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World Bank Lifts Loan Ban on Uganda Despite Controversial Anti-LGBTQ Law
Posted inANN Eastern Africa

World Bank Lifts Loan Ban on Uganda Despite Controversial Anti-LGBTQ Law

The World Bank has officially resumed lending to Uganda, ending a nearly two-year suspension prompted by the country’s enactment of one of the world’s harshest anti-LGBTQ laws in 2023. The…
Posted by Africa News Now June 5, 2025
Nigeria Seeks $21.5 Billion in Foreign Loans to Fund 2025–2026 Budget and Economic Reforms
Posted inANN West Africa

Nigeria Seeks $21.5 Billion in Foreign Loans to Fund 2025–2026 Budget and Economic Reforms

The Nigerian government has submitted a proposal to borrow over $21.5 billion from foreign and domestic sources as part of its 2025–2026 Medium-Term Borrowing Plan, aimed at addressing fiscal deficits,…
Posted by Africa News Now May 28, 2025
Senegal to Launch Major Phosphate Hub in Matam to Boost Agriculture, Industry, and Jobs
Posted inANN West Africa

Senegal to Launch Major Phosphate Hub in Matam to Boost Agriculture, Industry, and Jobs

Senegal is preparing to launch a major phosphate processing complex in the northeastern region of Matam, a move aimed at accelerating agricultural self-sufficiency, industrialization, and youth employment. The announcement was…
Posted by Africa News Now May 19, 2025
Sub-Saharan Africa’s Economic Recovery Gains Momentum, But Inequality and Job Gaps Persist
Posted inAfrican 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…
Posted by Africa News Now April 24, 2025

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