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Nigeria’s efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter.
The …
Continue readingGhana’s new government plans to review its $918 million programme with the International Monetary Fund because it may need more money for its spending plans. The three-year programme, signed by the previous government in April 2015, imposes strict targets for …
Continue readingCitizens of the Seychelles, Mauritius, and South Africa have the most powerful passports on the continent, while Nigerians, Ethiopians and Somali have the least freedom of travel, according to the latest ranking from the financial firm Arton Capital. The rankings, …
Continue readingFollowing the recent upsurge in arrest and harassment of journalists in Nigeria, some Nigerian activitists and active citizens penned a much needed open letter to President Muhammadu Buhari. The text is presented below unedited.
Dear President Muhammadu Buhari, We are …
Continue readingAdama Barrow has been sworn in as Gambian president in neighbouring Senegal as incumbent Yahya Jammeh refuses to leave office.…
Continue readingGambia’s President-elect Adama Barrow says he will be sworn in at the country’s embassy in neighbouring Senegal, as regional forces massed at the border to force incumbent Yahya Jammeh to quit after his election defeat.
In messages posted on his …
Continue readingBotswana has become the first African state to announce that it no longer recognises Yahya Jammeh as The Gambia’s president following his refusal to hand power to Adama Barrow who defeated him in elections on 1 December.
In a statement, …
Continue readingTanzania is seeking $200 million loan from the World Bank for debt-ridden state power supplier TANESCO, the country’s energy minister said on Monday. The ministry in a statement said the Tanzania Electric Supply Company (TANESCO) has a debt of $363 …
Continue readingGoing by the recent position adopted by the African Union (AU), that it will no longer recognise Yahya Jammeh as President of The Gambia, the continental body would in principle turn to Adama Barrow as the country’s leader for official …
Continue readingThe Chinese Foreign Affairs Minister, Mr Wang Yi says his country is investing additional 40 billion dollars in Nigeria. Yi stated this at a bilateral meeting with his Nigerian counterpart, Mr Geoffrey Onyeama in Abuja. The minister said China had …
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