Nigeria pins Africa’s industrial growth and energy access on gas development
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid
Global Finance
GUTA Urges Bank of Ghana to Fast-Track Single-Digit Interest Rates
GUTA has urged the Bank of Ghana to fast-track measures to bring commercial lending rates to single digits, following the recent policy rate cut to 15.5 percent. The move, the association says, would lower borrowing costs, expand credit access for traders and SMEs, and support business growth amid improving economic conditions.
UK Pledges $400 Million to Help Ethiopia Expand GERD-Linked Power Grid
Gridworks, a UK government-supported investor, will fund and develop around $400 million in electricity transmission projects in Ethiopia as the
India Tariff Slash: Trump Reduces Duties After Modi Halts Russian Oil Imports
President Donald Trump has announced a reduction in U.S. tariffs on Indian goods after Prime Minister Narendra Modi agreed to curb India’s purchases of Russian oil, signaling a shift in trade and energy ties between the two countries.
Zodiac Gold to Invest $6.1 Million in Exploration of Liberia’s Todi Gold Project
Canadian gold exploration firm Zodiac Gold Inc. has kicked off its 2026 exploration activities at the Todi Gold Project in Liberia, committing $6.1 million to drilling and trenching at the Ben Ben target.
Wall St mixed as markets assess commodity selloff, earnings
The S&P 500 and the Nasdaq seesawed between gains and losses on Monday, as markets absorbed a sharp selloff in
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Ghana Champions Global Call for $100bn Yearly Adaptation Finance
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.
Africa’s Largest Dam Positions Ethiopia as a Regional Powerhouse, Boosting Capacity to 9.6GW
Ethiopia’s Grand Ethiopian Renaissance Dam is reshaping the country’s energy and regional influence, boosting installed power capacity to 9.6 gigawatts and positioning Ethiopia as an emerging electricity hub in the Horn of Africa. Once mired in controversy, the project is now being framed by officials as a catalyst for industrial growth, regional power trade and long-term economic stability.
Secretary-General Warns UN on Brink of Financial Crisis Amid Unpaid Member Contributions
The United Nations is facing a serious financial crisis as many member states fail to pay their mandatory contributions, Secretary-General António Guterres has warned. He described the situation as deepening, threatening the delivery of programs, and cautioned that funds could run out by July if action is not taken.