Senegal’s removal from dirty money list to boost investor confidence
Senegal has officially been removed from the Financial Action Task Force's (FATF) "grey list" – a global financial watchdog of countries under heightened scrutiny for insufficient controls against money laundering…
Africa pushes for $120 billion to fight poverty
After the World Bank and its donors announced that they would replenish the International Development Association (IDA) with US$105 billion and implement extensive financial architecture reforms, Africa is pushing for…
Dangote to boost CNG initiative with ₦460 billion investment
Dangote Cement Plc has committed over $280 million (₦460 billion) toward acquiring CNG-powered trucks and infrastructure, demonstrating its support for President Bola Ahmed Tinubu’s CNG Initiative.The investment demonstrates its ambition…
IMF calls for African oil exporters’ reforms to boost ‘subdued’ growth
Abebe Aemro Selassie, Director of the International Monetary Fund for Africa, has stated that countries in Sub-Saharan Africa that rely on commodity exports need to reform their economies to address…
Nigeria targets more diaspora remittances with new bond
Nigeria is considering the issuance of a US diaspora bond next year to raise the country's monthly diaspora remittances. The Central Bank of Nigeria Governor Olayemi Cardoso said this on…
World Bank Commits to Boosting Economic Opportunities for Women
The World Bank Group has launched its Gender Strategy 2030, with the aim of enhancing economic opportunities for women by expanding broadband access, social protection, and capital access. Unveiled at…
KRA to track mobile phones in new tax-compliance push
The Kenya Revenue Authority (KRA), in collaboration with the Kenya Communications Authority (CA), will monitor all mobile or local collectors from January 1, 2025, to ensure that taxes are paid…
U.S. approves $458 million grant to boost Zambia’s agriculture growth
The United States has approved a $458 million grant under the Millennium Challenge Corporation (MCC) to support Zambia’s agricultural sector through the Farm-to-Market Compact. This initiative complements the U.S. government’s…
South Africa seeks strengthened currency with more reforms
South Africa's rand has room to strengthen further if the Pretoria government presses for reforms and prudence, South African Reserve Bank Governor Lesetja Kganyago said.The currency of Africa's largest economy…
How to solve Africa’s cost of living Crisis
The cost of living has consistently increased over the years, deepening poverty across the African continent. Globally, rising fuel, food, and other commodity prices are stoking inflation, but the African…
