Economy Archives - Page 47 of 59

Mahama Penalizes Asset Declaration Defaulters, Redirects Salaries to Health Fund

President John Dramani Mahama has ordered that all government officials who failed to meet the 31 March asset declaration deadline will forfeit three months’ salary, with the funds redirected to…

Africa News Now May 5, 2025

ANN West Africa

President Boakai Relaunches Liberia’s Foreign Service Institute, Pledges Diplomatic Revival

Liberian President Joseph Boakai has pledged a renewed commitment to global diplomacy and national development, marking the occasion with the relaunch of the Gabriel Dennis Foreign Service Institute in Monrovia.…

Africa News Now May 5, 2025

ANN Northern Africa

Eight Migrants Dead, 29 Rescued After Boat Sinks Off Tunisia’s Coast Amid Growing Migration Crisis

Tunisia’s coast guard recovered the bodies of eight African migrants and rescued 29 survivors after their boat capsized off the coast near Abwabed, close to the city of Sfax, a…

Africa News Now April 29, 2025

ANN Central Africa

Chad and Cameroon Inaugurate $150 Million Bongor-Yagoua Bridge to Boost Regional Trade and Integration

On April 27, 2025, Chad and Cameroon officially commissioned a new 600-meter cross-border bridge linking the cities of Bongor (Chad) and Yagoua (Cameroon), in a landmark infrastructure development aimed at…

Africa News Now April 29, 2025

ANN West Africa

Senegal’s Diomaye Président Coalition Hails Court’s Rejection of Amnesty Law as Win for Democracy

The Diomaye Président coalition, which backed Bassirou Diomaye Faye’s successful 2024 presidential campaign, has welcomed the Senegalese Constitutional Council’s rejection of a controversial interpretative amnesty law that critics said could…

Africa News Now April 28, 2025

African Diaspora ANN Eastern Africa

Ethiopia Nears IMF Loan Review Agreement, Eyes Summer Start for Formal Debt Talks with Bondholders

Ethiopia expects to reach a preliminary agreement with the International Monetary Fund (IMF) this week on the third review of its $3.4 billion loan program, according to State Finance Minister…

Africa News Now April 28, 2025

ANN Southern Africa

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