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Nigerian Authorities Relinquish Management of State-Owned Oil Company

Nigeria’s president, Muhammadu Buhari, has unveiled a revamped national oil company that he called commercially driven and not relying on government funding. Buhari says the Nigerian National Petroleum Company would.

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AfDB Board approves $1bn emergency facility to boost food security in Africa

The African Development Bank, AfDB Group’s Board of Directors has approved 24, fast-track programs to help Africa mitigate rising food prices and inflation caused by Russia’s war in Ukraine, climate.

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Biden announces US-Africa summit for mid-December

President Joe Biden has announced that the United States will bring together leaders from across the African continent for a major summit in Washington, DC this December to discuss pressing.

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Somalia says 5,000 soldiers to come home soon from Eritrea

Somalia will soon bring home 5,000 men it sent to train in Eritrea as soldiers, a government spokesperson said on Tuesday, after months of protests by the men’s parents claiming.

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AfDB hails coherence of Morocco’s development plan, resilience of its economy

President of the African Development Bank (AfDB) and Chairman of the Africa50 Board of Directors, Akinwumi Adesina, hailed on Tuesday in Marrakech the coherence of Morocco’s development plan and the.

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Nigeria’s Central Bank Raises Interest Rate to 14%

The Monetary Policy Committee of the Central Bank of Nigeria, CBN, has unanimously voted to increase the benchmark interest rate (monetary policy rate) to 14% from 13%, being the second.

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Liberia, Ireland Reaffirm Commitment to Promote Bilateral Cooperation

Liberia and Ireland have rekindled their commitment to deepen bilateral cooperation: emphasizing trade and investment; as well as driving democratic governance and human rights. Speaking in Dublin, at Aras an.

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Ghana to sign $3.2 billion railway project deal with Thelo DB consortium

Ghana’s government will sign an agreement next week with Thelo DB consortium for a $3.2 billion project to develop and make operational its Western Railway Line, the company said in.

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