Ghana’s Wildcat Gold Mining Booms, Poisoning People and Nature
An illegal artisanal miner searches for gold in an excavated pit at the Prestea-Huni Valley Municipal District in the Western Region, Ghana August 17, 2024....
Category : ECONOMY
Lunching Soon: “PAYDSECURE” Payment
PayDsecure is an innovative digital payment solution that offers a secure and streamlined way to facilitate online money transfers. It integrates a digital card, wallet...
Heirs Insurance Group’s Revenue Surges 80% in 2023
Heirs Insurance Group (HIG), comprising Heirs Life Assurance (HLA) Heirs General Insurance (HGI) and Heirs Insurance Brokers (HIB), has announced its financial results for the...
Rwanda Emerges as Top Global Performer in Inaugural World Bank B-READY Report
Rwanda has once again demonstrated its commitment to business excellence, achieving impressive results in the newly launched World Bank Business Ready (B-READY) Report unveiled today,...
Zimbabwe’s President Vows Swift Action to Halt Currency Slide Amid Economic Strain
Harare, Zimbabwe Zimbabwe’s President, Emmerson Mnangagwa, has promised to take decisive measures to halt the ongoing depreciation of the Zimbabwean dollar, which has been plaguing...
Ethiopia’s Bondholders Reject $1 Billion Bond Restructuring Proposal, Urging for Better Terms
Addis Ababa, Ethiopia Ethiopia’s $1 billion bond restructuring plans have hit a major setback as bondholders rejected the government’s proposed outline, demanding more favorable terms...
Ethiopia’s Central Bank Grants Operational Licenses to Five Non-Bank Forex Bureaus
In a move aimed at improving foreign exchange accessibility, Ethiopia’s Central Bank has granted operational licenses to five non-bank foreign exchange (forex) bureaus. This decision...
South African Rand Retreats After Recent Rally
The South African rand faced renewed pressure on October 1, retreating after a two-week rally that had seen it strengthen amid improving investor sentiment. The...
Kenyan Farmers Turn to Camels as Climate-Resilient Livestock Amid Severe Drought
In response to persistent drought conditions that have ravaged much of Kenya, farmers in the arid and semi-arid regions are increasingly turning to camels as...
Tanzania Launches Groundbreaking Domestic Gold-Buying Program to Bolster National Reserves
Dodoma, Tanzania In a bid to strengthen its financial standing and expand its national reserves, Tanzania has officially launched a new domestic gold-buying program. The...
Ethiopia Launches $3.4 Billion IMF-Backed Economic Reform
Ethiopia has embarked on a daring economic journey, supported by a $3.4 billion Extended Credit Facility from the International Monetary Fund. The four-year program, initiated...
Easing Africa’s Debt Burdens: A New Approach Inspired by an Old Idea
The statistics are stark: 54 governments, of which 25 are African, are spending least 10% of their revenues on servicing their debts; 48 countries, home...
Zimbabwe Devalues Gold-Backed Currency by Over 40% Amid Economic Struggles
Zimbabwe’s central bank has devalued its gold-backed currency by over 40% against the US dollar, indicating that the last ditch effort to stabilise the...
African Development Bank Pledges Increased Support for Angola’s Rapid Economic Reforms
In recent talks between Angola’s President João Manuel Lourenço and African Development Bank Group head Dr Akinwumi Adesina, the two leaders discussed a wide range...
Toiling on Kenya’s Flower Farms: The Hidden Lives Behind Europe’s Fresh Roses
In the verdant highlands of Naivasha, Kenya, where the morning mist rises over acres of greenhouses, thousands of workers bend over rows of vibrant roses,...
German Economy Stuck in Stagnation as Key Indicators Show No Signs of Recovery, ING Warns
The German economy remains mired in stagnation, with little sign of an imminent recovery. According to ING’s latest analysis, Germany’s Ifo Business Climate Index, a...
Oil Prices Dip as Saudi Arabia Signals Potential Lower Price Target
Top exporter Saudi Arabia giving up its crude oil price target in preparation for expanded production weighed on the market. Brent crude futures were down...
Russia Secures Satellite Deal with West African Military Governments, Expanding Strategic Ties in the Region
Russia has entered into a satellite technology agreement with several West African military-led governments, strengthening its influence in the region and signaling a new era...
Burkina Faso, Mali, and Niger Distance Themselves from ECOWAS, Announce Plans for Joint Passport
In a bold move signaling deepening political rifts, Burkina Faso, Mali, and Niger have announced their decision to distance themselves from the Economic Community of...
Painful Budget Warning Spooks Public Confidence Amid Economic Uncertainty
As governments across the world navigate economic turbulence, a sharp budget warning has triggered concerns, causing a wave of anxiety among the public. Officials have...