Economy Archives - Page 44 of 55

Tanzania Lifts Agricultural Import Ban on Malawi and South Africa Following Diplomatic Talks

Tanzania has lifted its recently imposed ban on agricultural imports from Malawi and South Africa, the Tanzania Plant Health and Pesticides Authority (TPHPA) announced late Friday. The decision, effective immediately,…

Africa News Now April 28, 2025

ANN Eastern Africa

Kenya Set to Overtake Ethiopia as East Africa’s Top Economy by 2025, Says IMF

Kenya is poised to become East Africa’s largest economy by 2025, overtaking long-time rival Ethiopia, according to new projections by the International Monetary Fund (IMF). The IMF forecasts Kenya’s GDP…

Africa News Now April 25, 2025

African Diaspora ANN

Sub-Saharan Africa’s Economic Recovery Gains Momentum, But Inequality and Job Gaps Persist

Sub-Saharan Africa’s economy is rebounding steadily, with GDP growth projected to reach 3.5% in 2025 and 4.3% by 2027, according to the World Bank’s latest Africa’s Pulse report released this…

Africa News Now April 24, 2025

ANN Southern Africa

South Africa Scraps VAT Hike Amid Coalition Rift and Public Backlash

South Africa’s government has abandoned a controversial plan to raise the value-added tax (VAT) by 0.5 percentage points, a move that had threatened to fracture the country's fragile coalition government…

Africa News Now April 24, 2025

African Diaspora ANN Eastern Africa

Kenya Secures $1 Billion in New Chinese Investments to Boost Economy During Ruto’s State Visit

Kenyan President William Ruto has signed a landmark $1 billion investment agreement with China during a five-day state visit aimed at deepening economic and strategic ties between Nairobi and Beijing.…

Africa News Now April 24, 2025

ANN West Africa

Ghana to Launch Biometric e-Passports with Enhanced Security and Faster Services

The Government of Ghana will officially launch chip-embedded biometric passports on Monday, April 28, 2025, marking a major leap in passport security and service modernization. Foreign Affairs and Regional Integration…

Africa News Now April 23, 2025

ANN West Africa

Ghana’s President Suspends Chief Justice Torkornoo Amid Investigation into Conduct

Ghana's President, John Dramani Mahama, announced the suspension of Chief Justice Gertrude Araba Esaaba Sackey Torkornoo on April 22, following a preliminary investigation into allegations against her. The suspension comes…

Africa News Now April 22, 2025

ANN Eastern Africa

WFP Halts Aid to 650,000 Ethiopians as Funding Shortfall Threatens Millions

The World Food Programme (WFP) announced it will suspend critical food assistance for 650,000 malnourished women and children in Ethiopia starting in May due to a severe funding gap. The…

Africa News Now April 22, 2025

ANN West Africa

Ghana Removes Over 10,000 Illegal Settlers from Subri Forest Reserve to Restore Order and Safety

Over 10,000 illegal settlers have been forcibly removed from the Subri Forest Reserve in Ghana’s Western Region as part of a major operation to reclaim protected lands. Authorities revealed that…

Africa News Now April 21, 2025

ANN West Africa

Burkina Faso Seizes 133 Tons of Drugs in 2024, Prosecutes 522 Individuals

In 2024, Burkina Faso authorities have seized a total of 133 tons of drugs, marking a significant effort in the country's ongoing fight against drug trafficking. The announcement was made…

Africa News Now April 18, 2025

ANN Southern Africa West Africa

Ghana Reclaims Control of Damang Gold Mine as Lease with Abosso Goldfields Expires

The Government of Ghana has formally taken over operations of the Damang Gold Mine in the Western Region, following its decision not to renew the 30-year mining lease granted to…

Africa News Now April 18, 2025