Finance
Guinea Revokes 129 Mining Permits in Bid to Reclaim Control Over Resources
Guinea’s government has revoked 129 mineral exploration permits, stepping up efforts to regain control over the country’s vast natural resources. The decision was...
Tinubu Seeks NASS Approval to Borrow $21.5bn, ¥15bn, €2.2bn Amid Soaring Debt
Nigeria’s president, Bola Ahmed Tinubu, has asked the National Assembly to approve a fresh external borrowing plan of $21.5 billion, €2.2 billion, ¥15...
Burkina Faso Flags Off $11.5m Cashew Factory to Eliminate $111m Cheap Unprocessed Annual Cashew Export
Burkina Faso is intensifying efforts to end the export of raw agricultural products by investing heavily in local processing industries. The latest move...
Burkina Faso Distributes $179 million Worth of Agricultural Equipment to Farmers Using Funds from Nationalised Gold Mining Operations
Burkina Faso has launched a major agricultural campaign funded by internally generated revenues. On 22 May 2025, President Ibrahim Traoré handed over more...
DR Congo: Former Prime Minister Matata Ponyo to Serve 10 Years in Prison for Embezzlement, Alongside Central Bank Governor
The Constitutional Court of the Democratic Republic of Congo has sentenced former Prime Minister Augustin Ponyo to 10 years of forced labour for...
Nigeria’s National Assembly Padded 2025 Budget with Dubious, Vague Projects Worth N6.93 Trillion – BudgIT
BudgIT, a civic tech organisation focused on public finance reform, has uncovered 11,122 projects worth N6.93 trillion inserted into the 2025 federal budget...
Cote d’Ivoire’s Public Institutions Sign Deal with French Airline Corsair for Discounted Paris Flights and Preferential Healthcare, Despite Citizens Struggling with Poor Health Services
Five top Ivorian public institutions have signed a fresh partnership with French airline Corsair, granting government officials and their families discounted flights to...
US Court Slashes Defamation Award to Ghanaian Journalist Anas Aremeyaw from $18m to $500
A US court has reduced the $18 million defamation award granted to Ghanaian journalist Anas Aremeyaw Anas to just $500. In March, the...
Heavy Tax Burden Weighs on Nigerians Under Tinubu’s Economic Reforms, as Costs Continue to Rise
Nigerians face increased financial pressure as President Bola Tinubu’s administration has introduced a series of new taxes and charges amid persistent economic challenges....
Ghana’s Inflation Slows to 21.2% in April, Fourth Monthly Decline
Ghana’s annual consumer inflation rate eased to 21.2 per cent in April 2025, down from 22.4 per cent in March, according to the...
Mali’s Government Suspends All Political Parties Indefinitely Over Public Order Concerns
Mali’s government has suspended the activities of all political parties and organisations indefinitely, citing the need to preserve public order. The announcement was...
Brace for Higher Electricity Tariffs, Adelabu Warns Despite Continous Grid Collapse and Poor Power Supply
The Minister of Power, Adebayo Adelabu, has stated that Nigeria’s economy can no longer sustain electricity subsidies as the federal government’s debt to...