Economy Archives - Page 45 of 55

IMF Approves $129 Million Emergency Support for Mali Following 2024 Flood Disaster

The International Monetary Fund (IMF) has approved a $129 million disbursement to Mali under its Rapid Credit Facility (RCF), aimed at addressing the country’s urgent economic and humanitarian needs following…

Africa News Now April 17, 2025

ANN West Africa

Sierra Leone Launches Bold Five-Year National Inclusion Strategy with UN and Indian Support

The Sierra Leonean government has unveiled a comprehensive five-year national strategy aimed at fostering social inclusion, protecting vulnerable populations, and strengthening national unity. Announced on Tuesday by Minister of Social…

Africa News Now April 17, 2025

ANN West Africa

Nigeria and Niger Resume Diplomatic Ties, Focus on Security and Trade

Nigeria and Niger have officially resumed diplomatic dialogue following a breakdown in relations after Niger’s 2023 military coup. At a high-level meeting in Abuja on Wednesday, Nigeria’s Foreign Minister Yusuf…

Africa News Now April 17, 2025

ANN Northern Africa

Egypt’s Suez Canal Revenue Plunges Nearly 60% Amid Regional Conflict and Red Sea Attacks

Egypt’s Suez Canal, a critical artery for global maritime trade, saw its revenues plummet by nearly 61% in 2024, with officials attributing the sharp drop to ongoing regional instability and…

Africa News Now April 17, 2025

ANN Central Africa West Africa

IMF Reaches Agreement with Ghana on Fourth Review, Paving Way for $370 Million Disbursement

The International Monetary Fund (IMF) has reached a staff-level agreement with Ghana on the fourth review of its $3 billion Extended Credit Facility (ECF) program. If approved by the IMF…

Africa News Now April 16, 2025

ANN West Africa

BCEAO Ends Special Status for Niger Government Bonds Amid Signs of Financial Stability

The Central Bank of West African States (BCEAO) has officially revoked the special regulatory treatment previously granted to Nigerien government securities. Effective April 3, 2025, these securities will now be…

Africa News Now April 16, 2025

ANN West Africa

Ghana Bans Foreigners from Local Gold Trade with the establishment of the Ghana Gold Board

Ghana has officially banned all foreign nationals from trading in its local gold market, a move aimed at boosting national revenue, curbing illegal mining, and bringing greater regulation to one…

Africa News Now April 16, 2025

ANN West Africa

IMF Approves $143M for Benin Amid Strong Economic Growth and Reform Milestones

The International Monetary Fund (IMF) has approved a $143 million disbursement (approx. 82.52 billion CFA francs) to Benin under its Extended Fund Facility (EFF), Extended Credit Facility (ECF), and Resilience…

Africa News Now April 15, 2025

African Diaspora ANN Northern Africa

Egypt Urges Greater EU Investment Amid Migration Pressures and Aid Shortfall

At the second ministerial meeting of the EU-Horn of Africa Migration Route Initiative—also known as the Khartoum Process—held this week, Egypt’s Foreign Minister Badr Abdelatty appealed for increased European support…

Africa News Now April 10, 2025

African Diaspora ANN Central Africa

U.S. Reaffirms Commitment to East Africa Peace Amid Escalating Congo Conflict

Senior U.S. presidential adviser Massad Boulos, representing President Donald Trump, reaffirmed Washington’s commitment to peace and regional stability during a diplomatic visit to Rwanda on Tuesday, amid heightened conflict in…

Africa News Now April 9, 2025

ANN West Africa

Mali Hosts European Envoys Amid Diplomatic Reset and Regional Shifts

The Malian government on Tuesday held high-level talks in Bamako with diplomatic envoys from Belgium, the Netherlands, Luxembourg, and Germany, marking a renewed effort to redefine its relationship with European…

Africa News Now April 9, 2025