Economy Archives - Page 49 of 55

Alliance of Sahel States Advances Regional Integration with Key Economic and Infrastructure Initiatives

The Alliance of Sahel States (AES) has made substantial progress in enhancing regional cooperation, with a strong focus on economic integration, infrastructure development, and strategic defense initiatives. During a high-level…

Africa News Now March 17, 2025

African Diaspora ANN Southern Africa

South Africa Responds to US Expulsion of Ambassador, Opposition Urges President to Resist US Pressure

Tensions between South Africa and the United States have escalated following the expulsion of South African Ambassador Ebrahim Rasool from Washington. The US State Department declared Rasool an "unwelcome person,"…

Africa News Now March 17, 2025

ANN Central Africa Eastern Africa

Africa’s Economic Growth Projected at 3.8% in 2025 and 4.1% in 2026, UNECA Report Highlights Key Challenges

Africa’s Gross Domestic Product (GDP) is projected to grow by 3.8% in 2025 and 4.1% in 2026, according to the latest report released by the United Nations Economic Commission for…

Africa News Now March 13, 2025

African Diaspora ANN West Africa

Nigeria’s House of Representatives Moves to Strengthen Economic Ties with China

The Nigerian House of Representatives has initiated efforts to address challenges hindering investment and economic cooperation between Nigeria and China. At a high-profile event in Abuja, Jafaru Yakubu, the Chairman…

Africa News Now March 13, 2025

ANN Southern Africa

EU-South Africa Summit Focuses on Strengthening Trade and Diplomatic Ties Amid U.S. Tensions

Senior European Union (EU) officials gathered in South Africa for a crucial summit with President Cyril Ramaphosa on Thursday, marking the first EU-South Africa summit since 2018. The summit, which…

Africa News Now March 13, 2025

ANN West Africa

Niger Faces Severe Fuel Shortage Amid Increased Demand and Supply Issues

For nearly a week, Niger has been grappling with an unprecedented fuel shortage that has left service stations unable to meet local demand, causing long queues of cars and motorbikes.…

Africa News Now March 13, 2025

ANN Southern Africa

South Africa’s Budget Proposal Faces Divisions Over VAT Increase

South Africa's finance minister, Enoch Godongwana, presented the highly anticipated 2025/26 national budget on Wednesday, weeks after its original due date. The budget includes key proposals aimed at boosting the…

Africa News Now March 13, 2025

ANN West Africa

Mali Suspends Salaries of 151 Teachers Amid Ongoing Education Crisis

Authorities in northern Mali have announced the suspension of salaries for 151 teachers who have been absent from their posts for extended periods due to ongoing insecurity in the region.…

Africa News Now March 12, 2025

African Diaspora ANN Northern Africa

IMF Approves $1.2 Billion Disbursement for Egypt Following Economic Reform Review

The International Monetary Fund (IMF) announced on Tuesday that it had completed its fourth review of Egypt’s ongoing economic reform program, approving a $1.2 billion disbursement to support the country’s…

Africa News Now March 12, 2025

ANN West Africa

World Bank Urges Liberia to Enact Reforms to Unlock Economic Growth and Achieve Long-Term Prosperity

The World Bank has called on Liberia to implement a series of institutional and political reforms to unlock the country's full economic potential and secure long-term prosperity. In its most…

Africa News Now March 12, 2025

ANN West Africa

Ghana’s 2025 Budget Allocates GH¢43.3 Billion to Key Sectors for Economic Growth and Social Welfare

Ghana's Finance Minister, Dr. Cassiel Ato Forson, has unveiled the financial allocations for the country’s 2025 budget, focusing on critical sectors such as education, infrastructure, social protection, and disaster relief,…

Africa News Now March 11, 2025