UN Warns of Hunger Crisis Affecting Nearly 55 Million in West and Central Africa
United Nations agencies have issued a joint statement cautioning that nearly 55 million people in West and Central Africa will
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African Commodities
African Commodities news Ghana
Zimbabwe’s New Currency ZiG Hits Market Amid Lingering Credibility Concerns
Zimbabwe’s latest attempt at revamping its currency system commenced trading on Monday, as the nation unveiled its third gold-backed currency
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Inflation Resilient to Monetary Tightening Without Supply-Side Fixes in Nigeria – KPMG
In its latest Flashnotes publication, KPMG Nigeria underscores the importance of addressing underlying supply-side constraints to effectively combat inflation amidst
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Ghana Gov’t Removes Fuel Levy, Bringing Relief at Pumps Effective April 1st
The Ministry of Finance, acting through the Ministry of Energy, has issued a directive to the National Petroleum Authority (NPA)
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AfDB President Urges African Nations to Cease Natural Resource-Backed Loans
The President of the African Development Bank has emphasized the importance for African nations to halt the practice of securing
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Cedi Stabilizes After Weeks of Turbulence
Following weeks of sustained depreciation, the cedi has shown signs of recovery against some major trading counterparts in the past
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Ugandans turning banana wastes into useful fibres
Ugandan startup TEXFAD is turning banana stems into biodegradable handicrafts, a new idea in the East African country that is
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Niger to pump more crude as pipeline works accelerate
Masked and helmeted Chinese and Nigerian workers hoist giant steel pipes over mounds of earth. Farther away, smoke billows from
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Africa and the Caribbean to strengthen trade and investment ties-Muchanga
Albert Muchanga, African Union Commissioner for Economic Development, Trade, Tourism, Industry and Minerals has hinted that Africa and the Caribbean
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Electricity update: Nigeria’s energy generation rises to 89,648MWh
Nigeria generated a total of 89,648.54MWh on Monday, 23rd May 2022, representing a 5.2% increase compared to the 85,209.68MWh generated
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Senegal announces record seizure of fake drugs
The Senegalese customs authorities have seized hundreds of boxes of fake medicines worth an estimated 1.7 million euros in the
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Fidelity Bank Plc approves dividend payment of N10.14 billion for FY 2021
Fidelity Bank Plc has approved a dividend of 35 kobo to be paid to its shareholders for the full-year period
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Electricity update: Nigeria’s power generation falls to 87.8kMWh
Nigeria’s power generation fell marginally on Sunday by 0.3% to 87.8kMWh from 88.1kMWh recorded in the previous day, Saturday 7th
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Egypt hikes Suez Canal transit fees for vessels
Egypt said Tuesday it will increase transit fees for vessels, including oil-laden tankers, passing through Suez Canal, one of the
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New terminal opens at Lagos’ international airport
Nigeria’s President Muhammadu Buhari has opened a new terminal building at Lagos’ main international airport that has the capacity to
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These are the 10 African countries with the highest petrol prices
Across Africa, petrol prices are soaring. This problem has worsened by a number of factors, including the increasing scarcity of
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Gov’t banned Shisha smoking in Cameroon
Cameroon is the latest African country after Kenya, the Gambia, Tanzania, Rwanda, and Ghana to ban the smoking of Shish
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Algeria bans export of food
Algeria’s president Abdelmadjid Tebboune ordered on Sunday “the banning of exports of all consumer products that Algeria imports, such as
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Egypt to diversify its sources of wheat
Egypt’s Prime Minister announced the country is to diversify its sources of wheat to avoid relying on what he described
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Youth Unemployment and Poverty: Major Triggers of Conflicts in Africa
Senior Advisor to the President of Ghana, Yaw Osafo Marfo has counseled African leaders to tackle youth unemployment and rising
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