South Africa’s Eskom extends power cuts until Sunday night
South Africa’s state-owned utility Eskom said it would extend rotational power cuts until Sunday night, after four more of its generation units broke down.
The...
Russia-Ukraine war: ECOWAS raises alarm over imminent food shortage in West Africa
The Economic Community of West African States (ECOWAS) Commission has warned of a looming food scarcity as the Russian-Ukraine war lingers if urgent steps...
Angolan diamonds sparkle again as reforms put production back on track
Six hundred miles east of the Angolan capital Luanda is a small city named Saurimo, whose primary industry has traditionally been agriculture. So, visitors...
Nigeria’s oil production falls over poor maintenance, says World Bank
The World Bank has said that Nigeria’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency.
It...
All to know about the Central African Republic’s adoption of bitcoin
The Central African Republic (CAR) adopted bitcoin as an official currency alongside its local currency, the CFA franc, the presidency announced on April 27.
The...
Is ‘Buy Now, Pay Later’ the next big thing for fintech in Africa?
Though traditional payments and lending products still dominate the sector, founders are looking at untapped verticals to either expand on existing products or build...
Debt servicing gulps 96% of revenue in 2021- CBN
The sum of N4.22 trillion has been incurred by the Federal government on debt servicing in 2021, increasing by 29.3% compared to N3.27 trillion...
Standard Chartered raises $100m to tackle avoidable blindness
Management of Standard Chartered Bank said it has reached the goal set in 2011 to raise $100 million for the fight against avoidable blindness...
Ghana extends IMF programme
The IMF also approved 94.2 million dollars for Ghana under the fourth review on Wednesday
Ghana and the International Monetary Fund (IMF) have agreed to...
Ghana opposition seeks IMF view on $2 bln Chinese Bauxite deal
Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2 billion Chinese deal agreed by the government in exchange...
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