In Sudan’s unsettling saga, a vital humanitarian haven hangs in the balance as paramilitary forces clash with the army on the outskirts. The UN has hit pause on all humanitarian field missions in and out of Al Jazirah state, raising concerns as doctors report scores of civilian injuries from the skirmish. The ominous clouds over […]
The International Monetary Fund (IMF) paints a challenging picture for sub-Saharan African economies, warning that financing conditions are likely to stay constrained due to ongoing capital outflows from the region. Despite a slight easing in global financing conditions, the IMF’s Africa Department Director, Abebe Selassie, emphasized the ongoing difficulty faced by most countries, evidenced by […]
Nigeria’s recent move to devalue its currency for the second time in less than a year and implement new forex regulations suggests a potential shift towards allowing the naira to float freely. However, the enthusiasm for reform faces challenges, with a significant backlog of dollar orders and low liquidity posing potential roadblocks, according to investors […]
Namibian President Hage Geingob, a towering figure in the nation’s history, has passed away at the age of 82 in Windhoek, the capital. The curtain fell on his remarkable journey just after midnight on Sunday at Lady Pohamba Hospital, where he had been undergoing medical treatment. Surrounded by his wife Monica Geingos and his children, […]
In 2024, the outlook for gold and silver appears bullish, with expectations of an upward trajectory. UBS predicts that both precious metals will see further gains, driven by the anticipation of interest rate cuts by the U.S. Federal Reserve. According to Joni Teves, UBS’s precious metals strategist, the easing measures by the Fed, coupled with […]
Today, Rwandans united in a poignant tribute to their national heroes, champions of unwavering patriotism and selfless sacrifice for the nation and its people. President Paul Kagame and First Lady Jeannette Kagame led the nation in laying a wreath at the National Heroes Mausoleum, honoring those whose bravery and patriotism have paved the way for […]
Delving into Liberia’s financial legacy, the transition of power has sparked intriguing revelations. Contrary to former President George Weah’s assertion of a $40 million balance, President Joseph Boakai, who assumed office on January 22nd, disclosed a different figure of $20.5 million left in the state coffers. The apparent disparity prompted the Senate to take action, […]
In the heart of Davos, Switzerland, the Africa Collective, in partnership with the AfCFTA Secretariat, elevated its presence during the World Economic Forum Annual Meeting from January 15-19, 2024. This wasn’t just another week; it was a dynamic platform designed to amplify and exchange ideas on Africa’s pressing matters among global leaders. The overarching goal? […]
On Monday, Nigeria, currently at the helm of the Economic Community of West African States (ECOWAS), expressed profound disappointment in the “unelected” military rulers of Niger, Mali, and Burkina Faso. These leaders, in a collective move, decided to withdraw from the nearly half-century-old regional alliance. In its first response to the announcement, the Nigerian foreign […]
On Tuesday, U.S. Secretary of State Antony Blinken made a bold commitment, pledging an additional $45 million to tackle the escalating conflict and enhance stability along the coast of West Africa. This region has witnessed a surge in insecurity attributed to jihadist insurgencies in recent years. Currently embarking on the second leg of his four-nation […]
