Uganda and South Korea Join Forces to Build Nuclear Power Plant
In a significant move towards diversifying energy sources and promoting sustainable development, Uganda and South Korea have launched a joint initiative to construct a nuclear...
Category : ECONOMY
Kenyan Shilling Strength Reduces External Debt to KSh 5.2 Trillion
In an unexpected development, the Kenyan shilling has shown notable strength against the US dollar and other major global currencies, emerging as one of the...
African Leaders Convene in Nairobi for World Bank Summit
African Leaders Convene in Nairobi to Advance Development Goals at IDA Summit Nairobi recently hosted an important gathering of African heads of state at the...
Nigeria: Government workers’ salaries have been boosted by as much as 35 percent.
In observance of May Day, the Nigerian government has announced a salary increase of 25 percent and 35 percent for certain groups of workers across...
Nigeria’s Diplomatic Evolution: Exploring BRICS Membership and UNSC Seat
Nigeria, under the stewardship of its Minister of Foreign Affairs, Ambassador Yusuf Tuggar, is navigating new diplomatic frontiers, poised to enhance its global standing. The...
Watch Out for the July 4th Edition of 1st Afrika Magazine..
Stay tuned for more details…. ...
Markets are so Fixated on Inflation They Might Miss the Next Big Blowup, Says BlackRock
While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns. BlackRock Investment Institute said in...
Kenya Moves to Cut Harmful Gas Emissions
Treasury CS Ukur Yatani (PHOTO: FILE) The government is in the final stages of establishing a carbon trading system that will minimize the emission of...
WTO calls papers for Young Economists Essay Award
The World Trade Organisation (WTO) has issued a call for young economists to submit papers for the 2021 WTO Essay Award, which aims to promote...
Senegal Launches New Payments Digitalization Agenda
The New Payments Digitisation agenda has been launched in Senegal by the government with the support of the United Nations – Better than Cash Alliance...
Nigeria Currency Falls at Parallel Market as CBN Moves Against IMTOs
The exchange rate between the naira and the dollar depreciated closing at N394.17/$1 at the NAFEX (I&E Window) where forex is traded officially. Forex turnover,...
Mozambique Needs To Address Deepening Political Discontent And Widening Socio-Economic Disparity
Chairperson of the Southern African Development Community (SADC) and Mozambican President Filipe Nyusi has to make consistent efforts toward addressing the systemic governance deficit,...
Libya’s Largest Oilfield Could See Exports Interrupted
The largest oilfield in Libya, the 300,000-bpd Sharara field, could see crude oil exports from it disrupted if members of the Petroleum Facilities Guard (PFG)...
IMF Chief Worried About Middle-income Countries, urges Expanded Definition of ‘Vulnerable’
FILE PHOTO: IMF Managing Director Kristalina Georgieva speaks at a news conference ahead of the World Economic Forum...
IMF Chief Predicts Faster Global Recovery, Warns Fight isn’t Over
IMF Managing Director Kristalina Georgieva said that the United States’ $1.9 trillion support package and rising confidence from increased vaccinations in many advanced economies were...
Spanish Agency Launches Program To Support Fight Against Corruption In Mozambique
With corruption persistently taking deep roots, the Spanish Agency for International Cooperation has launched a program to support the fight against corruption in Mozambique. Experts...
Biden’s Expanded Child Tax Credit Would be Dramatic Change for Many Americans
“This bill is completely historic because it would … make sure that low-income children receive the full credit,” one expert said. President Biden signs the...
Turkey-Egypt Relations: What’s Behind Their New Diplomatic Push
Last month, Egypt announced a new oil-and-gas exploration bid round in the Eastern Mediterranean. It notably took into consideration the coordinates of the continental shelf as declared by Ankara,...
WTO New Head is on a Mission to Advance the Prospects of Common Development
Newly appointed World Trade Organization Director-General Ngozi Okonjo-Iweala at a press conference in Geneva, Switzerland, on July 15, 2020. [Photo/Xinhua] The World Trade Organization (WTO),...
Zambia 36th Country to Ratify AfCFTA Agreement
Pic: Shutterstock Zambia recently submitted the instruments of its ratification of the African Continental Free Trade Area (AfCFTA) agreement to the African Union Commission, according...