inactive oil and gas exploration licences in a bid to revitalize its petroleum sector, drive investment, and shore up public revenues. The Nigerian Upstream…

Africa News Now June 11, 2025

ANN West Africa

Ghana Signs $2 Billion Deal to Extend Jubilee, TEN Oil Fields Licenses Through 2040

Ghana has signed a landmark $2 billion memorandum of understanding (MoU) with a consortium of international and local partners to extend production licenses for its flagship Jubilee and TEN oil…

Africa News Now June 11, 2025

ANN West Africa

Gambia Denies Claims of Senegal Illegally Extracting Oil, Cites Lack of Commercial Discoveries

The Gambian government has firmly denied accusations that Senegal is illegally exploiting its oil and gas resources, stating that the country remains in the preliminary stages of exploration and has…

Africa News Now June 11, 2025

African Diaspora ANN Central Africa

China Reaffirms Support for Africa at Hunan Cooperation Forum

China’s Foreign Minister Wang Yi has reaffirmed Beijing’s commitment to deepening ties with Africa, pledging continued support for infrastructure, trade, and modernization projects across the continent. The announcement came during…

Africa News Now June 11, 2025

ANN Eastern Africa

Ethiopia Projects 8.9% Growth in 2025/26 Amid IMF Reforms and Economic Strains

Ethiopia’s Finance Minister Ahmed Shide told parliament this week that the country’s economy is expected to grow by 8.9% in the 2025/2026 fiscal year—an upward revision from the earlier 8.4%…

Africa News Now June 10, 2025

ANN Central Africa

Congo PM Makosso Begins Six-Day Visit to Senegal to Boost Bilateral Ties

Republic of Congo Prime Minister Anatole Collinet Makosso has arrived in Dakar for a six-day official visit, from June 10 to 15, aimed at deepening diplomatic, economic, and strategic cooperation…

Africa News Now June 10, 2025

ANN Central Africa Eastern Africa

UN Warns of Worsening Humanitarian Crisis in Central Africa Amid Sudan Conflict

As Sudan’s civil war enters its third year, the humanitarian crisis in Central Africa is deepening, with over 25 million people facing acute food insecurity, and more than 1.2 million…

Africa News Now June 10, 2025

ANN West Africa

Ghana Risks EU Fish Export Ban Over Illegal Fishing Concerns

Ghana could face a complete ban on fish exports to the European Union if it fails to urgently reform its fishing industry to tackle illegal, unreported, and unregulated (IUU) fishing.…

Africa News Now June 10, 2025

ANN West Africa

Cameroon Opposition Leader Maurice Kamto Claims House Arrest After Rally Sparks Political Tensions

Cameroonian opposition leader Maurice Kamto says he has been effectively placed under house arrest in Douala since returning from a political rally in France that angered the ruling party. Kamto,…

Africa News Now June 9, 2025

ANN Southern Africa

Botswana Diamond Giant Debswana Halts Mine Operations Amid Global Market Slump

Botswana’s largest diamond producer, Debswana, has suspended operations at several of its key mines due to a sharp and prolonged decline in global diamond demand. The company—a 50-50 joint venture…

Africa News Now June 6, 2025