Economy

By Enyichukwu Enemanna Ghana’s government has announced the scrapping of several COVID-19-era taxes imposed as a means to secure funding from the International Monetary Fund (IMF), attributing the decision to the economic impact on citizens. Five...

By Emmanuel Nduka The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) Commission have signed a groundbreaking agreement worth $11.18 million aimed at boosting rice production across West Africa. The announcement...

By Emmanuel Nduka  Tunisia’s engineering sector is facing a serious crisis, marked by the emigration of 39,000 engineers. This represents approximately 43% of the 90,000 engineers registered with the Tunisian Order of Engineers (ILO). Historically known...

Major banks and fintech firms worldwide are racing to create their own stablecoins, hoping to tap into a massive cross-border payments market they believe will soon be transformed by digital currencies. In February, Bank of America...

By Enyichukwu Enemanna The International Monetary Fund (IMF) has promised to support Sri Lanka’s economic recovery, expressing satisfaction with the cash-strapped nation’s “remarkable turnaround” during a virtual meeting with it's president. IMF Managing Director, Kristalina Georgieva,...

By Enyichukwu Enemanna Arising from the failure of its nuclear power station and coal plants, South Africa's utility company, Eskom, on Friday announced the resumption of scheduled power cuts expected to last throughout the weekend. In...