Month June 2024

Ghana Finalises Debt Pact, Clears Path For IMF Funding

GHANA has finalized a pact with its official creditor committee to formalize a debt restructuring deal agreed in January, smoothing the path towards further funding from the International Monetary Fund (IMF), its finance ministry announced on Wednesday. This agreement sets…

Bank Predicts Africa’s Remittance Market To Hit $500bn By 2025

INCREASED competition, stakeholder collaboration, and investment in financial infrastructure are key to reducing global remittance fees, according to Risana Zitha, Managing Director and Head of Africa at investment banker DAI Magister. Zitha emphasised the significant role remittances play in the African…

Senegal Launches First Offshore Field, Joins Oil Producers

WOODSIDE Energy has successfully achieved first oil production at Senegal’s inaugural offshore oil project, the Sangomar field development. This milestone underscores the effective collaboration between Woodside Energy and Senegal’s national oil company, Petrosen, demonstrating their shared commitment to advancing energy security…

Morocco Introduces AI In Courts, Plans For AI Regulation

MOROCCO announced on Tuesday the integration of artificial intelligence (AI) in its courts, marking a significant step towards modernising the judiciary system across the North African country. ‘AI has introduced significant changes worldwide,’ Justice Minister Abdellatif Ouahbi was reported by Anadolu…

AfricaConnect3 Boosts Agricultural Research In 40 Countries

AGRICULTURAL researchers in 40 African countries are set to benefit from a five-year cooperation supported by AfricaConnect3. This partnership between the West and Central African Research and Education Network (WACREN) and the Regional Universities Forum for Capacity Building in Agriculture (RUFORUM) will enable…