Economy Archives - Page 47 of 55

Togo Suspends Shea Nut and Almond Exports to Boost Local Processing Industry

The Togolese government has announced an immediate suspension of shea nut and almond exports in a bid to support domestic processing industries and enhance value addition within the country. In…

Africa News Now April 1, 2025

ANN West Africa

Sahel Alliance Imposes Import Levy to Fund Economic Independence After ECOWAS Exit

Mali, Burkina Faso, and Niger have announced a 0.5% import levy on goods entering their territories, marking a significant step in financing their newly formed economic and military bloc, the…

Africa News Now March 31, 2025

ANN Northern Africa

Tunisia’s Economic Crisis Makes Snails a Ramadan Staple as Meat Prices Soar

In the heart of Tunisia, restaurant owner Wahida Dridi is busy preparing iftar, the meal that breaks the daily fast during Ramadan. Instead of the usual red meat dishes, she…

Africa News Now March 28, 2025

African Diaspora ANN Northern Africa

Algerian Court Sentences 80-Year-Old Writer Boualem Sansal to Five Years, Escalating Diplomatic Tensions

An Algerian court has sentenced Boualem Sansal, an 80-year-old French-Algerian writer, to five years in prison on charges of undermining the country’s territorial integrity. The verdict, delivered on Wednesday, has…

Africa News Now March 27, 2025

ANN West Africa

Burkina Faso Secures 35 Billion CFA in Oversubscribed UMOA-Titres Debt Issuance

Burkina Faso has successfully raised 35 billion CFA francs ($58 million) through a financing operation conducted via the UMOA-Titres Agency, achieving an impressive coverage rate of 130.04%. The oversubscribed debt…

Africa News Now March 27, 2025

ANN Eastern Africa

Ethiopia’s PM Abiy Ahmed Seeks Public Nomination for Tigray Leader Amid Deepening Political Rift

Ethiopia’s Prime Minister Abiy Ahmed has called on residents of the northern Tigray region to nominate a new leader to replace interim President Getachew Reda, in a bid to defuse…

Africa News Now March 27, 2025

ANN West Africa

Niger’s Junta Leader Abdourahamane Tchiani Sworn in as President, Extends Transition Period to 2030

Niger’s junta leader, Abdourahamane Tchiani, was officially sworn in as the country’s transitional president on Wednesday, marking the beginning of a five-year transition period that effectively prolongs military rule until…

Africa News Now March 26, 2025

ANN Eastern Africa

Burundi Faces Food Crisis as Refugee Influx from DRC Overwhelms WFP Aid Programs

The World Food Programme (WFP) is facing a severe strain on its food assistance operations in Burundi as the country experiences its largest refugee influx in decades. Since January 2025,…

Africa News Now March 25, 2025

ANN West Africa

IMF Suspends $1.8 Billion Credit Facility to Senegal Over Misreported Debt Figures

The International Monetary Fund (IMF) has suspended its $1.8 billion Extended Credit Facility (ECF) to Senegal, citing concerns over misreported economic data under the administration of former President Macky Sall.…

Africa News Now March 25, 2025

ANN West Africa

ECOWAS Aims for 10 Million Intra-Regional Tourists by 2029, Strengthens Free Movement and Tourism Policies

The Economic Community of West African States (ECOWAS) has set an ambitious target of attracting 10 million intra-community tourists by 2029 under its Regional Tourism Policy (ECOTOUR 2021–2030). In a…

Africa News Now March 25, 2025

ANN Southern Africa

Bitcoin Meets the Zambezi: How a Remote Zambian Hydro Plant Powers Cryptocurrency Mining

The thundering roar of the Zambezi River echoes through the lush bushland of northern Zambia, where millions of gallons of water crash over ancient rock formations. But amidst the natural…

Africa News Now March 25, 2025