Economy Archives - Page 42 of 59

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

ANN Central Africa Eastern Africa

Chad Suspends Visas for U.S. Citizens in Response to Expanded U.S. Travel Ban

Chad has announced an immediate suspension of all visas for U.S. citizens, citing reciprocity after the country was included in a new travel ban issued by U.S. President Donald Trump.…

Africa News Now June 5, 2025

ANN Eastern Africa

World Bank Lifts Loan Ban on Uganda Despite Controversial Anti-LGBTQ Law

The World Bank has officially resumed lending to Uganda, ending a nearly two-year suspension prompted by the country’s enactment of one of the world’s harshest anti-LGBTQ laws in 2023. The…

Africa News Now June 5, 2025

ANN West Africa

Côte d’Ivoire Approves $112 Million Loan for Cross-Border Power Grid with Ghana

The Ivorian government has approved a loan of 68 billion CFA francs (approximately $112 million USD) to kickstart the first phase of a major cross-border electricity interconnection project with Ghana.…

Africa News Now June 5, 2025

ANN West Africa

Ghana Widens Manhunt After $350M Cocaine Haul Confirmed in Record Drug Bust

Ghanaian authorities have intensified a nationwide manhunt after confirming the country’s largest cocaine seizure in 2025. The National Intelligence Bureau (NIB) has declared three more individuals wanted — Kelian Julien…

Africa News Now June 5, 2025

ANN West Africa

Sahel Faces Deepening Humanitarian Crisis as 29 Million Need Aid in 2025

Nearly 29 million people across six Sahel countries will need urgent humanitarian assistance and protection in 2025, according to a new report from the UN Office for the Coordination of…

Africa News Now June 5, 2025