KENYA’S central bank has invited the public for views on the potential introduction of a digital currency, in a shift from its original opposition to crypto assets. The East African country pioneered mobile money payments with Safaricom’s M-Pesa in 2007,…
LEADING African economies that have struggled to improve their infrastructure, business conditions and overall competitiveness are generally performing better against other emerging markets in areas that measure their digital skills and sustainability. That’s one of the findings of the 2022…
SOMALILAND has ‘huge’ investment potential in untapped oil and gas reserves, the foreign minister of Somalia’s breakaway region told Taiwan President Tsai Ing-wen on Wednesday, pitching investment opportunities on a high-profile visit. Somaliland broke away from Somalia in 1991 but…
THE United Nations’ top court on Wednesday ordered Uganda to pay the Democratic Republic of Congo $325 million in reparations over a brutal 1998-2003 war between the two nations. The International Court of Justice chief judge Joan Donoghue said Uganda…
NIGERIA should remove untargeted fuel subsidies and channel resources to the poor, the International Monetary Fund (IMF) said on Monday, warning that the budget deficit was expected to widen in 2021 despite a recovery in international crude prices. With an…
THE Spanish company in charge of a truck that exploded and killed 13 people last month en route to an internationally-run gold mine in Ghana violated storage and transport laws and has been fined $6 million, the lands ministry said…
GHANA’S Pan African Heritage Museum isn’t scheduled to open until 2023, but it is already making noise and receiving global praise. TIME Magazine just listed the more than $30 million museum among the top 100 world’s greatest places for tourists to visit.…
THE International Monetary Fund, IMF, rose from its executive board consultation on 2021 Articke IV with Nigeria, declaring that the Nigerian economy is recovering from a historic downturn. It said the recoveey was benefitting from government policy support, rising oil…
THE Muhammadu Buhari Presidency has attacked a Financial Times editor in its response to a story done by the British newspaper, which highlights the failures of the Nigerian government. A report titled “What is Nigeria’s Government For,” by David Piling,…
AFRICAN Development Bank (AfDB) President Dr Akinwumi Adesina has said that the most important lesson of the Covid-19 pandemic for Africa is the need to build a defence mechanism against external shocks, especially in healthcare and financial security. ‘Investing in…
