Economy Archives - Page 45 of 50

President Mahama Vows to Strengthen Ghana-Mali Trade Relations, Address Transportation Challenges

President John Dramani Mahama has reiterated his administration’s strong commitment to enhancing regional trade between Ghana and Mali by tackling the challenges impeding the smooth transportation of goods. This move…

Africa News Now March 9, 2025

ANN West Africa

Burkina Faso Secures 13 Billion FCFA for Agricultural Equipment to Boost Hydro-Agricultural Development

Burkina Faso’s transitional government has procured agricultural equipment valued at 13 billion FCFA to strengthen hydro-agricultural infrastructure, as part of its Presidential Initiative for Agricultural Production and the Agro-Pastoral Offensive.…

Africa News Now March 5, 2025

ANN Northern Africa

Libya to Open Bidding Round for Oil Exploration After 17-Year Pause Amid Ongoing Political Instability

Libya is preparing to hold its first oil exploration bidding round in nearly 17 years, a significant move aimed at revitalizing its oil sector. The announcement, made in a televised…

Africa News Now March 4, 2025

ANN Southern Africa

WFP Shuts Down Southern Africa Office Amid U.S. Foreign Aid Cuts

The United Nations World Food Programme (WFP) announced on Monday that it will be closing its southern African office due to severe financial constraints, a move that reflects broader shifts…

Africa News Now March 3, 2025

ANN Northern Africa

Tunisia’s Copper Craft Faces Decline as Ramadan Tradition Struggles to Survive

As Ramadan approaches in Tunisia, the tradition of polishing copper kitchen utensils to prepare for the holy month is alive in the ancient city of Kairouan, a hub renowned for…

Africa News Now March 3, 2025

ANN West Africa

Ivorian Customs Seize $19 Million Worth of Falsely Declared Cocoa Beans in Major Smuggling Bust

Ivorian customs officials have made a significant seizure at the Port of Abidjan, intercepting approximately 2,000 metric tons of falsely declared cocoa beans, valued at an estimated $19 million. The…

Africa News Now February 26, 2025

ANN West Africa

Mali Responds to U.S. Revocation of $14 Million Grant, Rejects Allegations of Aid Misuse

Mali's government has formally addressed the U.S. decision to revoke a $14 million grant (approximately 8.8 billion FCFA) originally allocated to support social cohesion and peacebuilding efforts within the country.…

Africa News Now February 26, 2025

ANN West Africa

Civil Society Group Opposes Turkish Takeover of Banjul Port, Calls Agreement Illegal

The Edward Francis Small Center for Rights and Justice (EFSCFRJ), a prominent civil society organization in The Gambia, has raised strong objections to the Turkish company Albayrak's takeover of the…

Africa News Now February 21, 2025

ANN West Africa

ECOWAS Launches Phase II of Free Movement and Migration Project in West Africa

The Economic Community of West African States (ECOWAS), in partnership with the International Organization for Migration (IOM), the International Labour Organization (ILO), and the International Centre for Migration Policy Development…

Africa News Now February 21, 2025

ANN Southern Africa

South Africa’s Budget Delay Sparks Market Turmoil Amid Coalition Disputes Over VAT Hike

South Africa's much-anticipated national budget presentation was unexpectedly postponed on Wednesday, marking an unprecedented delay in the post-apartheid era. National Assembly Speaker Thoko Didiza confirmed that such a postponement had…

Africa News Now February 19, 2025

ANN Central Africa Eastern Africa

African Leaders Approve New Financial Stability Mechanism to Aid Debt-Stricken Governments

Faced with escalating debt and billions of dollars in unmet funding requirements, African leaders have given the green light to the creation of a new financial facility designed to provide…

Africa News Now February 19, 2025