Africa Business Nigeria News and Headlines West Africa World 

Nigeria releases new bank notes into circulation

– – Nigeria has released its new currency into circulation in the first such redesign in 20 years. It is expected to address insecurity, tackle counterfeiting and force excess cash back into the banking system, the government said. Nigeria’s central bank had said more than 80% of the money in circulation was being hoarded by individuals. It has urged people… Read More
Africa Business Ghana West Africa World 

Ghana cedi makes extraordinary gain in months

– – Ghana’s local currency the cedi has gained more than 12% against the US Dollar to hit its strongest level in two and a half months. This was after the country reached a staff-level agreement over $3 billion with the International Monetary Fund. The currency strengthened to 9.5 to the dollar in a fourth straight session of gains, though… Read More
Africa World 

US President Biden says US is ‘all in’ on Africa’s future

– – US President Joe Biden has said Africans can count on the United States as he delivered a speech at the Business Forum at this year’s US-Africa leaders summit in Washington DC. “The United States is all in on Africa’s future,” President Biden told the 49 African leaders attending the summit. This is the first time such a summit… Read More
Africa Investments 

Rwanda: In Kigali, World Circular Economy Forum paves the way for African leadership toward a circular future

Over 2000 delegates, including Africans from across the continent, attended the World Circular Economy Forum 2022 in Kigali, Rwanda held from 6-8 December. The event positioned Africa as a potential global leader in driving adoption of the circular economy paradigm owing to its youthful population, immense resources and entrepreneurial dynamism. It also showcased circular solutions from Africa and the global… Read More
Africa 

DRC’s North Kivu province awaits repairs to collapsed bridge

In eastern DRC queues of vehicles on either side of the Lume bridge are still awaiting for traffic to reopen following its collapse last Saturday. The bridge connecting the North Kivu province to other East African countries collapsed after a heavy goods vehicle passed over it heading towards the town of Beni. A local driver is asking the authorities to… Read More
Africa 

US – Africa Summit: Peace security and governance issues dominate Tuesday’s talks

Top U.S. officials, including Secretary of State Antony Blinken and defense chief Lloyd Austin, joined several key leaders from Africa to discuss peace, security and governance issues at the U.S.-Africa Leaders Summit Tuesday. The Biden administration’s three-day gathering is bringing in leaders from 49 African nations and the African Union for high-level talks. During the discussion, Somalia’s president, Hassan Sheikh… Read More
Africa 

Bodies of 27 migrants, including children found in Chadian desert – UN

The bodies of 27 migrants believed to have died of thirst have been found in the Chadian desert, the U.N. migration agency said on Tuesday. According to reports, the migrants reportedly left Moussoro, a crossroads town in West-Central Chad, 17 months ago in a pickup truck, the IOM said in a statement. It is believed the truck got lost in… Read More
Africa 

UN chief ‘deeply saddened’ by flood-triggered deaths in DR Congo 

Floods in the capital, Kinshasa, and some provinces have destroyed homes and farmland, as well as schools and other public infrastructure.  “The Secretary-General extends his condolences to the families of the victims, as well as to the Government and people”, Spokesperson Stéphane Dujarric said in a statement, also wishing a speedy recovery to those injured.  A city submerged  According to… Read More
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