The International Monetary Fund (IMF) has approved a total disbursement of about $448.4 million to Tanzania following the completion of reviews under two key lending arrangements, in recognition of the country’s continued economic improvement and reform progress. The IMF approved a $448.4 million disbursement to Tanzania under key lending arrangements due to economic improvements. Tanzania’s…
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Africa could become self-sufficient in fertilizer production within the next 40 months, according to Nigerian billionaire Aliko Dangote. Aliko Dangote projects Africa’s self-sufficiency in fertilizer production within 40 months. Dangote fertilizer plant’s planned expansion aims to boost production capacity and reduce reliance on imports. Enhancing local fertilizer production could address intra-African supply gaps and improve…
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Dangote’s decision to move forward with the listings of the oil and fertilizer refinery reflects the conglomerate’s broader strategy to attract new investors and unlock greater value for shareholders. Aliko Dangote plans to list his Nigerian oil refinery on the stock market by the end of 2026. The Group also plans to list its urea…
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Mali’s transitional President Assimi Goïta is on an official visit to Russia, where military cooperation and gold sector development are high on the agenda. Mali’s President Assimi Goïta visited the Kazan Kremlin to discuss military cooperation and the development of Mali’s gold sector. Discussions included potential defense equipment acquisitions, economic ties, and collaborative projects like…
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Three African tech powerhouses, Nigeria’s Moniepoint and Flutterwave, and South Africa’s digital bank Tyme, have been chosen for TIME magazine’s 2025 list of the 100 Most Influential Companies, a watershed moment for the continent’s rapidly expanding fintech industry. Nigeria’s Moniepoint and Flutterwave, alongside South Africa’s Tyme, appeared in TIME magazine’s 2025 list of the 100…
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The University of Ghana has announced the immediate suspension of all social gatherings and student-organised events on campus following a resurgence of COVID-19 cases. The University of Ghana has suspended all social gatherings and student-organized events due to a rise in COVID-19 cases. This decision follows confirmed cases by the campus Health Directorate, implementing immediate…
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