For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief. Zambia records first inflation decline in over a year. Annual inflation rate declines to 16.5% in March from 16.8% in the previous month. Drop in food prices due to increased rainfall following…
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In a recent turn of events, the World Bank has brought to notice, the alarming state of Nigeria’s poor statistical performance. World Bank compares Nigeria’s poor statistical performance to Mexico, Colombia, South Africa, and Brazil. Delegation from World Bank meets with Nigerian Minister of Budget and Economic Planning to express concerns. World Bank recommends annual…
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South Africa, in partnership with the World Bank, has launched a $3 billion initiative to restore essential services and improve infrastructure in eight of its largest cities. South Africa and the World Bank launched a $3 billion initiative to improve infrastructure in eight major cities. The plan includes a $1 billion loan from the World…
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The company behind Uganda’s EACOP crude pipeline has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday. EACOP secures first tranche of external financing from commercial banks and Afreximbank. The successful closing of the first tranche is a significant milestone for the…
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Niger’s junta leader, Abdourahamane Tiani, has been sworn in as president for a five-year transition period under a newly established charter, further cementing military rule in the country. Abdourahamane Tiani sworn in as president of Niger for a five-year transition period under military rule. Tiani dissolved all political parties and tightened his grip on power.…
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Amid ongoing diplomatic tensions between the United States and South Africa, President Donald Trump’s appointment of a new US ambassador has fueled further controversy. President Trump’s nomination of Leo Brent Bozell III as the US ambassador to South Africa sparks controversy Trump’s nomination comes at a time of strained relations between the US and South…
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