Africa - Page 12

Forex Crisis Costs Nigeria Over $500m Annually, Importers Warn

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

Nasiru Salami, the president of the Transborder Traders Association, voiced concerns about the impact of Nigeria’s forex policies on cross-border trade within Africa. Salami highlighted the challenges faced by small and medium

Emmanuel Ochayi

9 months ago

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business·Latest News·World News

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

The World Bank highlighted disparities in trade costs across African countries compared to the United States. According to the report, trade expenses in nations like Nigeria and Ethiopia are four to five

Emmanuel Ochayi

9 months ago

Africa·Business·Latest News

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Nigeria is gearing up to receive a significant financial injection of $1.05 billion from Afreximbank, set to be unleashed next month. This syndicated loan, intricately linked to the nation’s oil reserves, aims

Emmanuel Ochayi

9 months ago

Africa

Zimbabwe’s ZiG Currency To Go Into Circulation April 30

The Reserve Bank of Zimbabwe (RBZ) has announced the introduction of a new currency, Zimbabwe Gold (ZiG), which will replace the Zimbabwean Dollar.

John Adoyi

9 months ago

Kenya On The Risk Of Losing Billions To Its Financial System- United States Warns

Africa·Latest News·World News

Kenya At Risk Of Losing Billions To Its Financial System- United States Warns

The United States has issued a stark warning to Kenya, cautioning that its major financial system, the Integrated Financial Management Information System (Ifmis), is at risk of losing billions of shillings. According

Emmanuel Ochayi

9 months ago

Africa·Business·Latest News·World News

No Job For Millions Of Nigerian Graduates, Others- ECOWAS Bank President Urges Action To Tackle Youth Unemployment

George Agyekum Nana Donkor, the president of the ECOWAS Bank for Investment and Development, emphasized the pressing issue of youth unemployment in West Africa during the ECOWAS Investment Forum 2024 in Lomé,

Emmanuel Ochayi

9 months ago

Africa·Latest News·World News

Senegal’s New President Vows To Audit Nation’s Oil, Gas, Mining Sectors

Bassirou Diomaye Faye, Senegal’s newly elected President, has pledged to conduct an audit of the nation’s oil, gas, and mining sectors. The move comes as a follow-up to Faye’s campaign promise to

Emmanuel Ochayi

9 months ago

Africa·Currency·Latest News·World News

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Zimbabwe has taken a step towards stabilizing its currency woes by announcing the launch of a new currency called ZiG. The move, set to be implemented on April 8, 2024, aims to

Emmanuel Ochayi

9 months ago

After That Over-analysed Speech: What Tinubu Must Do Now

Africa

Tinubu Urges Strong Representation In ECOWAS Parliament For Unity In W’Africa

President Bola Tinubu has urged the member states of the Economic Community of West African States (ECOWAS) to come together, strengthen their ties, and oppose those who seek to create division within

Victor Ezeja

9 months ago

Africa·Business·Latest News

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

The African Development Bank (AfDB) has injected a financial boost into Nigeria’s agricultural sector through a $75 million loan agreement with Indorama Eleme Fertilizer and Chemicals Limited, as announced on Thursday. The

Emmanuel Ochayi

9 months ago

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Africa - Page 12

Forex Policies Hindering Intra-African Trade, Says Transborder Traders Association

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Zimbabwe’s ZiG Currency To Go Into Circulation April 30

Kenya At Risk Of Losing Billions To Its Financial System- United States Warns

No Job For Millions Of Nigerian Graduates, Others- ECOWAS Bank President Urges Action To Tackle Youth Unemployment

Senegal’s New President Vows To Audit Nation’s Oil, Gas, Mining Sectors

Zimbabwe Changes Currency To ZiG Amidst Currency Woes

Tinubu Urges Strong Representation In ECOWAS Parliament For Unity In W’Africa

AfDB Boosts Nigerian Fertilizer Industry With $75m Loan

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