Africa’s growth to increase in 2024, says UN report
New York, Jan. 5, 2024: Africa’s growth rate is projected to slightly increase from 3.3 per cent in 2023 to...
Foreign
UN forecasts 2.4 % global growth slowdown in 2024
New York, Jan. 5, 2024: The UN’s World Economic Situation and Prospects (WESP) report for 2024 projects slowdown in global...
Switzerland removes customs duties on certain imports to cut prices
Geneva, Jan. 3, 2024: Switzerland said that it has abolished customs duties on imported industrial goods in order to reduce...
IMF relieves EA’s indebted states with $1.9b financing deals
The International Monetary Fund (IMF) board has approved the payment of $620.65 million in budgetary support for Rwanda, Tanzania and...
EAC external trade grows as member states imposes more barriers
Abuja, Dec. 27, 2023: East African Community member states are trading more with countries outside the bloc owing to persistent...
Ethiopia becomes third African state to default on sovereign debt
Abuja, Dec. 27, 2023: Ethiopia became Africa's third default in as many years on Tuesday after it failed to make...
UN gets $3.59bn budget for 2024
New York, Dec. 25, 2023: The General Assembly has approved a US$3.59 billion budget for the United Nations for 2024,...
U.S-based money transfer company seeks patronage from Nigerians
New York, Dec. 24, 2023: Remitly, a U.S.-based money transfer company has solicited the patronage of Nigerians living U.S. to...
Angola leaves OPEC in blow to oil producer group
Luanda/London, Dec. 23, 2023: Angola said it would leave OPEC in a blow to the Saudi-led oil producer group that...
Economy: PAPSS and West Africa cross-border digital payment revolution
In the bustling and diverse landscapes of West Africa, where cultures intertwine and economies thrive, a shared struggle unites its...
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