Accra, Ghana, June 4 In bustling markets and trading halls across Ghana, there is an obvious economic resurgence. The country, the world’s second-largest cocoa producer, has seen its cocoa earnings triple in a matter of months, jumping from $579 million to $1.8 billion. Widely circulated reports capture a sentiment rippling across the continent. President John…
Bamako, Mali, May 21, 2025, Burkina Faso, Mali, and Niger, three West African neighbors bound together as the Alliance of Sahel States, recently pledged $820 million to create a shared development bank that will fund projects across their borders. The Confederal Bank for Investment and Development, as they are calling it, represents their first major…
Akinwumi Adesina, president of the AfDB Dr. Akinwumi Adesina, the head of the African Development Bank (AfDB), made a startling revelation that Nigeria’s economy is in a much worse situation than most people think. The statistics he shared reveal a grim fact. The income of the average Nigerian, when broken down per person, is only $824…
Nigeria’s president, Bola Ahmed Tinubu presented a N47.9 trillion ($31 billion) national budget proposal for 2025 before a joint session of the country’s National Assembly on December 18. The budget gives substantial allocations to Security and defence, infrastructure, health, and education. Joining the president at the budget presentation was the Secretary to the Government of…
The Nigeria Labour Congress (NLC), Nigeria’s apex workers union, has warned that the latest increase in pump price of petrol will further deepen poverty as production capacities dip. The Congress demanded an immediate reversal of the hike, warning that the increase would lead to more jobs lost with multidimensional negative effects. The News Agency of…
The West Africa Monetary Agency (WAMA) recently convened in Dakar, Senegal, from 26-29 July 2024, for its Forty-Fifth Joint Ordinary Meeting of the Economic and Monetary Affairs Committee and Operations and Administration Committee, according to a Press release by the Economic Community of West African States (ECOWAS) Commission. The gathering was followed by a meeting…
