Economy Archives - Page 51 of 55

Mali Responds to U.S. Revocation of $14 Million Grant, Rejects Allegations of Aid Misuse

Mali's government has formally addressed the U.S. decision to revoke a $14 million grant (approximately 8.8 billion FCFA) originally allocated to support social cohesion and peacebuilding efforts within the country.…

Africa News Now February 26, 2025

ANN West Africa

Civil Society Group Opposes Turkish Takeover of Banjul Port, Calls Agreement Illegal

The Edward Francis Small Center for Rights and Justice (EFSCFRJ), a prominent civil society organization in The Gambia, has raised strong objections to the Turkish company Albayrak's takeover of the…

Africa News Now February 21, 2025

ANN West Africa

ECOWAS Launches Phase II of Free Movement and Migration Project in West Africa

The Economic Community of West African States (ECOWAS), in partnership with the International Organization for Migration (IOM), the International Labour Organization (ILO), and the International Centre for Migration Policy Development…

Africa News Now February 21, 2025

ANN Southern Africa

South Africa’s Budget Delay Sparks Market Turmoil Amid Coalition Disputes Over VAT Hike

South Africa's much-anticipated national budget presentation was unexpectedly postponed on Wednesday, marking an unprecedented delay in the post-apartheid era. National Assembly Speaker Thoko Didiza confirmed that such a postponement had…

Africa News Now February 19, 2025

ANN Central Africa Eastern Africa

African Leaders Approve New Financial Stability Mechanism to Aid Debt-Stricken Governments

Faced with escalating debt and billions of dollars in unmet funding requirements, African leaders have given the green light to the creation of a new financial facility designed to provide…

Africa News Now February 19, 2025

ANN West Africa

Ghana to Honor GH₵6 Billion Payment to Domestic Debt Exchange Bondholders, President Mahama Reaffirms Commitment

President John Mahama has directed Ghana’s Ministry of Finance to make a GH₵6 billion ($391 million) cash coupon payment to bondholders participating in the Domestic Debt Exchange Programme (DDEP). This…

Africa News Now February 18, 2025

ANN West Africa

Swedish Ambassador Karl Backéus Envisions Shift from Aid to Trade and Investment in Liberia

The Swedish Ambassador to Liberia, Karl Backéus, has revealed a new vision to transform the long-standing relationship between Liberia and Sweden, moving from aid dependency to a more sustainable partnership…

Africa News Now February 18, 2025

ANN Northern Africa West Africa

French Culture Minister Rachida Dati Strengthens Cultural Ties with Morocco Amid Controversial Western Sahara Visit

French Culture Minister Rachida Dati visited Morocco on Monday, with a significant stop in the disputed region of Western Sahara, to reinforce cultural relations between France and Morocco. Accompanied by…

Africa News Now February 18, 2025

ANN West Africa

Côte d’Ivoire Launches Seminar on National Development Plan 2026-2030, Aiming for Upper-Middle-Income Status by 2030

Côte d’Ivoire’s governmental seminar on the National Development Plan (NDP) for the period 2026-2030 commenced on Monday, February 17, 2025, in Abidjan. The event, a significant step in the country’s…

Africa News Now February 18, 2025

ANN West Africa

Senegal’s President Faye Pledges Economic Reforms Amid Rising Public Debt

Senegal’s newly elected President, Bassirou Diomaye Faye, has vowed to address the country’s growing economic concerns following the release of a comprehensive report by the Court of Auditors. The 57-page…

Africa News Now February 17, 2025

ANN Eastern Africa

Former Mauritius Prime Minister Pravind Jugnauth Arrested on Money Laundering Charges

Former Prime Minister of Mauritius, Pravind Jugnauth, was arrested early on Sunday on charges of money laundering, according to the state-run Financial Crimes Commission (FCC). The arrest follows a series…

Africa News Now February 17, 2025