Economy

Twenty years ago, local resistance arose in the Niger Delta because of the way oil revenue was being shared and how oil pollution was undermining local livelihoods. Young people helped…
Aug 06, 2020
This music is played on loudspeakers by a group of seven members of the Tabernacles of Freedoms Ministries in Cameroon’s capital Yaounde. The four women and three men move from…
The Zimbabwean government recently signed an agreement to pay 4,500 white farmers US$3.5 billion for infrastructure improvements on the land expropriated by the government during the chaotic land reform programme…
Jul 30, 2020
Gambia’s Vice President Isatou Touray has tested positive for COVID-19, leading President Adama Barrow to enter self-isolation for the next two weeks, the presidency said on Wednesday. The presidency’s statement…
The South African government has asked the International Monetary Fund (IMF) for $4.2 billion. The money would come from a facility that provides financing to countries facing an urgent balance…
Jul 17, 2020
Rose Raponda was on Thursday appointed Prime Minister of Gabon, in accordance with a presidential decree read by the Secretary-General of the Presidency, Jean-Yves Teal. Ms Raponda has become the…
After nearly seven decades of oil exploration in the Niger Delta, the Nigerian oil industry now makes up 65% of government revenue and 88% of foreign exchange earnings. But this…
Jul 12, 2020
President Muhammadu Buhari has urged African leaders to ensure the immediate actualization of the Common African Position on Assets Recovery (CAPAR), as the continent celebrates Anti-Corruption Day, July 11, 2020.…
Jul 10, 2020
Malawians have voiced anger after newly appointed President Lazarus Chakwera unveiled a cabinet that they said was tainted by family ties. Chakwera, 65, comfortably beat Peter Mutharika with 58.5 percent…
Last year, Australians reported more than A$634 million lost to fraud, a significant jump from $489.7 million the year before. The Australian Competition and Consumer Commission (ACCC) has released its…
Jul 02, 2020
Equatorial Guinea has agreed to pause the construction of a controversial border wall with Cameroon after talks between the two countries’ defense ministers in Yaoundé. The two sides also agreed…
Jul 01, 2020
Angolan prosecutors on Tuesday sought a seven-year jail sentence for the son of former president Jose Eduardo dos Santos for allegedly embezzling $500 million from state coffers. Jose Filomeno dos…
Lazarus Chakwera’s victory as the new president of Malawi represents a remarkable reversal of fortunes for Peter Mutharika, who almost a year ago was declared the winner in national polls.…
Jun 25, 2020
Malawi's state and private media on Wednesday gave opposition leader Lazarus Chakwera a comfortable 55% lead in its presidential election re-run, with nearly three-quarters of votes counted, but there was…
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