Economy Archives - Page 44 of 59

Ghana Unveils 24-Hour Economy Plan, With Volta Lake Set for Economic Transformation

President John Dramani Mahama has confirmed the imminent launch of Ghana’s 24-Hour Economy Initiative, a nationwide policy aimed at expanding economic output, creating jobs, and fostering inclusive development across all…

Africa News Now May 28, 2025

ANN West Africa

Burkina Faso Uncovers $5.7M Customs Fraud Involving 219 Vehicles and Fake Companies

Burkina Faso’s Customs Department has dismantled a major customs fraud ring involving over 3.5 billion CFA francs ($5.7 million) in illicit activities, authorities announced on May 27, 2025. The scheme,…

Africa News Now May 28, 2025

ANN West Africa

Nigeria Seeks $21.5 Billion in Foreign Loans to Fund 2025–2026 Budget and Economic Reforms

The Nigerian government has submitted a proposal to borrow over $21.5 billion from foreign and domestic sources as part of its 2025–2026 Medium-Term Borrowing Plan, aimed at addressing fiscal deficits,…

Africa News Now May 28, 2025

African Diaspora ANN Southern Africa

South Africa Proposes LNG-for-Tariff Relief Deal to Boost U.S. Trade and Protect Auto Sector

South Africa has proposed a strategic trade deal to the United States that would see Pretoria import 75–100 petajoules of liquefied natural gas (LNG) annually over the next decade in…

Africa News Now May 28, 2025

ANN West Africa

Nigeria Seizes ₦6.5 Billion Worth of Illicit Drugs in Multi-State Crackdown, Arrests Two British Nationals

The National Drug Law Enforcement Agency (NDLEA) of Nigeria has seized over six million opioid pills and hundreds of thousands of bottles of codeine syrup, valued at ₦6.5 billion (approx.…

Africa News Now May 26, 2025

ANN Central Africa Eastern Africa

EU and AU Pledge Deeper Strategic Cooperation Amid Global Crises and Shifting Alliances

Foreign ministers from the European Union (EU) and African Union (AU) reaffirmed their commitment to enhanced cooperation on peace, security, economic development, and multilateral reform during the third EU-AU Ministerial…

Africa News Now May 22, 2025

ANN West Africa

Senegal Signs €2 Billion Development Pact with Islamic Trade Finance Body to Boost Key Sectors

The Government of Senegal has signed a landmark €2 billion framework agreement with the International Islamic Trade Finance Corporation (ITFC) to drive investment in energy, agriculture, healthcare, and private sector…

Africa News Now May 22, 2025

ANN West Africa

Nigerien Teachers Stage 72-Hour Nationwide Strike Over Pay, Safety, and Contract Terms

Teachers across Niger’s public primary and secondary schools launched a 72-hour nationwide strike on Wednesday, May 21, 2025, demanding improved salaries, job security, and better working conditions, particularly for those…

Africa News Now May 22, 2025

Eastern Africa

Tanzania Restricts Access to X After Cyberattacks and Rising Political Tensions

Access to the social media platform X (formerly Twitter) has been restricted across Tanzania following a series of cyberattacks on official government and institutional accounts. The clampdown coincides with political…

Africa News Now May 21, 2025

African Diaspora ANN Central Africa

China to Deepen Investment in Africa, Focus on SMEs and Industrial Cooperation

China’s Ministry of Commerce has reaffirmed its commitment to expanding economic engagement with Africa, with plans to boost corporate investment—particularly in infrastructure, manufacturing, and energy—and enhance cooperation among small and…

Africa News Now May 21, 2025

ANN West Africa

Senegal’s PM Ousmane Sonko Calls for ECOWAS-AES Reconciliation Amid Regional Tensions

Senegalese Prime Minister Ousmane Sonko has urged a return to dialogue and regional unity between the Economic Community of West African States (ECOWAS) and the Confederation of Sahel States (AES),…

Africa News Now May 21, 2025