Trump’s second coming and its implication for Nigeria’s economy
Donald Trump is set to return to the White House as the 47th President of the United States after initially losing his reelection bid as a sitting President back in…
Kenya revives its sugar board to support struggling sector
The government has supported the Kenya Sugar Board by approving Bill 2022 to inject significant energy into the ailing sector. The Ministry of Agriculture and Food assumed this responsibility by…
Long term government securities attract more investors amid soaring inflation
The Central bank of Nigeria says long term government securities are attracting more investors than short term ones. The bank in its second quarter economic report noted a strong preference…
Tanzania to increase food exports after 128% sufficiency rate
Tanzania has achieved 128% food security, enabling it to export agricultural products to neighbouring countries. Tanzania has gained new importance by becoming a rare fruit producer and exporter among African…
Somalia reaches $1.14 billion debt relief agreement with the US
The United States has forgiven $1.14 billion of Somalia’s debt in a bilateral agreement aimed at supporting Somalia's economic stability. The debt forgiveness deal was formalized in Mogadishu on Tuesday,…
Gambia to tackle economic issues with new IMF loan
The International Monetary Fund (IMF) has reached a staff agreement to provide $11.04 million to The Gambia, as approved by the IMF Executive Board.This will bring the total IMF support…
Nigeria to launch single-digit interest loans for SMEs by 2025
In an effort to foster an enabling environment for small enterprises across the country, the Federal Government of Nigeria has pledged to offer single-digit interest rate loans for SMEs by…
Mobily, Telecom Egypt Plan First Saudi-Egypt Submarine Cable
Saudi Arabia’s telecommunications company, Mobily, has partnered with Telecom Egypt to establish the first submarine cable connecting the two nations across the Red Sea.This landmark collaboration marks the installation of…
Nigeria pledges quick implementation of AFCFTA deal
Nigeria has pledged to ensure a quick implementation of the African Continental Free Trade Agree, AFCFTA. The assurance was given by newly appointed Trade Minister, Mrs Jumoke Oduwole shortly after…
Nigeria-Morocco gas pipeline to transform Africa’s energy landscape
Nigeria, Morocco, and the Economic Community of West African States (ECOWAS) are making significant headway on the ambitious $26 billion African Atlantic Gas Pipeline (AAGP). Spanning 6,800 kilometers, this project…
