Africa 

20 African countries with the highest debt-to-GDP ratio

Like other professions, Economists use many abbreviations. One of the most common is GDP, which represents Gross Domestic Product. According to the International Monetary Fund, the term has become widely used as a reference point for the health of national and global economies. The Gross Domestic Product (GDP) comprehensively measures the monetary value of all the products and services that… Read More
Africa 

US sanctions Sudan police for rights abuses

The United States on Monday imposed sanctions on Sudan’s Central Reserve Police (CRP) force for human rights abuses. The Treasury Department accused the CRP of being “at the forefront” of the crackdown on protests against military rule in the northeast African nation. “Since the October 25 military takeover, Sudan’s Central Reserve Police has used excessive force and violence intended to… Read More
Africa 

South African court suspends construction of Amazon’s headquarters

A court in South Africa ordered the suspension of the building works of Amazon’s African headquarters. The court ruling, announced on Sunday, takes the side of indigenous communities who hold the site sacred. The ruling ordered the developers to hold meaningful consultations with the khoisan people who first resisted Portuguese colonisers on the site in 1510. In the previous ruling… Read More
Africa 

South Africa: Cape Epic, ‘Tour de France of Mountainbiking’ begins

The 18th edition of the Cape Epic got underway in Somerset West, South Africa on Sunday. Often referred to as the ‘Tour de France of Mountainbiking’, the 8-day event opened with a testing 24 kilometre prologue stage that included more than 700 metres of climbing. Team BMC MTB Racing, consisting of French cycling legend Pauline Ferrand Prevot and her South… Read More
Africa Mali West Africa World 

Mali’s coup leaders and Ecowas fail to reach a deal on poll date

– – Mali’s political crisis remains unresolved after the country’s coup leaders and those from the regional bloc, ECOWAS failed to agree on a new poll date. The West African nation has been under harsher sanctions from ECOWAS and the European Union after interim President Assimi Goïta and his team prolonged the transitional period. There were plans for elections this… Read More
Africa Business Nigeria News and Headlines West Africa World 

How Nigeria can become leading oil and gas supplier to European market

– – Apart from retaining its position amongst the leading oil and gas producers in Africa in 2022, Nigeria, with over 37 billion barrels of crude oil reserves, has the potential to improve its energy exports to Europe and help address anticipated crude oil and natural gas shortages. With the European Union planning to ban crude oil imports from Russia… Read More
Africa Investments 

African Development Bank to be a top-tier partner at 9th World Water Forum

What: 9th World Water Forum Who: African Development Bank and African Ministers’ Council On Water When: 21 – 26 March 2022 Where: Diamniadio, Dakar, Senegal                            The African Development Bank will be a lead partner of the 9th World Water Forum, to be held from 21-26 March 2022 in the lake city of Diamniadio, Senegal. The theme of this year’s… Read More
Africa 

Kenya to receive $750 million from World Bank

The World Bank has approved a $750 million loan for Kenya, aimed at supporting the East African country’s 2022 budget. Kenya would have to carry out some necessary reforms in its public procurement procedures, aimed at curtailing corruption as a condition to for the approval of the money. The world bank recommends that Kenya establishes an electronic platform for public… Read More
Africa 

Burkina Faso: ECOWAS worried about the duration of transition

The Economic Community of West African States (ECOWAS) has expressed worry about the three-year transition period in Burkina Faso, where the army took power at the end of January. “ECOWAS is a bit worried about the duration of the transition. But the authorities have explained the reasons behind the decision of these 36 months,” including “the security situation” in the… Read More
Africa 

Osimhen scores a brace as Napoli puts more pressure on AC Milan

Nigerian striker Victor Osimhen scored twice for Napoli again After Gerard Deulofeu had given Udinese an early advantage, Osimhen equalized after the break with a header then won it with one-touch by redirecting a cross from Giovanni Di Lorenzo. Oshimhen, who also had a brace in Napoli’s 2-1 win at Hellas Verona last weekend, will miss the team’s next match… Read More
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