The International Monetary Fund (IMF) has clarified that while Nigeria has made significant progress in settling its financial obligations, reports claiming the country has fully repaid its debts are inaccurate. The IMF clarified that while Nigeria has repaid its $3.4 billion emergency loan, reports of full debt repayment are inaccurate. Nigeria has an outstanding annual…
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President Donald Trump has announced a “full and immediate ceasefire” to quell rising tensions following the four-day deadly conflict between India and Pakistan. US President Donald Trump announced a full and immediate ceasefire between India and Pakistan following recent conflicts. The announcement came after overnight US-mediated negotiations involving high-level diplomats and military officials. India and…
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A new $500 million fund has been allocated to address maternal and newborn mortality in Africa, with Ghana and Nigeria named among the key recipients. A $500 million fund, the Beginnings Fund, was launched to tackle maternal and newborn mortality in Africa over five years. Priority countries include Ghana, Nigeria, Zimbabwe, Ethiopia, Kenya, Uganda, Lesotho,…
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The AI strategy of the African Union prioritizes data sovereignty, digital infrastructure, and cross-border regulation, with 22 countries supporting a national structure. The African Union (AU) officially adopted its continental artificial intelligence (AI) strategy in July 2024 A key focus is the AU’s data policy framework and the Malabo Convention, creating comprehensive and uniform data…
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Ethiopia is taking a significant step toward economic reform by moving to lift its decades-old law that bans foreigners from owning property. Ethiopia is planning to lift its longstanding ban on foreign property ownership to attract foreign direct investment (FDI). The reform aims to address barriers such as state interference and institutional weaknesses that deter…
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After growing interest from the U.S., the United Arab Emirates (UAE) has reportedly joined efforts to co-finance the $25 billion Morocco-Nigeria gas pipeline project. The UAE has joined efforts to co-finance the $25 billion Morocco-Nigeria gas pipeline project. The project aims to connect West Africa to Europe via a 5,660-km offshore pipeline traversing 13 countries.…
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