African News

One week after the authorities of Nigeria Customs Service, following the directive of the Presidency, opened the Illela land border between Nigeria and Niger Republic, the government of Niger Republic on Friday opened…

South Africa’s consumer inflation increased for the second time in a row in February, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts.  …

Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister. According to Reuters,…

Paras Energy and Natural Resources Development Limited, one of the leading power solutions providers in Nigeria recently developed a rooftop based Solar PV Plant at Moundou, Republic of Chad for Solen Renewable…

A senior presidency official in Ghana has said the anti-LGBTQ bill passed by parliament in February will not be transmitted to President Akufo-Addo for assent until…

The largest commercial bank in Ethiopia, Commercial Bank of Ethiopia (CBE) recently lost millions of dollars when a technical glitch in its system allowed customers to withdraw more money than they had in their accounts.…

Niger’s government announced on Saturday that it was breaking off “with immediate effect” its military cooperation agreement with the United States. The declaration came just a day after a senior US delegation left Niger,…

Ghana High Commissioner to Nigeria, Ambassador Rawhide Bawa, has been confirmed dead. He was 65 years old. Politics Nigeria understands that Bawa died in Abuja, Nigeria’s capital city, on Thursday. His remains have…

The Paris Club of Creditors have reached an agreement with the government of Somalia that will result in the cancellation of up to $2 billion of the country’s debt- approximately 99% of the debt owed by the country to the…

Ghana risks long-term damage to its credibility as a borrower as the progress of restructuring discussions with foreign bondholders shows a government determined to play for…

The junta in Niger Republic is in a serious dilemma even as it has agreed to release the ousted president of the country, Mohamed Bazoum, and his wife, Khadija.  Multiple sources in Nigeria and the neighbouring Niger,…

The move to ensure that member states of the Economic Community of West African States (ECOWAS) adopt a common currency has suffered a major setback as none of the West African Monetary Zone (WAMZ) member states has met the…

Laurent Gbagbo, former president of Ivory Coast, has reportedly agreed to contest the country’s presidential election in 2025. The election is expected to be held in October 2025. Katinan Kone, spokesperson of the …

In a push for a fourth term in office as Rwandan president, Paul Kagame emerged as the presidential candidate of the ruling party, Patriotic Front Congress, ahead of the July election in the East African country. Mr…

The Economic Community of West African States (ECOWAS) has said it is involving third parties to resolve its differences with three “important members” – Mali, Burkina-Faso and Niger – who have indicated their interest in…

Egypt has been able to secure over $40 billion in investment deals from the United Arab Emirates (UAE) and International Monetary Fund (IMF) in just 10days after floating its currency and seeing it nosedive by 38%.   Late…

Nigeria may have put the cart before the horse with its floatation of the naira, but Egypt has made no such mistake. It was hardly a surprise when Egypt devalued its currency on Wednesday after over a year of a flawed peg to the dollar…

Egypt has successfully negotiated an expansion of its International Monetary Fund’s (IMF) bailout package to $8 billion, following the government’s bold decision to allow the Egyptian pound to plummet to an…

Egypt devalued its currency for the fourth time since early 2022, following a massive interest-rate hike by the central bank. The pound plunged about 26.5% to a record low of 42 per dollar as of 10:35 am in Cairo on…

A lawsuit against John Dramani Mahama, a former Ghanaian president and presidential contender, seeks to disqualify him from the 2024 ballot, alleging violation of the…

The Ghanian government is posed to lose the total of $3.8 billion in World Bank funding over a recent Anti-LGBTQ bill passed by its parliament last week.   The finance ministry of Ghana has appealed to the president to…

The Electricity Company of Ghana (ECG), a government-operated power provider, on Thursday temporarily disconnected electricity to the parliamentary complex to compel the legislative body to settle an outstanding debt of 23…

The United States has said it was “deeply troubled” by the passage of anti-LGBTQ legislation in Ghana’s parliament. According to Reuters, U.S. State Department in a statement on Wednesday also urged a review of the…

The Ghana Parliament has approved the bill regarding human sexual rights and family values, commonly referred to as the anti-LGBTQ bill. The bill, called the Promotion of Proper Human Sexual Rights and Ghanaian Family…