The African Continental Free Trade Area (AfCFTA), designed to ramp up trade within Africa and bolster the continent’s global trade standing, faces a fresh hurdle, following the news of the withdrawal of Mali, Niger and Burkina Faso from the Economic […]
The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis. The changes should make it easier for smaller economies outside the EU’s borders — […]
The series of activities will include thematic engagement sessions – on commodities, health and capital investments: Beginning on Monday, 15 January, with a welcome luncheon & roundtable dedicated to the topic ‘Paving the Way: Commodity-led Industrialization on the African Continent; […]
On November 20, 2023, the Executive Board of the International Monetary Fund (IMF) discussed the staff report: “Review of the Fund’s Strategy on Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT).” The staff report takes stock of the implementation […]
The federal government is seeking to expand over $11.8 billion bilateral trading partnership with the Republic of India in a bid to boost growth in key sectors of the Nigerian economy. Speaking on Tuesday at the Nigerai-India Business Council (NIBC) […]
U.S. Secretary of State Antony Blinken on Tuesday pledged $45 million in additional financing to help fight conflict and bring stability to coastal West Africa, where insecurity linked to jihadist insurgencies has increased in recent years. Blinken is on the […]
Ivory Coast successfully raised $2.6 billion through two bonds with respective maturities of nine and 13 years in its first return to the international Eurobonds market after two years of absence, the government said in a statement on Tuesday. It […]
UAE’s Abu Dhabi Commercial Bank (ADCB) has obtained the approval of the Saudi Council of Ministers for a licence to operate a banking business in the kingdom. ADCB intends to fulfil all technical and regulatory requirements stipulated by the Saudi […]
The International Monetary Fund has expressed discontent with Kenya’s plan to re-introduce fuel subsidies. This global lender disclosed its concerns about the viability of the scheme, noting that Kenya may not that there is a lack of fund to pay […]
The Indian economy is poised to touch USD 5 trillion next financial year – 2024-25 – and capitalise to double to USD 10 trillion by the end of this decade, said Union Petroleum Minister Hardeep Puri. At present, the Indian […]
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