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Despite lingering questions over the status of the Western Sahara, Morocco was today readmitted as a member of the African Union, becoming the last African country to do so.
Morocco quit the organization in 1984, after the A.U. recognized the …
Continue readingThe European Union has announced a launch of a $47.46 billion Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and development.
With the new development Nigeria and some other African countries hope of …
Continue readingEgypt has cleared the backlog of investors seeking to repatriate funds, a central bank official said, a further indication that the shortage of hard currency that crippled the economy is easing.
The official, who asked not to be identified because …
Continue readingIn spite of the gloom on the country’s economy, investor confidence in Nigeria remains high as the $1 billion Eurobond issued by the federal government on Thursday was over-subscribed by almost eight times.
The over-subscription was with orders in excess …
Continue readingPricewaterhouseCoopers, one of the world’s largest professional-services firms, just released its predictions for the most powerful economies in the world by 2030.
The report, titled “The long view: how will the global economic order change by 2050?” ranked 32 countries …
Continue readingThe populist wave that carried Donald Trump to the American presidency is a global phenomenon. Nowhere is this more apparent than in West Africa, over the past two years.
The sense is the same—there is now a deep suspicion of …
Continue readingEuropean Union leaders met on Malta on Friday to endorse plans they hope can forestall a new wave of migrants sailing for Italy from Africa, but aware anarchy in Libya means any quick fix is unlikely.
British Prime Minister Theresa …
Continue readingAngolan President Jose Eduardo dos Santos confirmed on Friday he will not run in this year’s presidential election, calling an end to 38 years as head of state, but he will retain control of the powerful ruling party.
Dos Santos, …
Continue readingAngolan President Jose Eduardo dos Santos confirmed on Friday he will not run in this year’s presidential election, calling an end to 38 years as head of state, but he will retain control of the powerful ruling party.
Dos Santos, …
Continue readingFrance’s PSA Group, the maker of Peugeot, Citroen and DS cars, said on Saturday it had signed a contract to start assembling two car models in Kenya.
PSA, which wants to reduce its dependence on European sales, will assemble the …
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