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Ghana has increased pressure on large-scale gold mining companies to sell a larger share of their production to the central bank, as part of an expanded strategy to strengthen national foreign exchange reserves, a senior government official told Reuters.
Under the revised arrangement, mining firms are now expected to offload 30% of their...
Published on May 18, 2026
The African Development Bank (AfDB) has approved a $200 million (approximately 112.8 billion CFA francs) financing package aimed at strengthening Nigeria’s industrial development and expanding access to long-term credit for businesses, particularly small and medium-sized enterprises.
The funding, granted to Nigeria’s Bank of...
Published on May 18, 2026
Nigeria has begun implementing a 30-day visa-free entry policy for Rwandan nationals, in a move aimed at strengthening regional mobility and economic integration in Africa, according to immigration authorities.
The Nigeria Immigration Service (NIS) confirmed the rollout of the policy, which allows Rwandan citizens to enter Nigeria withou...
Published on May 18, 2026
Nigeria is losing billions of dollars in mining revenue to a vast illegal trade network dominated by foreign buyers, shell companies, and armed criminal groups, according to a joint report released by the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Africa Network for Environment and Economic Justice (ANEEJ).
The...
Published on May 16, 2026
Nigeria and the Federal Republic of Germany have signed a new development cooperation agreement worth €65 million. In addition, a €300 million credit line has been established to support private sector initiatives.
On Thursday, the Minister of Budget and Economic Planning, Senator Abubakar Bagudu, and the Minister of State, Dr....
Published on May 15, 2026
President Bola Ahmed Tinubu said Nigeria will allocate more than $11 billion to debt servicing in 2026, a figure that represents nearly half of the country’s projected public revenue, underscoring mounting fiscal pressures on Africa’s largest economy.
Speaking at the Africa Forward Summit in Nairobi, Tinubu warned that rising...
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The State Minister at the German Federal Foreign Office, Serap Güler, carried out her first official visit to Côte d’Ivoire since her appointment in May 2025 on Monday, May 11, during which she held two key meetings.
She met with Téné Birahima Ouattara, and with Adama Dosso. Both sides highlighted the excel...
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Ghana is considering acquiring Russian oil giant Lukoil’s stake in a major offshore oil block as the West African nation seeks greater control over its future energy production and revenues, according to reports citing officials familiar with the matter.
The proposed move concerns Lukoil’s 38% interest in the Deepwater Tano C...
Published on May 13, 2026
Nigeria is in advanced negotiations with the World Bank Group for a $1.25 billion financing package aimed at supporting economic reforms designed to boost growth, investment, and job creation, according to local media reports and sources familiar with the discussions.
The proposed funding would support the Nigerian government’s ong...
Published on May 12, 2026
Ghana is planning to raise around $1 billion equivalent in local currency through domestic bond markets to finance its upcoming 2026/2027 cocoa season, in a move aimed at reducing reliance on external borrowing and limiting exposure to foreign-currency debt risks.
The financing strategy is expected to support operations in the country&rs...
Published on May 09, 2026
African Development Bank has approved a $61 million financing package for Nigeria aimed at expanding access to credit for women-owned enterprises, with a focus on agriculture and small and medium-sized businesses.
The funding is expected to support financial inclusion initiatives targeting women entrepreneurs who continue to face signifi...
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Law enforcement officers from Côte d’Ivoire have completed specialized training on illicit synthetic drug trends at the International Law Enforcement Academy in Gaborone, Botswana, as the country seeks to strengthen its response to evolving transnational drug threats.
The participants, drawn from the Ivorian National Police a...
Published on May 09, 2026
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