Category
A currency devaluation may do little to fix Nigeria’s problems unless it follows the examples of emerging market peers Egypt, Argentina and Russia and embraces floating exchange rates.
Grappling with recession, widespread dollar shortages, a budget funding gap and international …
Continue readingYoung men, ageing widows and local chiefs — even civil servants — have taken to the fields to work in rice paddies that stretch for miles around Tarasa, a village in north-west Nigeria.
Two years ago the land in one …
Continue readingThe Federal Government of Nigeria has finally released the long-awaited economic recovery and growth plan (2017 – 2020). Africa’s largest economy slipped into recession last year on the back of plummeting oil prices, Nigeria’s main foreign exchange earner.
The four-year …
Continue readingThe police in Abidjan have dispersed protesters belonging to an association of investors. The investors are demanding the freezing of accounts of agribusiness enterprises owned by the government.
“We’re tired, everybody has invested, others have gotten into debt; we’ve taken …
Continue readingEgypt on Saturday finalized a $150 million loan guarantee from Britain following a visit from British foreign minister, Boris Johnson.
According to a statement from Britain’s foreign Office, Egyptian president Abdel Fattah al-Sisi and the British foreign minister held discussions …
Continue readingTunisia plans to sell stakes in three state-owned banks this year and cup up to 10,000 jobs in the public sector as part of reforms requested by the International Monetary Fund (IMF), as the body has frozen the …
Continue readingThe Gambia is set to receive $60 million in budget support from the World Bank. This was revealed on Saturday by the Bank’s president for Africa, Makhtar Diop, during a meeting with the newly installed government.
Diop told journalists after …
Continue readingAfter promising to revive Ghana’s economic growth, president Nana Akufo-Addo is now faced with the task of handling a 1.6 billion hole in the budget and a deficit twice as high as expected.
In 2014 Ghana’s economy was among the …
Continue readingNigeria’s federal government said on Sunday that its Social Investment Programmes, SIP, had a plan to hire 350,000 more unemployed graduates under the N-Power Volunteer Corps in 2017.
According to the Senior Special Assistant on Media & Publicity to the …
Continue reading
