Economy Archives - Page 50 of 59

Burkina Faso Reaffirms Partnership with World Bank to Tackle Development, Security Challenges

Burkina Faso’s Prime Minister Jean Emmanuel Ouédraogo has reiterated his government’s strong commitment to deepening collaboration with the World Bank to address the country’s pressing development and security challenges. The…

Africa News Now April 7, 2025

African Diaspora ANN Southern Africa

Mnangagwa Lifts U.S. Import Tariffs Amid Rising Trade Tensions With Washington

Zimbabwean President Emmerson Mnangagwa announced the suspension of all import tariffs on goods originating from the United States, in what he described as a diplomatic gesture aimed at fostering improved…

Africa News Now April 7, 2025

ANN Northern Africa West Africa

Mali Denies Drone Violation of Algerian Airspace Amid Conflicting Claims

The Malian military has denied accusations that one of its drones violated Algerian airspace, following reports that an unmanned aircraft crashed in the Tinzouatène region, near the Algeria-Mali border. In…

Africa News Now April 3, 2025

ANN West Africa

Mali Raises 43 Billion CFA on WAEMU Market, Exceeding Target Amid Strong Investor Confidence

Mali's transitional government successfully raised 43 billion CFA francs ($71 million) on the West African Economic and Monetary Union (WAEMU) financial market, surpassing its initial target of 40 billion CFA…

Africa News Now April 3, 2025

ANN West Africa

Nigeria Secures $1.08 Billion World Bank Loan to Strengthen Economy, Education, and Nutrition

Nigeria has secured $1.08 billion in concessional financing from the World Bank to support economic resilience, expand access to education, and improve nutrition for vulnerable communities, the global lender announced.…

Africa News Now April 3, 2025

ANN Southern Africa

EFF Seeks to Block South Africa’s Budget Vote, Threatens Legal Action

South Africa’s opposition party, the Economic Freedom Fighters (EFF), has formally requested that Parliament’s Speaker, Thoko Didiza, halt Wednesday’s scheduled vote on the next stage of the national budget process.…

Africa News Now April 2, 2025

ANN West Africa

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