The World Bank’s Board of Executive Directors has approved an International Development Association (IDA) grant amounting to US$150 million as a Second Additional Financing (AF2) for the Yemen Emergency Human Capital Project (YEHCP). This crucial financing is set to continue […]
Gold edged lower on Monday after eking out a narrow gain last week, as investors assessed the U.S. Federal Reserve officials’ decision to flag further interest rate hikes ahead of a consumer inflation print later this week. Spot gold was […]
The Ghanaian government has filed for bankruptcy after failing to pay billions of dollars it owed to international creditors in December. According to a report by The New York Times, President Nana Akufo-Addo’s administration “had no choice but to agree […]
In August 2023, Nigeria’s earnings from the export of crude oil (excluding condensates) grew by N188.7 billion as a result of a slight rise in production of the commodity by both foreign and domestic sector players. Oil output from Nigeria […]
In a historic moment during the recent G20 Summit held in India from September 9th-10th, 2023, the African Union (AU) secured its place as the newest member of the G20, an exclusive group comprising the world’s 20 largest economies. This […]
The U.S. Chamber of Commerce is organising a record number of meetings and events on the sidelines of the 78th session of the UN General Assembly (UNGA) to help foster public-private collaboration and underscore the indispensable role of the private […]
Ghana’s economic growth slowed slightly to 3.2% year-on-year in the second quarter compared with a downwardly revised 3.3% growth rate in the first quarter, the country’s statistics agency said on Wednesday. The gold-, oil- and cocoa-producing nation has been battling […]
President Tinubu is scheduled to address the Africa International Trade Exhibition program during the 78th United Nations General Assembly (UNGA) in New York. This announcement was made by Tunde MacAlabi, Chairman of the Organising Committee for the Business, Trade, and […]
African central banks meeting in the next three weeks are mostly set to hold interest rates while leaving hikes on the table, amid risks to their currencies from higher borrowing costs in advanced economies and their own domestic challenges. The […]
The surge is compounded by economic pressures, shortage of foreign currency and successive devaluation of the local currency. The Egyptian pound lost more than 50 per cent of its value against the dollar since the Russian war on Ukraine broke […]
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