ECOWAS: West African bloc to launch single currency in 2027
Mr Jean-Claude Brou, President of the Economic Community of West African States (ECOWAS) Commission, has said that the community has resumed convergence to launch...
ECOWAS reduces Commissioners to seven, proposes $330m for agric programme
The Economic Community of West African States (ECOWAS) has reduced the numbers of its Commissioners to seven from fifteen as part its internal reforms...
Maritime: ECOWAS removes Nigeria from piracy hotspot list
The Economic Community of West African States (ECOWAS) has removed Nigeria From its Piracy Hotspot List.
The President of the ECOWAS Commission, Jean Claude Kassi...
Nigerian Govt spends N896.7b repaying China debts, others in three months
THE Nigerian government has revealed that it spent over N896.7 billion in the first three months of 2022 repaying matured foreign and local debts.
This...
IMF urges countries to support vulnerable, avoid blanket subsidies as food, fuel prices soar
The IMF said on Tuesday governments fighting soaring food and fuel prices should target aid to vulnerable citizens rather than issue across-the-board aid that...
Nigeria’s Access Bank acquires Kenyan lender, Sidian Bank
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc.
The acquisition amounts...
Three takeaways from the AfDB’s 2022 Africa Economic Outlook
The 2022 African Economic Outlook (AEO), the African Development Bank’s flagship publication released at the midpoint of last week’s Annual Meetings in Accra, can...
AFC proposes pragmatic path to net zero in Africa
The Africa Finance Corporation’s infrastructure summit in May saw the launch of a white paper calling for a pragmatic approach to achieving net zero...
African pension funds lead the way on ESG
Discussion on attracting much-needed investment into Africa has generally focused on non-African sources: foreign firms, multilateral financial institutions and non-African institutional investors. Yet far...
Tullow Oil to buy Capricorn Energy for $827 mln in Africa play
West Africa-focused Tullow Oil TLW.L will acquire Capricorn Energy CNE.L in an all-stock deal valued at 656.9 million pounds ($826.7 million), the London-listed energy...
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